Gearbox & Gear Motors Market Size, By Type, By Product Type, By Rated Power, By End Use Industry, By Distribution Channel, Analysis, Share, Growth Forecast, 2025 - 2034

Gearbox & Gear Motors Market Size

The global gearbox & gear motors market size was estimated at USD 19.2 billion in 2024 and is projected to grow with CAGR of 4.6% from 2025 to 2034, driven by rising demand for electrical vehicles, growth in the renewable energy sector, and advancements in industrial automation and robotics. As governments and companies emphasize the development of renewable energy capacities such as wind energy, the industry witnesses a growing demand for reliable and efficient gear motors.
 

Moreover, this investment drives technological advancements in gearbox and gear motor design and boosts industrial activities for stable power infrastructure. The advancement in wind power infrastructure is expected to drive the demand for components such as gear motors. Consequently, the growth in power generation investment propels the gearbox & gear motor market, fostering innovation and expanding its applications across diverse sectors. Gear motors are used in wind turbines as special motors that drive blade pitch, and rotor speed in a way to maximize energy capture efficiency.
 

As per the World Wind Energy Association, China is one of the major contributors in the global wind power industry, installing 86,892 Megawatt in 2024, a rise from 79,370 MW in 2023. China accounts for 72% of the global wind turbines installations with an increase of 65% compared to 2023. Additionally, Germany accounts for major wind turbine installations, with 3.2 Gigawatt, resulting in the total capacity to 72.7 Gigawatt in 2024. Gearboxes are used in wind turbines to increase the rotational speed of blades and hubs to higher speed. Whereas gear motors power the yaw drive, which rotates nacelle to align with wind direction. Gearbox & gear motors contribute to the operational life and efficiency of wind turbines. Thus, the growing wind turbine installations is expected to drive the demand for gearbox & gear motors.
 

The gearbox & gear motors market is hampered by high maintenance costs, which affect both producers and end use industries. The complexity of the integrated units (gear assembly, motor, and wiring), the fluctuating cost of components, and the requirement for specialized maintenance and repairs are some of the contributing factors of additional expenses. Although innovations like predictive maintenance, which makes use of IoT and AI, are intended to minimize unanticipated downtime and improve service schedules, the initial investment for these advanced technologies can be high, particularly for small businesses. Moreover, the industry is shifting toward more energy-efficient and modular designs with the aim to reduce operating costs over the product lifecycle, because of intense competition worldwide and the availability of alternative technologies.
 

Gearbox & Gear Motors Market Trends

• The development of smart gearboxes & gear motors with sensors for real-time monitoring and predictive maintenance is one of the major trends driven by the adoption of Industry 4.0 technologies. Additionally, with the growth of robotics and electric vehicles (EVs), where efficiency and space are critical aspects, there is also a strong emphasis on lightweight and compact solutions.
   
• Manufacturers are emphasizing modular designs and customization to meet the needs of applications in a variety of industries, including construction, food and beverage, and material handling.
   
• Gear motors are used in a wide range of industrial and commercial sectors, such as automation, robotics, medical, military, aerospace, automotive, logistics, and food and beverage, where efficient power transmission, high torque and speed control are required. Gear motors are used in robotics where high torque is required. The robotics industry is experiencing significant growth worldwide, driven by growing investments in robot installations in manufacturing facilities and adoption of automation. Thus, the advancement in robotic technology is expected to drive the demand for advanced gear motors.
   

Gearbox & Gear Motors Market Analysis

• Based on type, the market is segmented into helical gear, planetary gear, bevel gear, worm gear and others. The helical gear segment held the major market share, generating a revenue of USD 5.4 billion in 2024.
   
• Helical gears motors are one of the most common types of gear motors, featuring helical gears that are angled to reduce noise and improve efficiency. These are used for various industrial applications such as conveyor systems, cranes, and hoists.
   
• These gearboxes & gear motors are suitable for applications where noise reduction and smooth motion are critical factors such as office automation, medical equipment, and precision machinery.
   
• Helical gears to handle high loads and transmit great torque, making them ideal systems for heavy-duty applications in industries such as mining, construction, material handling, and steel mills.
   
• Helical gear designs offer less friction and energy loss during tooth engagement, thus usually have higher power transmission efficiency. This is essential for sectors aiming to maximize energy use and reduce operating expenses, in line with the global focus on energy efficiency.

• Based on end use industry, the market is segmented into material handling, automotive, food and beverages, medical, wind power, metals and mining, and others. The automotive segment dominated around 28% share of gearbox & gear motors market in 2024. 
   
• Every year, the global automobile industry produces millions of automobiles, including SUVs, commercial vehicles, and passenger cars. Gearboxes and/or gear motors are essential components of any power transmission system necessary by any of these vehicles, whether they are electric, hybrid, or internal combustion engine (ICE). There is a significant and constant need for these components due to the sheer volume of vehicles manufactured worldwide.
   
• The automotive industry is constantly innovating, to comply with increasingly stringent emission regulations, boost the fuel economy, improve driving comfort, and integrate new technologies (such as ADAS and autonomous driving). This innovation drives the demand for multi-speed transmissions, lightweight materials, advanced electronic controls, and specialized gearboxes for electric vehicles.
   
• Moreover, the market is growing due to the rising demand for personal and commercial vehicles, especially in emerging economies of Asia Pacific and Latin America.

• The U.S. contributed significantly to the gearbox & gear motors market growth in North America, accounting for 61% share in the region. The U.S. market is characterized by a growing emphasis on industrial automation and the widespread adoption of Industry 4.0 principles. North American market for gearbox & gear motors was valued at USD 3.8 billion in 2024.
   
• The growing need for effective power transmission solutions across a range of industries, including material handling, food and beverage, pharmaceuticals, and construction, is one of the primary drivers in the U.S. The market is expanding due to the continued growth of industrial robotics, investments in renewable energy, especially wind power, and a growing focus on small and energy-efficient solutions. Manufacturers focus on innovation, providing customizable options, maintenance-free solutions, and the integration of smart monitoring systems for predictive maintenance.
   
• Asia Pacific held the largest share of the gearbox & gear motors market in 2024, driven by growth in manufacturing activities and rising automotive production in the region. The demand for efficient and precise gearboxes and gear motors is primarily driven by the increasing adoption of industrial automation and robotics in various industries, such as material handling, food and beverage, packaging, and the automotive sector. The market expansion in the region is also driven by high investments in renewable energy projects, especially wind power, as well as the increased emphasis on energy efficiency and sustainable manufacturing practices.
   

Gearbox & Gear Motors Market Share

• The top companies in the gearbox & gear motors industry include ABB, SEW-EURODRIVE GmbH & Co. KG, Siemens AG, Sumitomo Heavy Industries, Ltd., and NORD Drivesystems Group and collectively hold a share of 30-35% in the market. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broad customer base, and strengthen their market position.
   

Gearbox & Gear Motors Market Companies

Major players operating in the global gearbox & gear motors industry are:

• ABB
• Bonfiglioli S.p.A.
• Dunkermotoren
• Elecon Engineering Co. Ltd.
• Flender International GmbH
• NGL
• Nidec Corporation
• NORD Drivesystems Group
• Portescap
• Regal Rexnord Corporation
• SEW-EURODRIVE GmbH & Co. KG
• Shanthi Gears Limited
• Siemens AG
• Sumitomo Heavy Industries Ltd.
• Top Gear Transmissions
   

SEW-EURODRIVE GmbH & Co. KG offers a comprehensive range of modular system of gearmotors, gear units, motors, industrial gear units, decentralized drives, and automation solutions. The company serves a wide range of industries from logistics and the automotive sector to the food and beverage sector. It offers highly adaptable, reliable, and energy-efficient drive solutions.
 

Siemens AG has a broad portfolio that includes automation, digitalization, and electrification. The company’s Digital Industries and Smart Infrastructure divisions offer integrated drive technologies, industrial automation systems, and control solutions.
 

 Gearbox & Gear Motors Industry News

• In November 2024, Innomotics South Africa launched geared motor assembly center in Midrand (South Africa), aimed to provide enhanced production and delivery capabilities that align with the company’s product and service offerings.
   
• In February 2024, NGL launched two wind energy gearboxes, the 10MW front-end integrated 3P1H high-speed gearbox and the 20MW fully integrated transmission chain gearbox.
   
• In March 2023, Elecon Engineering announced the launch of its state-of-the-art industrial gearbox, the 'NEW EON', at Delhi (India). The NEW EON gearbox is easy to maintain, easy to install, and features compact size, and is highly efficient with its high torque and gear ratio, thereby offering less downtime and improved productivity.
   

The gearbox & gear motors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:

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Market, By Type

• Helical Gear
• Planetary Gear
• Bevel Gear
• Worm Gear
• Others

Market, By Product Type

• Gearbox
• Gear Motor Unit

Market, By Rated Power

• Up to 7.5 kW
• 7.5 kW to 75 kW
• Above 75 kW

Market, By End Use Industry

• Material Handling
• Automotive
• Food and Beverages
• Medical
• Wind Power
• Metals and Mining
• Others

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • South Africa
  • Saudi Arabia
  • UAE