Harmonic Drive Market to Grow at a CAGR of 15.6% in terms of revenue till 2024johndsouzaind | March 27, 2019 | 0 | Machinery and Equipments
Harmonic Drive Market 2019-2024
Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts Wave Generator, Flex spline, and Circular Spline . It provides excellent features not found in other speed reducers.
From a global perspective, Japan currently holds the core technology of harmonic drive reducers and forms a technical barrier to high-performance reducers. It is difficult for companies in other regions to reach their technical level. In China, the number of companies producing harmonic drive is about ten or so, and most of them are not scaled up. They are only satisfied with the needs of the low-end market and have a small scale, and they are positioned as low-end product markets. In the United States, Canada, and South Korea also have R&D and production companies.
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According to this study, over the next five years the Harmonic Drive market will register a 15.6% CAGR in terms of revenue, the global market size will reach US$ 1060 million by 2024, from US$ 510 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Harmonic Drive business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Harmonic Drive market by product type, application, key manufacturers and key regions and countries.
This study considers the Harmonic Drive value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Flat Panel Equipment
Printing, Bookbinding and Paper Machine
Metal Working Machine
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Beijing CTKM Harmonic Drive
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Harmonic Drive consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Harmonic Drive market by identifying its various subsegments.
Focuses on the key global Harmonic Drive manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Harmonic Drive with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Harmonic Drive submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Customization of this Report can be done as per client’s requirement.
Name: Jennifer Daniel
Organization: Planet Market Reports