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Published on : Dec 28, 2017

ALBANY, New York, December 28, 2017: ResearchMoz.us has announced the addition of a report, titled “Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024.” The report on the harmonic drive reduction gearbox market offers an assessment of key drivers and restraints, the factors driving the early adoption in various regions, and the competitive dynamics. The study offers insights into the share and size of various application segments, recent technological advancements, emerging opportunities, and current lucrative avenues being tapped by various end-use industries. It further takes a closer look at investment trends in end-use industries and in major regions expected to influence the future trajectory of the market. 

The pressing need for an efficient and smooth gear operation in a vast number of application areas such as robotics, automotive devices, industrial equipment, and data centers, is a primary factor driving the demand for harmonic drives. The demand for better and unique gear tooth function in materials that helps in tooth engagement in applications such as industrial robotics, solar tracking, and aerospace is a notable factor boosting the demand for harmonic drives. The advent of high-end harmonic drives bodes well for the market. 

The market for harmonic drives was value at US$838 million, vis-à-vis revenue, in 2017 and is projected to reach a valuation by the end of the forecast period. The burgeoning use of industrial robots in diverse industries is accentuating the growth of the market. The rising sales of semiconductor manufacturing equipment has stoked the demand for these harmonic drives. The vastly rising application of harmonic drive reduction gearboxes in some specialized aircrafts for enabling vertical takeoff is a notable trend boosting the market. 

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The markedly rising demand for harmonic drives in surgical robots is a key factor opening up exciting avenues in various regions. The growing application of harmonic drives in production lines for tablet devices, smartphones, automobiles, household appliances, and a variety of other products is a notable factor accentuating the growth of the market. 

The rising sales of equipment for flat panel display manufacturing and high levels of investment to bolster production capacity of organic light-emitting diode (OLED) are notable development expected to open up lucrative avenues for market players in the coming years. 

Of all the regions, Japan is at the forefront for the production of high-performance precision gears. However, China with a soaring investment in industrial robots is predicted to present substantial opportunities for market players. A number of robot manufactures are increasingly focused on adopting precision gears. China is anticipated to witness a rising demand for harmonic drive precision strain wave reducer gearboxes in the not-so-distant future. 

Some of the applications are aerospace, aviation, energy, shipbuilding, navigation, machine tools and instruments, electronics equipment, metallurgy, transportation. In addition, the use of gear boxes in various types of machinery such as bionic machinery, petrochemical machinery, lifting machinery, textile machinery, medical Instruments, and agricultural machinery. The rising demand for precision gearing in various industrial robotics manufacturing in several emerging economies is a key factor accentuating the growth of the overall market. 

Leading players include Cone Drive, Nidec-Shimpo America Corporation, Zhejiang Laifu Mould Co. Ltd., Leaderdrive, Beijing CTKM Harmonic Drive, Sumitomo Heavy Industries, Ltd., Harmonic Drive AG. Notable market participants are Harmonic Drive AG, Ningbo Haishu Totel Imp. & Exp. Co., Ltd., Suzhou Green Harmonic Drive Technology Co., Ltd., Bayside Controls, Inc., Nidec-Shimpo America Corporation, Nabtesco Corporation, Motion Control Products, China Harmonic Drive, and Beijing Harmonic Drive Technology Institute (BHDI).

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