Global Parallel Shaft Geared Motors Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Shaft Type;

Hollow Shaft, Solid Shaft, Splined Hollow Shaft, and Hollow Shaft with Shrink Disc.

By Stage;

2-Stage, 3-Stage, and Others.

By Material;

Aluminum Alloy, and Cast Iron.

By Application;

Logistics, Food & Beverages, Chemical, and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn292474279 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Parallel Shaft Geared Motors Market (USD Million), 2021 - 2031

In the year 2024, the Global Parallel Shaft Geared Motors Market was valued at USD 2177.53 million. The size of this market is expected to increase to USD 3064.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global parallel shaft geared motors market is witnessing steady growth, driven by the increasing demand for efficient power transmission solutions across various industries. Parallel shaft geared motors are widely used in applications that require high torque, compact design, and energy efficiency. These motors feature parallel shafts, which allow for seamless power transmission while minimizing space requirements, making them ideal for industries such as material handling, food and beverage, automotive, and packaging. The market is expanding as industries continue to seek reliable and durable motor solutions that enhance operational efficiency and reduce energy consumption.

One of the key drivers of market growth is the rising adoption of automation and industrial machinery in manufacturing sectors. As industries increasingly shift toward automated systems to improve productivity and reduce labor costs, the demand for parallel shaft geared motors has surged. These motors are essential for conveyor systems, robotics, and industrial machines that require precise torque control and smooth operation. Furthermore, technological advancements such as the integration of smart sensors and predictive maintenance features are enhancing the performance and longevity of parallel shaft geared motors, making them more attractive to end users.

The market is also influenced by the growing focus on energy efficiency and sustainability. Governments and regulatory bodies worldwide are enforcing strict energy efficiency standards, pushing industries to adopt advanced motor solutions that consume less power while delivering high performance. Parallel shaft geared motors, known for their high mechanical efficiency and reduced energy loss, are increasingly preferred in eco-friendly industrial setups. Additionally, the rising adoption of renewable energy solutions, such as wind and solar power, is further driving the need for efficient power transmission components, contributing to market growth.

Despite the positive outlook, the global parallel shaft geared motors market faces challenges such as high initial costs, complex installation requirements, and competition from alternative motor technologies. However, continuous advancements in materials, manufacturing processes, and digitalization are expected to address these challenges, making these motors more cost-effective and easier to integrate into various applications. As industries continue to evolve and prioritize efficiency, the demand for parallel shaft geared motors is anticipated to grow, solidifying their role in modern industrial automation and energy-efficient systems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Shaft Type
    2. Market Snapshot, By Stage
    3. Market Snapshot, By Material
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Parallel Shaft Geared Motors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for automation and industrial efficiency
        2. Expansion of manufacturing and material handling industries
        3. Rising investments in renewable energy and infrastructure
      2. Restraints
        1. High initial costs and maintenance expenses
        2. Availability of alternative drive technologies
        3. Skilled labor shortages in industrial sectors
      3. Opportunities
        1. Technological advancements in geared motor designs
        2. Increasing adoption in emerging markets
        3. Growth in renewable energy and sustainable manufacturing sectors
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Parallel Shaft Geared Motors Market, By Shaft Type, 2021 - 2031 (USD Million)
      1. Hollow Shaft
      2. Solid Shaft
      3. Splined Hollow Shaft
      4. Hollow Shaft with Shrink Disc
    2. Global Parallel Shaft Geared Motors Market, By Stage, 2021 - 2031 (USD Million)
      1. 2-Stage
      2. 3-Stage
      3. Others
    3. Global Parallel Shaft Geared Motors Market, By Material, 2021 - 2031 (USD Million)
      1. Aluminum Alloy
      2. Cast Iron
    4. Global Parallel Shaft Geared Motors Market, By Application, 2021 - 2031 (USD Million)
      1. Logistics
      2. Food & Beverages
      3. Chemical
      4. Other Applications
    5. Global Parallel Shaft Geared Motors Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Siemens
      2. SEW-Eurodrive
      3. Nord
      4. Bosch Rexroth
      5. Emerson
      6. ABB
      7. Sumitomo Heavy Industries
      8. Bonfiglioli
      9. Rexnord
      10. WEG
      11. TECO
      12. Watt Drive Antriebstechnik GmbH
      13. Bauer Gear Motor
      14. STOBER
      15. ZAE AntriebsSysteme
      16. JiangSu Tai Xing Long Reducer
      17. Zhejiang Tongli Heavy Gear
      18. Jiangsu Haoke
  7. Analyst Views
  8. Future Outlook of the Market