Latin America Gear Motor Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$1,440.7

Forecast, 2030 (US$M)

$2,020.2

CAGR, 2024 - 2030

4.9%

Report Coverage

Latin America

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

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Asia Pacific Gear Motor Market Outlook

MEA Gear Motor Market Outlook

Latin America gear motor market highlights

The Latin America gear motor market generated a revenue of USD 1,440.7 million in 2023.
The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
In terms of segment, helical gear motor was the largest revenue generating type in 2023.
Helical Gear Motor is the most lucrative type segment registering the fastest growth during the forecast period.

Latin America data book summary

Market revenue in 2023	USD 1,440.7 million
Market revenue in 2030	USD 2,020.2 million
Growth rate	4.9% (CAGR from 2023 to 2030)
Largest segment	Helical gear motor
Fastest growing segment	Helical Gear Motor
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Helical Gear Motor
Key market players worldwide	Eaton Corp PLC, Siemens AG, Sew Eurodrive, Weg SA ADR, Johnson Electric Holdings Ltd, Emerson Electric Co, Bauer Gear Motor, Sumitomo Drive Technologies, ABB Ltd, Regal Rexnord Corp, Portescap, Oriental Motor USA

Other key industry trends

In terms of revenue, Latin America region accounted for 5.9% of the global gear motor market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Europe is the fastest growing regional market and is projected to reach USD 11,850.4 million by 2030.

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Gear Motor Market Scope

Gear motor market segmentation & scope

Type

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

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

Argentina

Brazil

Denmark

Germany

France

Norway

Spain

Sweden

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

Latin America 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 Latin America gear motor market based on helical gear motor covering the revenue growth of each sub-segment from 2018 to 2030.

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Target buyers of Latin America 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 continent-level data and insights on the Latin America gear motor market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America gear motor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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