Global Speed Reducers Market Overview:
Speed reducers, also known as gear reducers, is basically a gear train between the motor and the machinery that is used to reduce the speed with which power is transmitted. They are mechanical gadgets by and large utilized for two purposes. Speed reducer's primary use is to duplicate the measure of torque produced by an information power source to expand the measure of usable work and second is to reduce the input power source speed to achieve anticipated output speeds and this application of the speed reducer is driving the market.
- Growing Demand of Speed Reducers for Mining Industry Globally
- Increasing Transportation and Construction Industry
- Increasing Rapid Industrialization in Developing Countries
- Robust Competitive Rivalry Might Stagnant Demand of the Speed Reducers
- Technological Advancement and Invationtion In Speed Reducers and Rising Investment in Research and Development
Some of the key players profiled in the report are Sumitomo Heavy Industries, Ltd. (Japan), ABB Motors and Mechanical Inc. (United States), Nidec Shimpo Corporation (Japan), Bosch Rexroth AG (Germany), Altra Industrial Motion (United States), Winsmith (United States), Toledo Gearmotor Co (United States), Ramsey Winch (United States), Hub City Inc (United States) and Bonfiglioli (Italy). The Manufacturers having a strong hold in the market are Sumitomo Heavy Industries, Ltd., ABB Motors and Mechanical Inc., Nidec Shimpo Corporation, and Bosch Rexroth AG. Additionally, following companies can also be profiled that are part of our coverage like Renold (United Kingdom), SEW-EURODRIVE GmbH & Co KG (Germany), Flender (Germany), JiangSu Guomao Reducer (China) and Tailong Group (China). Analyst at AdvanceMarketAnalytics see United States and European Manufacturers to retain maximum share of Global Speed Reducers market by 2024. Considering Market by End Use Verticals, the sub-segment i.e. Automotive Industry will boost the Speed Reducers market. Considering Market by Distribution Channel, the sub-segment i.e. OEMs will boost the Speed Reducers market.
On 28 February 2018, Flender has announced that the company is expanding its portfolio of application-specific gear units and, with the Planurex 3 L for roller presses, is bringing out gear units with the currently highest available power density in the market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Speed Reducers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Speed Reducers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Speed Reducers Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.