Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 715.11 million

CAGR (2023-2028)

15.19%

Fastest Growing Segment

Automotive & Transportation

Largest Market

North America

 

Market Overview

Global Parallel Shaft Geared Motors Market has valued at USD 715.11 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 15.19% through 2028. The Parallel Shaft Geared Motors market refers to a specialized segment within the broader industrial machinery sector, focusing on the production, distribution, and utilization of geared motors designed with parallel shafts. These motors play a pivotal role in various industrial applications where controlled and precise mechanical power transmission is required. Parallel shaft geared motors are characterized by their unique design, featuring two parallel shafts connected by gears of different sizes to achieve specific speed reduction or torque multiplication objectives. This configuration makes them suitable for a wide array of applications, ranging from conveyor systems, material handling equipment, and industrial automation to automotive manufacturing, robotics, and more. Key attributes of this market include a diverse range of product offerings, including helical, bevel, and worm gears, each tailored to meet specific industrial requirements. The market is influenced by factors such as energy efficiency regulations, technological advancements, and the increasing demand for automation and sustainability in various industries. Manufacturers and suppliers within the Parallel Shaft Geared Motors market continually innovate to enhance product performance, energy efficiency, and adaptability to cater to the evolving needs of industries worldwide.

Key Market Drivers

Industrial Automation and Robotics

In recent years, industrial automation and robotics have witnessed exponential growth, and this trend is a significant driver of the global Parallel Shaft Geared Motors market. As industries across the world increasingly adopt automation to enhance efficiency and reduce operational costs, the demand for high-performance geared motors, specifically parallel shaft geared motors, has surged. Industrial robots, conveyor systems, and various automated machinery require precise control over motion, which is achieved through geared motors. Parallel shaft geared motors are particularly suitable for applications where space is limited and torque needs to be efficiently transmitted. These motors play a pivotal role in the functioning of automated equipment, ensuring seamless, reliable, and controlled movement. The growing popularity of Industry 4.0, characterized by the integration of IoT, AI, and data analytics into manufacturing processes, has further accelerated the demand for parallel shaft geared motors. These motors enable precise synchronization and control, essential for smart factories and advanced automation solutions. As a result, the global market for parallel shaft geared motors is expected to continue expanding in line with the increasing adoption of automation and robotics in industries ranging from automotive to electronics.

Energy Efficiency and Environmental Sustainability

Sustainability concerns and stringent regulations on energy efficiency have become key drivers for the global Parallel Shaft Geared Motors market. As industries strive to reduce their carbon footprint and energy consumption, the choice of motor technology becomes critical. Parallel shaft geared motors, known for their high efficiency in power transmission, have gained favor among environmentally conscious organizations. These motors boast impressive efficiency levels, often exceeding 90%. This high efficiency translates to lower energy consumption and reduced greenhouse gas emissions, aligning with global efforts to combat climate change. Industries that rely heavily on electric motors, such as manufacturing, are increasingly replacing outdated, less efficient motors with parallel shaft geared motors to reduce their energy bills and environmental impact. Furthermore, many governments worldwide are introducing energy efficiency standards and incentives, encouraging industrial facilities to adopt energy-efficient technologies like parallel shaft geared motors. These regulatory measures are expected to further boost the market's growth, as companies look to comply with sustainability mandates and reap the cost-saving benefits of energy-efficient motors.

Increasing Demand in Material Handling

The material handling industry is a vital driver of the global Parallel Shaft Geared Motors market. Material handling encompasses the movement, control, and protection of materials within manufacturing and distribution facilities. This industry relies heavily on conveyor systems, elevators, and automated storage and retrieval systems, all of which depend on geared motors to facilitate smooth and precise movement. Parallel shaft geared motors are especially suited for material handling applications due to their compact design and high torque capabilities. They ensure the reliable transportation of goods within warehouses, distribution centers, and manufacturing plants. As e-commerce continues to flourish, the demand for efficient material handling systems has skyrocketed, further fueling the need for parallel shaft geared motors. In addition to e-commerce, industries like automotive, food and beverage, and pharmaceuticals are also experiencing growth, leading to increased requirements for material handling equipment. Consequently, the Parallel Shaft Geared Motors market is expected to witness steady expansion as it becomes an integral part of modern material handling solutions.

Automotive Industry Advancements

The automotive industry plays a pivotal role in driving the global Parallel Shaft Geared Motors market. As automotive manufacturers continuously innovate and develop electric vehicles (EVs) and hybrid vehicles, there is a growing need for compact, high-torque motors to power various components such as power windows, sunroofs, and windshield wipers. Parallel shaft geared motors find extensive applications in the automotive sector, offering the necessary torque and precise control required for these auxiliary systems. Moreover, the transition towards electric powertrains in vehicles, including electric cars and hybrid vehicles, has led to a surge in demand for geared motors for transmission and power management. EVs, in particular, heavily rely on geared motors for functions like regenerative braking and automatic transmission. As the automotive industry continues its shift towards electrification and automation, the Parallel Shaft Geared Motors market is set to grow significantly in tandem.

Expanding Construction and Infrastructure Projects

The construction and infrastructure sector is another major driver of the global Parallel Shaft Geared Motors market. These industries involve a wide range of applications where geared motors are indispensable, from cranes and hoists to conveyor belts and concrete mixers. The demand for construction and infrastructure projects has been on the rise, driven by urbanization, population growth, and the need for modern infrastructure. Consequently, the demand for geared motors to power heavy machinery and equipment has also surged. Parallel shaft geared motors are particularly suited for construction applications due to their durability, high torque capabilities, and compact design. They ensure the reliable and efficient operation of equipment used in building bridges, skyscrapers, roads, and other critical infrastructure.

Technological Advancements in Motor Design

Advancements in motor design and technology are propelling the global Parallel Shaft Geared Motors market forward. Motor manufacturers are continually innovating to create more compact, efficient, and reliable motors that meet the evolving needs of various industries. Modern materials, such as high-strength alloys and advanced composites, are being employed to enhance the performance and durability of geared motors. Additionally, the integration of smart features, such as sensors and connectivity options, is making parallel shaft geared motors more adaptable to Industry 4.0 and IoT applications. These technological advancements are not only improving the performance of geared motors but also extending their lifespan and reducing maintenance requirements. As a result, industries are more inclined to invest in parallel shaft geared motors for long-term cost savings and operational efficiency.

In conclusion, the global Parallel Shaft Geared Motors market is being driven by a combination of factors, including the increasing adoption of industrial automation and robotics, sustainability concerns, the material handling industry's growth, advancements in the automotive sector, expanding construction and infrastructure projects, and ongoing technological innovations. These drivers collectively contribute to the market's expansion as it continues to play a crucial role in powering various industrial applications worldwide.

Government Policies are Likely to Propel the Market

Energy Efficiency Standards and Incentives

Energy efficiency policies and incentives are crucial drivers of the global Parallel Shaft Geared Motors market. Governments worldwide recognize the importance of reducing energy consumption in industries to mitigate climate change and promote sustainable development. To achieve these goals, they have implemented various policies aimed at encouraging the adoption of energy-efficient technologies, including geared motors. One common policy is the establishment of energy efficiency standards for electric motors, including parallel shaft geared motors. These standards set minimum efficiency requirements that motors must meet to be sold in the market. Manufacturers must ensure that their products meet or exceed these standards to remain competitive and compliant with the law. Governments also offer financial incentives, such as tax credits or rebates, to businesses and industries that invest in energy-efficient equipment like parallel shaft geared motors. These incentives help offset the initial cost of purchasing energy-efficient motors and encourage companies to prioritize sustainability in their operations. These policies not only drive the adoption of energy-efficient parallel shaft geared motors but also contribute to energy savings, lower greenhouse gas emissions, and reduced operating costs for businesses.

Trade Tariffs and Import Restrictions

Trade tariffs and import restrictions imposed by governments can significantly impact the global Parallel Shaft Geared Motors market. These policies can either stimulate domestic manufacturing or hinder the international trade of geared motors. In some cases, governments may impose tariffs on the import of parallel shaft geared motors to protect domestic manufacturers. These tariffs make imported motors more expensive, giving local manufacturers a competitive advantage. This policy aims to boost domestic production, create jobs, and support the growth of the domestic motor industry. Conversely, governments may implement free trade agreements and reduce tariffs to encourage the import and use of high-quality parallel shaft geared motors. By facilitating the flow of international goods, governments can ensure that industries have access to the latest technology and products at competitive prices. The impact of trade tariffs and import restrictions on the global Parallel Shaft Geared Motors market depends on the trade policies of individual countries and regions. Manufacturers and distributors in the market must stay informed about trade regulations and adapt their strategies accordingly.

Environmental Regulations and Emissions Standards

Environmental regulations and emissions standards play a critical role in shaping the global Parallel Shaft Geared Motors market. Governments are increasingly focused on reducing environmental pollution and limiting emissions from industrial processes. Geared motors are an integral part of many industrial applications, and their energy consumption and emissions are subject to regulatory scrutiny. Governments may impose emissions limits and environmental regulations that affect the types of motors that can be used in certain applications. For example, in environmentally sensitive areas or industries, parallel shaft geared motors with high energy efficiency and low emissions may be mandated. Additionally, governments may require companies to report their energy usage and emissions data, promoting transparency and accountability. This information can drive industries to adopt energy-efficient parallel shaft geared motors to meet regulatory requirements and reduce their environmental impact. Furthermore, governments may offer incentives, such as tax breaks or grants, to businesses that voluntarily adopt eco-friendly technologies, including energy-efficient motors. These policies encourage companies to invest in parallel shaft geared motors that align with sustainability goals.

Safety and Quality Standards

Government policies related to safety and quality standards are essential for ensuring the reliability and performance of parallel shaft geared motors. These standards aim to protect consumers, workers, and industries from accidents, equipment failures, and substandard products. Governments often establish and enforce safety standards that motors must meet to be used in specific applications. For example, motors used in hazardous environments must adhere to strict safety regulations to prevent explosions or other dangerous incidents. These standards ensure that parallel shaft geared motors are designed and manufactured with safety in mind. Quality standards, on the other hand, focus on the overall performance and durability of motors. Governments may require manufacturers to obtain certifications such as ISO 9001 to demonstrate that their production processes meet high-quality standards. This assures buyers that the motors they purchase are reliable and meet their specifications. Government policies related to safety and quality standards provide confidence to industries that rely on parallel shaft geared motors. They also help prevent substandard or unsafe motors from entering the market, ensuring the safety and efficiency of industrial processes.

Research and Development Grants

Government policies supporting research and development (R&D) grants can have a significant impact on the global Parallel Shaft Geared Motors market. R&D grants are incentives provided by governments to encourage businesses and institutions to invest in innovative technologies and processes, including the development of advanced geared motors. These grants can support motor manufacturers in their efforts to create more efficient, compact, and technologically advanced parallel shaft geared motors. By providing financial assistance for R&D activities, governments stimulate innovation within the industry. Governments often prioritize R&D in areas that align with national goals, such as sustainability, energy efficiency, and industrial competitiveness. Parallel shaft geared motors are integral to these objectives, making them eligible for R&D funding. Additionally, R&D grants can foster collaboration between manufacturers, research institutions, and universities, leading to the creation of cutting-edge motor technologies. This collaborative approach can drive the industry forward and position it at the forefront of global competitiveness.

Export Promotion and Trade Agreements

Government policies promoting exports and international trade agreements play a vital role in shaping the global Parallel Shaft Geared Motors market. These policies aim to boost the international presence of domestic manufacturers and facilitate the export of their products, including geared motors. Governments often establish export promotion agencies and offer financial incentives to support businesses in expanding their global reach. These incentives can include grants, subsidies, and trade missions to foreign markets, helping manufacturers connect with potential buyers and partners. Furthermore, trade agreements negotiated between countries or regions can reduce trade barriers and tariffs, making it easier for parallel shaft geared motor manufacturers to access international markets. These agreements promote fair trade and open up opportunities for businesses to compete on a global scale. Government policies that prioritize export promotion and international trade agreements can have a profound impact on the growth and competitiveness of the global Parallel Shaft Geared Motors market. Manufacturers that leverage these policies can expand their customer base and drive increased demand for their products on a global scale.

In conclusion, government policies related to energy efficiency standards, trade tariffs, environmental regulations, safety and quality standards, research and development grants, and export promotion and trade agreements all have a significant influence on the global Parallel Shaft Geared Motors market. These policies shape the market's dynamics, drive innovation, and impact the competitiveness of manufacturers and industries worldwide. Staying informed about these policies is crucial for businesses operating in the parallel shaft geared motors industry to navigate the regulatory landscape effectively.


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Key Market Challenges

Increasing Competition and Market Saturation

One significant challenge confronting the global Parallel Shaft Geared Motors market is the intensifying competition and market saturation. As the demand for geared motors, including parallel shaft geared motors, continues to grow due to their widespread applications in various industries, an increasing number of manufacturers have entered the market. While this competition can stimulate innovation and drive product quality improvements, it also poses challenges for existing players and newcomers alike.

Price Competition: With more manufacturers vying for market share, there is a growing tendency for price competition. Companies often reduce their prices to attract customers, which can lead to thinner profit margins. This price-driven competition can make it challenging for manufacturers to invest in research and development, maintain product quality, and ensure customer support.

Market Saturation: The Parallel Shaft Geared Motors market is reaching a point of saturation in some regions and industries. In mature markets, such as manufacturing and automation, many businesses have already adopted geared motor solutions. This limits the scope for rapid growth within these sectors, and manufacturers must seek new applications and markets to expand their customer base.

Product Differentiation: To stand out in a crowded market, manufacturers face the challenge of creating unique selling propositions for their products. This requires continuous innovation, such as designing geared motors with advanced features, improved energy efficiency, or increased durability. However, developing and marketing differentiated products can be resource-intensive.

Global Supply Chain Constraints: The COVID-19 pandemic highlighted the vulnerabilities of global supply chains. Interruptions in the supply of raw materials, components, and electronic chips can disrupt production and lead to delays in delivering geared motors to customers. Manufacturers must navigate these supply chain challenges to maintain consistent product availability.

Consolidation: In response to market pressures and competition, some manufacturers may consider mergers and acquisitions to consolidate their positions or gain access to new markets. While this can create stronger, more diversified companies, it can also reduce the number of independent players in the market, potentially limiting customer choices.

To address these challenges, manufacturers in the global Parallel Shaft Geared Motors market must focus on innovation, product differentiation, and strategic expansion into emerging markets. They should also prioritize maintaining high product quality and exploring opportunities for collaboration and partnerships to enhance their competitive edge.

Technological Advancements and Rapid Obsolescence

Another significant challenge facing the global Parallel Shaft Geared Motors market is the rapid pace of technological advancements and the consequent risk of product obsolescence. In today's dynamic industrial landscape, technological innovation is a double-edged sword—it drives progress but also necessitates constant adaptation and investment to stay relevant.

Shortened Product Lifecycles: Technological advancements lead to shorter product lifecycles in the geared motors industry. New, more efficient, and technologically advanced motor designs emerge regularly, rendering older models obsolete. This poses challenges for manufacturers in terms of managing inventory, supporting legacy products, and transitioning customers to newer solutions.

Compatibility Issues: The introduction of advanced technologies in parallel shaft geared motors, such as IoT integration, smart sensors, and connectivity, may create compatibility issues with existing infrastructure and control systems. Customers often face the dilemma of choosing between upgrading their entire system or attempting to integrate new technologies with older components.

Cost of Innovation: Developing and implementing cutting-edge technologies in geared motors requires substantial investments in research, development, and testing. Manufacturers must balance the cost of innovation with the potential return on investment. The risk of investing in technology that may not gain widespread adoption is a constant concern.

Skills Gap: As technology advances, manufacturers may face a skills gap within their workforce. Employees may require training and upskilling to operate and maintain new, technologically advanced geared motors. Bridging this skills gap is essential to ensure the efficient operation of equipment.

Sustainability and Regulatory Compliance: Evolving environmental regulations and sustainability goals drive the development of energy-efficient geared motors. Manufacturers must stay abreast of changing regulatory requirements and invest in sustainable technologies to meet these demands while remaining competitive.

To address the challenges posed by technological advancements and rapid obsolescence, manufacturers in the Parallel Shaft Geared Motors market must adopt agile product development strategies. This includes investing in research and development, maintaining open lines of communication with customers to understand their evolving needs, and offering upgrade paths for existing equipment to extend its lifespan. Additionally, fostering a culture of innovation and continuous learning within the organization can help manufacturers stay ahead in the rapidly evolving landscape of geared motor technology.

Segmental Insights

Stage Insights

The 3-stage segment had the largest market share in 2022 & expected to maintain it in the forecast period. 3-stage geared motors typically offer a higher reduction ratio compared to 2-stage motors. This means they can provide greater torque output, making them suitable for applications that require substantial force or load handling. In applications where precise control of speed and torque is crucial, 3-stage geared motors can offer finer control due to their multi-stage design. This makes them valuable in industries like robotics, where precision is paramount. While they offer higher reduction ratios, 3-stage geared motors can still maintain a relatively compact design, making them suitable for applications with space constraints. 3-stage geared motors are versatile and can be adapted to a wide range of applications across different industries, including manufacturing, material handling, and automation. Modern 3-stage geared motors are often designed for high efficiency, reducing energy consumption and operating costs. This can be a crucial factor in energy-conscious industries.

Application Insights

The Energy Industry segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. The energy industry encompasses a wide range of applications, including power generation, transmission, and distribution. Parallel Shaft Geared Motors are versatile and can be used in various aspects of these applications. For example, they can be used in conveyor systems for coal handling in power plants, in the rotation of wind turbine blades, or in controlling the flow of fluids in oil and gas operations. The energy industry places a high value on efficiency and reliability. Parallel Shaft Geared Motors are known for their precision, reliability, and the ability to deliver consistent performance over extended periods. This makes them well-suited for critical applications within the energy sector. Many processes within the energy industry involve heavy loads and high torque requirements. Parallel Shaft Geared Motors are capable of providing the necessary torque, making them an ideal choice for tasks such as moving materials or controlling valves and dampers. As the energy industry adopts more automation and smart technologies, geared motors play a crucial role in ensuring precise and controlled movements in various automated systems, contributing to the overall efficiency of energy generation and distribution. Parallel Shaft Geared Motors can be adapted to a range of environmental conditions, including extreme temperatures and harsh operating environments, which are often encountered in the energy sector. With a growing emphasis on energy efficiency and sustainability, the energy industry is constantly seeking ways to reduce energy consumption. Parallel Shaft Geared Motors with high efficiency ratings align with these initiatives and can help reduce energy costs.


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Regional Insights

North America:

North America had the largest market for parallel shaft geared motors in 2022. The growth of the market in this region is driven by the presence of a large number of end-user industries, such as food and beverage, oil and gas, and automotive. The United States is the largest market for parallel shaft geared motors in North America, followed by Canada.

Europe:

Europe had the second-largest market for parallel shaft geared motors in 2022. The growth of the market in this region is driven by the increasing demand for parallel shaft geared motors in the automotive and machinery industries. Germany is the largest market for parallel shaft geared motors in Europe, followed by France and Italy.

Asia Pacific:

The Asia Pacific market is expected to grow at the fastest CAGR during the forecast period, driven by the increasing demand for parallel shaft geared motors in the food and beverage, oil and gas, and machinery industries. China is the largest market for parallel shaft geared motors in the Asia Pacific, followed by India and Japan.

Recent Developments

  • In March 2023, Siemens announced that it would invest USD 107.89 million in its manufacturing facility in Amberg, Germany. The investment will be used to expand the production capacity of parallel shaft geared motors.
  • In February 2023, SEW-Eurodrive announced that it would invest USD 53.92 million in its manufacturing facility in Wassertrüdingen, Germany. The investment will be used to expand the production capacity of parallel shaft geared motors and to develop new products.
  • In January 2023, Nord announced that it would invest USD 32.35 million in its manufacturing facility in Bargteheide, Germany. The investment will be used to expand the production capacity of parallel shaft geared motors and to develop new products.
  • In December 2022, Bosch Rexroth announced that it would invest USD 10 million in its manufacturing facility in Fort Wayne, Indiana. The investment will be used to expand the production capacity of parallel shaft geared motors.
  • In November 2022, Emerson announced that it would invest USD 5 million in its manufacturing facility in Pune, India. The investment will be used to expand the production capacity of parallel shaft geared motors.

Key Market Players

  • Siemens AG
  • SEW-EURODRIVE GmbH & Co KG
  • NORD Drivesystems
  • Bosch Rexroth AG
  • Emerson Electric Co.
  • ABB Ltd
  • Sumitomo Heavy Industries Ltd
  • Bonfiglioli S.p.A.
  • Regal Rexnord Corporation
  • WEG S.A.

By Shaft Type

By Stage

By Application

By Region

  • Solid Shaft
  • Splined Hollow Shaft
  • Hollow Shaft with Shrink Disc
  • 2-stage
  • 3-stage
  • Others
  • Energy Industry
  • Food and Beverages
  • Automotive & Transportation
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Parallel Shaft Geared Motors Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Parallel Shaft Geared Motors Market, By Shaft Type:

o   Solid Shaft

o   Splined Hollow Shaft

o   Hollow Shaft with Shrink Disc  

  • Parallel Shaft Geared Motors Market, By Stage:

o   2-stage

o   3-stage

o   Others

  • Parallel Shaft Geared Motors Market, By Application:

o   Energy Industry

o   Food and Beverages

o   Automotive & Transportation

o   Others  

  • Parallel Shaft Geared Motors Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Parallel Shaft Geared Motors Market.

Available Customizations:

Global Parallel Shaft Geared Motors market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Parallel Shaft Geared Motors Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Global Parallel Shaft Geared Motors Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Shaft Type (Solid Shaft, Splined Hollow Shaft, and Hollow Shaft with Shrink Disc),

5.2.2.    By Stage (2-stage, 3-stage, and Other Stages)

5.2.3.    By Application (Energy Industry, Food and Beverages, Automotive & Transportation, Others)

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map

6.    North America Parallel Shaft Geared Motors Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Shaft Type

6.2.2.    By Stage

6.2.3.    By Application

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Parallel Shaft Geared Motors Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Shaft Type

6.3.1.2.2.           By Stage

6.3.1.2.3.           By Application

6.3.2.    Canada Parallel Shaft Geared Motors Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Shaft Type

6.3.2.2.2.           By Stage

6.3.2.2.3.           By Application

6.3.3.    Mexico Parallel Shaft Geared Motors Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Shaft Type

6.3.3.2.2.           By Stage

6.3.3.2.3.           By Application

7.    Europe Parallel Shaft Geared Motors Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Shaft Type

7.2.2.    By Stage

7.2.3.    By Application

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Parallel Shaft Geared Motors Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Shaft Type

7.3.1.2.2.           By Stage

7.3.1.2.3.           By Application

7.3.2.    United Kingdom Parallel Shaft Geared Motors Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Shaft Type

7.3.2.2.2.           By Stage

7.3.2.2.3.           By Application

7.3.3.    Italy Parallel Shaft Geared Motors Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Shaft Type

7.3.3.2.2.           By Stage

7.3.3.2.3.           By Application

7.3.4.    France Parallel Shaft Geared Motors Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Shaft Type

7.3.4.2.2.           By Stage

7.3.4.2.3.           By Application

7.3.5.    Spain Parallel Shaft Geared Motors Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Shaft Type

7.3.5.2.2.       By Stage

7.3.5.2.3.           By Application

8.    Asia-Pacific Parallel Shaft Geared Motors Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Shaft Type

8.2.2.    By Stage

8.2.3.    By Application

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Parallel Shaft Geared Motors Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Shaft Type

8.3.1.2.2.           By Stage

8.3.1.2.3.           By Application

8.3.2.    India Parallel Shaft Geared Motors Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Shaft Type

8.3.2.2.2.           By Stage

8.3.2.2.3.           By Application

8.3.3.    Japan Parallel Shaft Geared Motors Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Shaft Type

8.3.3.2.2.           By Stage

8.3.3.2.3.           By Application

8.3.4.    South Korea Parallel Shaft Geared Motors Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Shaft Type

8.3.4.2.2.           By Stage

8.3.4.2.3.           By Application

8.3.5.    Australia Parallel Shaft Geared Motors Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Shaft Type

8.3.5.2.2.           By Stage

8.3.5.2.3.           By Application

9.    South America Parallel Shaft Geared Motors Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Shaft Type

9.2.2.    By Stage

9.2.3.    By Application

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Parallel Shaft Geared Motors Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Shaft Type

9.3.1.2.2.           By Stage

9.3.1.2.3.           By Application

9.3.2.    Argentina Parallel Shaft Geared Motors Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Shaft Type

9.3.2.2.2.           By Stage

9.3.2.2.3.           By Application

9.3.3.    Colombia Parallel Shaft Geared Motors Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Shaft Type

9.3.3.2.2.           By Stage

9.3.3.2.3.           By Application

10. Middle East and Africa Parallel Shaft Geared Motors Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Shaft Type

10.2.2. By Stage

10.2.3. By Application

10.2.4. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Parallel Shaft Geared Motors Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Shaft Type

10.3.1.2.2.         By Stage

10.3.1.2.3.         By Application

10.3.2. Saudi Arabia Parallel Shaft Geared Motors Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Shaft Type

10.3.2.2.2.         By Stage

10.3.2.2.3.         By Application

10.3.3. UAE Parallel Shaft Geared Motors Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Shaft Type

10.3.3.2.2.         By Stage

10.3.3.2.3.         By Application

10.3.4. Kuwait Parallel Shaft Geared Motors Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Shaft Type

10.3.4.2.2.         By Stage

10.3.4.2.3.         By Application

10.3.5. Turkey Parallel Shaft Geared Motors Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Shaft Type

10.3.5.2.2.         By Stage

10.3.5.2.3.         By Application

11. Market Dynamics

12. Market Trends & Developments

13. Competitive Landscape

13.1.             Business Overview

13.2.             Application Offerings

13.3.             Recent Developments

13.4.             Key Personnel

13.4.1. Siemens AG

13.4.2. SEW-EURODRIVE GmbH & Co KG

13.4.3. NORD Drivesystems

13.4.4. Bosch Rexroth AG

13.4.5. Emerson Electric Co.

13.4.6. ABB Ltd

13.4.7. Sumitomo Heavy Industries Ltd

13.4.8. Bonfiglioli S.p.A.

13.4.9. Regal Rexnord Corporation

13.4.10.  WEG S.A.

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Parallel Shaft Geared Motors Market was USD 715.11 million in 2022.

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The 3-stage segment had the largest market share in 2022 & expected to maintain it in the forecast period. 3-stage geared motors typically offer a higher reduction ratio compared to 2-stage motors. This means they can provide greater torque output, making them suitable for applications that require substantial force or load handling.

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The Energy Industry segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. The energy industry encompasses a wide range of applications, including power generation, transmission, and distribution. Parallel Shaft Geared Motors are versatile and can be used in various aspects of these applications. For example, they can be used in conveyor systems for coal handling in power plants, in the rotation of wind turbine blades, or in controlling the flow of fluids in oil and gas operations.

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Increasing demand for parallel shaft geared motors in various industries like Automotive and Food and beverage are the major drivers of the Global Parallel Shaft Geared Motors Market.

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Parvati Sharma

Account Manager BD
Press Release

Parallel Shaft Geared Motors Market to Grow with a CAGR of 15.19% through 2028

Sep, 2023

Increasing demand for parallel shaft geared motors in various industries like Automotive and Food and beverage are likely to drive the market in the forecast period.