This report was recently updated on April 13 2024 with the latest and most recent
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Parallel Shaft Geared Motors market | By Application | Competitor Analysis
Parallel Shaft Geared Motors Market Insights
The global Parallel Shaft Geared Motors market is projected to grow at a significant CAGR over the forecast period. Compact nature of parallel shaft geared motors and minimal cost are factors expected to drive growth in the market. Parallel shaft geared motors have extensive applications in wind power, pharmaceuticals, logistics, chemical and food & beverage industries.
Moreover, growing awareness about the efficiency of mechanical power transmission is expected to boost growth in the parallel shaft geared motors market. Investments in manufacturing, packaging, automotive and plastics industries are likely to further generate market opportunities for the parallel shaft geared motors market.
Parallel Shaft Geared Motors Market: Shaft Type Insights
The global parallel shaft geared motors market can be segmented into hollow shaft, solid shaft, splined hollow shaft and hollow shaft with shrink disc. Parallel shift geared motors may have a solid or hollow shaft. The hollow shaft is also known as a plug-on-gear unit. In the hollow shaft, the geared motor is effectively combined into the machine that is driven.
Parallel Shaft Geared Motors Market: Stage Insights
On the basis of source, the global Parallel Shaft Geared Motors market is segregated into 2-Stage and 3-Stage. 2-Stage parallel shift geared motors have a ratio of approximately 3.57 - 65.2, while 3-Stage parallel shift geared motors have a ratio of approximately 46.36 - 357.00.
Parallel Shaft Geared Motors Market: Application Insights
The global parallel shaft geared motors market can be segmented into Logistics, Food & Beverages, and Chemical among others. The food & beverage segment is expected to hold the largest market share in the parallel shaft geared motors market. This can be attributed to stringent regulations with respect to food quality, hygiene. This is expected to induce manufacturers to upgrade their equipment. Rising population and disposable income of individuals is likely to boost demand for food in emerging economies such as India and China, further generating market opportunities for parallel shaft geared motors. Need for efficient mechanical power transmission is expected to drive market growth in the logistics and chemical segments. The logistics segment is expected to hold the second largest market share.
Parallel Shaft Geared Motors Market: Regional Insights
The Asia Pacific market is expected to hold the largest market share in the parallel shaft geared motors market. Increasing investments in the automobile, manufacturing, and food packaging market in the region is likely to contribute to market growth. Rapidly developing food packaging industry in emerging economies such as India, China, and Japan is expected to further boost the market for parallel shaft geared motors.
Parallel Shaft Geared Motors Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Parallel Shaft Geared Motors over the coming years. Some leading consumers of Parallel Shaft Geared Motors are Fuji Electrics and Continental Vending among others
Parallel Shaft Geared Motors Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Parallel Shaft Geared Motors Market Share & Competitor Analysis
Some of the players operating in the global Parallel Shaft Geared Motors market include Siemens AG, WEG S. A., NORD Drivesystems, Toledo Gearmotor, Bison Gear & Engineering Corp., ABB Motors and Mechanical Inc., Bodine Electric Company, Mitsubishi Electric Corporation, SPG Co., Ltd, Allied Motion Inc.
Please note: This is not an exhaustive list of companies profiled in the report.
In March 2018, WEG launched their WG20 geared motors portfolio with helical, parallel-shaft and helical bevel gear drives for rated torques up to 4500 Nm.
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The global Parallel Shaft Geared Motors market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Parallel Shaft Geared Motors market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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