Global Harmonic Drive Precision Gear Reducers Market: By Type (Cup type, hat type, and pancake type), By Application (Aviation, aerospace, Manufacturing robots, mining, and metallurgy, energy, transportation, lifting machinery, petrochemical machinery, instruments, textile machinery, and medical instruments), By regions (North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa)
REPORT HIGHLIGHT
Harmonic drives generated the U.S. $336 million in revenue in 2020, and it is anticipated to reach the U.S. $562 million by 2027. The global market is expected to grow at a staggering growth rate of 19% every year during the forecast period of 2019-2027.
When compared to standard gearing systems, Harmonic Drive is a strain wave gear that improves certain features. The firm Harmonic Drive owns the Harmonic Drive trademark. The operational efficiency of harmonic drives is high compared to other precision gear drives. Reducer performs the task of reducing shocks during high strain gear ratio change for generating massive lift force for quick operation in various applications. The primary driving reasons behind the increased market demand are the deployment of speed reduction capabilities for robots and wind turbines and the provision of appealing industrial controls.
MARKET DYNAMICS
When smooth, efficient gear action is required, the harmonic drive is utilized. The well-known zero backlashes, high torque, small size, and great positional accuracy of harmonic drive precision gearing. The materials used in these applications can wear and break if the gearing in a motor is harsh and rough. The tooth engagement is optimized by a specific gear tooth profile offered by harmonic gear suppliers. Compared to the harmonic drive gear, other high-precision gears wear out in a short period in similar applications.
Robotics firms are among the early adopters—precision gear suppliers, primarily Japanese firms, target markets for industrial robots. Industrial robots are becoming more integrated and capable of performing many jobs consecutively in an automated way, resulting in solid growth. Many new market prospects for harmonic drive reduction gearboxes have emerged from a variety of applications. The drive reduction is used by the VNTOL aircraft to facilitate vertical take-off. It takes off like a helicopter and lands like an aircraft. Surgical robots are one of the more demanding uses for the gearbox. Industrial robots used on manufacturing lines for smartphones, tablets, home appliances, vehicles, and other items saw significant growth in sales year over year. This type of new application of harmonic drive opens up new opportunities for market players for future business expansion.
Sales of semiconductor manufacturing equipment grew as a result of increased capital expenditure and increased demand for industrial equipment, automotive devices, and data center devices. Due to high levels of investment to expand production capacity for LCD and organic E.L. panels, sales of flat panel display manufacturing equipment rose. Target applications include semiconductor liquid crystal manufacturing equipment, solar equipment, optical instruments, precision machine tools, and other cutting-edge fields. Initial high investments and high maintenance costs are two significant growth hampering factors on the demand side. For the supply side, technical prowess in gear manufacturing and industrial reach for the final products restrict a new-entrant into the precision gear reducer market.
MARKET SEGMENTATION
The global market can be segmented on reducer type and gear applications.
Type Takeaway
Cup type, hat type, and pancake type are three significant reducers currently prevailing in the global market. The type of reducer to be used depends on the application requirements. Cup type and pancake type reducer are external reducers, while hat type acts as an internal reducer. The last two types are highly used in industry for manufacturing robots and electronic equipment manufacturing. Hat type reducers are highly used for dynamic applications such as aircraft and space technology. Cup type holds a significant share due to the high demand for precision manufacturing robots.
Application Takeaway:
Aviation, aerospace, shipbuilding, electronic equipment, mining and metallurgy, bionic machinery, commonly used ordnance, energy, transportation, lifting machinery, petrochemical machinery, navigation, machine tools, instruments, textile machinery, agricultural machinery, and medical instruments are all applications for harmonic gear reducers. The industrial robots segment contributes the most to the precision harmonic drive market. The harmonic drive provides industrial robots with agility and precision positioning for performing various operations. The aviation industry also uses these drives for aircraft take-off. It offers a rapid engine speed increase to generate lift during vertical take-offs. It finds similar applications in space vehicle technology as well.
REGIONAL TAKEAWAYS
The global market is segmented into major North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. The Asia Pacific dominates the manufacturing industry with major developing countries such as India and China and technology-driven economies such as Japan and South Korea. Japan is known for producing high-quality precision gears. Japan's prowess in precision manufacturing is due to leading manufacturing practices and several technology-driven firms globally, giving broad product development scope. Thus, the majority of the precision gear suppliers are from Japan. Precision reducers made in Japan are utilized in industrial robots, aviation engines, wind turbines, and solar trackers. Precision gear reducer manufacture is not yet being done at scale in other countries, notably in China. With its massive expenditures in industrial robotics, China would want to be able to mass-produce harmonic drive precision strain wave reducer gearboxes on a large scale. Developed regions of North America and Europe are significant drivers of demand due to heavy industries in these regions and the high demand for robotics technology in the manufacturing space in countries such as the USA, Canada, Germany, and France.
COVID-19 IMPACT
In the early months of 2020, the COIVD-19 epidemic spread. Many countries have imposed strict travel restrictions because of the disease's aggressive nature and broad distribution. Containment measures hurt industrial operations and other economic activity. Many countries' manufacturing supply networks were disrupted as a result of international border closures. Due to supply chain disruption and lukewarm demand, many of the global markets, harmonic drive gear manufacturers faced demand disruption during the pandemic's peak. Due to negative revenues from main business activities, many companies put their manufacturing automation and upgrading plans on hold. It affects robot manufacturers and secondary component suppliers. The semiconductor industry was relatively less affected due to the increasing demand for technological products such as smartphones, computers, and laptops due to the growing adoption of work from home working style. Due to raw material shortages, this industry faced a short disruption in manufacturing. The medical equipment industry was in a better market position due to governments' high demand and priority support. Due to various developments, the precision gear market is expected to observe a slow-down in an upward growth trajectory for a short period.
KEY PLAYERS
Prominent companies in the harmonic drive gear reducer market are MAIN DRIVE Corporation Cone Drive, Leader Precision LLC., Sumimoto Heavy Industries, Parker Bayside, Nabtesco, Harmonic Drive LLC, China Harmonic Drive, Beijing CTKM, KOFON, HDIS, Total Industry Group Shenzhen Han's Motion Technology, and LI-MING Machinery Co. Ltd
Leading harmonic drive suppliers have invested in high-quality technology and procedures to produce cutting-edge strain relief reducer gearbox capabilities. Companies in the Asia Pacific region are collaborating with research companies of the U.S. and Europe for better products to fulfill increasing industrial demand for various applications. On the other hand, they negotiate with manufacturing companies for a better price by signing long-term sourcing agreements.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Manufacturers
- Raw Material Suppliers
- Distributors
- Original Equipment Manufacturers
- Consulting Firms
- Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL HARMONIC DRIVE PRECISION GEAR REDUCER MARKET KEY PLAYERS
- Cone Drive
- Leader Precision LLC.
- Sumimoto Heavy Industries
- Total Industry Group
- Parker Bayside
- Nabtesco
- Harmonic Drive LLC
- China Harmonic Drive
- Beijing CTKM
- KOFON
- HDI
- MAIN DRIVE Corporation
- Shenzhen Han's Motion Technology
- LI-MING Machinery Co. Ltd
- Nidec-Shimpo
GLOBAL HARMONIC DRIVE PRECISION GEAR REDUCER MARKET, BY TYPE
- Cup type
- Hat type
- Pancake type
GLOBAL HARMONIC DRIVE PRECISION GEAR REDUCER MARKET, BY APPLICATION
- Aviation & Aerospace
- Manufacturing robots
- Mining and metallurgy
- Energy
- Transportation
- Lifting machinery
- Petrochemical machinery
- Instruments
- Textile machinery
- Medical instruments
GLOBAL HARMONIC DRIVE PRECISION GEAR REDUCER MARKET, BY REGIONS
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. HARMONIC DRIVE PRECISION GEAR REDUCER MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Types
2.1.2. Market Snippet by Applications
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. HARMONIC DRIVE PRECISION GEAR REDUCER KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. HARMONIC DRIVE PRECISION GEAR REDUCER APPLICATION STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. HARMONIC DRIVE PRECISION GEAR REDUCER MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. HARMONIC DRIVE PRECISION GEAR REDUCER MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. HARMONIC DRIVE PRECISION GEAR REDUCER MARKET – BY TYPES
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2020 & 2027 (%)
7.2. Cup type
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.3. Hat type
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.4. Pancake type
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion
8. HARMONIC DRIVE PRECISION GEAR REDUCER – BY APPLICATIONS
8.1. Overview
8.1.1. Segment Share Analysis, By Applications, 2020 & 2027 (%)
8.2. Aviation & Aerospace
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3. Manufacturing robots
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.4. Mining and metallurgy
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.5. Energy
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.6. Lifting machinery
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.7. Petrochemical machinery
8.7.1. Overview
8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.8. Textile machinery
8.8.1. Overview
8.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.9. Medical instruments
8.9.1. Overview
8.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9. HARMONIC DRIVE PRECISION GEAR REDUCER MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.2.4. North America Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.2.5. North America Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.6.3. U.S. Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.2.6.4. U.S. Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.7.3. Canada Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.2.7.4. Canada Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.3.4. Europe Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.5. Europe Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.6.3. Germany Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.6.4. Germany Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.7.3. Italy Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.7.4. Italy Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.8.3. U.K. Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.8.4. U.K. Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.9.3. France Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.9.4. France Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.10.3. Rest of Europe Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.3.10.4. Rest of Europe Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.4. Asia Pacific
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.4.4. Asia Pacific Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.5. Asia Pacific Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.6.3. India Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.6.4. India Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.7.3. China Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.7.4. China Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.8.3. Japan Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.8.4. Japan Market Size and Forecast, By Applications, 2016 - 2027 (US billion)
9.4.9. Rest of APAC
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.9.3. Rest of APAC Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.4.9.4. Rest of APAC Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.5.4. Latin America Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.5. Latin America Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.6.3. Brazil Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.6.4. Brazil Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.7.3. Mexico Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.7.4. Mexico Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.8.3. Argentina Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.8.4. Argentina Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.6.4. Middle East and Africa Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.6.5. Middle East and Africa Market Size and Forecast, By Applications, 2016 - 2027 (US$ Billion)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.7.3. U.A.E. Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.6.7.4. U.A.E. Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
9.6.8. Rest of MEA
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.8.3. Rest of MEA Market Size and Forecast, By Types, 2016 - 2027 (US$ Billion)
9.6.8.4. Rest of MEA Market Size and Forecast, By Applications, 2016 - 2027 (US Billion)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Sumimoto Heavy Industries
10.2.1.1. Company Overview
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Cone Drive
10.2.3. Leader Precision LLC.
10.2.4. Totel Industry Group
10.2.5. Parker Bayside
10.2.6. Nabtesco
10.2.7. Harmonic Drive LLC
10.2.8. China Harmonic Drive
10.2.9. Beijing CTKM
10.2.10. KOFON
10.2.11. HDI
10.2.12. MAIN DRIVE Corporation
10.2.13. Shenzhen Han’s Motion Technology
10.2.14. LI-MING Machinary Co. Ltd.
10.2.15. Nidec-Shimpo
11. 360 DEGREE ANALYST VIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
