1. Market Research
  2. > Automotive
  3. > Auto Parts Market Trends

Analysis of the Global Gearboxes and Gear Motors Market 

  • March 2014
  • 157 pages
  • Frost & Sullivan
Report ID: 2057237

Summary

Table of Contents

High Torque Density and Flexible Design of Gearboxes and Gear Motors to Drive Market Growth

Executive Summary

•The global gearboxes and gear motors market is expected to experience a decline in growth in 2013 and 2014, because of the economic slowdown that reduces demand for new products. However, the market is likely to experience nominal growth from the end of 2014 until the end of the forecast period, driven by an expected increase in the demand for new product installations.
•It is estimated that gearbox and gear motors revenue for the metals and mining industry accounts for the fastest growth, and the CAGR from 2012 (revenue of $xx M) to 2017 (revenue of $xx M) is expected to be about xx%.
•The metals and mining, material handling, food and beverage, and power industries are expected to be significant end-user sectors that will contribute to overall market growth.
•Market competition based on pricing is expected to increase during the forecast period. This is likely to reduce the profit margin of gearbox and gear motor manufacturers.
•The 3rd-party service providers are likely to have a negative impact on manufacturers’ revenues from gearbox and gear motor services.
•End users are expected to place emphasis on value for money rather than on product price.
•Hybrid designs that incorporate gearboxes as well as other advanced motion-controller technologies are an emerging trend. Gearboxes and other energy-saving technologies, such as electric drives, and motion controllers, are complementary to each other in saving energy in high-torque applications.
•The trend toward hybrid technology is expected to gain momentum during the forecast period, as the technology provides its users with the dual advantages of a motion controller, which saves power by controlling the rotor speed, and a gearbox, which delivers high torque.
•Hybrid technology is expected to have a negative impact on the growth of the gearbox and gear motors market because this technology makes gearboxes more robust and minimises the need for gearbox services.
•Gear motors are considered to be compact and safe, and have lower maintenance costs for hazardous applications such as mining, oil and gas fields than that of gearboxes.
•Product delivery time is expected to be a key success factor in the gearboxes and gear motors market.

CEO’s Perspective

- Demand in Asian markets is expected to become self-driven rather than export-driven by 2025. This is likely to be a result of an increase in the number of manufacturing industries that utilise gearboxes in these regions.
- During the forecast period, growth in the North American market is expected to be driven by an increase in manufacturing because of the shift away from the offshoring model.
- From 2012 to 2017, the metals and mining industry is expected to witness the fastest growth, with a CAGR of xx%, driven by the growth of the mining sector in North -America, Australia, and Southeast Asia from 2015 to 2017.
- The share of worm gearboxes and worm gear motors is expected to decline by about xx% by the end of 2017. This is likely to be a combined effect of the low efficiency of worm gear technology and customers’ increasing emphasis on energy efficiency.
- Third-party service providers, with the advantage of faster response times and lower prices, are likely to have a negative impact on the service revenues of manufacturers.

Key Findings

•Bargaining power is shifting towards buyers. This has been enabled by newer and more efficient ways of manufacturing that lower the costs of production.
•Lower costs of production favoured lower product price, and as a result, price-based competition has heightened among gearboxes and gear motors vendors.
•Price is expected to be an important factor to compete effectively in the market. Some companies have even reduced their product prices from 2011 to 2013.
•The uncertainty in demand has caused the emphasis on product delivery time to become poised to increase.
•Demand in countries like China that are majorly dependent on exports to the European market fell from 2009 to 2012. The growth in demand is expected to be flat, owing to poor economic conditions that are likely to prevail in Europe during the forecast period.
•The expected slowdown in the Chinese construction industry in 2013 and 2014 is likely to reduce its contribution toward the overall demand for gearboxes and gear motors.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
Which end-user industries are expected to be significant in the overall market growth rate?
Which type of gearboxes and gear motors are expected to grow in the next 5 years? Is the market for any particular type of product expected to decline?
How will the structure of the market change with time? Could we expect a trend of vertical integration?
Are gearboxes and gear motors expected to be replaced by alternative and newer motion control technologies?
Are the vendors in the market ready to go it alone, or do they need partnerships to take their businesses to the next level?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Connected Car Market Outlook, 2017

  • $ 10000
  • Industry report
  • March 2017
  • by Frost & Sullivan

OEMs Plan to Embrace Servicification Model Targeting $50 Billion Aftersales Market While 200 New Start-ups Prepare to Disrupt the Industry with Unique Platform-based Business Models The 2017 connected ...

Worldwide Automotive In-Vehicle Infotainment System and Microprocessor Forecast, 2017-2021

  • $ 5720
  • Industry report
  • May 2017
  • by IDC

This IDC study provides data for the in-vehicle infotainment (IVI) system for 2016-2021, with analysis and commentary. The automobile continues to represent the largest single application growth opportunity ...

Connected Car Devices Market by communication type, Connectivity Type, Product Type, Vehicle Type, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“Stringency of vehicle safety legislations in developed regions, improving socio-economic conditions in developing regions along with growing demand for electric vehicles across the globe to fuel the ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.