Parallel Shaft Geared Motors Market

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 Others

By Geography;

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

Parallel Shaft Geared Motors Market Overview

Parallel Shaft Geared Motors Market (USD Million)

Parallel Shaft Geared Motors Market was valued at USD 2177.53 million in the year 2024. 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%.


Parallel Shaft Geared Motors Market

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 2177.53 Million
Market Size (2031)USD 3064.01 Million
Market ConcentrationMedium
Report Pages378
2177.53
2024
3064.01
2031

Major Players

  • Siemens
  • SEW-Eurodrive
  • Nord
  • Bosch Rexroth
  • Emerson
  • ABB
  • Sumitomo Heavy Industries
  • Bonfiglioli
  • Rexnord
  • WEG
  • TECO
  • Watt Drive Antriebstechnik GmbH
  • Bauer Gear Motor
  • STOBER
  • ZAE AntriebsSysteme
  • JiangSu Tai Xing Long Reducer
  • Zhejiang Tongli Heavy Gear
  • Jiangsu Haoke

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Parallel Shaft Geared Motors Market

Fragmented - Highly competitive market without dominant players



The Parallel Shaft Geared Motors Market is experiencing notable growth, driven by its ability to deliver high torque within compact spaces. Industries are increasingly adopting these motors, with usage expanding by over 35% as businesses prioritize efficient and space-saving power transmission solutions.

Industrial Applications Driving Growth
Sectors such as manufacturing, processing, and mining are major contributors to the demand for parallel shaft geared motors. Nearly 40% of industries now rely on these motors for continuous operations, valuing their strength, durability, and reduced maintenance requirements in demanding environments.

Innovations Enhancing Efficiency
Advances in gear materials, lubrication, and design have made parallel shaft geared motors more efficient and reliable. About 45% of modern production integrates noise reduction and improved safety features, aligning well with the rise of automation and smart manufacturing practices.

Energy-Saving Advantages
The increasing need for energy-efficient technologies has accelerated adoption. Roughly 50% of organizations report energy savings after switching to these geared motors, thanks to optimized gear ratios and minimal power loss. This efficiency helps industries reduce costs and meet sustainability objectives

  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. 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. 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. Parallel Shaft Geared Motors Market, By Stage, 2021 - 2031 (USD Million)
      1. 2-Stage
      2. 3-Stage
      3. Others
    3. Parallel Shaft Geared Motors Market, By Material, 2021 - 2031 (USD Million)
      1. Aluminum Alloy
      2. Cast Iron
    4. Parallel Shaft Geared Motors Market, By Application, 2021 - 2031 (USD Million)
      1. Logistics
      2. Food & Beverages
      3. Chemical
      4. Others
    5. 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