PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401992
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401992
Parallel Shaft Planetary Reducer Market Forecasts to 2030 - Global Analysis By Type, By Application and By Geography
According to Stratistics MRC, the Global Parallel Shaft Planetary Reducer Market is growing at a CAGR of 5.5% during the forecast period. The Parallel Shaft Planetary Reducer Market involves gear mechanisms that provide torque reduction and speed control. Widely used in various industries, including robotics and automation, these reducers enhance efficiency, precision, and power transmission. Their compact design, high torque density, and reliability make them advantageous for diverse applications.
Market Dynamics:
Driver:
Increasing demand for automation in industries
Industries increasingly embrace automated processes to enhance efficiency and precision, the need for advanced motion control components like parallel shaft planetary reducers intensifies. These reducers play a pivotal role in translating and regulating torque and speed in various automated applications, ensuring seamless and controlled movement of machinery. Their ability to provide high precision and efficiency aligns with the requirements of automated systems, making them integral components in the evolving landscape of industrial automation. Consequently, the parallel shaft planetary reducer market is propelled by the ongoing shift towards increased mechanization and automated manufacturing processes.
Restraint:
Limited torque capacity
These reducers excel in applications requiring compact designs and high efficiency, certain models may face limitations in handling exceptionally high torque loads. In scenarios demanding robust power transmission capabilities, the constrained torque capacity becomes a crucial factor hindering the widespread adoption of parallel shaft planetary reducers. Industries engaged in heavy-duty applications, such as mining or heavy machinery, may find the torque limitations restrictive, necessitating alternative solutions like helical or bevel gears.
Opportunity:
Increasing demand for energy-efficient solutions
Industries worldwide intensify their focus on sustainability and reduced energy consumption, the inherent efficiency of parallel shaft planetary reducers becomes a key asset. These reducers excel in delivering precise and controlled motion with minimal energy loss, aligning with the growing emphasis on eco-friendly practices. The heightened interest in energy-efficient solutions positions parallel shaft planetary reducers as essential components in the evolving landscape of sustainable industrial processes. This trend not only enhances the market prospects for planetary reducers but also underscores their pivotal role in contributing to the broader goals of energy conservation and environmental responsibility.
Threat:
Fluctuating raw material prices
Parallel shaft planetary reducers are often constructed using materials like steel and alloys, and fluctuations in the prices of these raw materials can substantially impact production costs. Manufacturers are vulnerable to sudden increases in material costs, which can erode profit margins and disrupt pricing strategies. The threat of rising raw material prices necessitates strategic supply chain management and pricing adjustments, potentially leading to increased product costs for end-users.
COVID-19 Impact:
The COVID-19 pandemic disrupted the Parallel Shaft Planetary Reducer Market, causing supply chain challenges, production delays, and a decline in demand across various industries. Lockdowns and restrictions impeded manufacturing activities, leading to a slowdown in the production of planetary reducers. The economic uncertainties during the pandemic also influenced investment decisions, affecting the overall market growth. However, the increased focus on automation and recovery in manufacturing post-pandemic is expected to drive the demand for planetary reducers, emphasizing their role in resilient and automated industrial processes.
The right-angle planetary reducers segment is expected to be the largest during the forecast period
The right-angle planetary reducers segment is expected to have a lucrative growth. Characterized by a right-angle input and output shaft arrangement, these reducers are ideal for situations with spatial constraints, allowing for efficient use of limited space. Their compact design makes them suitable for diverse applications, such as conveyor systems, where a 90-degree redirection of power is necessary. Right-angle planetary reducers ensure precision and controlled motion while accommodating the spatial requirements of various industrial setups, contributing significantly to the market's versatility and applicability.
The textile industry segment is expected to have the highest CAGR during the forecast period
The textile industry segment is anticipated to witness the fastest CAGR growth during the forecast period. Parallel shaft planetary reducers are extensively used in textile machinery for applications like spinning and weaving. Their compact design and high efficiency contribute to the precision required in textile processes, ensuring the controlled movement and optimal performance of various components. Whether regulating the speed of spinning wheels or controlling the tension in weaving machines, these reducers enhance the overall efficiency of textile manufacturing. As the textile industry continues to prioritize productivity and precision, parallel shaft planetary reducers remain integral components in achieving these objectives.
Region with largest share:
During the forecast period, it is expected that the North American market will continue to hold a majority of the market share driven by robust industrialization and technological advancements. The region's manufacturing sector, particularly in the United States, relies extensively on precision machinery and automation, fostering a consistent demand for high-performance motion control components like parallel shaft planetary reducers. The presence of key players and a focus on innovation further contribute to the market's growth. Moreover, the region's commitment to energy efficiency aligns with the benefits offered by planetary reducers, enhancing their adoption across diverse industries in North America.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period driven by its exhibiting robust growth and significant market share. The region's industrial expansion, particularly in countries like China and India, drives the demand for automation solutions, including parallel shaft planetary reducers. The burgeoning manufacturing sector, coupled with increased investments in infrastructure and robotics, fosters a conducive environment for market growth. As industries prioritize efficiency and precision in their operations, the demand for these reducers is poised to escalate, positioning Asia Pacific as a key geographical stronghold in the global parallel shaft planetary reducer market.
Key players in the market:
Some of the key players in Parallel Shaft Planetary Reducer market include SEW-EURODRIVE, Apex Dynamics Inc., Bauer Gear Motor GmbH, Bonfiglioli, Brevini Power Transmission, Gudel Group AG, Neugart GmbH, Renold plc, Rossi Gearmotors, Siemens AG, Sumitomo Drive Technologies, WITTENSTEIN SE and ZHAOWEI Machinery & Electronics Co., Ltd.
Key Developments:
In October 2023, Siemens and Elvia partner to increase grid capacity in parts of Norway by 2030 with SaaS solution. Siemens' software has been deployed to Norwegian distribution system operator (DSO) Elvia, with the goal to future-proof its distribution grid management. Siemens' low voltage software, LV Insights® X, and advanced distribution management system, Spectrum PowerTM 7 ADMS, are now operational and will provide Elvia with relevant insights to flexibly manage its grid and increase capacity fast.
In March 2023, Bonfiglioli S.p.A completes the acquisition of Selcom Group S.p.A., specialized in the design, production and sale of electronic boards, electronic products, as well as software and solutions for customers in the industrial, biomedical, automotive, intra-logistics and home-appliance automation sectors.
In September 2022, Sumitomo Partners with Conetic Resources Corporation. CRC has served the mining, materials handling and power industries since 2002 as the premier manufacturer's representative organization in the Western United States. With decades of experience in OEM design/supply engineering and manufactured product application expertise, CRC will be a great fit with Sumitomo.
Types Covered:
- In-Line Planetary Reducers
- Right-Angle Planetary Reducers
- Flanged Output Planetary Reducers
- Precision Planetary Reducers
- Coaxial Planetary Reducers
- Other Types
Applications Covered:
- Textile Industry
- Industrial Automation
- Automotive Industry
- Mining and Construction Equipment
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Parallel Shaft Planetary Reducer Market, By Type
- 5.1 Introduction
- 5.2 In-Line Planetary Reducers
- 5.3 Right-Angle Planetary Reducers
- 5.4 Flanged Output Planetary Reducers
- 5.5 Precision Planetary Reducers
- 5.6 Coaxial Planetary Reducers
- 5.7 Other Types
6 Global Parallel Shaft Planetary Reducer Market, By Application
- 6.1 Introduction
- 6.2 Textile Industry
- 6.3 Industrial Automation
- 6.4 Automotive Industry
- 6.5 Mining and Construction Equipment
- 6.6 Other Applications
7 Global Parallel Shaft Planetary Reducer Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 SEW-EURODRIVE
- 9.2 Apex Dynamics Inc.
- 9.3 Bauer Gear Motor GmbH
- 9.4 Bonfiglioli
- 9.5 Brevini Power Transmission
- 9.6 Gudel Group AG
- 9.7 Neugart GmbH
- 9.8 Renold plc
- 9.9 Rossi Gearmotors
- 9.10 Siemens AG
- 9.11 Sumitomo Drive Technologies
- 9.12 WITTENSTEIN SE
- 9.13 ZHAOWEI Machinery & Electronics Co., Ltd.
List of Tables
- Table 1 Global Parallel Shaft Planetary Reducer Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Parallel Shaft Planetary Reducer Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Parallel Shaft Planetary Reducer Market Outlook, By In-Line Planetary Reducers (2021-2030) ($MN)
- Table 4 Global Parallel Shaft Planetary Reducer Market Outlook, By Right-Angle Planetary Reducers (2021-2030) ($MN)
- Table 5 Global Parallel Shaft Planetary Reducer Market Outlook, By Flanged Output Planetary Reducers (2021-2030) ($MN)
- Table 6 Global Parallel Shaft Planetary Reducer Market Outlook, By Precision Planetary Reducers (2021-2030) ($MN)
- Table 7 Global Parallel Shaft Planetary Reducer Market Outlook, By Coaxial Planetary Reducers (2021-2030) ($MN)
- Table 8 Global Parallel Shaft Planetary Reducer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 9 Global Parallel Shaft Planetary Reducer Market Outlook, By Application (2021-2030) ($MN)
- Table 10 Global Parallel Shaft Planetary Reducer Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 11 Global Parallel Shaft Planetary Reducer Market Outlook, By Industrial Automation (2021-2030) ($MN)
- Table 12 Global Parallel Shaft Planetary Reducer Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 13 Global Parallel Shaft Planetary Reducer Market Outlook, By Mining and Construction Equipment (2021-2030) ($MN)
- Table 14 Global Parallel Shaft Planetary Reducer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 15 North America Parallel Shaft Planetary Reducer Market Outlook, By Country (2021-2030) ($MN)
- Table 16 North America Parallel Shaft Planetary Reducer Market Outlook, By Type (2021-2030) ($MN)
- Table 17 North America Parallel Shaft Planetary Reducer Market Outlook, By In-Line Planetary Reducers (2021-2030) ($MN)
- Table 18 North America Parallel Shaft Planetary Reducer Market Outlook, By Right-Angle Planetary Reducers (2021-2030) ($MN)
- Table 19 North America Parallel Shaft Planetary Reducer Market Outlook, By Flanged Output Planetary Reducers (2021-2030) ($MN)
- Table 20 North America Parallel Shaft Planetary Reducer Market Outlook, By Precision Planetary Reducers (2021-2030) ($MN)
- Table 21 North America Parallel Shaft Planetary Reducer Market Outlook, By Coaxial Planetary Reducers (2021-2030) ($MN)
- Table 22 North America Parallel Shaft Planetary Reducer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 23 North America Parallel Shaft Planetary Reducer Market Outlook, By Application (2021-2030) ($MN)
- Table 24 North America Parallel Shaft Planetary Reducer Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 25 North America Parallel Shaft Planetary Reducer Market Outlook, By Industrial Automation (2021-2030) ($MN)
- Table 26 North America Parallel Shaft Planetary Reducer Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 27 North America Parallel Shaft Planetary Reducer Market Outlook, By Mining and Construction Equipment (2021-2030) ($MN)
- Table 28 North America Parallel Shaft Planetary Reducer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 29 Europe Parallel Shaft Planetary Reducer Market Outlook, By Country (2021-2030) ($MN)
- Table 30 Europe Parallel Shaft Planetary Reducer Market Outlook, By Type (2021-2030) ($MN)
- Table 31 Europe Parallel Shaft Planetary Reducer Market Outlook, By In-Line Planetary Reducers (2021-2030) ($MN)
- Table 32 Europe Parallel Shaft Planetary Reducer Market Outlook, By Right-Angle Planetary Reducers (2021-2030) ($MN)
- Table 33 Europe Parallel Shaft Planetary Reducer Market Outlook, By Flanged Output Planetary Reducers (2021-2030) ($MN)
- Table 34 Europe Parallel Shaft Planetary Reducer Market Outlook, By Precision Planetary Reducers (2021-2030) ($MN)
- Table 35 Europe Parallel Shaft Planetary Reducer Market Outlook, By Coaxial Planetary Reducers (2021-2030) ($MN)
- Table 36 Europe Parallel Shaft Planetary Reducer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 37 Europe Parallel Shaft Planetary Reducer Market Outlook, By Application (2021-2030) ($MN)
- Table 38 Europe Parallel Shaft Planetary Reducer Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 39 Europe Parallel Shaft Planetary Reducer Market Outlook, By Industrial Automation (2021-2030) ($MN)
- Table 40 Europe Parallel Shaft Planetary Reducer Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 41 Europe Parallel Shaft Planetary Reducer Market Outlook, By Mining and Construction Equipment (2021-2030) ($MN)
- Table 42 Europe Parallel Shaft Planetary Reducer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 43 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Country (2021-2030) ($MN)
- Table 44 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Type (2021-2030) ($MN)
- Table 45 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By In-Line Planetary Reducers (2021-2030) ($MN)
- Table 46 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Right-Angle Planetary Reducers (2021-2030) ($MN)
- Table 47 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Flanged Output Planetary Reducers (2021-2030) ($MN)
- Table 48 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Precision Planetary Reducers (2021-2030) ($MN)
- Table 49 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Coaxial Planetary Reducers (2021-2030) ($MN)
- Table 50 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 51 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Application (2021-2030) ($MN)
- Table 52 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 53 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Industrial Automation (2021-2030) ($MN)
- Table 54 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 55 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Mining and Construction Equipment (2021-2030) ($MN)
- Table 56 Asia Pacific Parallel Shaft Planetary Reducer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 57 South America Parallel Shaft Planetary Reducer Market Outlook, By Country (2021-2030) ($MN)
- Table 58 South America Parallel Shaft Planetary Reducer Market Outlook, By Type (2021-2030) ($MN)
- Table 59 South America Parallel Shaft Planetary Reducer Market Outlook, By In-Line Planetary Reducers (2021-2030) ($MN)
- Table 60 South America Parallel Shaft Planetary Reducer Market Outlook, By Right-Angle Planetary Reducers (2021-2030) ($MN)
- Table 61 South America Parallel Shaft Planetary Reducer Market Outlook, By Flanged Output Planetary Reducers (2021-2030) ($MN)
- Table 62 South America Parallel Shaft Planetary Reducer Market Outlook, By Precision Planetary Reducers (2021-2030) ($MN)
- Table 63 South America Parallel Shaft Planetary Reducer Market Outlook, By Coaxial Planetary Reducers (2021-2030) ($MN)
- Table 64 South America Parallel Shaft Planetary Reducer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 65 South America Parallel Shaft Planetary Reducer Market Outlook, By Application (2021-2030) ($MN)
- Table 66 South America Parallel Shaft Planetary Reducer Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 67 South America Parallel Shaft Planetary Reducer Market Outlook, By Industrial Automation (2021-2030) ($MN)
- Table 68 South America Parallel Shaft Planetary Reducer Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 69 South America Parallel Shaft Planetary Reducer Market Outlook, By Mining and Construction Equipment (2021-2030) ($MN)
- Table 70 South America Parallel Shaft Planetary Reducer Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 71 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Country (2021-2030) ($MN)
- Table 72 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Type (2021-2030) ($MN)
- Table 73 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By In-Line Planetary Reducers (2021-2030) ($MN)
- Table 74 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Right-Angle Planetary Reducers (2021-2030) ($MN)
- Table 75 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Flanged Output Planetary Reducers (2021-2030) ($MN)
- Table 76 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Precision Planetary Reducers (2021-2030) ($MN)
- Table 77 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Coaxial Planetary Reducers (2021-2030) ($MN)
- Table 78 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Other Types (2021-2030) ($MN)
- Table 79 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Application (2021-2030) ($MN)
- Table 80 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Textile Industry (2021-2030) ($MN)
- Table 81 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Industrial Automation (2021-2030) ($MN)
- Table 82 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Automotive Industry (2021-2030) ($MN)
- Table 83 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Mining and Construction Equipment (2021-2030) ($MN)
- Table 84 Middle East & Africa Parallel Shaft Planetary Reducer Market Outlook, By Other Applications (2021-2030) ($MN)
