The Global External Gear Motors Market was valued at US$ 3.85 billion in 2024 and is projected to reach US$ 5.7 billion by 2030, at a CAGR of 6.6% during the forecast period 2024-2030.
The United States External Gear Motors Market was valued at US$ 1.15 billion in 2024 and is projected to reach US$ 1.75 billion by 2030, at a CAGR of 7.2% during the forecast period 2024-2030.
External Gear Motors are power transmission devices using external gear sets to convert hydraulic power into mechanical rotary motion for industrial applications.
The industrial automation sector dominated 2023 with 48% market share, deploying over 2.5 million units globally. Manufacturing efficiency increased 42% through advanced gear designs and precision engineering. Heavy machinery applications expanded 52% with integration of smart monitoring systems. Operating life extended 45% through implementation of new metallurgical compounds. IoT integration reached 58% of new installations, enabling predictive maintenance capabilities. Noise reduction technologies achieved 32% improvement in operational sound levels. Agriculture sector applications grew 42% with precision farming adoption. Custom solutions expanded 45% for specialized industrial applications. Smart factory integration rose 55% with Industry 4.0 adoption.
Report Overview
This report provides a deep insight into the global External Gear Motors market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global External Gear Motors Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the External Gear Motors market in any manner.
Global External Gear Motors Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
- Bosch Rexroth
- Parker
- Mitsubishi Electric
- Rotary Power
- Kawasaki
- HYDAC
- Bison Gear
- Multi Products
- High Performance Type
- Standard Type
- Mobile Applications
- Factory Automation
- Machinery Applications
- Engineering
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the External Gear Motors Market
- Overview of the regional outlook of the External Gear Motors Market:
- Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
- This enables you to anticipate market changes to remain ahead of your competitors
- You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
- The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post-sales analyst support
Customization of the Report
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Drivers
- Growing Demand for Automation in Industries
- The surge in industrial automation is a significant driver for the external gear motors market. Industries like manufacturing, food processing, automotive, and material handling require reliable and compact motors that can handle varying loads and speeds. External gear motors are ideal for these environments due to their robustness and energy efficiency.
- Increased Demand for Energy Efficiency
- Energy-efficient systems are increasingly sought after to reduce operational costs and environmental impacts. External gear motors, with their high torque output and low energy consumption, help industries reduce power usage while maintaining high performance. This shift toward energy-saving solutions is fueling growth in the market.
- Compact Design and Versatility
- External gear motors are known for their compact design, which makes them ideal for applications where space is limited. Their ability to deliver high power output relative to their size makes them essential in sectors such as robotics, automotive, and appliances, driving market demand.
- Expansion of Electric Vehicles (EVs) and Hybrid Vehicles
- The global shift toward electric vehicles and hybrid electric vehicles is a crucial driver for external gear motor adoption. These motors are used in various EV applications, including steering, transmission, and auxiliary systems, offering high performance with reduced weight and space consumption.
- Robust Performance in Harsh Conditions
- External gear motors are highly durable and able to function in demanding conditions, such as high temperatures, vibrations, and exposure to dust and moisture. This characteristic is especially valued in the construction, mining, and agricultural industries, where environmental factors can be harsh.
Restraints
- High Initial Cost
- Despite their efficiency, external gear motors can come at a higher initial purchase cost compared to other types of motors. The sophisticated design and materials used in high-quality external gear motors make them more expensive, which can deter some businesses from adopting them, especially small to mid-sized enterprises with budget constraints.
- Complexity in Maintenance
- While external gear motors are durable, their complexity in design can make them more challenging to maintain compared to simpler motor types. This complexity can lead to higher maintenance costs, and the need for specialized knowledge and skills to troubleshoot or repair the motors.
- Competition from Alternative Motor Technologies
- The external gear motor market faces competition from other motor technologies, such as brushless DC motors and stepper motors, which are also gaining traction due to their performance characteristics. Companies may choose alternative motor solutions that better suit their specific application needs, affecting the growth of external gear motors.
- Limited Speed Control Range
- External gear motors may have limitations when it comes to fine-tuning speed control, especially in applications that require precise and variable speed adjustments. This limitation may cause industries with such requirements to prefer other motor types that offer better speed regulation.
Opportunities
- Advancements in Smart Technology
- With the rise of Industry 4.0 and smart factories, external gear motors can be integrated into smart manufacturing systems. These motors can be enhanced with sensors, IoT connectivity, and AI-powered control systems to improve performance, predictive maintenance, and remote monitoring. The adoption of these innovations presents a substantial opportunity for market expansion.
- Growth in Renewable Energy Projects
- External gear motors are used in wind turbines, solar power systems, and other renewable energy applications for controlling mechanical systems and ensuring optimal performance. As the global demand for renewable energy solutions grows, there will likely be an increased demand for these motors.
- Increasing Applications in Robotics and Automation
- Robotics and automation are rapidly expanding fields, particularly in logistics, manufacturing, and healthcare. External gear motors, due to their compact design and high performance, are well-suited for robotic actuators, providing opportunities for growth in these sectors.
- Rising Demand in the Automotive Sector
- With electric and autonomous vehicles becoming more widespread, external gear motors are being increasingly used in power steering, braking systems, and transmission control. This growing sector presents a significant opportunity for the market, as automotive companies are constantly seeking efficient and compact powertrain solutions.
- Emerging Markets and Urbanization
- Rapid urbanization and industrialization in emerging markets, particularly in Asia-Pacific, offer a significant growth opportunity. Countries like China and India are investing heavily in infrastructure and manufacturing, driving demand for more efficient and robust motor systems like external gear motors.
Challenges
- Raw Material Costs and Supply Chain Issues
- The cost of raw materials used in manufacturing external gear motors, such as high-grade steel and rare earth metals, can be volatile. Supply chain disruptions or price fluctuations can significantly affect production costs and lead to pricing pressures in the market.
- Technological Obsolescence
- As technology advances, there is always the risk of older motor technologies becoming obsolete or overshadowed by newer, more efficient designs. External gear motors must continuously innovate and improve to stay competitive, or they risk losing market share to more advanced alternatives.
- Environmental Regulations and Standards
- With increasing global awareness of environmental sustainability, manufacturers are facing pressure to comply with stricter environmental regulations. This may require redesigning motors to meet emissions standards or reducing energy consumption, which could increase the complexity and cost of production.
- Dependence on Specialized Applications
- While external gear motors are highly versatile, their primary usage in specific applications can limit their growth potential in broader markets. The niche nature of the market means that a downturn in key industries such as automotive or heavy machinery can have a significant impact on sales.
