Lucintel Forecasts the Global Geared Motor Market to Reach $14.3 billion by 2030Lucintel Forecasts the Global Geared Motor Market to Reach $14.3 billion by 2030
Lucintel Forecasts the Global Geared Motor Market to Reach $14.3 billion by 2030Lucintel Forecasts the Global Geared Motor Market to Reach $14.3 billion by 2030
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According to a market report by Lucintel, the future of the global geared motor market looks promising with opportunities in the manufacturing, food and beverage, automotive, and healthcare markets. The global geared motor market is expected to reach an estimated $14.3 billion by 2030 from $10.3 billion in 2024, at a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing production of motor vehicles and rising demand for motor-driven equipment among industries.
A more than 150-page report to understand trends, opportunity and forecast in geared motor market to 2030 by type (right angle geared motor, inline geared motor, and parallel shaft geared motor), application (manufacturing, food and beverage, automotive, healthcare, and others), end use (conveyor drives, material handling equipment, robotic, medical tools, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that right angle is expected to witness the highest growth over the forecast period.
Through this market, manufacturing is expected to witness the highest growth over the forecast period.
Download sample by clicking on geared motor market
APAC is expected to witness the highest growth over the forecast period.
Bauer Gear Motor, CGM, Compañía Levantina de Reductores, Gloge Scott, ISL Products International are the major suppliers in the geared motor market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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