About Worm Reducer
A worm reducer is a type of reduction gearbox that consists of a worm pinion input, an output worm gear, and features a right angle output orientation. These reducers are generally used to take a rated motor speed and produce a low-speed output with higher torque value based on the reduction ratio. These reducers require less space and are the smoothest and quietest of the gear systems, as long as they are properly mounted and lubricated. The increasing demand from the automotive & transportation sector will drive the market size in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The manufacturers of worm reducer market continue to focus on innovation and technological advancements in the product. Such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period. The key players are investing heavily in research & development to enhance the product quality and to overcome problems faced while manufacturing worm reducer products Analyst at AMA Research estimates that United States and European Manufacturers will contribute the maximum growth to Global Worm Reducer market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Motovario S.p.A. (Italy), Sankyo Seisakusho (Japan), Siemens (Germany), Nord Gear Limited (England), Boston Gear LLC (United States), Bonfiglioli (Italy), Makishinko (Japan), Tsubakimoto Chain (Japan), Nidec-Shimpo (Japan), Fixed Star Group (China), SITI Power Transmission USA, Inc. (United States), JVL A/S (Denmark), STM S.P.A (Italy), Kählig Antriebstechnik GmbH (Germany), Kumera Corporation, Elecon Engineering Co. Ltd. (India), YUK (Spain), Hangzhou Xingda Machinery (China) and IPTS, Inc (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Worm Reducer market by Type (Drum Shaped Worm Type and Cylindrical Worm Type), Application (Automotive & Transportation, Food Industry, Construction Industry, Industrial Equipment and Other) and Region.
On the basis of Type, Cylindrical Worm Type are dominating the market in the year 2023 where as Drum Shaped Worm Type stood as second largest market share.
On the basis of geography, the market of Worm Reducer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Reduction Type, the sub-segment i.e. Single Reduction will boost the Worm Reducer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Double Reduction Worm Reducer
Market Growth Drivers:
High Speed Reduction In Minimal Space and Smoothest And Quietest Of The Gear Systems,
Challenges:
Fluctuation in Raw Material Prices
Restraints:
High Cost of Worm Reducer
Opportunities:
Demand For Cylindrical Worm Reducer and Increasing Consumption of Worm Reducer in Construction Industry
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Worm Reducer Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.