Factors such as growing energy efficiency in industries, rising population and growing ample number of government rules regarding ecological and safety issues are driving the market growth. However, huge manufacturing cost and use of direct drives & variable speed drives are hampering the market. Emergence of magnetic gearboxes will be a key trend for market growth.

By Type, Gear Motor needs a gear assembly, shaft, motor, an attachment of required specification and wirings. The cost of the main components required for gear motors are less explosive, which creates the overall assembly of the device economical. Rising wind power installations, increasing concerns about the efficiency of mechanical power transmission equipment and minimum price of gear motors are some of the key factors fuelling the growth of the market. By Geography, Europe is anticipated to dominate the market due to high expansion of the automotive and wind power industries and rise in food safety and hygiene-related rules.

Some of the key players in Geared Motors and Drives Market include Sumitomo Heavy Industries, ABB Group, Eaton Corporation, Dematek AB, Johnson Electric, Mitsubishi Electric, Altra Industrial Motion, Bonfiglioli, Elecon Engineering Company Limited, Groschopp, Siemens AG, NORD Drivesystems, Regal Beloit Corporation, Watt Drive WEG Group and Anaheim Automation Inc.

Printing Technologies Covered:
• Alternating Current (AC)
• Direct Current (DC)

Products Covered:
• Geared Motors
• Geared Drives

End Users Covered:
• Metals and Mining
• Wind power
• Food and beverage
• Automotive
• Pulp and paper
• Oil and Gas
• Chemical Industry
• Material Handling
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements