Global Worm Reducer Market Insights and Forecast to 2027

A worm reducer is one type of reduction gear box which consists of a worm pinion input, an output worm gear, and features a right angle output orientation. This type of reduction gear box is generally used to take a rated motor speed and produce a low speed output with higher torque value based on the reduction ratio. They often can solve space-saving problems because the worm reducers is one of the sleekest reduction gearboxes available due to the small diameter of its output gear.
The Worm Reducers market is less concentrated market; key players include Motovario, NORD, Bonfiglioli, Siemens, Nidec-Shimpo, Tsubakimoto Chain, Boston Gear, Sankyo Seisakusho, Fixed Star Group, Makishinko, STM, Elecon, IPTS and so on the revenue of top ten manufacturers accounts about 25.77% of the total revenue in 2018. The Worm Reducers is classified into the drum shaped worm type and cylindrical worm type according to the worm type. As of 2018, cylindrical worm type segment dominates the market contributing more than 64.15% of the total market share. Worm Reducers are major applied in Automotive & Transportation, Food Industry, Construction Industry, Industrial Equipment, etc., in 2018, demand for Construction Industry occupied the largest market, with 32.92% market share.

Market Analysis and Insights: Global Worm Reducer Market
The global Worm Reducer market is valued at US$ 746.1 million in 2019. The market size will reach US$ 1060.9 million by the end of 2026, growing at a CAGR of 5.1% during 2021-2026.

Global Worm Reducer Scope and Segment
Worm Reducer market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Worm Reducer market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Drum Shaped Worm Type
Cylindrical Worm Type
Cylindrical Worm Type had a larger market share in 2018, about 64.15%.

Segment by Application
Automotive & Transportation
Food Industry
Construction Industry
Industrial Equipment
Other
Diamond Wire Saw is more used in industrial equipment, with a market share of 32.92% in 2018.

By Company
Motovario
NORD
Bonfiglioli
Siemens
Nidec-Shimpo
Tsubakimoto Chain
Boston Gear
Sankyo Seisakusho
Fixed Star Group
Makishinko
STM
Elecon
IPTS
Kumera Corporation
SITI
Kahlig Antriebstechnik
Hangzhou Xingda Machinery
JVL
YUK

Production by Region
Asia
Europe
North America

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E