Market Overview:
The global worm gear reducers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for worm gear reducers in machine tools, construction machinery, and ships applications. Additionally, the growing demand for energy-efficient and high-performance products is also contributing to the growth of this market.
Product Definition:
A worm gear reducer is a type of gearbox that uses a worm drive to reduce the speed of a rotating shaft. The importance of worm gear reducers lies in their ability to provide high torque while occupying a small space. Worm gear reducers are commonly used in applications where precise control over output speed and torque is required, such as robotics and machine tools.
Orthogonal:
Orthogonal is a property of certain reducible sets that allows them to be divided into two or more equal parts, and the division does not change their properties. For example, if we take three points A, B and C in the plane such that line AC is parallel to line AB then point C can be considered as an orthogonal (perpendicular) to both lines AB and AC at once.
Parallel-shaft:
Parallel-shaft is a type of reduction gear where the input and output gears are not connected to each other. The parallel-shaft system offers better transmission efficiency, high speed, and more power than conventional systems such as universal or hypoid drives.
The parallel-shaft system can be used in applications requiring high torque density at low speeds such as electric motors or agricultural equipment.
Application Insights:
The construction machinery segment led the global worm gear reducers market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for industrial robots, which are used in various sectors such as automotive, consumer electronics, medical equipment and food processing among others.
The machine tool industry has been witnessing significant growth over the past few years owing to rising demand for precision engineering solutions coupled with advanced technologies that offer high productivity along with low maintenance costs. This factor is expected to drive product adoption across various applications including aerospace & defense and shipbuilding industries over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to continue its dominance over the forecast period owing to rapid industrialization and increasing foreign investments. China, Japan, South Korea, India and Taiwan are some of the prominent worm gear manufacturers across this region.
The construction machinery application segment is anticipated to witness significant growth over the next eight years on account of rising demand for road construction machines from developing economies such as China and India along with other Southeast Asian countries. Moreover, growing infrastructure activities coupled with a rise in residential/commercial building constructions will drive product demand further enabling worms gear reducers manufacturers across this region to gain higher profits margins than their counterparts operating within North America or Europe regions.
Growth Factors:
- Increasing demand from the automotive industry for worm gear reducers as they are compact and efficient
- Growing popularity of electric vehicles, which require worm gear reducers for their smaller size and power requirements
- Rising demand for renewable energy sources such as wind turbines and solar panels, which use worm gear reducers to increase efficiency
- Advances in manufacturing technology that have made worm gear reducers more affordable and accessible to a wider range of consumers
- Growing awareness of the benefits of using worm gear reducers among businesses and consumers alike
Scope Of The Report
Report Attributes
Report Details
Report Title
Worm Gear Reducers Market Research Report
By Type
Orthogonal, Parallel-shaft, Coaxial
By Application
Machine Tool, Construction Machinery, Ships
By Companies
BENZLERS, Boston Gear, Cone Drive Operations, Inc., Davall Gears Limited, Delroyd Worm Gear, Dunkermotoren GmbH, Ghiringhelli, GIRARD TRANSMISSIONS, HYDROMEC, Kahlig Antriebstechnik GmbH, BENZLERS, Lock Antriebstechnik GmbH, maxon motor, MSF-Vathauer Antriebstechnik, Rexnord Industries, LLC, Rotork plc, Siti, Stm Spa, Tsubakimoto Chain, Tulsa Winch
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Worm Gear Reducers Market Report Segments:
The global Worm Gear Reducers market is segmented on the basis of:
Types
Orthogonal, Parallel-shaft, Coaxial
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
Machine Tool, Construction Machinery, Ships
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:
- BENZLERS
- Boston Gear
- Cone Drive Operations, Inc.
- Davall Gears Limited
- Delroyd Worm Gear
- Dunkermotoren GmbH
- Ghiringhelli
- GIRARD TRANSMISSIONS
- HYDROMEC
- Kahlig Antriebstechnik GmbH
- BENZLERS
- Lock Antriebstechnik GmbH
- maxon motor
- MSF-Vathauer Antriebstechnik
- Rexnord Industries, LLC
- Rotork plc
- Siti
- Stm Spa
- Tsubakimoto Chain
- Tulsa Winch
Highlights of The Worm Gear 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:
- Orthogonal
- Parallel-shaft
- Coaxial
- By Application:
- Machine Tool
- Construction Machinery
- Ships
- 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 Worm Gear 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Worm Gear Reducers are a type of gear reducer used in worm drives. They reduce the gear ratio between the input and output gears, allowing for increased torque and speed.
Some of the major players in the worm gear reducers market are BENZLERS, Boston Gear, Cone Drive Operations, Inc., Davall Gears Limited, Delroyd Worm Gear, Dunkermotoren GmbH, Ghiringhelli, GIRARD TRANSMISSIONS, HYDROMEC, Kahlig Antriebstechnik GmbH, BENZLERS, Lock Antriebstechnik GmbH, maxon motor, MSF-Vathauer Antriebstechnik, Rexnord Industries, LLC, Rotork plc, Siti, Stm Spa, Tsubakimoto Chain, Tulsa Winch.
The worm gear reducers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Worm Gear 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 Worm Gear Reducers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Worm Gear 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 Worm Gear 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 Worm Gear Reducers Market Size & Forecast, 2018-2028
4.5.1 Worm Gear Reducers Market Size and Y-o-Y Growth
4.5.2 Worm Gear Reducers Market Absolute $ Opportunity
Chapter 5 Global Worm Gear 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 Worm Gear Reducers Market Size Forecast by Type
5.2.1 Orthogonal
5.2.2 Parallel-shaft
5.2.3 Coaxial
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Worm Gear 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 Worm Gear Reducers Market Size Forecast by Applications
6.2.1 Machine Tool
6.2.2 Construction Machinery
6.2.3 Ships
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Worm Gear 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 Worm Gear 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 Worm Gear Reducers Analysis and Forecast
9.1 Introduction
9.2 North America Worm Gear 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 Worm Gear Reducers Market Size Forecast by Type
9.6.1 Orthogonal
9.6.2 Parallel-shaft
9.6.3 Coaxial
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 Worm Gear Reducers Market Size Forecast by Applications
9.10.1 Machine Tool
9.10.2 Construction Machinery
9.10.3 Ships
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 Worm Gear Reducers Analysis and Forecast
10.1 Introduction
10.2 Europe Worm Gear 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 Worm Gear Reducers Market Size Forecast by Type
10.6.1 Orthogonal
10.6.2 Parallel-shaft
10.6.3 Coaxial
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 Worm Gear Reducers Market Size Forecast by Applications
10.10.1 Machine Tool
10.10.2 Construction Machinery
10.10.3 Ships
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 Worm Gear Reducers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Worm Gear 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 Worm Gear Reducers Market Size Forecast by Type
11.6.1 Orthogonal
11.6.2 Parallel-shaft
11.6.3 Coaxial
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 Worm Gear Reducers Market Size Forecast by Applications
11.10.1 Machine Tool
11.10.2 Construction Machinery
11.10.3 Ships
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 Worm Gear Reducers Analysis and Forecast
12.1 Introduction
12.2 Latin America Worm Gear 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 Worm Gear Reducers Market Size Forecast by Type
12.6.1 Orthogonal
12.6.2 Parallel-shaft
12.6.3 Coaxial
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 Worm Gear Reducers Market Size Forecast by Applications
12.10.1 Machine Tool
12.10.2 Construction Machinery
12.10.3 Ships
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) Worm Gear Reducers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Worm Gear 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) Worm Gear Reducers Market Size Forecast by Type
13.6.1 Orthogonal
13.6.2 Parallel-shaft
13.6.3 Coaxial
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) Worm Gear Reducers Market Size Forecast by Applications
13.10.1 Machine Tool
13.10.2 Construction Machinery
13.10.3 Ships
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 Worm Gear Reducers Market: Competitive Dashboard
14.2 Global Worm Gear Reducers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BENZLERS
14.3.2 Boston Gear
14.3.3 Cone Drive Operations, Inc.
14.3.4 Davall Gears Limited
14.3.5 Delroyd Worm Gear
14.3.6 Dunkermotoren GmbH
14.3.7 Ghiringhelli
14.3.8 GIRARD TRANSMISSIONS
14.3.9 HYDROMEC
14.3.10 Kahlig Antriebstechnik GmbH
14.3.11 BENZLERS
14.3.12 Lock Antriebstechnik GmbH
14.3.13 maxon motor
14.3.14 MSF-Vathauer Antriebstechnik
14.3.15 Rexnord Industries, LLC
14.3.16 Rotork plc
14.3.17 Siti
14.3.18 Stm Spa
14.3.19 Tsubakimoto Chain
14.3.20 Tulsa Winch
