The global helical geared motor market is experiencing significant growth and is expected to grow considerably in the next few years. A motor is an indistinguishable part of any industry, be it manufacturing or construction. It is basically used for inducing motion in other machines. One such motor is helical geared motor. Helical geared motors are compact and often housed in a sealed cast iron casing for clean and hygienic operation. These motors are robust and can easily handle high load applications due to its nature of producing high torque. A helical geared motor can transmit power in parallel, inline or at an angle, hence they are classified as inline, parallel, and angled helical geared motors. Moreover, helical geared motors are easily maintainable and can be washed. This makes them a great choice for pharma, food processing and other hygienically sensitive industries. Moreover, helical geared motors are advanced machinery and major players in the helical geared motor industry adopt advanced technologies to increase the efficiency and capacity of the products to sustain the competition in the helical geared motor market.
Market Scope and Structure Analysis
Description
Helical geared motors are especially designed to transmit rotational energy to other machines at variable RPMs. These motors contain a helical gear assembly which is well known in industry for producing high torque at low RPMs. Further, the tooth of helical gears is cut at an angle, this allows the helical tooth to gradually mesh together with other helical gear, and this arrangement contributes to a quieter and smoother performance of the motors. Such properties of helical geared motors make them efficient and durable.
COVID-19 Impact Analysis
- The COVID-19 pandemic ceased the production of various products in the helical geared motor industry, which is attributed to the global lockdown. This has hampered the growth of helical geared motor market from the last few months and is likely to continue during 2021.
- COVID-19 has already affected the sales of helical geared motor in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
- The major demand for helical geared motor was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for Helical Geared Motor.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Helical geared motor manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
- Helical geared motor manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
Increase in private-public partnerships (PPPs) to promote infrastructural development is one of the important driving factors for the helical geared motor market. PPPs have been implemented in various countries, such as South Korea and India. The boost in PPPs and surge in investments through private channels is expected to assist in boosting the manufacturing industry, thereby driving the demand and growth of helical geared motor market. Moreover, high durability, efficiency, and low noise features offered by helical geared motors boost their demand in the utilities and manufacturing sectors over the traditionally used spur geared motors. They are compact and require less energy to operate as compared to similar-sized spur geared motors. These features of this equipment are anticipated to increase its demand. However, high initial cost of helical geared motors is one of the restraining factors hindering the growth of helical geared motor market. Contrarily, technological developments in helical geared motor products such as adoption of uniblock design and employing advanced safety measures boost the efficiency of the equipment as well as result in a lower number of accidents caused due to mishandling these motors. This is anticipated to create lucrative opportunities for the growth of helical geared motor market during the forecast period.
Market Trends
- New products that contain improved capabilities are launched by leading market players. They take necessary steps to improve efficiency of devices and overall functionality. For instance, the WEG group offers many innovative helical geared motors that are uinblock. This means that the motor and gear are housed in a single block so that it can be equipped with two mount seals for use in hygiene-sensitive industries.
- Similarly, competitors in the helical geared motor market adopted acquisition as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in January 2022, Altra Industrial Motion Corp. specializing in manufacturing and supplying of highly engineered motion control, automation, power transmission, and engine braking systems and components, completely acquired Nook Industries, Inc., which is involved in offering linear motion systems and solutions.
- Moreover, business expansion strategies also assist in enhancing the geographic footprint of the company and help in gaining significant market share for helical geared motor products. For instance, in Feb 2021, Regal completed its merger with Rexnord PMC, creating Regal Rexnord Corporation.
Key Benefits of the Report
- This study presents the analytical depiction of the helical geared motor industry along with the current trends and future estimations to determine the future investment pockets.
- The report presents information related to key drivers, restraints, and opportunities, along with detailed analysis of the helical geared motor market share.
- The current market is quantitatively analyzed to highlight the helical geared motor market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Helical geared motor market analysis based on competitive intensity and how the competition will take shape in coming years.
Helical Geared Motor Market Report Highlights
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