MECHANICAL POWER TRANSMISSION n while for nine manufacturers their biggest sales come from heavy-duty gearboxes, and for eight from planetary geared products. This, to some extent, also reflects the size of the market for the three product categories. Light-duty gearmotors and gearboxes are the largest, accounting for around 56% of global sales in 2024. Industrial gearboxes rank second, with around 26%, while planetary reducers and gearmotors account for around 18%. The top 30 manufacturers of light-duty gearmotors and gearboxes account for around 86% of total sales. In recent years, demand has been rising for high-performance and high-reliability geared motors and industrial gearboxes. Emerging markets such as China and India have spurred the rapid growth of local gearbox enterprises, leading to heightened competition in these regions. Several gearbox manufacturers from these countries have entered the world’s top 30 recently, taking advantage of their strong domestic markets. Looking ahead, global leading gearbox manufacturers will maintain their competitive edge in aspects like product reliability and reputation. Meanwhile, the development of emerging markets, downstream industries, and automation product technologies may bring new changes to the market landscape. n Geared motors and gearbox market key facts n Global market contracted by 3.7% in 2024 to $12.4bn n Revenues dropped by 3.7% in 2024 n Sales in the EMEA region fell by 4.4% in 2024, mainly because of de-stocking in the machinery sector n Market expected to return to slow growth over the next couple of years n EMEA region is expected to grow at 2.1% per year over next five years n Top 10 manufacturers account for around 84% of global revenues n Average prices dropped in 2024 after rising from 2021 to 2023, driven by lower raw material costs and increased competition ) ) ) ) ) ) ) ))) ))))) ) ) ) ) ))) 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 33 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 210/.1-,/+*0) 4 /+0*0) - CNC Pow Manuf & $#" !* ) /( ,' &%$#"" !*1 lathes, Vertical Mac Cross+Morse wer Transmission ciali facturing Speci ists 1" , + chining Centres Since 1984 Yes 4 1+ /,,*0) - Hobbing, Shaping, G 4 1+ *-1 , +01 0 4 1- 1(*0) +'1- *0) 1 4 +,*-1 '+*0) 0,+ ', 4 '+ '0*0)4 0!/-,*'0 1+! 0*0) 4 '', ! *"*0) , ,'- !10 4 ' + 1*0*0-1+ '0 , ,1*0 - 1 (+ !/ , (+ 4 1+) ,'- '.1 (+'!/-, (+' 4 1., 1"(*0) " 0, 4 '+ / 4 - CAM Design & Development 4 ##& #&$ Gears, Sprockets & Pulleys 0, +01 -/, 1+ *0) ,1+ +*0!*0) )4 +* *0) 1((*0)421+ *0)4 1- !-/,,' * 4 , 0 , - c in stock - free cutting '- , ) 1+ (/ ,'', ! , *0) , s we can m ) ( *"*, + 4 + '1 t make it. 1! /,- * ('&%$ #&"!! !& & * " '& * & ! !* ! * !*
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