Technavio Says a Growing Need to Improve Productivity Will Impact the Global Industrial Gear Motors and Drives Market Through 2019

LONDON--()--The growing need to improve productivity has resulted in the steady growth of the Global Industrial Gear Motors and Drives Market, which is expected to post a CAGR of 5.21 percent from 2015-2019, says Technavio.

About the Report

The cost of raw material for various industries such as automotive, material handling and F&B have increased in the past few years. However, sale prices have not increased equally, and the rising demand for superior-quality products without an additional price increase has put significant pressure on manufacturers.

“Manufacturers are forced to optimize their plant operations to meet customer expectations. Thus, they are investing in more efficient power transmission technologies like gear motors and gear drives, which will enhance the productivity of their manufacturing plants,” says Faisal Ghaus, Vice President of Technavio.

The new Technavio report also emphasizes market growth in the APAC region and economic recovery in the Americas, which are expected to drive the construction industry globally. Increased job opportunities and growing wages in the Americas and APAC region are also expected to fuel residential construction.

“Rising construction will increase the demand for construction equipment, which will drive the demand for geared motors and geared drives during the forecast period,” says Ghaus.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
  • Market Challenges:
    • Availability of alternative technologies
    • For a full detailed list, view our report.
  • Market Trends:
  • Key Vendors:
    • ABB Ltd.
    • Bonfiglioli RIDUTTORI S.p.A.
    • Emerson Electric Co.
    • Siemens AG
  • Other Prominent Vendors:
    • Boston Gear
    • Eaton
    • Nord Drivesystems
    • Rexnord

Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the drives market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

Growing need to improve productivity has resulted in steady growth of Global Industrial Gear Motors and Drives Market, which is expected to post a CAGR of 5.21 percent from 2015-2019, says Technavio.

Contacts

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com