Industrial Gear Motors and Drives Market by End-user, Type and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 168

SKU: IRTNTR74129

Snapshot

The industrial gear motors and drives market share is expected to increase by USD 4.76 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.33%.

This industrial gear motors and drives market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial gear motors and drives market segmentation by end-user (material handling, food and beverages, wind power, chemicals and oil and gas, and others), type (standard geared products and precision geared products), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The industrial gear motors and drives market report also offers information on several market vendors, including ABB Ltd., Allied Motion Technologies Inc., Altra Industrial Motion Corp., Beacon Gear Transmissions Pvt. Ltd., Bonfiglioli Riduttori Spa, Buhler Motor GmbH, Demag Cranes and Components GmbH, Eaton Corp. Plc, Elecon Engineering Co. Ltd., ElectroCraft Inc., Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., NER GROUP Co. Ltd., Nidec Corp., Nord Gear Ltd., Regal Rexnord Corp., SDT Drive Technology, SEW-EURODRIVE GmbH and Co KG, Siemens AG, and Sumitomo Heavy Industries Ltd. among others.

What will the Industrial Gear Motors and Drives Market Size be During the Forecast Period?

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Industrial Gear Motors and Drives Market: Key Drivers, Trends, and Challenges

The growing demand for energy-efficient industrial gear motors and drives is notably driving the industrial gear motors and drives market growth, although factors such as emerging variable speed drives (VSDs) may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial gear motors and drives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Gear Motors and Drives Market Driver

One of the key factors driving growth in the industrial gear motors and drives market is the growing demand for energy-efficient industrial gear motors and drives.
The need for end-user industries such as material handling and food and beverage to possess high-efficiency motors is increasing day by day. This is mainly because these industries are constantly increasing their production volume to cater to the growing demand worldwide.
Industrial gear motors and drives are efficient and save energy as they can perform operations at high speed. Thus, the global industrial gear motors and drives market is growing owing to the increasing demand from end-user industries.
The growing energy consumption worldwide, coupled with the high cost of electricity, has necessitated end-user industries, such as food and beverages, power, oil and gas, and chemical and petrochemicals, to pursue energy efficiency measures. end-users are working to reduce energy consumption with the deployment of industrial gear motors and drives. Therefore, the launch of new energy-efficient industrial gear motors and drives will drive the market focus.

Key Industrial Gear Motors and Drives Market Trend

The increase in M&A activities is an industrial gear motors and drives market trend that is expected to have a positive impact in the coming years.
The vendors operating in the market are adopting strategies such as M&A activities, owing to the increasing demand for industrial gear motors and drives among various industries such as material handling, food and beverages, and wind power.
The M&A activities are anticipated to help vendors to broaden their product portfolio and help expand their geographical presence.
In May 2022, Allied Motion Technologies Inc. acquired ThinGap, which is a leading developer and manufacturer of high-performance, zero-cogging slotless motors for use in applications that require precise motion in compact high-torque-to-volume solutions.
In January 2022, Altra Industrial Motion Corp. acquired Cleveland, Nook Industries LLC (Nook), a player in the US-engineered linear motion industry.

Key Industrial Gear Motors and Drives Market Challenge

The emerging variable speed drives (VSDs) will be a major challenge for the industrial gear motors and drives market during the forecast period.
VSDs are used in various industrial applications, such as pumps, ventilation systems, elevators, and machine tool drives, mainly for energy saving.
Industries such as metals and mining, construction, and conventional power is subjected to stringent regulatory norms that demand the use of energy-efficient equipment such as VSDs.
Conventional electric drives make use of dynamic braking resistors to divert the regenerated power to protect the DC bus from the over-voltage condition, leading to the low optimization of power utilization.
The development of matrix bi-directional arrangement helps in directing back to the power source, ensuring the optimum utilization of energy during motor control operation. This arrangement protects non-linear loads and ensures high energy savings through power regeneration.
With a growing focus on energy efficiency, the demand for regenerative electric drives is expected to increase during the forecast period, which will negatively impact the market in focus.

This industrial gear motors and drives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global industrial gear motors and drives market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial gear motors and drives market during the forecast period.

Who are the Major Industrial Gear Motors and Drives Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the industrial gear motors and drives market encompasses successful business strategies deployed by the key vendors. The industrial gear motors and drives market is fragmented and the vendors are deploying growth strategies such as spending more on R&D activities to bring innovative solutions for industrial applications to compete in the market.

Product Insights and News

ABB Ltd. - ABB Ltd. is a public company headquartered in Switzerland. It is a global company generating $28,945 million in revenues and has around 105,000 employees. Its revenue from the global industrial gear motors and drives market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
ABB Ltd. - The company offers industrial gear motors and drives such as ACS880 industrial drives.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial gear motors and drives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Gear Motors and Drives Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial gear motors and drives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Industrial Gear Motors and Drives Market?

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43% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for industrial gear motors and drives in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising demand for infrastructure development from the industrial and construction sectors will facilitate the industrial gear motors and drives the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 adversely impacted the sales of major manufacturing industries in APAC. A decline in demand for final products from consumers, supplier bankruptcy, a slowdown in R&D processes, and the development of new products negatively impacted various industries such as chemicals and oil and gas. However, the resumption of manufacturing activities after the lifting of nationwide lockdowns in major countries in APAC such as India, China, Japan, and South Korea in Q4 2020 increased the sales of industrial gear motors and drives from January 2021, and the growth of the market in focus is expected to continue during the forecast period.

What are the Revenue-generating End-user Segments in the Industrial Gear Motors and Drives Market?

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Industrial gear motors drives market share growth in the material handling segment will be significant during the forecast period. The need to achieve economies of scale and improve operational efficiency has resulted in consolidation in the industry, which has increased power requirement, machine size, and material handling capacity in various industries such as metal and mining. Efforts made by the Government of China aimed at stimulating the infrastructure industry will increase the demand for gear motors and drives in the material handling industry.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial gear motors and drives market size and actionable market insights on the post-COVID-19 impact on each segment.

Industrial Gear Motors and Drives Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.33%
Market growth 2022-2026	$ 4.76 billion
Market structure	Fragmented
YoY growth (%)	4.85
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 43%
Key consumer countries	US, China, Japan, India, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Allied Motion Technologies Inc., Altra Industrial Motion Corp., Beacon Gear Transmissions Pvt. Ltd., Bonfiglioli Riduttori Spa, Buhler Motor GmbH, Demag Cranes and Components GmbH, Eaton Corp. Plc, Elecon Engineering Co. Ltd., ElectroCraft Inc., Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., NER GROUP Co. Ltd., Nidec Corp., Nord Gear Ltd., Regal Rexnord Corp., SDT Drive Technology, SEW-EURODRIVE GmbH and Co KG, Siemens AG, and Sumitomo Heavy Industries Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Gear Motors and Drives Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive industrial gear motors and drives the market growth during the next five years
Precise estimation of the industrial gear motors and drives market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the industrial gear motors and drives industry across APAC, Europe, North America, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of industrial gear motors and drives market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 27: Chart on Comparison by End-user
- Exhibit 28: Data Table on Comparison by End-user

5.3 Material handling - Market size and forecast 2021-2026
- Exhibit 29: Chart on Material handling - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Material handling - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Material handling - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Material handling - Year-over-year growth 2021-2026 (%)

5.4 Food and beverages - Market size and forecast 2021-2026
- Exhibit 33: Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)

5.5 Wind power - Market size and forecast 2021-2026
- Exhibit 37: Chart on Wind power - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Data Table on Wind power - Market size and forecast 2021-2026 ($ million)
- Exhibit 39: Chart on Wind power - Year-over-year growth 2021-2026 (%)
- Exhibit 40: Data Table on Wind power - Year-over-year growth 2021-2026 (%)

5.6 Chemicals and oil and gas - Market size and forecast 2021-2026
- Exhibit 41: Chart on Chemicals and oil and gas - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Data Table on Chemicals and oil and gas - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Chart on Chemicals and oil and gas - Year-over-year growth 2021-2026 (%)
- Exhibit 44: Data Table on Chemicals and oil and gas - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026
- Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by End-user
- Exhibit 49: Market opportunity by End-user ($ million)

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 50: Chart on Type - Market share 2021-2026 (%)
- Exhibit 51: Data Table on Type - Market share 2021-2026 (%)

6.2 Comparison by Type
- Exhibit 52: Chart on Comparison by Type
- Exhibit 53: Data Table on Comparison by Type

6.3 Standard geared products - Market size and forecast 2021-2026
- Exhibit 54: Chart on Standard geared products - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Standard geared products - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Standard geared products - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Standard geared products - Year-over-year growth 2021-2026 (%)

6.4 Precision geared products - Market size and forecast 2021-2026
- Exhibit 58: Chart on Precision geared products - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Precision geared products - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Precision geared products - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Precision geared products - Year-over-year growth 2021-2026 (%)

6.5 Market opportunity by Type
- Exhibit 62: Market opportunity by Type ($ million)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 64: Chart on Market share by geography 2021-2026 (%)
- Exhibit 65: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison
- Exhibit 66: Chart on Geographic comparison
- Exhibit 67: Data Table on Geographic comparison

8.3 APAC - Market size and forecast 2021-2026
- Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.4 Europe - Market size and forecast 2021-2026
- Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.5 North America - Market size and forecast 2021-2026
- Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.7 South America - Market size and forecast 2021-2026
- Exhibit 84: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.8 China - Market size and forecast 2021-2026
- Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)

8.9 US - Market size and forecast 2021-2026
- Exhibit 92: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on US - Year-over-year growth 2021-2026 (%)

8.10 Japan - Market size and forecast 2021-2026
- Exhibit 96: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on Japan - Year-over-year growth 2021-2026 (%)

8.11 Germany - Market size and forecast 2021-2026
- Exhibit 100: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 101: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 102: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 103: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.12 UK - Market size and forecast 2021-2026
- Exhibit 104: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 105: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 106: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 107: Data Table on UK - Year-over-year growth 2021-2026 (%)

8.13 India - Market size and forecast 2021-2026
- Exhibit 108: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 109: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 110: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 111: Data Table on India - Year-over-year growth 2021-2026 (%)

8.14 Market opportunity by geography
- Exhibit 112: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption

10.4 Industry risks
- Exhibit 116: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 117: Vendors covered

11.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification

11.3 ABB Ltd.
- Exhibit 119: ABB Ltd. - Overview
- Exhibit 120: ABB Ltd. - Business segments
- Exhibit 121: ABB Ltd. - Key offerings
- Exhibit 122: ABB Ltd. - Segment focus

11.4 Altra Industrial Motion Corp.
- Exhibit 123: Altra Industrial Motion Corp. - Overview
- Exhibit 124: Altra Industrial Motion Corp. - Business segments
- Exhibit 125: Altra Industrial Motion Corp. - Key offerings
- Exhibit 126: Altra Industrial Motion Corp. - Segment focus

11.5 Bonfiglioli Riduttori Spa
- Exhibit 127: Bonfiglioli Riduttori Spa - Overview
- Exhibit 128: Bonfiglioli Riduttori Spa - Product / Service
- Exhibit 129: Bonfiglioli Riduttori Spa - Key offerings

11.6 Eaton Corp. Plc
- Exhibit 130: Eaton Corp. Plc - Overview
- Exhibit 131: Eaton Corp. Plc - Business segments
- Exhibit 132: Eaton Corp. Plc - Key news
- Exhibit 133: Eaton Corp. Plc - Key offerings
- Exhibit 134: Eaton Corp. Plc - Segment focus

11.7 Johnson Electric Holdings Ltd.
- Exhibit 135: Johnson Electric Holdings Ltd. - Overview
- Exhibit 136: Johnson Electric Holdings Ltd. - Business segments
- Exhibit 137: Johnson Electric Holdings Ltd. - Key offerings
- Exhibit 138: Johnson Electric Holdings Ltd. - Segment focus

11.8 Mitsubishi Electric Corp.
- Exhibit 139: Mitsubishi Electric Corp. - Overview
- Exhibit 140: Mitsubishi Electric Corp. - Business segments
- Exhibit 141: Mitsubishi Electric Corp. - Key news
- Exhibit 142: Mitsubishi Electric Corp. - Key offerings
- Exhibit 143: Mitsubishi Electric Corp. - Segment focus

11.9 Nidec Corp.
- Exhibit 144: Nidec Corp. - Overview
- Exhibit 145: Nidec Corp. - Business segments
- Exhibit 146: Nidec Corp. - Key news
- Exhibit 147: Nidec Corp. - Key offerings
- Exhibit 148: Nidec Corp. - Segment focus

11.10 Regal Rexnord Corp.
- Exhibit 149: Regal Rexnord Corp. - Overview
- Exhibit 150: Regal Rexnord Corp. - Business segments
- Exhibit 151: Regal Rexnord Corp. - Key offerings
- Exhibit 152: Regal Rexnord Corp. - Segment focus

11.11 Siemens AG
- Exhibit 153: Siemens AG - Overview
- Exhibit 154: Siemens AG - Business segments
- Exhibit 155: Siemens AG - Key news
- Exhibit 156: Siemens AG - Key offerings
- Exhibit 157: Siemens AG - Segment focus

11.12 Sumitomo Heavy Industries Ltd.
- Exhibit 158: Sumitomo Heavy Industries Ltd. - Overview
- Exhibit 159: Sumitomo Heavy Industries Ltd. - Business segments
- Exhibit 160: Sumitomo Heavy Industries Ltd. - Key offerings
- Exhibit 161: Sumitomo Heavy Industries Ltd. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 162: Inclusions checklist
- Exhibit 163: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 164: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 165: Research methodology
- Exhibit 166: Validation techniques employed for market sizing
- Exhibit 167: Information sources

12.5 List of abbreviations
- Exhibit 168: List of abbreviations

The global industrial gear motors and drives market is highly fragmented, with dominant vendors accounting for a significant share of the market. Dominant vendors include ABB

in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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