Market Snapshot:
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.
Segment Analysis
AMA Research have segmented the market of Global Worm Reducer market by Type, Application and Region. On the basis of Type, Cylindrical Worm Type are dominating the market in the year 2020 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 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Increasing Use of Double Reduction Worm Reducer
Market Drivers
High Speed Reduction In Minimal Space and Smoothest And Quietest Of The Gear Systems,
Opportunities
Demand For Cylindrical Worm Reducer and Increasing Consumption of Worm Reducer in Construction Industry
Restraints
- High Cost of Worm Reducer
In addition to the aforementioned factor, High Speed Reduction In Minimal Space
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
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
The key Manufacturers profiled in the study are 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). A lot of United States and European players are profiled in the research study indicating a strong market dependence.