The India Worm Gear Reducers Market is expected to
increase during the forecast period owing to the increasing demand for
escalators and elevators, rising mining and the automotive industry. Furthermore,
the rising number of investments aimed at furthering various sectors, such as
wind power and other sources of renewable power generation are likely to
positively affect the growth within the India Worm Gear Reducers during the
forecast period. The market growth might be restricted due to the disadvantages
such as lubrication leakage, overheating, high friction, and axial stresses.
Worm gear reducers is
a right-angle speed reducer which consists of a worm pinion input and output
worm gear. This type of gear box is generally used to control motor speed and
produces a low-speed output with higher torque. Worm gear reducers offers
several advantages over other types including lower costs and high
shock-loading tolerances.
Increasing demand for escalators and
elevators
India is the second-largest market in the
world for elevators and escalators as a result of significant reasons such as growing
urbanization, the growth of the real estate sector, and the construction of
multi-story residential and commercial buildings throughout the country. India
also has over 100 tier-2 cities and these cities are growing owing to
government support for infrastructural initiatives such as smart cities. These
cities are developing advanced infrastructures such as apartment buildings,
hospitals, office buildings, malls, and many more. For the ease of the
customers and to provide a more eminent foundation, these new infrastructures
do need intelligent and effective elevators.
Moreover, owing to the fact that worm gear
reducers are often used in the construction of lifts and elevators because of
their ability to control load speed and avoid free-fall and when the conveyor
system is not utilized, worm gear-based systems will simply lock up rather than
move in the other direction due to the fact that they only rotate in a single
direction. Therefore, with the rise in demand for elevators and escalators
across the nation, the demand for worm gear reducers also increases gradually.
Growing Automotive Industry
The development of the market has been
influenced favourably by the automobile sector in India and the country's
economic situation. The automotive industry has expanded significantly over the
past few years as a result of several key factors, including rising income
levels, rising vehicle penetration, expanding R&D hubs, and government
programs such as the Youngest Nation and Atmanirbhar Bharat Abhiyaan, which
have increased consumer demand for privately owned cars and thus fuelled the
market's expansion. Worm gear reducer sales are also predicted to rise
consistently during the forecast period as a result of its widespread use in
applications that lower speed and regulate vehicle torque.
Increasing Mining Industry
Owing to increasing infrastructural
development and automotive production, India's mining industry is one of the
nation's key industries. The sectors' expansion is also aided by the cement and
power industries. Given the industry's strong growth prospects for both
residential and commercial construction, which also drives the market's
expansion, demand for iron and steel is expected to remain high. Furthermore,
when mounted and oiled correctly, worm gear reducers are known to operate
silently and smoothly. Owing to these characteristics, typical worm gear
reducers are employed in mining equipment. As a result, worm gear reducer
demand is increasing consistently along with the mining industry.
Download Free Sample Report
Market Segments
Worm
Gear Reducers Market is segmented on the basis of type,
by end use sector, by power rating, and by region. Based on type, the
market is segmented into orthogonal, parallel-shaft, and coaxial. Based on end
use sector, the market is segmented into machine tools, construction machinery,
ships. Based on power rating, the market is segmented into <1 kW, 1-3kW,
3-5.5kW, 5.5-7.5kW, 7.5kW-11kW, >11kW.
Market Players
Major players in the India Worm
Gear Reducers Market include Anbhuti Power
System, J D Automation, N. S. Technocrats Private Limited, P.G Drive, Kavitsu, Anand
Gears, Pearl Engineers, Powertek Equipment Co., Mayuresh Gears Pvt. Ltd., Boston
Gear, Rotork Controls (India) Ltd, and Ketterer Drives
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018
– 2022
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments covered
|
·
By Type
·
By End User Sector
·
By Power Rating
·
By Region
|
|
Regional Scope
|
North,
East, West, South
|
|
Key companies profiled
|
Anbhuti Power
System, J D Automation, N. S. Technocrats Private Limited, P.G Drive, Kavitsu,
Anand Gears, Pearl Engineers, Powertek Equipment Co., Mayuresh Gears Pvt.
Ltd., Boston Gear, Rotork Controls (India) Ltd, Ketterer Drives
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country, regional
& segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research needs.
Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
|
Report Scope:
In this report, India Worm Gear Reducers Market has been
segmented into following categories, in addition to the industry trends which have
also been detailed below:
- India Worm Gear Reducers Market, By
Type:
- Orthogonal
- Parallel Shaft
- Coaxial
- Worm Gear Reducers Market, By End
User Sector:
- Machine Tools
- Construction Machinery
- Ships
- Worm Gear Reducers Market, By Power
Rating:
- <1 kW
- 1-3kW
- 3-5.5kW
- 5.5-7.5kW
- 7.5kW-11kW
- >11kW
- Worm Gear Reducers Market, By Region:
- North India
- East India
- West India
- South India
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India Worm Gear Reducers Market.
Available Customizations:
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).
India Worm Gear Reducers 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]