Strategic Analysis of the Indian Gearboxes and Geared Motors

Frost & Sullivan, May 2011, Pages: 85

This study covers the state of the Indian gearboxes and geared motors market, examining drivers and restraints for growth, technology, demand, and geographical trends. In addition, growth forecasts for regional and market segments are provided. An in-depth analysis of the competitive situation, including vendors' market shares, is performed. The base year is 2010, and the forecast period is 2011-2017. The market is further divided into two sub-segments–gearboxes and geared motors.

Research Overview:

This research service titled Strategic Analysis of the Indian Gearboxes and Geared Motors Market provides current market size, forecasts and the key market drivers and restraints. In this research, expert analysts thoroughly examine the following markets: helical and bevel-helical gearboxes, worm gearboxes, and planetary gearboxes.

Market Overview: Helical Gearboxes Energizes Prospects for the Indian Gearboxes and Geared Motors

Market Booming Economy Ensures Sustained Demand from Diverse End-user Segments

The Indian gearboxes and geared motors market is poised to grow at a compound annual growth rate of (CAGR) of 17.3 per cent over 2010-11 to 2017-18. With India’s GDP growing at 8 to 9 per cent and the government’s continuing thrust on the infrastructure and urban development through projects (Jawaharlal Nehru National Urban Renewal Mission -JNNURM) high growth is anticipated in the end-user industries. These industries include metals and mining, cement, power, water supply and wastewater treatment.

The Planning Commission’s infrastructure-related investment projection for the XI five-year plan (INR 20,271,000.0 million) and its impact on the growth of heavy industries is expected to spur the growth of Indian gearboxes and geared motors market. Continued acceptance of helical technology has enabled greater dominance of these gearboxes in the market for. “Helical gearboxes are known for their reliable design and effective, efficient performance,” notes the analyst of this research service. “The different variations of helical designs, such as helical inline, helical parallel shaft, and the faster growing helical bevel, make this technology suitable for a broad range of applications, thus ensuring sustained demand.” With advantages such as greater efficiency, compact build, lower operating costs and longer lifetime, planetary gearboxes are expected to witness a surge in demand over the coming years.

The development of alternative technologies to geared motors has a considerable impact on overall adoption in the Indian gearboxes and geared motors market. Products such as alternating current (AC) variable speed drives/variable speed motors have been eliciting greater interest from end users, especially from those using low-powered geared motors.

End-users’ changing preference for variable speed drives/motors poses a threat to the growth of the gearboxes and geared motors market. This substitute eliminates the need for a gearbox, with the electric motors being controlled precisely by electric AC drives. While the high prices of the AC drives are a restraint, the trend toward integrated systems will increase the demand for the variable speed drives. This situation is expected to change only if the geared motor manufacturers increase their focus on product advances and provide enhanced service offerings at competitive prices. Factors such as relatively inefficient worm gears technology, presence of unorganized manufacturers, and delay/cancellation of government-aided projects due to political instability are other growth bottlenecks in this market.

Traditionally the top five companies have dominated the Indian gearboxes and geared motors market. However, the market environment is changing significantly with increasing competition from low-cost Tier II and Tier III competitors. The market has also witnessed the entry of several multinational companies, especially from Europe. Smaller participants concentrate more on customized gear box markets in a bid to create a niche for themselves. End users’ growing penchant for faster ROI will drive the gravitation toward integrated solutions. “Participants must improve the awareness levels of the end-users with regard to energy efficiency and help them understand the cost-benefit parameters associated with the possible induction of newer, efficient technologies,” says the analyst. “Lobbying for enforcement of certain regulations which mandate the adoption of such effective and efficient technologies will help better the situation.”

Market Sectors

Expert analysts thoroughly examine the following market sectors in this research:

By Product Type:
- Helical and bevel-helical gearboxes
- Worm gearboxes
- Planetary gearboxes

By End-use Vertical:
- Material handling
- Heavy machinery manufacturers
- Lifts & elevators
- Oil and gas
- Petrochemicals
- Chemicals & fertilizers
- Metals & Mining
- Sugar
- Power
- Cement
- Food & beverages
- Infrastructure
- Lift Gears
- Others (pharma, textiles, pulp & paper, plastic & rubber)

1. Executive Summary
1.1 Research Objective
1.2 Market Segmentation
1.2 Market Overview

2. Research Scope and Objectives
2.1 Aims and Objectives
2.2 OEM Definitions
2.3 End-user Definitions
2.4 Research Methodology

3. Introduction and Market Dynamics
3.1 Introduction
3.2 Market Engineering Measurements
3.3 Industry Challenges
3.4 Market Drivers
3.5 Market Restraints

4. Revenues and Forecasts for Indian Gearboxes and Geared Motors Market
4.1 Revenues by Product Type
4.2 Revenues by End users
4,3 Revenues by Sales Channel
4.4 Revenues by Place of Manufacture
4.5 Competitive Landscape
4.6 Emerging Technology and Shifting Product Preferences

5. Revenue Forecasts
5.1 Gearboxes and Geared Motors Market Forecast
5.2 Revenue Forecast by Product Type
5.3 Revenue Forecast for Helical and Bevel-helical Segment
5.4 Revenue Forecast for Geared Motors Segment
5.5 Revenue Forecast for Worm Gearboxes Segment
5.6 Revenue Forecast for Planetary Gearboxes Segment
5.7 Revenue Forecast by End-user Type
5.8 Revenue Forecast for Material Handling Segment
5.9 Revenue Forecast for Heavy Machinery Manufacturers Segment
5.10 Revenue Forecast for Lifts and Elevators Segment
5.11 Revenue Forecast for Other OEMs Segment
5.12 Revenue Forecast for Oil and Gas Segment
5.13 Revenue Forecast for Petrochemicals, Chemicals and Fertilizers Segment
5.14 Revenue Forecast for Metals and Mining Segment
5.15 Revenue Forecast for Sugar Segment
5.16 Revenue Forecast for Cement Segment
5.17 Revenue Forecast for Power Segment
5.18 Revenue Forecast for Food and Beverages Segment
5.19 Revenue Forecast for Infrastructure Segment
5.20 Revenue Forecast for Lift Gear Segment
5.21 Revenue Forecast for Others Segment

6. Appendix
6.1 Customer Analysis – Material Handling
6.2 Customer Analysis – Elevators
6.3 Customer Analysis – Iron and Steel Processing
6.4 Customer Analysis – Cement Plant Equipment
6.5 Customer Analysis – Sugar Plant Equipment
6.6 End-user Preferences and their Potential Impact on the Market

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