Market Overview:
The global worm speed reducer 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 worm speed reducers in various applications such as ships, cranes, elevators, conveyors and others. Additionally, the growing industrialization and urbanization are also propelling the demand for worm speed reducers across different regions.
Product Definition:
A worm speed reducer is a gearbox used to decrease the speed of an input shaft. The importance of a worm speed reducer is that it can provide reliable torque transmission and precise control over output speeds, even under heavy loads.
Single Reduction Speed Reducers:
Single reduction speed reducers are used to reduce the speed of a gear. They are mainly used in Worm Speed Reducer (WSR) and may also be referred to as single-reduction gears or internal gears.
The major factor that propels the growth of WSR market is its extensive usage in various applications such as pumps, motors, valves & actuators, centrifugal compressors and blowers among others.
Double Worm Speed Reducers:
Doubleworm speed reducers are used to reduce the forward motion of worms in a plastic extrusion. They are installed between the drive gear and first gear, or between the second and third gears. The reduction in speed reduces friction, which results in less wear and tear of worms.
The product is manufactured using different materials such as bronze, stainless steel, nylon & polypropylene alloys & carbon fiber among others depending upon the type of application required for use.
Application Insights:
The ships, cranes and elevators application segment led the market in 2017. This is attributed to the rising demand for these machines from various industries such as marine, construction and oil & gas. The conveyors segment is expected to witness significant growth over the forecast period owing to increasing industrialization in developing countries such as India, China and Brazil. In addition, a rise in R&D activities pertaining to food processing coupled with an increase in investments by companies operating within this sector are likely to propel industry expansion over the coming years.
The others application segment includes heavy-duty machinery used across mining equipment manufacturing industries worldwide including crushing plants and mineral processing plants among others which require high reduction speeds of material being processed through them without any damage or wear caused by previous methods of reducing speed using simple friction devices only capable of handling lower speeds up till now.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., which is at the forefront, has a strong presence of worm speed reducers manufacturers and service providers. Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to increasing demand from end-use industries such as marine, construction, and transportation for efficient operations at competitive costs coupled with superior performance characteristics as compared to other conventional technologies such as gearboxes and motors.
The European region followed North America in terms of revenue share; however, it was considerably lower than that of its counterpart owing to stringent environmental regulations regarding shipbuilding activities coupled with rising labor costs associated with skilled labor force required for manufacturing reduction gearsets components for ships applications are some factors hampering growth prospects in this region.
Growth Factors:
- Increasing demand from the automotive industry for worm speed reducers as they are compact and efficient
- Growing popularity of electric vehicles, which need gearboxes to transmit power from the motor to the wheels, is expected to drive the demand for worm speed reducers over the forecast period
- Rising investments in infrastructure development projects across emerging economies is likely to create growth opportunities for worm speed reducer market during forecast period
- Growing awareness about energy efficiency and its benefits is projected to boost adoption of worm speed reducers globally
- Technological advancements in manufacturing processes are anticipated to result in reduction of overall product cost, thereby propelling growth of Worm Speed Reducer market
Scope Of The Report
Report Attributes
Report Details
Report Title
Worm Speed Reducer Market Research Report
By Type
Single Reduction Speed Reducers, Double Worm Speed Reducers, Triple Reduction Speed Reducers, Helical Worm Speed Reducers, Others
By Application
Ships, Cranes, Elevators, Conveyors, Others
By Companies
IPTS, Grove Gear, SANKYO, TWG, Regal Beloit Americas, Motovario, Tsubaki, Makishinko, Kahlig Antriebstechnik, Boston Gear, Nidec-Shimpo, HBD INDUSTRIES INC., TGB group, Altra Industrial Motion Corp, FixedStar Group., Hangzhou xingda machinery, Taiwan Gong Ji Chang, Varvel SpA, Renold, Murugappa Group, HPC Gears, WorldWide Electric
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Worm Speed Reducer Market Report Segments:
The global Worm Speed Reducer market is segmented on the basis of:
Types
Single Reduction Speed Reducers, Double Worm Speed Reducers, Triple Reduction Speed Reducers, Helical Worm Speed Reducers, Others
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
Ships, Cranes, Elevators, Conveyors, 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:
- IPTS
- Grove Gear
- SANKYO
- TWG
- Regal Beloit Americas
- Motovario
- Tsubaki
- Makishinko
- Kahlig Antriebstechnik
- Boston Gear
- Nidec-Shimpo
- HBD INDUSTRIES INC.
- TGB group
- Altra Industrial Motion Corp
- FixedStar Group.
- Hangzhou xingda machinery
- Taiwan Gong Ji Chang
- Varvel SpA
- Renold
- Murugappa Group
- HPC Gears
- WorldWide Electric
Highlights of The Worm Speed Reducer 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:
- Single Reduction Speed Reducers
- Double Worm Speed Reducers
- Triple Reduction Speed Reducers
- Helical Worm Speed Reducers
- Others
- By Application:
- Ships
- Cranes
- Elevators
- Conveyors
- 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 Worm Speed Reducer 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.
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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?
Worm Speed Reducer is a software that helps you to reduce the speed of your worms.
Some of the key players operating in the worm speed reducer market are IPTS, Grove Gear, SANKYO, TWG, Regal Beloit Americas, Motovario, Tsubaki, Makishinko, Kahlig Antriebstechnik, Boston Gear, Nidec-Shimpo, HBD INDUSTRIES INC., TGB group, Altra Industrial Motion Corp, FixedStar Group., Hangzhou xingda machinery, Taiwan Gong Ji Chang, Varvel SpA, Renold, Murugappa Group, HPC Gears, WorldWide Electric.
The worm speed reducer 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 Worm Speed Reducer 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 Speed Reducer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Worm Speed Reducer 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 Speed Reducer 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 Speed Reducer Market Size & Forecast, 2018-2028
4.5.1 Worm Speed Reducer Market Size and Y-o-Y Growth
4.5.2 Worm Speed Reducer Market Absolute $ Opportunity
Chapter 5 Global Worm Speed Reducer 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 Speed Reducer Market Size Forecast by Type
5.2.1 Single Reduction Speed Reducers
5.2.2 Double Worm Speed Reducers
5.2.3 Triple Reduction Speed Reducers
5.2.4 Helical Worm Speed Reducers
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Worm Speed Reducer 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 Speed Reducer Market Size Forecast by Applications
6.2.1 Ships
6.2.2 Cranes
6.2.3 Elevators
6.2.4 Conveyors
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Worm Speed Reducer 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 Speed Reducer 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 Speed Reducer Analysis and Forecast
9.1 Introduction
9.2 North America Worm Speed Reducer 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 Speed Reducer Market Size Forecast by Type
9.6.1 Single Reduction Speed Reducers
9.6.2 Double Worm Speed Reducers
9.6.3 Triple Reduction Speed Reducers
9.6.4 Helical Worm Speed Reducers
9.6.5 Others
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 Speed Reducer Market Size Forecast by Applications
9.10.1 Ships
9.10.2 Cranes
9.10.3 Elevators
9.10.4 Conveyors
9.10.5 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 Worm Speed Reducer Analysis and Forecast
10.1 Introduction
10.2 Europe Worm Speed Reducer 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 Speed Reducer Market Size Forecast by Type
10.6.1 Single Reduction Speed Reducers
10.6.2 Double Worm Speed Reducers
10.6.3 Triple Reduction Speed Reducers
10.6.4 Helical Worm Speed Reducers
10.6.5 Others
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 Speed Reducer Market Size Forecast by Applications
10.10.1 Ships
10.10.2 Cranes
10.10.3 Elevators
10.10.4 Conveyors
10.10.5 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 Worm Speed Reducer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Worm Speed Reducer 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 Speed Reducer Market Size Forecast by Type
11.6.1 Single Reduction Speed Reducers
11.6.2 Double Worm Speed Reducers
11.6.3 Triple Reduction Speed Reducers
11.6.4 Helical Worm Speed Reducers
11.6.5 Others
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 Speed Reducer Market Size Forecast by Applications
11.10.1 Ships
11.10.2 Cranes
11.10.3 Elevators
11.10.4 Conveyors
11.10.5 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 Worm Speed Reducer Analysis and Forecast
12.1 Introduction
12.2 Latin America Worm Speed Reducer 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 Speed Reducer Market Size Forecast by Type
12.6.1 Single Reduction Speed Reducers
12.6.2 Double Worm Speed Reducers
12.6.3 Triple Reduction Speed Reducers
12.6.4 Helical Worm Speed Reducers
12.6.5 Others
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 Speed Reducer Market Size Forecast by Applications
12.10.1 Ships
12.10.2 Cranes
12.10.3 Elevators
12.10.4 Conveyors
12.10.5 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) Worm Speed Reducer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Worm Speed Reducer 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 Speed Reducer Market Size Forecast by Type
13.6.1 Single Reduction Speed Reducers
13.6.2 Double Worm Speed Reducers
13.6.3 Triple Reduction Speed Reducers
13.6.4 Helical Worm Speed Reducers
13.6.5 Others
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 Speed Reducer Market Size Forecast by Applications
13.10.1 Ships
13.10.2 Cranes
13.10.3 Elevators
13.10.4 Conveyors
13.10.5 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 Worm Speed Reducer Market: Competitive Dashboard
14.2 Global Worm Speed Reducer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IPTS
14.3.2 Grove Gear
14.3.3 SANKYO
14.3.4 TWG
14.3.5 Regal Beloit Americas
14.3.6 Motovario
14.3.7 Tsubaki
14.3.8 Makishinko
14.3.9 Kahlig Antriebstechnik
14.3.10 Boston Gear
14.3.11 Nidec-Shimpo
14.3.12 HBD INDUSTRIES INC.
14.3.13 TGB group
14.3.14 Altra Industrial Motion Corp
14.3.15 FixedStar Group.
14.3.16 Hangzhou xingda machinery
14.3.17 Taiwan Gong Ji Chang
14.3.18 Varvel SpA
14.3.19 Renold
14.3.20 Murugappa Group
14.3.21 HPC Gears
14.3.22 WorldWide Electric
