The global Worm Reducer market was valued at US$ 746.1 million in 2019 and it is expected to reach US$ 1060.9 million by the end of 2026, growing at a CAGR of 5.1% during 2021-2026.
A worm reducer is one type of reduction gear box which consists of a worm pinion input, an output worm gear, and features a right angle output orientation. This type of reduction gear box is generally used to take a rated motor speed and produce a low speed output with higher torque value based on the reduction ratio. They often can solve space-saving problems because the worm reducers is one of the sleekest reduction gearboxes available due to the small diameter of its output gear.
The Worm Reducers market is less concentrated market; key players include Motovario, NORD, Bonfiglioli, Siemens, Nidec-Shimpo, Tsubakimoto Chain, Boston Gear, Sankyo Seisakusho, Fixed Star Group, Makishinko, STM, Elecon, IPTS and so on the revenue of top ten manufacturers accounts about 25.77% of the total revenue in 2018. The Worm Reducers is classified into the drum shaped worm type and cylindrical worm type according to the worm type. As of 2018, cylindrical worm type segment dominates the market contributing more than 64.15% of the total market share. Worm Reducers are major applied in Automotive & Transportation, Food Industry, Construction Industry, Industrial Equipment, etc., in 2018, demand for Construction Industry occupied the largest market, with 32.92% market share.
Global Worm Reducer Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Worm Reducer Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Motovario, Nord, Bonfiglioli, Siemens, Nidec-Shimpo, Tsubakimoto Chain, Boston Gear, Sankyo Seisakusho, Fixed Star Group, Makishinko, STM, Elecon, IPTS, Kumera Corporation, SITI, Kahlig Antriebstechnik, Hangzhou Xingda Machinery, JVL, YUK and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-worm-reducer-market-research-report
Segment by Type
- Drum Shaped Worm Type
- Cylindrical Worm Type
Cylindrical Worm Type had a larger market share in 2018, about 64.15%.
Segment by Application
- Automotive & Transportation
- Food Industry
- Construction Industry
- Industrial Equipment
Diamond Wire Saw is more used in industrial equipment, with a market share of 32.92% in 2018.
Table of Content:
1 Worm Reducer Market Overview
2 Worm Reducer Market Competition by Manufacturers
3 Worm Reducer Retrospective Market Scenario by Region
4 Global Worm Reducer Historic Market Analysis by Type
5 Global Worm Reducer Historic Market Analysis by Application
6 Key Companies Profiled
7 Worm Reducer Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Worm Reducer Market Dynamics
10 Global Worm Reducer Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.