Speed reducer is a kind of transmission device, which transport power from few teethed gear to much teethed gear. From this way, the power of high-speed engine can be used in low speed equipment, and the ratio of gears’ teeth is the transmission ratio. Speed reducer is generally applied in low speed and high power equipment like crane, packaging machine and rolling machine.
This report contains market size and forecasts of Speed Reducers in global, including the following market information:
Global Speed Reducers Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Speed Reducers Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Speed Reducers companies in 2021 (%)
The global Speed Reducers market was valued at 10200 million in 2021 and is projected to reach US$ 17530 million by 2028, at a CAGR of 8.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Gear Reducer Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Speed Reducers include Sew eurodrive, Siemens Flender, Nabtesco, Guomao, Sumitomo Heavy Industries, Jiangsu Tailong, Nidec Shimpo, Jiangsu Taixing and Altra Industrial Motion, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Speed Reducers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Speed Reducers Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Speed Reducers Market Segment Percentages, by Type, 2021 (%)
Gear Reducer
Worm Wheel Reducer
Planetary Gears
Cycloid Reducer
Harmonic Drive
Global Speed Reducers Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Speed Reducers Market Segment Percentages, by Application, 2021 (%)
Industrial
Food Industry
Mining Industry
Construction Industry
Other
Global Speed Reducers Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Speed Reducers Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Speed Reducers revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Speed Reducers revenues share in global market, 2021 (%)
Key companies Speed Reducers sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Speed Reducers sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sew eurodrive
Siemens Flender
Nabtesco
Guomao
Sumitomo Heavy Industries
Jiangsu Tailong
Nidec Shimpo
Jiangsu Taixing
Altra Industrial Motion
ABB Baldor
Winsmith
Zhongda Leader
Zhenkang Welding Electromachinery
Leaderdrive