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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 230
Countries covered: 19
Pages: 190
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Gear Motor Market
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Gear Motor Market Size
The global gear motor market was estimated at USD 6.2 billion in 2024. The market is expected to grow from USD 6.4 billion in 2025 to USD 10 billion in 2034 at a CAGR of 5%.
The increasing investments in power generation are another factor driving the growth of the gear motor industry as high-performance and durable gear motors are used in energy infrastructure. Governments and private sector participants are making significant investments in renewable energy projects, thermal power plants, and hydroelectric facilities, as global energy consumption continues to rise; gear motors play a vital role in these projects concerning the transmission of power.
In wind energy, gear motors play a vital role in wind turbine pitch and yaw control systems, ensuring the turbine is positioned for optimum energy generation. Installed solar power plants also require gear motors in tracking systems, which are used to position solar panels to the best angle about the sun. Likewise, power plants such as hydroelectric and thermal also use gear motors in turbines, conveyors, and cooling circuits for operational efficiency and reliability.
Smart grids and power plant automation, demand for IoT-enabled gear motors to monitor the performance constantly, and predictive maintenance have also increased in recent times. As energy companies try to find more compact and efficient designs, the number of applications for high-torque and low-maintenance gear motors continues to grow. This is because the power generation sector is one of the key industries that facilitate sustained expansion in the gear motor industry.
Gear Motor Market Trends
Integration of IoT and smart monitoring systems, facilitating the real-time tracking of gear motors’ performance, predictive maintenance, and remote diagnostics are some of the key trends. For example, this increases operational efficiency and minimizes downtime in industrial sectors like manufacturing, logistics, and energy.
In addition, the increasing demand for energy-efficient and compact gear motors as industries move toward sustainable solutions to comply with stringent environmental regulations is another factor driving market growth. To compensate for this increasing energy demand manufacturers are concentrating on air conditioning systems that use lightweight, high-efficiency gear motors to keep energy consumption down whilst torque remains high.
Automation and electrification of material handling equipment are also spurring advances in gear motor technology. Bevel and planetary gear motors are increasingly used in EV drivetrains, robotics, and automated storage systems, which now support the growth of smart factories and logistics hubs.
Also, customization of gear motors and modular gear motor designs are gaining traction, allowing industries to choose from selective configurations based on end-use requirements. The adoption of 3D printing and other new advanced manufacturing techniques is accelerating the market for highly specialized gear motors that are durable and precise.
As the sector grows it will be able to expand and innovate beyond its traditional sector and become a staple in many factories around the world, gaining a foothold even in the 21st-century energy revolution and in the move for robotics and industrial automation.
Gear Motor Market Analysis
Based on type, the gear motor market is segmented as helical gear, planetary gear, bevel gear, worm gear, spur gear, electric gear, and others (PMDC, compact). In 2024, the bevel gear segment generated a revenue of USD 1.4 billion and is expected to grow at a CAGR of around 5.4% during the forecast period.
Based on end-user, the gear motor market is segmented as material handling, construction, power generation, mining, food and beverage, manufacturing industry, packaging and labeling, and other (wind power, automotive, marine). In 2024, the material handling segment accounted for over 22.3% and is expected to grow at the rate of 5% till 2034.
Based on the distribution channel, the gear motor market is segmented as direct and indirect. The direct segment is expected to hold a major share of 73.1% in 2024.
Gear Motor Market Share
Gear Motor Market Companies
Major players operating in the gear motor industry are:
Bauer Gear Motor manufactures helical, shaft-mounted, bevel and worm-geared motors, monorail, and aseptic drives. Bonfiglioli produces an extensive range of gear motors, including helical, bevel-helical, parallel shaft, and planetary gear motors for industrial automation and mobile applications. Emerson Electric is built for precision movement with right-angle and parallel shaft gear motors. Flender's specialization is in helical, bevel-helical, and planetary gear units, primarily used in conveyor systems and cranes.
Harmonic Drive's precise harmonic gear motors are used in robotics and spacecraft. The supplier of helical, bevel, and planetary gear motors for industries including mining and construction is Jiangsu Guomao Reducer. Nabtesco produces precision reduction gear motors, particularly used in industrial robots. Nidec brushless DC and AC gear motors for home appliance and industrial automation Portescap manufactures small gear motors, including coreless brush DC and brushless DC motors, for use in medical devices and industrial tools.
Power Build manufactures helical, bevel-helical, and worm gear motors for material handling and textiles. Brands under Regal Rexnord include Hub City and Grove Gear, which supply lower-speed, higher-torque motion components like a parallel shaft, right-angle, and inline gear motors for conveyor and packaging industries.
Gear Motor Industry News
The gear motor market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and Volume in Thousand Units from 2021 to 2034, for the following segments:
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Market, By Type
Market, By Rated Power
Market, By Phase
Market, By Torque
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions: