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Malaysia gear motors market is expected to grow at a significant CAGR in the forecast period. Rapid industrialization to improve the economic condition of the country along with the requirements of the growing population is influencing the gear motors market growth. The need for efficient power transmission technology to ensure minimal loss and the high demand for energy in all crucial industry verticals including metal & mining, food & beverage, wind power, material handling, amongst others is expected to contribute significantly to the gear motors market growth in the next five years. The launch of projects aiming at infrastructural development and the expansion of current infrastructure along with the growing adoption of privatization to obtain better results is expected to fuel the market growth. An increase in urbanization in search of quality living standards and better job opportunities is creating the need for more electricity generation and consumption in urban areas. Ongoing research and development activities by the market players to introduce enhanced gear motors with higher efficiency and performance are accelerating the growth of the gear motors market. The rise in the adoption of automation technology in various end-user industries to enhance efficiency and minimize the chances of error is expected to fuel the growth of the gearbox market.
Malaysia gear motors market is segmented into type, product type, rated power, torque, end use industry, regional distribution, and company. Based on the end use industry, the market can be divided into wind power, metals and mining, automotive, construction, chemicals & petrochemicals, power generation (excluding wind power), others. Wind power is expected to witness growth in the forecast period, 2022-2026 owing to the growing demand for eco-friendly energy sources. The growing burden on conventional energy sources and the effect of harmful emissions from fossil fuel energy sources is influencing the growth of the wind power segment.
The major players operating in the Malaysia gear motors market are Eaton Corporation PLC, Siemens Malaysia, Baldor Electric Company, Johnson Electric Holdings Limited, Sumitomo Heavy Industries Ltd., Rossi Malaysia, Bonfiglioli Riduttori S.P.A., Oriental Motors Malaysia, Emerson Electric (M) Sdn Bhd., Fly Automation Sdn Bhd., and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021E
- Forecast Period: 2022F-2026F
Objective of the Study:
- To analyze the historical growth in the market size of Malaysia gear motors market from 2016 to 2020.
- To estimate and forecast the market size of Malaysia gear motors market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast Malaysia gear motors market based on type, product type, rated power, torque, end use industry, regional distribution, and company.
- To identify dominant region or segment in the Malaysia gear motors market.
- To identify drivers and challenges for Malaysia gear motors market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Malaysia gear motors market.
- To identify and analyze the profile of leading players operating in Malaysia gear motors market.
- To identify key sustainable strategies adopted by market players in Malaysia gear motors market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across Malaysia. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers, which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across Malaysia.
The publisher calculated the market size of Malaysia gear motors market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Gear motor manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to gear motors market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Malaysia gear motors market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Malaysia Gear Motors Market, By Type:
- Helical Gear Motors
- Helical-Bevel Gear Motors
- Worm
- Planetary
- Others
Malaysia Gear Motors Market, By Product Type:
- Gearbox
- Gear Motor
Malaysia Gear Motors Market, By Rated Power:
- Up to 7.5 kW
- 7.5 kW to 75 kW
- Above 75 kW
Malaysia Gear Motors Market, By Torque:
- Up to 10,000 Nm
- Above 10,000 Nm
Malaysia Gear Motors Market, By Torque:
- Up to 10,000 Nm
- Above 10,000 Nm
Malaysia Gear Motors Market, By End Use Industry:
- Wind Power
- Metals and Mining
- Automotive
- Construction
- Chemicals & Petrochemicals
- Power Generation (Excluding Wind Power)
- Others
Malaysia Gear Motors Market, By Region:
- East Coast Region
- Southern Region
- Northern Region
- East Region
- Central Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Malaysia gear motors market.
Available Customizations:
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Table of Contents
Companies Mentioned
- Eaton Corporation PLC
- Siemens Malaysia
- Baldor Electric Company
- Johnson Electric Holdings Limited
- Sumitomo Heavy Industries Ltd
- Rossi Malaysia
- Bonfiglioli Riduttori SPA
- Oriental Motors Malaysia
- Emerson Electric (M) Sdn Bhd
- Fly Automation Sdn Bhd