High Precision Planetary Gear Motors Market Size, Share, Growth, and Industry Analysis, By Type (Right Angle Planetary Gear Motor, Linear Planetary Gear Motor), By Application (Robotics, Food Processing Machinery, Packaging Machinery, Textile, Printing Machinery, Semiconductor Equipment, Machine Tools, Aerospace, Medical Devices, Engineering Machinery, Others) and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

high precision planetary gear motors market REPORT OVERVIEW

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The global high precision planetary gear motors market size was 910.5 million in 2022 and is expected to reach USD 1348.2 million by 2028, at CAGR of 6.8% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, high precision planetary gear motors experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

An epicyclic gearbox, sometimes known as a high precision planetary gear motors, is a type of gear unit frequently used in drive systems. Planetary components play a crucial role in automatic transmission systems and are extremely adaptable. In essence, the input shaft and the output shaft have a single center of rotation.

Over the forecast period, planetary is anticipated to dominate the worldwide market, and this is due in large part to the expanding number of applications for planetary precision gearboxes because of their advantageous characteristics. Equipment notably servo systems, conveyers, wheeled drives, and coiled tubing injectors use planetary precision gearboxes. These gearboxes have advantageous qualities including high power density and efficiency, among others. As a result, the market for planetary precision gearboxes is expanding quickly, which is fueling this sector's expansion.

COVID-19 Impact: National Lockdowns to Diminish Market Share

Global supply chains are still facing considerable obstacles as a result of the COVID-19 outbreak. National lockdowns hampered manufacturing even in 2022 because they slowed or even completely stopped the movement of supplies and completed items. For supply chains, the outbreak hasn't necessarily brought forth any fresh difficulties. It revealed previously hidden weaknesses in several areas, such as staff shortages and financial losses from closures in the market. However, in general, it has exacerbated and accelerated supply chain issues that already existed.

LATEST TRENDS

"Mergers and Acquisitions to Stimulate Market Development"

To improve their product offerings, major players in the worldwide market have begun using expansion methods including mergers and acquisitions. For instance, Nidec Corporation announced in March 2019 that it had acquired DESCH Antriebstechnik GmbH and Company. KG plus its affiliated companies. With this acquisition, Nidec-Shimpo Corporation's position has been strengthened in the market for high precision planetary gear motors across Europe for both sales and production. Over the course of the forecast, it is expected that this trend will continue in the market worldwide.

high precision planetary gear motors market SEGMENTATION

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• By Type

Based on type; the market is divided into right angle planetary gear motor, linear planetary gear motor.

Right angle planetary gear motor is the leading part of the type segment.

• By Application

Based on the application; the market is divided into robotics, food processing machinery, packaging machinery, textile, printing machinery, semiconductor equipment, machine tools, aerospace, medical devices, engineering machinery, others.

Robotics is the leading part of the application segment.

DRIVING FACTORS

"High Amount of Efficiency to Aid Market Expansion"

In order to finish their processes, many sectors, including sugar, concrete, rubber, and paper, are using more precise gearboxes. High precision planetary gear motors manufacturers are increasingly concentrating on the creation of technologically sophisticated solutions to assist reduce energy costs and enable businesses to effectively support industrial processes. As a result, industrial gearboxes are more efficient, which is driving up demand for this technology. Over the course of the forecast period, these factors are expected to fuel the expansion of the worldwide high precision planetary gear motors market.

"Need for Direct-Drive Actuator in Robotics to Foster Industry Progress "

Over the course of the forecast period, the global high precision planetary gear motors market is anticipated to see several opportunities due to the growing need for direct-drive actuator in robotics. The need for direct-drive actuator in robotics for industry and non-factory usage is rising quickly because to the advantages of precision gearboxes, such as minimal system complexity, decreased maintenance requirements, and cost efficiency.

The robotic design may run without gears because to new features used in actuators as structural-magnetic synergy, enhanced magnetics, and thermodynamic anomaly. Therefore, during the course of the forecast period, this aspect is anticipated to present opportunities in the worldwide precision gearbox market.

RESTRAINING FACTOR

"Failures of Gearboxes to Stop Market Evolution  "

High precision planetary gear motors might result from unanticipated system interactions or from the effects of operating modes. Instead of the gears, the bearings are typically to blame for these failures. These gearboxes must overcome significant obstacles such misalignment, resonant vibration brought on by elastic deflections, transitory effects of thermal expansion during startup, sealing or breathing setups, and external contaminants brought on by orientation.

Thus, during the course of the forecast period, this factor is anticipated to restrain the expansion of the worldwide high precision planetary gear motors market growth.

high precision planetary gear motors market REGIONAL INSIGHTS

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"Asia Pacific to Lead the Market owing to Expansion in Automation "

Asia Pacific now has the majority of the high precision planetary gear motors market share and is expected to bring in a substantial revenue by 2027. India, South Korea, China, and Japan are among the nations where the manufacturing sector is developing and automation is increasing, sustaining regional market demand.

These goods are used by the manufacturing facilities in a variety of applications, such as material handling equipment, robotic welding machines, and machine tools. They reduce operational expenditures while also improving operational precision. Other significant growth-enabling drivers in the sector include increasing investments in the local manufacturing landscape.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Neugart GmbH (Germany)
• Wittenstein SE (Germany)
• SEW-Eurodrive (Germany)
• Flender (Germany)
• Apex Dynamics (China)
• Harmonic Drive Systems (Japan)
• Newstart (U.S.)
• STOBER (Germany)
• Rouist (Netherlands)
• Nidec (Japan)
• Hubei Planetary Gearboxes (China)
• Sesame Motor (China)
• ZF (Germany)
• Sumitomo (Japan)
• PIN HONG TECHNOLOGY (Taiwan)
• Ningbo ZhongDa Leader (China)
• Slhpdm (India)
• LI-MING Machinery (Taiwan)
• Shenzhen Zhikong Technology (China)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.