Market Overview:
The global precision speed reducers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for precision speed reducers in various applications such as robotics, food processing machinery, machine tools, aerospace, medical devices, engineering machinery and others. Additionally, the growing demand for harmonic reducers is also contributing significantly to the growth of this market. Harmonic reducers are used in high-precision applications that require low backlash and smooth running characteristics. Some of the major players operating in this market are ABB Ltd., Bosch Rexroth AG., Eaton Corporation Plc., GE Industrial Solutions LLC.
Product Definition:
Precision Speed Reducers are devices that reduce the speed of an input shaft while maintaining its accuracy. They are often used in machines where the output needs to be controlled very precisely, such as CNC machines.
Harmonic Reducer:
Harmonic Reducer is a device used to reduce the speed of an electric motor. It works by reducing the frequency of high frequency harmonics generated in the motor. The reduction in speed helps increase power efficiency and decrease torque noise, which is helpful for applications such as medical equipment, aerospace equipment and automotive equipment where high precision and low noise are required.
Planetary Gear Reducers:
Planetary gear reducers are used to reduce speed and torque in Precision Speed Reducers (PSRs). They are fixed or mounted on the output shaft of the main motor. The reduction in speed and torque helps to increase power efficiency, which is an important factor for any industrial application. Planetary gear reducers can be single-stage or multi-stage type.
Application Insights:
The robotics segment dominated the global precision speed reducers market in terms of revenue share in 2017. The growth can be attributed to increasing demand for industrial robots from various industries such as automotive, electronics, and medical & pharmaceutical. Precision speed reduction gearbox is an essential component for industrial robots as it provides high power transmission efficiency while reducing the robot's own inertia.
The food processing machinery segment is expected to grow at a CAGR of XX% over the forecast period owing to rising demand from emerging economies such as India and China where processed foods are highly consumed due to growing income levels among consumers there.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand from end-use industries, such as aerospace & defense, food processing machinery, and medical devices. Robust manufacturing base of automotive components in China and Japan is also anticipated to propel regional growth over the coming years.
The European market for precision speed reducers was worth USD X million in 2017 and is projected to grow at a CAGR of XX% during the forecast period due to growing automation across various industrial sectors including engineering machinery, machine tools, food processing machinery among others.
Growth Factors:
- Increasing demand from the automotive industry for precision speed reducers to improve fuel efficiency and performance.
- Growing demand for precision speed reducers in the medical equipment industry to improve accuracy and reliability of medical devices.
- Rising popularity of servo-based motion control systems that require high-precision speed reducers.
- Proliferation of microelectromechanical systems (MEMS) technology that is used in many precision applications, including speed reducers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Speed Reducers Market Research Report
By Type
Harmonic Reducer, Planetary Gear Reducers, Cycloidal Reducers
By Application
Robotics, Food Processing Machinery, Machine Tools, Aerospace, Medical Devices, Engineering Machinery, Others
By Companies
Neugart GmbH, Wittenstein SE, SEW-Eurodrive, NABTESCO, WITTENSTEIN Group, Sumitomo Heavy Industries, NIDEC-SHIMPO, Harmonic Drive, SPINEA, Neugart GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Precision Speed Reducers Market Report Segments:
The global Precision Speed Reducers market is segmented on the basis of:
Types
Harmonic Reducer, Planetary Gear Reducers, Cycloidal Reducers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Robotics, Food Processing Machinery, Machine Tools, Aerospace, Medical Devices, Engineering Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Neugart GmbH
- Wittenstein SE
- SEW-Eurodrive
- NABTESCO
- WITTENSTEIN Group
- Sumitomo Heavy Industries
- NIDEC-SHIMPO
- Harmonic Drive
- SPINEA
- Neugart GmbH
Highlights of The Precision Speed Reducers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Harmonic Reducer
- Planetary Gear Reducers
- Cycloidal Reducers
- By Application:
- Robotics
- Food Processing Machinery
- Machine Tools
- Aerospace
- Medical Devices
- Engineering Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Speed Reducers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision Speed Reducers are a type of speed reducer that reduce the speed of a motor or gearbox. They are used to improve the accuracy and performance of machines, allowing them to work at their optimum speeds.
Some of the major companies in the precision speed reducers market are Neugart GmbH, Wittenstein SE, SEW-Eurodrive, NABTESCO, WITTENSTEIN Group, Sumitomo Heavy Industries, NIDEC-SHIMPO, Harmonic Drive, SPINEA, Neugart GmbH.
The precision speed reducers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Speed Reducers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Precision Speed Reducers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Speed Reducers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Precision Speed Reducers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Precision Speed Reducers Market Size & Forecast, 2018-2028
4.5.1 Precision Speed Reducers Market Size and Y-o-Y Growth
4.5.2 Precision Speed Reducers Market Absolute $ Opportunity
Chapter 5 Global Precision Speed Reducers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Precision Speed Reducers Market Size Forecast by Type
5.2.1 Harmonic Reducer
5.2.2 Planetary Gear Reducers
5.2.3 Cycloidal Reducers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Precision Speed Reducers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Precision Speed Reducers Market Size Forecast by Applications
6.2.1 Robotics
6.2.2 Food Processing Machinery
6.2.3 Machine Tools
6.2.4 Aerospace
6.2.5 Medical Devices
6.2.6 Engineering Machinery
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Speed Reducers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Precision Speed Reducers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Precision Speed Reducers Analysis and Forecast
9.1 Introduction
9.2 North America Precision Speed Reducers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Precision Speed Reducers Market Size Forecast by Type
9.6.1 Harmonic Reducer
9.6.2 Planetary Gear Reducers
9.6.3 Cycloidal Reducers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Precision Speed Reducers Market Size Forecast by Applications
9.10.1 Robotics
9.10.2 Food Processing Machinery
9.10.3 Machine Tools
9.10.4 Aerospace
9.10.5 Medical Devices
9.10.6 Engineering Machinery
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Precision Speed Reducers Analysis and Forecast
10.1 Introduction
10.2 Europe Precision Speed Reducers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Precision Speed Reducers Market Size Forecast by Type
10.6.1 Harmonic Reducer
10.6.2 Planetary Gear Reducers
10.6.3 Cycloidal Reducers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Precision Speed Reducers Market Size Forecast by Applications
10.10.1 Robotics
10.10.2 Food Processing Machinery
10.10.3 Machine Tools
10.10.4 Aerospace
10.10.5 Medical Devices
10.10.6 Engineering Machinery
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Precision Speed Reducers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Precision Speed Reducers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Precision Speed Reducers Market Size Forecast by Type
11.6.1 Harmonic Reducer
11.6.2 Planetary Gear Reducers
11.6.3 Cycloidal Reducers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Precision Speed Reducers Market Size Forecast by Applications
11.10.1 Robotics
11.10.2 Food Processing Machinery
11.10.3 Machine Tools
11.10.4 Aerospace
11.10.5 Medical Devices
11.10.6 Engineering Machinery
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Precision Speed Reducers Analysis and Forecast
12.1 Introduction
12.2 Latin America Precision Speed Reducers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Precision Speed Reducers Market Size Forecast by Type
12.6.1 Harmonic Reducer
12.6.2 Planetary Gear Reducers
12.6.3 Cycloidal Reducers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Precision Speed Reducers Market Size Forecast by Applications
12.10.1 Robotics
12.10.2 Food Processing Machinery
12.10.3 Machine Tools
12.10.4 Aerospace
12.10.5 Medical Devices
12.10.6 Engineering Machinery
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Precision Speed Reducers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Precision Speed Reducers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Precision Speed Reducers Market Size Forecast by Type
13.6.1 Harmonic Reducer
13.6.2 Planetary Gear Reducers
13.6.3 Cycloidal Reducers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Precision Speed Reducers Market Size Forecast by Applications
13.10.1 Robotics
13.10.2 Food Processing Machinery
13.10.3 Machine Tools
13.10.4 Aerospace
13.10.5 Medical Devices
13.10.6 Engineering Machinery
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Precision Speed Reducers Market: Competitive Dashboard
14.2 Global Precision Speed Reducers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Neugart GmbH
14.3.2 Wittenstein SE
14.3.3 SEW-Eurodrive
14.3.4 NABTESCO
14.3.5 WITTENSTEIN Group
14.3.6 Sumitomo Heavy Industries
14.3.7 NIDEC-SHIMPO
14.3.8 Harmonic Drive
14.3.9 SPINEA
14.3.10 Neugart GmbH
