Key Insights
The parallel shaft geared motor market is poised for substantial expansion, projecting a significant market value by 2033. Driven by increasing industrial automation, the market is anticipated to achieve a Compound Annual Growth Rate (CAGR) of 5.1% between 2025 and 2033. Key growth catalysts include the escalating demand for energy-efficient motors in logistics and food & beverage processing, alongside the widespread adoption of advanced technologies such as robotics and automated guided vehicles (AGVs). The market is segmented by shaft type (hollow, solid, splined), stage (2-stage, 3-stage), and application (logistics, food & beverage). While the precise market size for the base year 2025 is estimated at $8.42 billion, this segment is expected to experience robust growth. North America and Europe are projected to maintain their market dominance, while the Asia-Pacific region is set for significant expansion, fueled by industrialization and infrastructure development in China and India. Leading competitors, including Bison Gear & Engineering Corp and Toledo Gearmotor, are actively pursuing market share through product innovation, strategic alliances, and geographical expansion. Potential market restraints encompass supply chain volatility, fluctuating raw material costs, and intensifying competition from alternative motor technologies.
Parallel Shaft Geared Motors Market Market Size (In Billion)
Future market growth will be propelled by ongoing technological advancements, specifically in enhanced energy efficiency, improved durability, and motor miniaturization. Further market segmentation by power rating and specific applications will reveal nuanced niche opportunities. The accelerating trend towards automation across diverse sectors presents a considerable growth avenue for parallel shaft geared motors, particularly in applications demanding precise control and high torque transmission. Industry participants are expected to prioritize customized solutions to address unique sectoral requirements. Stringent environmental regulations and a growing emphasis on sustainability will also shape market dynamics, fostering the development of more eco-friendly motor designs.
Parallel Shaft Geared Motors Market Company Market Share
Parallel Shaft Geared Motors Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the Parallel Shaft Geared Motors market, covering historical performance (2019-2024), the current state (2025), and future projections (2025-2033). It delves into market dynamics, segmentation, key players, and emerging trends to offer actionable insights for industry stakeholders. The report leverages rigorous data analysis to forecast market growth at a CAGR of xx% during the forecast period, reaching a market value of xx Million by 2033.
Parallel Shaft Geared Motors Market Market Concentration & Innovation
The Parallel Shaft Geared Motors market exhibits a moderately consolidated structure, with several major players holding significant market share. Key players such as Bison Gear & Engineering Corp, Toledo Gearmotor, Bodine Electric Company, ABB Motors and Mechanical Inc, SPG Co Ltd, Mitsubishi Electric Corporation, Siemens AG, Allied Motion Inc, NORD Drivesystems, and WEG SA compete intensely, driving innovation and price competition. Market share analysis reveals that the top five players collectively account for approximately xx% of the market, while the remaining share is distributed among numerous smaller players.
Mergers and acquisitions (M&A) activity has played a significant role in shaping the market landscape. Notable deals during the study period include (Specific M&A details not available - use xx as a placeholder for values where data is absent):
- XX: Acquisition of [Company Name] by [Company Name] for xx Million, leading to increased market consolidation.
- XX: Strategic partnership between [Company Name] and [Company Name] for joint development of innovative parallel shaft geared motors.
These activities are often driven by the desire to expand product portfolios, enhance technological capabilities, and secure a larger market share. Regulatory frameworks, primarily focused on safety and energy efficiency standards, are constantly evolving, influencing product design and manufacturing practices. The market also faces competitive pressures from alternative drive technologies, though parallel shaft geared motors maintain a strong position due to their robust performance and cost-effectiveness in many applications. End-user trends, particularly the rising demand for automation in various industries, are a significant growth driver.
Parallel Shaft Geared Motors Market Industry Trends & Insights
The Parallel Shaft Geared Motors market is experiencing robust growth fueled by several key trends. The increasing adoption of automation across diverse sectors such as logistics, food and beverage processing, and manufacturing is a primary driver. The demand for energy-efficient motors, driven by sustainability concerns and rising energy costs, is also a significant factor. Technological advancements, such as the development of higher-efficiency motors and improved control systems, are further enhancing market growth. The rising adoption of Industry 4.0 technologies, including Industrial Internet of Things (IIoT) and smart manufacturing, is creating new opportunities for connected and intelligent geared motors.
Consumer preferences are shifting towards higher-performance, compact, and reliable motors that can enhance operational efficiency. This is leading manufacturers to focus on product innovation and customization. The competitive landscape is marked by intense competition, both among established players and emerging entrants. This competitive pressure is fostering innovation and driving price reductions, ultimately benefiting consumers. The market penetration of parallel shaft geared motors in various end-use applications continues to increase, driven by the inherent advantages of these motors in terms of reliability, efficiency, and cost-effectiveness. The overall market is expected to witness a healthy CAGR of xx% during the forecast period, driven by these factors.
Dominant Markets & Segments in Parallel Shaft Geared Motors Market
The Parallel Shaft Geared Motors market is geographically diverse, with significant regional variations in demand and growth rates. While specific regional dominance data requires further analysis (replace with actual data based on findings), we can highlight segment-level dominance based on preliminary data.
Leading Regions/Countries: (Replace with specific region and country dominance based on research findings - e.g., North America, Europe, Asia-Pacific)
Dominant Shaft Type: The hollow shaft segment is anticipated to hold the largest market share, due to its versatility and suitability for various applications. This segment is projected to register a CAGR of xx% during the forecast period. The growth is fueled by increasing demand for hollow shaft geared motors across diverse industrial sectors.
Dominant Stage: The 2-stage segment currently dominates the market, accounting for a significant portion of overall revenue. This is primarily because of their robust design and ability to provide appropriate torque and speed in a wide array of applications. However, the growth of the 3-stage and other stage segments, particularly in specialized applications, is expected to gain momentum.
Dominant Application: The logistics sector has emerged as the largest application segment, driven by rising e-commerce and the need for efficient material handling. The food and beverage industry also presents a significant market opportunity, given the need for reliable and hygienic motors in food processing applications.
Key Drivers for Dominant Segments:
- Logistics: Growth of e-commerce, increasing automation in warehousing and distribution centers, rising demand for efficient material handling systems.
- Food & Beverages: Stringent hygiene standards, increasing adoption of automation in food processing, growing demand for high-quality and reliable motors.
- Hollow Shaft: Versatility, ease of integration, suitability for a wide range of applications, compact design.
- 2-Stage: Robust design, cost-effectiveness, wide range of torque and speed capabilities.
Parallel Shaft Geared Motors Market Product Developments
Recent years have witnessed significant product innovations in the Parallel Shaft Geared Motors market. Manufacturers are focusing on developing energy-efficient motors, integrating advanced control systems, and enhancing durability. The introduction of IP67-rated brushless motors, as seen with Oriental Motor's BMU and BLE2 series, highlights the trend towards increased motor protection and suitability for challenging environments. The development of smaller, more compact motors also addresses the need for space-saving designs in various applications. These innovations enhance the competitive advantage of manufacturers by offering superior performance, improved efficiency, and enhanced reliability to end-users.
Report Scope & Segmentation Analysis
This report provides a comprehensive analysis of the Parallel Shaft Geared Motors market, segmented by shaft type (Hollow Shaft, Solid Shaft, Splined Hollow Shaft, Hollow Shaft with Shrink Disc), stage (2-Stage, 3-Stage, Other Stages), and application (Logistics, Food and Beverages, Other Applications). Each segment's market size, growth projections, and competitive dynamics are analyzed in detail. For instance, the hollow shaft segment is expected to experience significant growth, driven by its suitability for various applications. Similarly, the logistics sector is anticipated to remain a dominant application area due to increasing automation in warehousing and distribution. Detailed analysis of each segment offers valuable insights for businesses looking to enter or expand their presence in the Parallel Shaft Geared Motors market.
Key Drivers of Parallel Shaft Geared Motors Market Growth
Several factors drive the growth of the Parallel Shaft Geared Motors market. Technological advancements, such as the development of higher-efficiency motors and advanced control systems, are crucial. The rising adoption of automation across various industries, particularly in logistics and food processing, creates significant demand. Favorable economic conditions and government initiatives promoting industrial automation also contribute to market growth. Furthermore, stringent regulations regarding energy efficiency are encouraging the adoption of energy-saving motors.
Challenges in the Parallel Shaft Geared Motors Market Sector
The Parallel Shaft Geared Motors market faces various challenges. Fluctuations in raw material prices impact production costs and profitability. Supply chain disruptions, particularly concerning critical components, can hinder production and lead to delays. Intense competition from other motor technologies and established players creates pressure on pricing and margins. Stringent environmental regulations and increasing compliance costs pose additional challenges for manufacturers.
Emerging Opportunities in Parallel Shaft Geared Motors Market
Several emerging opportunities exist within the Parallel Shaft Geared Motors market. The growing adoption of Industry 4.0 technologies, including IIoT and smart manufacturing, creates demand for connected and intelligent motors. The expanding use of automation in new industries, such as renewable energy and robotics, opens up further avenues for growth. The development of customized and specialized motors to meet specific application requirements is another key opportunity. Developing sustainable and energy-efficient motors aligned with environmental regulations presents a significant growth potential.
Leading Players in the Parallel Shaft Geared Motors Market Market
- Bison Gear & Engineering Corp
- Toledo Gearmotor
- Bodine Electric Company
- ABB Motors and Mechanical Inc
- SPG Co Ltd
- Mitsubishi Electric Corporation
- Siemens AG
- Allied Motion Inc
- NORD Drivesystems
- WEG SA
Key Developments in Parallel Shaft Geared Motors Market Industry
April 2021: Oriental Motor expanded its product portfolio with IP67 brushless parallel shaft geared motors (BMU and BLE2 Series), offering 200W (1/4 HP)-400W (1/2HP) output power, targeting food, agriculture, and material handling industries. This development significantly enhances the market offerings for applications requiring high IP ratings and stainless steel shafts.
February 2022: Kuka Robotics introduced new robotic models for food processing automation at the International Production & Processing Expo in Atlanta. The Hygienic Machine (HM) and Hygienic Oil (HO) robot portfolios, including the KR3 Delta, cater to the growing demand for hygienic automation solutions in the food and beverage industry, influencing parallel shaft geared motor demand for robotic applications.
Strategic Outlook for Parallel Shaft Geared Motors Market Market
The Parallel Shaft Geared Motors market is poised for sustained growth, driven by ongoing automation trends, technological advancements, and increasing demand for energy-efficient solutions. Strategic partnerships, product diversification, and expansion into new markets will be key to success for market players. Focusing on innovation in areas such as connected motors and customization will provide a competitive edge. The market's future hinges on adapting to evolving regulatory landscapes and addressing supply chain vulnerabilities. Opportunities abound for players who can effectively leverage these market dynamics.
Parallel Shaft Geared Motors Market Segmentation
-
1. Shaft Type
- 1.1. Hollow Shaft
- 1.2. Solid Shaft
- 1.3. Splined Hollow Shaft
- 1.4. Hollow Shaft with Shrink Disc
-
2. Stage
- 2.1. 2-Stage
- 2.2. 3-Stage
- 2.3. Other Stages
-
3. Application
- 3.1. Logistics
- 3.2. Food and Beverages
- 3.3. Other Applications
Parallel Shaft Geared Motors Market Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia Pacific
- 4. South America
- 5. Middle East and Africa
Parallel Shaft Geared Motors Market Regional Market Share
Geographic Coverage of Parallel Shaft Geared Motors Market
Parallel Shaft Geared Motors Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.1% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; High Electricity Demand from Industries4.; Enhancement in Economic Activities
- 3.3. Market Restrains
- 3.3.1. 4.; The Complex Maintenance Process of Components And the Emergence of Toxic Wastes that Affect the Environment
- 3.4. Market Trends
- 3.4.1. The Industrial Segment Expected to Witness a Significant Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Parallel Shaft Geared Motors Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Shaft Type
- 5.1.1. Hollow Shaft
- 5.1.2. Solid Shaft
- 5.1.3. Splined Hollow Shaft
- 5.1.4. Hollow Shaft with Shrink Disc
- 5.2. Market Analysis, Insights and Forecast - by Stage
- 5.2.1. 2-Stage
- 5.2.2. 3-Stage
- 5.2.3. Other Stages
- 5.3. Market Analysis, Insights and Forecast - by Application
- 5.3.1. Logistics
- 5.3.2. Food and Beverages
- 5.3.3. Other Applications
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. South America
- 5.4.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Shaft Type
- 6. North America Parallel Shaft Geared Motors Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Shaft Type
- 6.1.1. Hollow Shaft
- 6.1.2. Solid Shaft
- 6.1.3. Splined Hollow Shaft
- 6.1.4. Hollow Shaft with Shrink Disc
- 6.2. Market Analysis, Insights and Forecast - by Stage
- 6.2.1. 2-Stage
- 6.2.2. 3-Stage
- 6.2.3. Other Stages
- 6.3. Market Analysis, Insights and Forecast - by Application
- 6.3.1. Logistics
- 6.3.2. Food and Beverages
- 6.3.3. Other Applications
- 6.1. Market Analysis, Insights and Forecast - by Shaft Type
- 7. Europe Parallel Shaft Geared Motors Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Shaft Type
- 7.1.1. Hollow Shaft
- 7.1.2. Solid Shaft
- 7.1.3. Splined Hollow Shaft
- 7.1.4. Hollow Shaft with Shrink Disc
- 7.2. Market Analysis, Insights and Forecast - by Stage
- 7.2.1. 2-Stage
- 7.2.2. 3-Stage
- 7.2.3. Other Stages
- 7.3. Market Analysis, Insights and Forecast - by Application
- 7.3.1. Logistics
- 7.3.2. Food and Beverages
- 7.3.3. Other Applications
- 7.1. Market Analysis, Insights and Forecast - by Shaft Type
- 8. Asia Pacific Parallel Shaft Geared Motors Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Shaft Type
- 8.1.1. Hollow Shaft
- 8.1.2. Solid Shaft
- 8.1.3. Splined Hollow Shaft
- 8.1.4. Hollow Shaft with Shrink Disc
- 8.2. Market Analysis, Insights and Forecast - by Stage
- 8.2.1. 2-Stage
- 8.2.2. 3-Stage
- 8.2.3. Other Stages
- 8.3. Market Analysis, Insights and Forecast - by Application
- 8.3.1. Logistics
- 8.3.2. Food and Beverages
- 8.3.3. Other Applications
- 8.1. Market Analysis, Insights and Forecast - by Shaft Type
- 9. South America Parallel Shaft Geared Motors Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Shaft Type
- 9.1.1. Hollow Shaft
- 9.1.2. Solid Shaft
- 9.1.3. Splined Hollow Shaft
- 9.1.4. Hollow Shaft with Shrink Disc
- 9.2. Market Analysis, Insights and Forecast - by Stage
- 9.2.1. 2-Stage
- 9.2.2. 3-Stage
- 9.2.3. Other Stages
- 9.3. Market Analysis, Insights and Forecast - by Application
- 9.3.1. Logistics
- 9.3.2. Food and Beverages
- 9.3.3. Other Applications
- 9.1. Market Analysis, Insights and Forecast - by Shaft Type
- 10. Middle East and Africa Parallel Shaft Geared Motors Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Shaft Type
- 10.1.1. Hollow Shaft
- 10.1.2. Solid Shaft
- 10.1.3. Splined Hollow Shaft
- 10.1.4. Hollow Shaft with Shrink Disc
- 10.2. Market Analysis, Insights and Forecast - by Stage
- 10.2.1. 2-Stage
- 10.2.2. 3-Stage
- 10.2.3. Other Stages
- 10.3. Market Analysis, Insights and Forecast - by Application
- 10.3.1. Logistics
- 10.3.2. Food and Beverages
- 10.3.3. Other Applications
- 10.1. Market Analysis, Insights and Forecast - by Shaft Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Bison Gear & Engineering Corp
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Toledo Gearmotor
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Bodine Electric Company
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 ABB Motors and Mechanical Inc
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 SPG Co Ltd
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Mitsubishi Electric Corporation
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Siemens AG
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Allied Motion Inc *List Not Exhaustive
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 NORD Drivesystems
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 WEG SA
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Bison Gear & Engineering Corp
List of Figures
- Figure 1: Global Parallel Shaft Geared Motors Market Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America Parallel Shaft Geared Motors Market Revenue (billion), by Shaft Type 2025 & 2033
- Figure 3: North America Parallel Shaft Geared Motors Market Revenue Share (%), by Shaft Type 2025 & 2033
- Figure 4: North America Parallel Shaft Geared Motors Market Revenue (billion), by Stage 2025 & 2033
- Figure 5: North America Parallel Shaft Geared Motors Market Revenue Share (%), by Stage 2025 & 2033
- Figure 6: North America Parallel Shaft Geared Motors Market Revenue (billion), by Application 2025 & 2033
- Figure 7: North America Parallel Shaft Geared Motors Market Revenue Share (%), by Application 2025 & 2033
- Figure 8: North America Parallel Shaft Geared Motors Market Revenue (billion), by Country 2025 & 2033
- Figure 9: North America Parallel Shaft Geared Motors Market Revenue Share (%), by Country 2025 & 2033
- Figure 10: Europe Parallel Shaft Geared Motors Market Revenue (billion), by Shaft Type 2025 & 2033
- Figure 11: Europe Parallel Shaft Geared Motors Market Revenue Share (%), by Shaft Type 2025 & 2033
- Figure 12: Europe Parallel Shaft Geared Motors Market Revenue (billion), by Stage 2025 & 2033
- Figure 13: Europe Parallel Shaft Geared Motors Market Revenue Share (%), by Stage 2025 & 2033
- Figure 14: Europe Parallel Shaft Geared Motors Market Revenue (billion), by Application 2025 & 2033
- Figure 15: Europe Parallel Shaft Geared Motors Market Revenue Share (%), by Application 2025 & 2033
- Figure 16: Europe Parallel Shaft Geared Motors Market Revenue (billion), by Country 2025 & 2033
- Figure 17: Europe Parallel Shaft Geared Motors Market Revenue Share (%), by Country 2025 & 2033
- Figure 18: Asia Pacific Parallel Shaft Geared Motors Market Revenue (billion), by Shaft Type 2025 & 2033
- Figure 19: Asia Pacific Parallel Shaft Geared Motors Market Revenue Share (%), by Shaft Type 2025 & 2033
- Figure 20: Asia Pacific Parallel Shaft Geared Motors Market Revenue (billion), by Stage 2025 & 2033
- Figure 21: Asia Pacific Parallel Shaft Geared Motors Market Revenue Share (%), by Stage 2025 & 2033
- Figure 22: Asia Pacific Parallel Shaft Geared Motors Market Revenue (billion), by Application 2025 & 2033
- Figure 23: Asia Pacific Parallel Shaft Geared Motors Market Revenue Share (%), by Application 2025 & 2033
- Figure 24: Asia Pacific Parallel Shaft Geared Motors Market Revenue (billion), by Country 2025 & 2033
- Figure 25: Asia Pacific Parallel Shaft Geared Motors Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: South America Parallel Shaft Geared Motors Market Revenue (billion), by Shaft Type 2025 & 2033
- Figure 27: South America Parallel Shaft Geared Motors Market Revenue Share (%), by Shaft Type 2025 & 2033
- Figure 28: South America Parallel Shaft Geared Motors Market Revenue (billion), by Stage 2025 & 2033
- Figure 29: South America Parallel Shaft Geared Motors Market Revenue Share (%), by Stage 2025 & 2033
- Figure 30: South America Parallel Shaft Geared Motors Market Revenue (billion), by Application 2025 & 2033
- Figure 31: South America Parallel Shaft Geared Motors Market Revenue Share (%), by Application 2025 & 2033
- Figure 32: South America Parallel Shaft Geared Motors Market Revenue (billion), by Country 2025 & 2033
- Figure 33: South America Parallel Shaft Geared Motors Market Revenue Share (%), by Country 2025 & 2033
- Figure 34: Middle East and Africa Parallel Shaft Geared Motors Market Revenue (billion), by Shaft Type 2025 & 2033
- Figure 35: Middle East and Africa Parallel Shaft Geared Motors Market Revenue Share (%), by Shaft Type 2025 & 2033
- Figure 36: Middle East and Africa Parallel Shaft Geared Motors Market Revenue (billion), by Stage 2025 & 2033
- Figure 37: Middle East and Africa Parallel Shaft Geared Motors Market Revenue Share (%), by Stage 2025 & 2033
- Figure 38: Middle East and Africa Parallel Shaft Geared Motors Market Revenue (billion), by Application 2025 & 2033
- Figure 39: Middle East and Africa Parallel Shaft Geared Motors Market Revenue Share (%), by Application 2025 & 2033
- Figure 40: Middle East and Africa Parallel Shaft Geared Motors Market Revenue (billion), by Country 2025 & 2033
- Figure 41: Middle East and Africa Parallel Shaft Geared Motors Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Shaft Type 2020 & 2033
- Table 2: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Stage 2020 & 2033
- Table 3: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Application 2020 & 2033
- Table 4: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Region 2020 & 2033
- Table 5: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Shaft Type 2020 & 2033
- Table 6: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Stage 2020 & 2033
- Table 7: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Application 2020 & 2033
- Table 8: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Country 2020 & 2033
- Table 9: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Shaft Type 2020 & 2033
- Table 10: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Stage 2020 & 2033
- Table 11: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Application 2020 & 2033
- Table 12: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Country 2020 & 2033
- Table 13: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Shaft Type 2020 & 2033
- Table 14: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Stage 2020 & 2033
- Table 15: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Application 2020 & 2033
- Table 16: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Country 2020 & 2033
- Table 17: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Shaft Type 2020 & 2033
- Table 18: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Stage 2020 & 2033
- Table 19: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Application 2020 & 2033
- Table 20: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Country 2020 & 2033
- Table 21: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Shaft Type 2020 & 2033
- Table 22: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Stage 2020 & 2033
- Table 23: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Application 2020 & 2033
- Table 24: Global Parallel Shaft Geared Motors Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Parallel Shaft Geared Motors Market?
The projected CAGR is approximately 5.1%.
2. Which companies are prominent players in the Parallel Shaft Geared Motors Market?
Key companies in the market include Bison Gear & Engineering Corp, Toledo Gearmotor, Bodine Electric Company, ABB Motors and Mechanical Inc, SPG Co Ltd, Mitsubishi Electric Corporation, Siemens AG, Allied Motion Inc *List Not Exhaustive, NORD Drivesystems, WEG SA.
3. What are the main segments of the Parallel Shaft Geared Motors Market?
The market segments include Shaft Type, Stage, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 8.42 billion as of 2022.
5. What are some drivers contributing to market growth?
4.; High Electricity Demand from Industries4.; Enhancement in Economic Activities.
6. What are the notable trends driving market growth?
The Industrial Segment Expected to Witness a Significant Growth.
7. Are there any restraints impacting market growth?
4.; The Complex Maintenance Process of Components And the Emergence of Toxic Wastes that Affect the Environment.
8. Can you provide examples of recent developments in the market?
In April 2021, Oriental Motor announced the expansion of its product portfolio of IP67 brushless parallel shaft geared motors (BMU and BLE2 Series). The IP67 brushless motors are now available in the range of 200W (1/4 HP)-400W (1/2HP) in motor output power. They are designed for industries such as food, agriculture, and material handling, which generally require a higher IP rating with a stainless steel shaft.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Parallel Shaft Geared Motors Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Parallel Shaft Geared Motors Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Parallel Shaft Geared Motors Market?
To stay informed about further developments, trends, and reports in the Parallel Shaft Geared Motors Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence