External Gear Motors Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0091031
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.21 |
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The External Gear Motors Market size is estimated to grow at a CAGR of 5.62% between 2022 and 2032. The market size is forecast to increase by USD 1,789.45 million. The growth of the market depends on several factors, including the increasing demand for efficient hydraulic systems, rising industrial automation, and the growing focus on energy conservation. External gear motors are mechanical devices that convert hydraulic energy into mechanical energy. They are commonly used in various applications, including automotive, construction, agriculture, and industrial machinery, to provide rotational power and control.
External Gear Motors Market Overview:
Drivers:
One of the key factors driving the external gear motors market growth is the increasing demand for efficient hydraulic systems. External gear motors offer high efficiency and precise control, making them suitable for a wide range of applications. They provide reliable and consistent power transmission, enabling smooth operation and improved productivity. The demand for external gear motors is particularly high in industries such as construction and agriculture, where heavy-duty equipment requires robust and efficient hydraulic systems.
Moreover, the rising industrial automation is also driving the market growth. With the increasing adoption of automation technologies in various industries, there is a growing need for reliable and efficient power transmission solutions. External gear motors play a crucial role in automated systems by providing precise control and power delivery. They are widely used in conveyor systems, material handling equipment, and industrial machinery, contributing to the growth of the market.
Trends:
A key trend shaping the external gear motors market is the integration of advanced technologies such as IoT (Internet of Things) and predictive maintenance. Manufacturers are incorporating IoT capabilities into external gear motors to enable real-time monitoring, remote diagnostics, and predictive maintenance. This integration allows for proactive maintenance, reduces downtime, and improves overall equipment efficiency. Additionally, the use of advanced materials and design techniques is gaining popularity to enhance the performance and durability of external gear motors.
Furthermore, there is a growing focus on energy conservation, which is driving the demand for energy-efficient external gear motors. Manufacturers are developing gear motors with improved efficiency and reduced energy consumption. These energy-efficient solutions not only help in reducing operational costs but also contribute to environmental sustainability. The adoption of energy-efficient external gear motors is expected to increase in industries that prioritize energy conservation and sustainability.
Restraints:
One of the key challenges hindering the external gear motors market growth is the high initial cost of advanced gear motor technologies. Although advanced gear motors offer long-term cost savings through improved efficiency and reduced maintenance requirements, their upfront cost is relatively higher compared to conventional gear motors. This cost factor may deter price-sensitive consumers from adopting advanced gear motor solutions, especially in price-sensitive markets.
External Gear Motors Market Segmentation By Application:
The automotive segment is estimated to witness significant growth during the forecast period. External gear motors are widely used in automotive applications such as power steering systems, engine cooling systems, and transmission systems. They provide precise control and reliable power transmission, contributing to the overall performance and efficiency of automotive vehicles. The increasing demand for fuel-efficient vehicles and the growing automotive industry are driving the demand for external gear motors in this segment.
The industrial machinery segment is also expected to contribute to the market growth. External gear motors are extensively used in various industrial machinery applications, including pumps, compressors, and conveyors. They provide reliable and efficient power transmission, enabling smooth operation and improved productivity in industrial settings.
External Gear Motors Market Segmentation By Type:
The external gear motors segment is expected to dominate the market during the forecast period. External gear motors offer several advantages, including high efficiency, compact size, and precise control. They are widely used in various applications due to their versatility and reliability. The increasing demand for efficient power transmission solutions in industries such as construction, agriculture, and manufacturing is driving the growth of this segment.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global external gear motors market during the forecast period. The region has a well-established industrial sector and a high adoption rate of advanced technologies, driving the demand for external gear motors. The presence of key market players, technological advancements, and favorable government initiatives supporting industrial automation further support market growth in North America.
Europe is also expected to witness substantial growth in the external gear motors market. The region has a strong manufacturing base and a focus on energy conservation, driving the demand for energy-efficient power transmission solutions. The increasing adoption of automation technologies in industries such as automotive, aerospace, and machinery is fueling the market in Europe.
External Gear Motors Market Customer Landscape:
The external gear motors market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major External Gear Motors Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the external gear motors market include:
- Bosch Rexroth AG
- Eaton Corporation
- Parker Hannifin Corporation
- Danfoss A/S
- ReggianaRiduttori S.p.A.
- Bondioli& Pavesi S.p.A.
- Permco (Twin Disc, Inc.)
- Young Powertech Inc.
- Continental Hydraulics, Inc.
- GRW High Precision Bearings
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The external gear motors market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Automotive
o Industrial Machinery
o Others
- Type Outlook (USD Million, 2019 - 2032)
o AC Motors
o DC Motors
o Brushless Motors
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL External Gear Motors MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. External Gear Motors MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. External Gear Motors Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change External Gear Motors MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. High Performance Type
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Standard Type
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD M
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million
Chapter 6. External Gear Motors MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Mobile Applications
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Factory Automation
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4. Machinery Applications
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.5. Engineering
6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. External Gear Motors MARKET REGIONAL OUTLOOK
7.1. External Gear Motors Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America External Gear Motors Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America External Gear Motors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America External Gear Motors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America External Gear Motors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S External Gear Motors Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. External Gear Motors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. External Gear Motors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. External Gear Motors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada External Gear Motors Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada External Gear Motors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.6.3. France External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K External Gear Motors
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America External Gear Motors Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America External Gear Motors Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America External Gear Motors Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America External Gear Motors Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America External Gear Motors Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Bosch Rexroth
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Multi Products
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Rotary Power
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Parker
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Bison Gear
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Mitsubishi Electric
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. HYDAC
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Kawasaki
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . company 9
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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