The global geared motors and industrial gears (geared products) market was expected to generate $14.2 billion in revenues in 2023, a slight decrease of 0.7 percent from 2022. However, over the next five years we anticipate the market will resume a steady growth trajectory following a further dip in 2024.

Interact Analysis have recently released the 3rd edition of the Geared Motors and Industrial (Heavy-Duty) Gears report. This market study covers finished geared motors and gearboxes for general industrial use, including light- and heavy-duty products, as well as planetary gears, with the exclusion of precision gearboxes and loose gear parts. In this edition, amidst global macroeconomic uncertainty, market trend projections have become more volatile compared to previous years.