Market Overview:
The global speed 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 speed reducers in various industrial applications, such as food industry, mining industry, construction industry and others. Gear reducer is the most commonly used type of speed reducer and is expected to dominate the market during the forecast period. Asia Pacific is expected to be fastest growing region for global speed reducers market during 2018-2030 owing to rapid industrialization and growth in manufacturing sector in this region.
Product Definition:
A speed reducer is a device which reduces the speed of an input shaft by a specific ratio. Speed reducers are used in many applications to slow down the output shaft speed while maintaining or increasing torque. This is important in many machines and systems where precise control over output shaft speed is critical.
Gear reducer:
A gear reducer is a device used to reduce the speed of a machine. It can be either mechanical or electrical in nature and works on the principle of reduction of area ratio around some central point. The faster the rotating part, i.e., sprocket,the more number of reducers are required to slow it down so that it matches the pace with which other parts are rotating.
Worm wheel reducer:
The global market for speed reducers is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for high-speed reduction in applications such as aerospace, automotive and industrial machinery.
Worm wheel reducer are used in speed reducers which are generally located at the rear end of vehicles.
Application Insights:
The construction industry accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The industry requires gears and other fasteners of various sizes, which generally complicates the process of assembling a building structure. With speed reducers, it becomes easy to change speeds from slowest possible while driving a nail or bolt into wood or concrete to fastest possible when fully driven. This will help contractors with improved productivity while reducing labor costs as well as increasing safety standards on site.
The industrial segment is anticipated to witness significant growth over the forecast period owing to rising demand for reduction gearboxes in several industries such as food processing & packaging machinery; mining; chemical & petrochemical industries; pulp & paper mills; civil engineering (roads/bridges); marine (ships) and others such as automotive assembly lines and heavy equipment manufacturing plants among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments in various sectors, such as construction, manufacturing, and food processing & packaging. Moreover, growing population and rising living standards have resulted in increased industrial activities across this region. These factors are anticipated to drive regional product demand over the forecast period.
The European market for speed reducers was valued at USD X million in 2017 owing to presence of major automotive manufacturers such as Daimler AG; ZF Friedrichshafen AG; Mercedes-Benz Atego LLC; BMW Group GmbH; Fiat Chrysler Automobiles N.V.; Volkswagen Group IAA); Ford Motor Company Europe S.A.
Growth Factors:
- Increasing demand for speed reducers in the automotive and industrial sectors
- Growing awareness about the benefits of using speed reducers
- Rising adoption of automated systems in various industries
- Technological advancements in the design and manufacturing of speed reducers
- Growing demand for energy-efficient and environment-friendly products
Scope Of The Report
Report Attributes
Report Details
Report Title
Speed Reducers Market Research Report
By Type
Gear reducer, Worm wheel reducer, Planetary gears, Cycloid reducer, Harmonic drive
By Application
Industrial industry, Food industry, Mining industry, Construction industry, Other
By Companies
Sew eurodrive, Siemens Flender, Nabtesco, Guomao, Sumitomo Heavy Industries, Jiangsu Tailong, Nidec Shimpo, Jiangsu Taixing, Altra Industrial Motion, ABB Baldor, Winsmith, Zhongda Leader, Zhenkang Welding Electromachinery, Leaderdrive
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Speed Reducers Market Report Segments:
The global Speed Reducers market is segmented on the basis of:
Types
Gear reducer, Worm wheel reducer, Planetary gears, Cycloid reducer, Harmonic drive
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
Industrial industry, Food industry, Mining industry, Construction industry, Other
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:
- Sew eurodrive
- Siemens Flender
- Nabtesco
- Guomao
- Sumitomo Heavy Industries
- Jiangsu Tailong
- Nidec Shimpo
- Jiangsu Taixing
- Altra Industrial Motion
- ABB Baldor
- Winsmith
- Zhongda Leader
- Zhenkang Welding Electromachinery
- Leaderdrive
Highlights of The 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:
- Gear reducer
- Worm wheel reducer
- Planetary gears
- Cycloid reducer
- Harmonic drive
- By Application:
- Industrial industry
- Food industry
- Mining industry
- Construction industry
- Other
- 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 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
- 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?
Speed reducers are a type of traffic control device that can help reduce the amount of time it takes for vehicles to travel through an intersection. Speed reducers may be installed at intersections, on highways, or in other areas where traffic congestion is common.
Some of the major players in the speed reducers market are Sew eurodrive, Siemens Flender, Nabtesco, Guomao, Sumitomo Heavy Industries, Jiangsu Tailong, Nidec Shimpo, Jiangsu Taixing, Altra Industrial Motion, ABB Baldor, Winsmith, Zhongda Leader, Zhenkang Welding Electromachinery, Leaderdrive.
The speed reducers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Speed Reducers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Speed Reducers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Speed Reducers Market - Supply Chain
4.5. Global Speed Reducers Market Forecast
4.5.1. Speed Reducers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Speed Reducers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Speed Reducers Market Absolute $ Opportunity
5. Global Speed Reducers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Speed Reducers Market Size and Volume Forecast by Type
5.3.1. Gear reducer
5.3.2. Worm wheel reducer
5.3.3. Planetary gears
5.3.4. Cycloid reducer
5.3.5. Harmonic drive
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Speed Reducers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Speed Reducers Market Size and Volume Forecast by Application
6.3.1. Industrial industry
6.3.2. Food industry
6.3.3. Mining industry
6.3.4. Construction industry
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Speed Reducers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Speed Reducers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Speed Reducers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Speed Reducers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Speed Reducers Demand Share Forecast, 2019-2026
9. North America Speed Reducers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Speed Reducers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Speed Reducers Market Size and Volume Forecast by Application
9.4.1. Industrial industry
9.4.2. Food industry
9.4.3. Mining industry
9.4.4. Construction industry
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Speed Reducers Market Size and Volume Forecast by Type
9.7.1. Gear reducer
9.7.2. Worm wheel reducer
9.7.3. Planetary gears
9.7.4. Cycloid reducer
9.7.5. Harmonic drive
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Speed Reducers Demand Share Forecast, 2019-2026
10. Latin America Speed Reducers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Speed Reducers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Speed Reducers Market Size and Volume Forecast by Application
10.4.1. Industrial industry
10.4.2. Food industry
10.4.3. Mining industry
10.4.4. Construction industry
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Speed Reducers Market Size and Volume Forecast by Type
10.7.1. Gear reducer
10.7.2. Worm wheel reducer
10.7.3. Planetary gears
10.7.4. Cycloid reducer
10.7.5. Harmonic drive
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Speed Reducers Demand Share Forecast, 2019-2026
11. Europe Speed Reducers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Speed Reducers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Speed Reducers Market Size and Volume Forecast by Application
11.4.1. Industrial industry
11.4.2. Food industry
11.4.3. Mining industry
11.4.4. Construction industry
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Speed Reducers Market Size and Volume Forecast by Type
11.7.1. Gear reducer
11.7.2. Worm wheel reducer
11.7.3. Planetary gears
11.7.4. Cycloid reducer
11.7.5. Harmonic drive
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Speed Reducers Demand Share, 2019-2026
12. Asia Pacific Speed Reducers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Speed Reducers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Speed Reducers Market Size and Volume Forecast by Application
12.4.1. Industrial industry
12.4.2. Food industry
12.4.3. Mining industry
12.4.4. Construction industry
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Speed Reducers Market Size and Volume Forecast by Type
12.7.1. Gear reducer
12.7.2. Worm wheel reducer
12.7.3. Planetary gears
12.7.4. Cycloid reducer
12.7.5. Harmonic drive
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Speed Reducers Demand Share, 2019-2026
13. Middle East & Africa Speed Reducers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Speed Reducers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Speed Reducers Market Size and Volume Forecast by Application
13.4.1. Industrial industry
13.4.2. Food industry
13.4.3. Mining industry
13.4.4. Construction industry
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Speed Reducers Market Size and Volume Forecast by Type
13.7.1. Gear reducer
13.7.2. Worm wheel reducer
13.7.3. Planetary gears
13.7.4. Cycloid reducer
13.7.5. Harmonic drive
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Speed Reducers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Speed Reducers Market: Market Share Analysis
14.2. Speed Reducers Distributors and Customers
14.3. Speed Reducers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sew eurodrive
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens Flender
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nabtesco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Guomao
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo Heavy Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jiangsu Tailong
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nidec Shimpo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jiangsu Taixing
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Altra Industrial Motion
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ABB Baldor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Winsmith
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zhongda Leader
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhenkang Welding Electromachinery
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Leaderdrive
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook