The global geared motors market experienced significant growth from 2021 to 2023, driven by market recovery following the pandemic in 2020 and high backlog levels in 2022. However, by the end of 2023, this growth came to an abrupt halt as backlogs diminished and global demand declined sharply, particularly in China. Currency fluctuations had a smaller impact compared to previous years, although the depreciation of Asian currencies against the US dollar hindered growth figures reported in dollar terms.
"Geared motor suppliers are prioritizing energy efficiency and sustainability through innovative design solutions. New designs lower costs and boost sustainability. Some suppliers now offer geared motors without paint or coating, using aluminum housings. These are ideal for indoor factory settings, eliminating the need for energy-intensive coatings. Aluminum‘s resistance to corrosion under normal conditions further enhances durability. This approach reduces energy use, cuts resource consumption, and simplifies recycling, while also eliminating the need for repainting after repairs, benefiting both sustainability and profitability," according to Naresh Surepelly, Senior Analyst and key author of ARC's Geared Motors Market Research.
Geared Motors Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Motors Evolving with PCB Stators
- Energy Efficiency
- Localization
- Industrial 5G
- Communications will Become More Standardized and Universal
Leading Suppliers to the Geared Motors Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Lenze, Nord, RBC Bearings, SEW Eurodrive, Sumitomo Heavy Industries.
About the Geared Motors Research
The Geared Motors research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and three years of historical analysis. The research segmentation includes Machinery by Segment, Industry, Customer Type, World Region, Sales Channel, Value Add, Torque, Power Type, Gear Type, Connectivity.
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