Parallel Shaft Geared Motors Market Analysis: Global Industry Size, Growth and Forecast

Report ID : 1348824 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Parallel Shaft Geared Motors Market is categorized based on Type (Single Phase, Three Phase) and Power Rating (Less than 1 HP, 1 HP to 5 HP, 5 HP to 10 HP, 10 HP to 20 HP, Above 20 HP) and Application (Industrial Machinery, Conveyor Systems, Automotive, Aerospace, Food & Beverage) and End-User Industry (Manufacturing, Construction, Mining, Oil & Gas, Water & Wastewater) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Valued at $3.1 billion in 2023, the Parallel Shaft Geared Motors Market size is expected to grow to $5.2 billion by 2033, with a CAGR of 5.3% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.

The automation industry is considered to be the fastest rising sector due to the competition around the globe, due to this stiff competition the Parallel Shaft Geared Motors Market also emerged as a new keen area of focus for many manufactures as its demand was high for such highly efficient motors. Manufacturing, Automotive, and Renewable energy are just the few areas where the geared motors, known for their compact size but high torque output, would be utilized. This increase in demand would further end up giving rise to advanced gearing technologies that in return will not only be beneficial to enhance the production but would also contribute towards lowering the operational costs across the industries. 

There has been notable growth in the parallel shaft geared motors market, especially within the last few years as the market had a constant push for energy efficiency. Many manufacturers began to cater towards the specific needs of their target industries and in return started to improve the lifecycle of the geared motors which further boosted the growth of the market. Motoring toward industry 4.0 the market seems to be moving towards smart processes and interconnected machines which will end up increasing the interaction of geared motors within industries which will allow them to further boost productivity.

In order to understand the future of the Parallel Shaft Geared Motors Market it is pertinent to evaluate the crucial trends, challenges, and opportunities that are defining it. For instance, such reports assist in establishing the competitive environment and strangled technology and market factors to comprehend the environment in which the stakeholders finds themselves operating in. Hence, for all intents and purposes enabling, tackling the business with insight while assisting stakeholders to grow is the vision behind us, Verified Industry Insights.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	Siemens AG, Bosch Rexroth AG, Nord Drivesystems, WEG Industries, Parker Hannifin, Baldor Electric Company, Rockwell Automation, NORD Gear Corporation, ABB Ltd., SEW-EURODRIVE, Sew Eurodrive GmbH
SEGMENTS COVERED	By Type - Single Phase, Three Phase By Power Rating - Less than 1 HP, 1 HP to 5 HP, 5 HP to 10 HP, 10 HP to 20 HP, Above 20 HP By Application - Industrial Machinery, Conveyor Systems, Automotive, Aerospace, Food & Beverage By End-User Industry - Manufacturing, Construction, Mining, Oil & Gas, Water & Wastewater By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

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Parallel Shaft Geared Motors Market Dynamics

The Parallel Shaft Geared Motors Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

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Key Players in the Parallel Shaft Geared Motors Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• Siemens AG
• Bosch Rexroth AG
• Nord Drivesystems
• WEG Industries
• Parker Hannifin
• Baldor Electric Company
• Rockwell Automation
• NORD Gear Corporation
• ABB Ltd.
• SEW-EURODRIVE
• Sew Eurodrive GmbH

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