PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1274813
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1274813
India Worm Gear Reducers Market - By Type ; By Power rating ; By End Use, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Worm Gear Reducers Market Size Expands at Steady CAGR of 5.2% During 2023-2029.
India worm gear reducers market is flourishing due to a rising demand for worm gear reducers in maritime applications, construction machinery, and a growing need for high-performance, energy-efficient gearboxes.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India Worm Gear Reducers Market size to grow at a steady CAGR of 5.22% by 2029. An increasing demand for elevators and escalators, as well as the growing mining and automotive industries, are primarily responsible for the market's growth. The market for worm gear reducers in India is expected to expand throughout the given time frame. Expansion of the India worm gear reducers market is expected to be positively impacted by the rising number of investments intended to advance several industries, such as wind power and other renewable energy sources. However, due to drawbacks such as lubrication leakage, overheating, excessive friction, and axial tensions, the India worm gear reducers market growth may be constrained.
India Worm Gear Reducers Market - Overview:
A mechanical device known as a worm gear reducer uses two or more gears to reduce the speed of a spinning shaft. The use of a worm gear reducer can result in a smaller, more compact system than traditional gearbox designs. Also, because the worm drives the gears rather than the other way around, it is less likely to slip while under strain. They are ideal for heavy-duty applications where dependable power transmission is necessary.
Impact of COVID-19 on India Worm Gear Reducers Market
COVID-19 pandemic hampered the growth of the India worm gear reducers market. Revenue and sales were down for players in the automobile and automotive industries. It hampered the growth of the market for worm gear reducers. Thus, the suspension of several corporate operations hampered the growth of the India worm gear reducers market.
India Worm Gear Reducers Market - By End Use
India worm gear reducers market is segmented into Ships, Construction Machinery, Machine Tools, and others based on end use. The market for worm gear reducers by end use is led by the construction machinery segment. Rising demand for industrial robots, which are utilized in a range of industries including automotive, consumer electronics, medical equipment, and food processing, could drive the growth. Also, as the country's urbanization rate rises, there is a greater requirement for infrastructure development, which will increase product demand during the period in analysis.
Competitive Landscape:
India worm gear reducers market is competitive. Major players in the market include Anbhuti Power System, J D Automation, N. S. Technocrats Private Limited, P.G Drive, Kavitsu, Anand Gears, Pearl Engineers, Powertek Equipment Co., Mayuresh Gears Pvt. Ltd., Boston Gear, Rotork Controls (India) Ltd, and Ketterer Drives. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the India worm gear reducers market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Worm Gear Reducers Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Worm Gear Reducers Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Worm Gear Reducers Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing demand for escalators and elevators
- 3.2.1.2. High penetration of gearboxes in automotive and mining industries
- 3.2.2. Restraints
- 3.2.2.1. High repair cost of gear reducer
- 3.2.3. Opportunities
- 3.2.3.1. Rapid technological advancements
- 3.2.4. Challenges
- 3.2.4.1. Less product differentiation reduces moat
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Worm Gear Reducers Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.1.2. Market Share and Forecast
- 4.1.3. By Type
- 4.1.3.1. Orthogonal
- 4.1.3.2. Parallel-shaft
- 4.1.3.3. Coaxial
- 4.1.3.4. Others
- 4.1.4. By Power rating
- 4.1.4.1. <1 kW
- 4.1.4.2. 1-3 kW
- 4.1.4.3. 3-5.5 kW
- 4.1.4.4. 5.5-7.5 kW
- 4.1.4.5. 7.5-11 kW
- 4.1.4.6. >11 kW
- 4.1.5. By End Use
- 4.1.5.1. Machine tools
- 4.1.5.2. Construction machinery
- 4.1.5.3. Ships
- 4.1.5.4. Others
5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. India Worm Gear Reducers Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on India Worm Gear Reducers Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Anbhuti Power System
- 7.2. J D Automation
- 7.3. N. S. Technocrats Private Limited
- 7.4. P.G Drive
- 7.5. Kavitsu
- 7.6. Anand Gears
- 7.7. Pearl Engineers
- 7.8. Powertek Equipment Co.
- 7.9. Mayuresh Gears Pvt. Ltd.
- 7.10. Boston Gear
- 7.11. Rotork Controls (India) Ltd
- 7.12. Ketterer Drives
- 7.13. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 India Worm Gear Reducers Segmentation
- Figure 2 India Worm Gear Reducers Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Worm Gear Reducers Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Worm Gear Reducers Market Share, By Type, By Value, 2019-2029
- Figure 6 India Worm Gear Reducers Market Share, By Power Rating, By Value, 2019-2029
- Figure 7 India Worm Gear Reducers Market Share, By End Use, By Value, 2019-2029
List of Tables
- Table 1 India Worm Gear Reducers Market Size, By Value (USD Million), 2019-2029
- Table 2 India Worm Gear Reducers Market Size, By Type, By Value, 2019-2029
- Table 3 India Worm Gear Reducers Market Size, By Power Rating, By Value, 2019-2029
- Table 4 India Worm Gear Reducers Market Size, By End Use, By Value, 2019-2029
- Table 5 Anbhuti Power System Company Overview
- Table 6 Anbhuti Power System Financial Overview
- Table 7 J D Automation Company Overview
- Table 8 J D Automation Financial Overview
- Table 9 N. S. Technocrats Private Limited Company Overview
- Table 10 N. S. Technocrats Private Limited Financial Overview
- Table 11 P.G Drive Company Overview
- Table 12 P.G Drive Financial Overview
- Table 13 Kavitsu Company Overview
- Table 14 Kavitsu Financial Overview
- Table 15 Anand Gears Company Overview
- Table 16 Anand Gears Financial Overview
- Table 17 Pearl Engineers Company Overview
- Table 18 Pearl Engineers Financial Overview
- Table 19 Powertek Equipment Co. Company Overview
- Table 20 Powertek Equipment Co. Financial Overview
- Table 21 Mayuresh Gears Pvt. Ltd. Company Overview
- Table 22 Mayuresh Gears Pvt. Ltd. Financial Overview
- Table 23 Boston Gear Company Overview
- Table 24 Boston Gear Financial Overview
- Table 25 Rotork Controls (India) Ltd Company Overview
- Table 26 Rotork Controls (India) Ltd Financial Overview
- Table 27 Ketterer Drives Company Overview
- Table 28 Ketterer Drives Financial Overview
