Global Gear Motor Market Size & Outlook, 2023-2030

The gear motor industry worldwide is expected to reach a projected revenue of US$ 38,376.7 million by 2030. A compound annual growth rate of 6.7% is expected of the worldwide gear motor industry from 2024 to 2030.
Revenue, 2023 (US$M)
$24,377.8
Forecast, 2030 (US$M)
$38,376.7
CAGR, 2024 - 2030
6.7%
Report Coverage
Worldwide

Global gear motor market, 2018-2030 (US$M)

Global gear motor market highlights

  • The global gear motor market generated a revenue of USD 24,377.8 million in 2023 and is expected to reach USD 38,376.7 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
  • In terms of segment, helical gear motor accounted for a revenue of USD 24,377.8 million in 2023.
  • Helical Gear Motor is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 24,377.8 million
Market revenue in 2030USD 38,376.7 million
Growth rate6.7% (CAGR from 2023 to 2030)
Largest segmentHelical gear motor
Fastest growing segmentHelical Gear Motor
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHelical Gear Motor

Other key industry trends

  • In terms of revenue, the North America accounted for 25.7% of the global gear motor market in 2023.

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Gear Motor Market Scope

Gear motor market segmentation & scope
Helical Gear Motor
Planetary Gear Motor
Helical-Bevel Gear Motor
Worm Gear Motor
Others
Rated Power
up to 7.5 kW
7.5 kW to 75 kW
Above 75 kW
Torque
up to 10,000 Nm
Above 10,000 Nm
End use
Industrial Machinery
Automotive
Aerospace & Defense
Consumer Electronics
Agriculture
Energy & Power
Marine
Others
Countries
Argentina
Brazil
Denmark
Germany
France
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand

Gear Motor Market Companies

Name Profile # Employees HQ Website

Global gear motor market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gear motor market will help companies and investors design strategic landscapes.


Helical gear motor was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global gear motor market based on helical gear motor covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Gear Motor Type Outlook (Revenue, USD Million, 2018-2030)
    • Helical Gear Motor
    • Planetary Gear Motor
    • Helical-Bevel Gear Motor
    • Worm Gear Motor
    • Others
  • Global Gear Motor Rated Power Outlook (Revenue, USD Million, 2018-2030)
    • up to 7.5 kW
    • 7.5 kW to 75 kW
    • Above 75 kW
  • Global Gear Motor Torque Outlook (Revenue, USD Million, 2018-2030)
    • up to 10,000 Nm
    • Above 10,000 Nm
  • Global Gear Motor End use Outlook (Revenue, USD Million, 2018-2030)
    • Industrial Machinery
    • Automotive
    • Aerospace & Defense
    • Consumer Electronics
    • Agriculture
    • Energy & Power
    • Marine
    • Others

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Target buyers of Global gear motor market databook

  • Our clientele includes a mix of gear motor market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global gear motor market , including forecasts for subscribers. This global databook contains high-level insights into Global gear motor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global gear motor market size, by regions, 2018-2030 (US$M)

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