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1 Feb 2019 - Industrial Gear Motors & Drives Market include power transmission components that are primarily used to reduce cost and complexity in designing machines, tools, and appliances that need high torque at low shaft speed. The market is expected to witness high growth owing to the rising demand of machined products in the mechanical industry. Mechanical industry is projected to grow more than a quarter over the forecasted period mainly due to the increasing demand in industries such as automobile, aerospace, petroleum and food & beverage. The automobile and aerospace industries are forecasted to grow more than 15% CAGR and 11% CAGR respectively, majorly due to the growing consumer demand, economic development, and standard of living. Similarly other industries are expected to report high growth owing to the competition, awareness, and new product development.
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Growing demand of high quality finished product, increasing dependence on automation, growing consumer expectations, and continuous innovation & development are the key drivers that are projected to propel the market growth over the next seven year. These driving factors support the market in reducing cost, time, & other resources, hence in achieving high operational efficiency, MTBF (mean time before failure), and quality. The key restraints that are expected to slightly decrease the market growth are government regulations, stringent emission norms, high competition, low profit margins, and changing consumer behavior
The market is segmented by type into Standard geared products and Precision geared products. Standard geared motors are compliant to IEC/EN standards. These motors majorly come in the power range of 200kW, with a gear unit torques of up to 35,000 Nm. The prime strengths that boost its demand in the market are high rated gear unit torques, high gear unit ratio, quiet geared motors, and high degree of flexibility. On the other hand Precision geared motors are majorly used to exhibit continuous drive applications, high quality, high durability, and high operating life. These motors are primarily segmented to provide medium to high torque ranging from 500 Nm to 7000 Nm. They are typically used in industrial applications such as in driving belts, production lines, and mixers or stirrers (specifically for paints), and in consumer applications such as printing machines, electric curtain rails, and model toy cars. The precision geared products are preferred over standard geared products where there is a demand of continuous drives, medium torque demand, technical bulletins, unparalleled technical support, and web based help features.
1 Feb 2019 - The increasing demand for energy efficient hydraulic equipment is estimated to drive the global Hydraulic Components Market growth over the forecast period. Cutting costs and increased efficiency of the industrial machinery and systems can be achieved through hydraulic components. Energy consumption is often the major contributor to overall costs of owning and operating industrial plants and machinery. On average, energy consumption accounts for between 20 and 30% of total equipment operating costs. And in energy-intensive hydraulic applications, the share of energy costs are often far greater.
Due to lower energy consumption, another benefit is that the hydraulic fluid does not heat up excessively. It is possible to eliminate heat exchangers or fans to cool the power unit. This factor can reduce the system’s up-front costs and complexity resulting in a more compact design. The increased expansions and investments in core sectors such as, steel, infrastructure, mining, oil & gas as well as cement is driving the market for ancillary products including hydraulic components.
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The rapid boom in Infrastructure industry with growing manufacturing sector is anticipated to increase the demand for hydraulic component. For instance government of India planned to invest USD 45 trillion in infrastructure development therefore boosting the demand for construction equipment and hydraulic components such as smooth lifting and lowering of loads. Automation manufacturing sector is estimated to witness high growth owing to growth in sales and product capacity expansion which is expected to positively affect the demand for hydraulics components. Consumer -manufacturing growth is driven by increase in disposable income by consumers, lower household debt burdens and employment gains.
Increasing demand for enhanced productivity, to conserve energy and reduce downtime has been the main objective of automation manufacturers. Hydraulic components are designed to support automation processes in various industries. Emerging economies such as middle east, Latin America and Asia are expected to witness a significant growth in manufacturing, industrialization and infrastructure thereby driving the hydraulic market growth. Improving infrastructure in logistics and transportation coupled with increasing use of hydraulic equipment for material handling in these sectors are expected to be the key opportunities for industry participants. Significant demand for material handling equipment such as dock levers, scissor lifts, and fork lifts with expansion of warehouses facilities are expected to drive the demand for hydraulic components like pistons and cylinders.
22 Jan 2019 - Global Injection Molded Plastic Gears Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Plastic gears are made using engineering plastics like polyacetal (POM) and MC Nylon that are polyamide resin. These are lightweight, non-rusting and can be operated without lubrication by mating with metal gears. Moreover, using a single mold, injection molded plastic components can be produced and are cost efficient as they do not require secondary finishing. It is exclusively used to make tricky shapes like, worms, internal gearing, and cluster gearing.
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Injection Molded Plastic Gears Market is segmented based on accessories, materials, application, and region. Accessories such as Non-Circular Gear, Spur Gears, Segment Gears, Parallel-Axis Helical Gears, Evoloid Gears, Crossed-Axis Helical Gears, Cycloidal Gears, Internal gears, Face Gears, and Planetary Gears classify Injection Molded Plastic Gears Market.
Materials such as High-Performance Plastic Gears, POM Plastic Gears, PC Plastic Gears, Nylon Resin Plastic Gears, PET Plastic Gears, and others classify Injection Molded Plastic Gears Market. Applications into Medical Industry, Automobile Industry, Industrial Equipment, Electronic and Electrical Appliances, and others classify Injection Molded Plastic Gears Market. Injection Molded Plastic Gears Market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
The key players of Injection Molded Plastic Gears Market are Song Horng Precise Plastic, Gleason, Yeh Der Enterprise, Designatronics, FramoMorat, Winzeler Gear, Santomas Vietnam Joint, AmTech International, Nozag, IMS Gear, OECHSLER, Rush Gears, Kohara Gear Industry, Euro Gear, Shuanglin Group, Creative & Bright Group, Nordex, Ningbo Tianlong Electronics, and Essentra. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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18 Jan 2019 - The Global Handheld Label Printer Market is estimated to develop at a substantial CAGR in the years to come. The necessity of proximal and instant admission to label printers by the moveable workers, worldwide, is motivating the progress of this market. Handheld label printers are lightweight and able to work coupled to a computer, offering the required suppleness to an entire crowd of specialists for example marketing administrators, florists, and caterers.
The international Handheld Label Printer Market is divided by Type of Product, Type of End Use, and the Area. The division of the international Handheld Label Printer Market on the source of Type of Product spans Industrial Grade, Commercial Grade and Household & office Grade. The division of the international Handheld Label Printer Market on the source of Type of End Use with reference to intake in terms of Trades, Market stake and Development percentage of Handheld Label Printer for respective end use spans Home & Office & Education, Retail & Logistics, Manufacturing and the others.
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The division of the international Handheld Label Printer Market on the source of Area with reference to the Trades in Thousand Units, Profits in Million US$, Market segment and Development proportion of Handheld Label Printer for these areas spans North America, Europe, Asia-Pacific, and the Rest of the World. By means of area, Asia Pacific is the most important area in Handheld Label Printer Market. The digitization of businesses in this area is motivating the progress of the market.
Usage of progressive expertise is restraining the Handheld Label Printer market in North America. Europe will display a huge promotion in the development of Handheld Label Printer business owing to improved usage of Handheld Label Printer in several arenas. Asia Pacific nations, for example India and China will display vast progress in the Handheld Label Printer international market owing to rise in job openings.
The international handheld label printer market is concerned by means of the existence of a restricted number of companies. Some of the important companies operating in the Handheld Label Printer Market on the international basis are Epson, Brother, 3M, and DYMO. Additional companies in the market consist of Staples, Maplin Electronics, Graphic Products, Office Depot MTC Bio, Argos, and Brady.