Power Transmission And Motion Control Market Research Report- Global Forecast 2027

Power Transmission & Motion Control Market, By Products (Motors, Gearings, Clutches & Brakes, Belts & Chain Drivers, Hydraulics/Pneumatics), By Components (Services, Solutions), By Applications (Mining, Automotive, Aerospace & Defense, Power Generation, Pulp & Paper, Oil & Gas) - Forecast 2027

ID: MRFR/SEM/2881-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market overview 


Power transmission and motion control is an eco-friendly technology. The power transmission concept increases efficiency. Power transmission is essential in today’s world. It is a process of transferring power to a location for high-end applications. Further, there are plenty of end-users in the power transmission market. The automotive industry is the key end-user of the power transmission and motion control market. The growth rate of this market is massive in the forecast period. As per the Power Transmission & Motion Control Market Analysis, the market value is projected as USD ~255 Billion. Also, the Power Transmission & Motion Control Market Size is estimated as 30%. The overall power transmission market has three crucial segments. The power transmission and motion control market has three main segments such as services and solution. Also, the key end-users are the automotive industry, aerospace, defence, power generation, oil and gas industry. 


Covid analysis 


Covid 19 has destructive impacts on plenty of global industries. The supply chain disruptions are massive due to the pandemic. The global Motion Control & Power Transmission market is facing a decline in demand during this period. The power transmission and motion control market is facing several limitations due to covid 19. Also, the decline in production is affecting the profitability of the market. The shortage of raw material is another drawback in power transmission and motion control market. Due to this, the growth rate is declining every year. However, the post covid growth of the market looks promising. In the next few years, the power transmission and motion control market is expected to recover and increase productions. 


Market dynamics 



  • Crucial market drivers 


The power transmission and motion control market provide power efficiency in factories. The power transmission offers high precision for automated technologies. Also, by increasing the efficiency of automation the productivity of factories is rising. Further, the product life cycle costs are lower due to the use of power transmission and motion control. The adoption rate of power transmission is the crucial driver for this market. The end-users adopting power transmission is electronics, automotive, food-beverage and chemical industries. Due to these crucial drivers, the power transmission and motion control market demand is increasing at an exponential pace. Also, power transmission is safe energy. It is also known as an eco-friendly energy transmission method. Also, it is a high performance and high-quality energy solution. The requirement for eco-friendly energy transmission is a crucial driver for the market. These two market drivers will intensify in the upcoming years. The crucial driver so the markets are responsible for the massive growth of the market in the forecast period. 



  • Market growth opportunities 


Industry 4.0 is a concept that offers massive growth opportunities for the power transmission and motion control market. Industry 4.0 is all about adopting automation in industries. Also, industry 4.0 is known for implementing the computerization of the manufacturing process. The 4.0 Industry is enhancing motion control systems. It enables flexible control systems that enhance the overall effectiveness of the machines. Several market players such as North America and Europe are adapting to industry 4.0 at a rapid pace. It is ultimately offering more growth opportunities for the overall power transmission market. The up-gradation of technology and the need for efficient technologies are expanding the growth opportunities for the market. As per the Transmission & Motion Control Market Research, growth opportunities will increase the profitability and demand for the market. 



  • Market restraints 


The machinery becomes obsolete and it is has an age cycle. The repair and up-gradation cost for machinery cost more. The use of a motion control system is an expensive process. The cost of using motion control is the major restraint in this market. The cost of replacement and the cost of up-gradation is the restraining factor. It increases the overall cost of the motion control system. The price is a crucial factor that can have a major effect on the market. Most of the end-users require effective technology that comes with cost-efficiency. However, due to the high cost, the end-users become hesitant to purchase the use of the motion control system. Also, the components required to use the motion control system is high. It hikes the inventory cost of the technology. In the forecast period, the price factor may adversely affect the market. 



  • Market challenges 


Due to covid 19, the power transmission market is facing severe supply chain disruptions. The ongoing pandemic has reduced the production of motion control. Also, there are plenty of governmental rules that hamper the use of power transmission. It is a significant challenge to this market. Due to the supply chain disruption, there is a shortage of raw materials in the power transmission ad motion control market. The shortage of raw materials can restrict the demand and supply of power transmission and motion control market. These factors will curb the overall demand and growth of the motion control market. 



  • Cumulative growth analysis 


The power transmission and motion control market has a decent growth rate in the forecast period. However, there are plenty of limitations in the market due to covid 19. The cost of spare parts to use a motion control system is a significant market restraint. Also, the disruption in the supply chain of the market will slow down the production and demand in the forecast period. However, the market is resuming its productions. Therefore, the supply chain disruptions are temporary. The market has exceptional growth opportunities in 2023. The shortage of raw material is another drawback in this market. However, the overall growth of the market looks positive during the forecast period. 



  • Value chain analysis 


The global power transmission and motion control market is segmented into Asia Pacific, Europe and North America. North America is a major contributor to the global market. The well-established power transmission & motion control manufacturers have powerful markets in this region. Also, the adoption of technology in America is higher than in any region. Adoption of 4.0 technologies is happening exponentially. Further, most of the industries already use high-end technologies. The market growth rate in this region will remain uniform in this region. Also, North America holds the maximum Power Transmission & Motion Control Market Share. Further, the market growth opportunities are high in this region. During the forecast period of 2023, North America will witness the highest profitability. 


Market segment 


By product 



  • Hydraulics/Pneumatics

  • Motors

  • Belts & Chain Drives

  • Clutches & Brakes,


By components 



  • Technology 

  • Services 


By application 



  • Oil and gas 

  • Mining 

  • Pulp and paper 

  • Automotive 

  • Power generation 

  • Aerospace and defence 


 By region 



  • Asia pacific 

  • Europe 

  • North America 


Regional Analysis 


North America is the wide market for power transmission and motion control system. The number of automated systems is high in this region. Also, there are plenty of end-users in this market. Especially, the aerospace and automotive industry has high requirements for power transmission in the motion control system. These factors will continue to propel the market growth in the forecast period. Europe is the second-largest power transmission and motion control market. The oil and gas industry and the automotive industry have a high demand for this market. The governmental initiative to use eco-friendly power generation methods will fuel the market growth in the forecast period. The Asia Pacific is the fastest-growing transmission and motion control market. This emerging market has plenty of growth opportunities. The adoption of industry 4.0 is happening at a potential pace in the forecast period. There are plenty of key players in the Asia Pacific region. All these factors will expand the power transmission market in Asia pacific. 


Competitive landscape 


The key player in the market is establishing new strategies in the forecast period. The market expansion and new partnerships are happening in the competitive land space. Also, the key players are trying to take cost-cutting measures in the forecast period. 


The key players of the power transmission and motion control market are 



  • Applied Motion Products Inc.

  • Altra Industrial Motion Corporation

  • NMB Technologies Corporation

  • Cangro Industries, Inc

  • com Ltd

  • Forbes Engineering Sales, Inc

  • E&E Special Products LLC 

  • C-Flex Bearing Co

  • Polar Power Motion, Inc

  • Plastic PowerDrive Products, LLC


Recent development 



  • The key players of the market are making new acquisitions to strengthen the portfolio. The key manufactures are delivering high reliability and flexible system to the automation market. 

  • The key players in the market are making plenty of product developments. They are offering a smart motion control system for low voltage vehicles. This new product is expected to strengthen the portfolio of the market. 

  • The key players of the market are providing a fully programmable drive. They are distributed to many of the end-users. 


Report overview 



  • Market overview highlights 

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments



Frequently Asked Questions (FAQ) :


The key players of the market are Applied Motion Products Inc., Altra Industrial Motion Corporation, NMB Technologies Corporation, Cangro Industries, Inc, Servo2Go.com Ltd, Forbes Engineering Sales, Inc, E&E Special Products LLC, C-Flex Bearing Co., Poklar Power Motion, Inc and Plastic PowerDrive Products, LLC.

The growth rate of this market during the forecast period is 30%.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE:

1.3.1 GLOBAL POWER TRANSMISSION AND MOTION CONTROL MARKET: BY PRODUCTS

1.3.2 GLOBAL POWER TRANSMISSION AND MOTION CONTROL MARKET: BY COMPONENTS

1.3.3 GLOBAL POWER TRANSMISSION AND MOTION CONTROL MARKET: BY APPLICATIONS

1.3.4 GLOBAL POWER TRANSMISSION AND MOTION CONTROL MARKET: BY REGION

2 RESEARCH METHODOLOGY

2.1 RESEARCH

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 POWER TRANSMISSION AND MOTION CONTROL MARKET

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY PRODUCTS

6.2.1.1 MOTORS

6.2.1.2 GEARINGS

6.2.1.3 CLUTCHES & BRAKES

6.2.1.4 BELTS & CHAIN DRIVERS

6.2.1.5 HYDRAULICS/PNEUMATICS

6.2.1.6 OTHERS

6.2.2 BY COMPONENTS

6.2.2.1 SERVICES

6.2.2.2 SOLUTIONS

6.2.2.3 OTHERS

6.2.3 BY APPLICATIONS

6.2.3.1 MINING

6.2.3.2 AUTOMOTIVE

6.2.3.3 AEROSPACE & DEFENSE

6.2.3.4 POWER GENERATION

6.2.3.5 PULP & PAPER

6.2.3.6 OIL & GAS

6.2.3.7 OTHERS

6.2.4 BY REGION

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPANY PROFILES

7.1 ALTRA INDUSTRIAL MOTION CORPORATION (U.S.)

7.2 CANGRO INDUSTRIES, INC. (U.S.)

7.3 FORBES ENGINEERING SALES, INC. (U.S.)

7.4 POKLAR POWER MOTION, INC. (U.S)

7.5 CUSTOM MACHINE & TOOL CO., INC. (U.S.)

7.6 PLASTIC POWERDRIVE PRODUCTS, LLC. (U.S)

7.7 E&E SPECIAL PRODUCTS LLC (U.S)

7.8 C-FLEX BEARING CO., INC. (U.S)

7.9 SERVO2GO.COM LTD. (U.S.)

7.10 NMB TECHNOLOGIES CORPORATION (U.S)

7.11 APPLIED MOTION PRODUCTS INC. (U.S)

7.12 OTHERS

LIST OF TABLES

TABLE 1 POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS

TABLE 2 POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS

TABLE 3 POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS

TABLE 4 POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGIONS

TABLE 5 NORTH AMERICA POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS

TABLE 6 NORTH AMERICA POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS

TABLE 7 NORTH AMERICA POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS

TABLE 8 NORTH AMERICA POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION

TABLE 9 EUROPE POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS

TABLE 10 EUROPE POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS

TABLE 11 EUROPE POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS

TABLE 12 EUROPE POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION

TABLE 13 U.K. POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS

TABLE 14 U.K. POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS

TABLE 15 U.K. POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS

TABLE 16 U.K. POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION

TABLE 17 ASIA-PACIFIC POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS

TABLE 18 ASIA-PACIFIC POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS

TABLE 19 ASIA-PACIFIC POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS

TABLE 20 ASIA-PACIFIC POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION

TABLE 21 REST OF WORLD POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS

TABLE 22 REST OF WORLD POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS

TABLE 23 REST OF WORLD POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS

TABLE 24 REST OF WORLD POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 POWER TRANSMISSION AND MOTION CONTROL MARKET: BY PRODUCTS (%)

FIGURE 3 POWER TRANSMISSION AND MOTION CONTROL MARKET: BY COMPONENTS (%)

FIGURE 4 POWER TRANSMISSION AND MOTION CONTROL MARKET: BY APPLICATIONS (%)

FIGURE 5 POWER TRANSMISSION AND MOTION CONTROL MARKET: BY REGION (%)

FIGURE 6 NORTH AMERICA POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS (%)

FIGURE 7 NORTH AMERICA POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS (%)

FIGURE 8 NORTH AMERICA POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS (%)

FIGURE 9 NORTH AMERICA POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION (%)

FIGURE 10 EUROPE POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS (%)

FIGURE 11 EUROPE POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS (%)

FIGURE 12 EUROPE POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS (%)

FIGURE 13 EUROPE POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION (%)

FIGURE 14 ASIA-PACIFIC POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS (%)

FIGURE 15 ASIA-PACIFIC POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS (%)

FIGURE 16 ASIA-PACIFIC POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS (%)

FIGURE 17 ASIA-PACIFIC POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION (%)

FIGURE 18 ROW POWER TRANSMISSION AND MOTION CONTROL MARKET, BY PRODUCTS (%)

FIGURE 19 ROW POWER TRANSMISSION AND MOTION CONTROL MARKET, BY COMPONENTS (%)

FIGURE 20 ROW POWER TRANSMISSION AND MOTION CONTROL MARKET, BY APPLICATIONS (%)

FIGURE 21 ROW POWER TRANSMISSION AND MOTION CONTROL MARKET, BY REGION (%)