Helical Reducers Market Size, Share, Growth, and Industry Analysis by Type (Parallel-axis Helical Gear Reducers, Perpendicular-axis Helical Gear Reducers, and Helical Reducers) By Application (Oil, Food & Beverage, Power, Mining, and Others) Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

HELICAL REDUCERS MARKET REPORT OVERVIEW 

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global helical reducers services market size was USD 404.2 million in 2022 and market is projected to touch USD 672.74 million by 2031 at CAGR 4.5% during the forecast period.

A type of gear reducer made with helical gears is known as a helical gear reducer. The teeth of helical gears, which are cylindrical in shape, are not parallel to the direction of rotation. Helical gear reducers can transport big loads effectively and operate more quietly and smoothly than other types of gear reducers. Helical gears are cylindrical gears having teeth that are angled relative to the gear wheel's axis of rotation. Because they engage smoothly when the gears are changed, helical gears are frequently employed in gearboxes. Helical reducers also have a high power density and are compact and lightweight.

Growing Demand for the Mining Industry is the main factor driving this rise. As a result of increasing applications, the global helical reducers market is anticipated to rise slowly but steadily over the coming years, and helical reducers consumption will follow suit. The use of helical gear reducers downstream is widespread, with the mining, material handling, and power industries serving as their primary application sectors.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

The helical reducers market's supply chain problems and poor product demand restrained the market's expansion. The industry suffered greatly from losses during the pandemic as factory manufacturing and production processes were shut down, as the product market share decreased in various important regions like the U.S. and China. Lockdowns and low demand caused by a suspension of construction activities had an adverse impact on the helical reducers market, which decreased sales and revenue generation.

LATEST TRENDS

"Innovations in Production to Boost Market Growth"

A high degree of component interchangeability is one of the many engineering and performance benefits of the model and helical gearbox production. This provides a beneficial economic structure while maintaining the highest level of component integrity. These are the elements that will propel the product's market expansion, generating enormous earnings and revenues for top industry players. Evolution of predictive maintenance is the most recent trend that is gaining traction in the helical reducers market. A technology that aids in lowering operating and capital expenses is predictive maintenance. By providing proactive maintenance and repair for assets, it supports the effective use of repair resources.

HELICAL REDUCERS MARKET SEGMENTATION 

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• By Type Analysis

As per the type, the market is classified as follows: Parallel-axis Helical Gear Reducers, Perpendicular-axis Helical Gear Reducers, and Helical Reducers. Parallel-axis, the primary product, which accounts for around 75% of all helical reducers market worldwide.

• By Application Analysis

Based on application, the market is segmented as follows: Oil, Food & Beverage, Power, Mining, and Others. Global demand for helical reducers is mostly being driven by the mining industry's expanding need.

DRIVING FACTORS

"Various Applications of Helical Reducers to Facilitate Market Development"

Helical gears are widely employed in automation systems like lifting and pulling because of the impetus they provide when they turn, making them perfect for heavy loading operations. Different speed reducers, including spur gear reducers, worm reducers, and bevel gears, can be used with a motor or machine. They are made to regulate the output and speed of a system, however because of their unique characteristics, their application may differ. Thus, these applications will boost helical reducers market growth.

"Advancement in Technology to Promote Industry Progress"

Helical reducers operate more smoothly than other gear and reducer kinds because of the way their teeth connect with the equipment, cutting to the face of the machinery at an angle. When two teeth come into touch, the contact does not end right away. As the gear turns, the teeth gradually make contact with it before coming into complete contact. The two gears' rotational interaction with one another allows the helical reducers to move in either direction, and in either case, the curved tooth configurations result in the formation of a helix. As a result of these factors, the helical reducers market will grow.

RESTRAINING FACTORS

"Rising Raw Material Costs to Hinder Market Growth"

The helical reducers market will experience slow market expansion due to rising raw material costs and worldwide inflation. The issues that will affect the helical reducers market share of the product are the declining shares globally, the ongoing war in the European region, and the demand for less expensive equipment parts as a result of the significant losses sustained over the previous two years. Therefore, before making investments in the helical reducers market, major industrial players should take these considerations into account.

HELICAL REDUCERS MARKET REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in Europe"

Europe dominates the helical reducers market usage globally. The largest manufacturing and consumption region is Europe. Due to the presence of significant industrial players in nations like Italy, the United Kingdom, and Germany in this region, the helical reducers market will be dominated by Europe. The manufacturing and processing industries will control the growth of the regional market, while developing nations will drive it. When a result, as new technologies hit the helical reducers market and propel market expansion and share in both the global industry and the European region, the region will experience an exponential rise in the need for helical reducers.

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Motovario (Italy)
• Brevini Power Transmission (Italy)
• Siemens (Germany)
• Bonfiglioli (Spain)
• Nidec-Shimpo (U.S.)
• Boston Gear (U.S.)
• Stm (U.K)
• Varvel (Italy)
• Renold (U.K)
• Rossi (Italy)
• Y?lmaz Reduktor (Turkey)
• IPTS (Israel)
• Bondioli & Pavesi (Italy)
• Radicon (U.S.)
• Apex Dynamics (Taiwan)
• Yingyi Transmission Machinery (China)
• S.C. Neptun (Romania)
• Bezares (Spain)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.