The Global Drum Motor Market Report Size was valued at USD 39.5 Bn in 2022 and is expected to reach USD 55.58 Bn by 2029, at a CAGR of 5 %.
The Global Drum Motor Market Report Overview
A new report published by Global Market Intelligence firm, Maximize Market Research, indicates that the The Global Drum Motor Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.
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The Global Drum Motor Market Report Scope
The report provides current The Global Drum Motor market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.
The Global Drum Motor Market Regional Analysis
The The Global Drum Motor market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.
The Global Drum Motor Market Segmentation
According to motor type, the synchronous drum motor segment accounted for the biggest market share in 2022 for drum motors. In comparison to asynchronous motors, these motors are more efficient (have 100% rotor efficiency). Synchronous motor rotors, on the other hand, are between 1.2% and 10% less efficient and are susceptible to slipping, which lowers their efficiency. Different motor types adapt to various application needs by offering differing degrees of efficiency, power, and control.
Conveying system is the application segment in the Drum Motor Market that is anticipated to grow at the highest CAGR during the projection period. In this section, drum motors for belt, roller, chain, and modular conveyors as well as other conveying systems are covered. Drum motors are ideal for a variety of conveying applications because they provide benefits like decreased maintenance, increased reliability, and space savings. However, packaging and sorting applications, where accurate and effective product movement is critical, make substantial use of drum motors. To ensure efficient packing, sorting, and distribution procedures, they are used in the food and beverage, pharmaceutical, e-commerce, and logistics industries.
According to power range, the high-power drum motor segment held the biggest market share in the drum motor industry in 2022. Generally speaking, large-scale sectors like logistics and food and beverage packaging use these motors. The diverse load capabilities and conveyor system sizes across sectors are provided by this division of the various power ratings for drum motors.
According to the end-user industry, the drum motor market is dominated by the food processing sector because to the drum motors' hygienic design, durability, and capacity for handling various loads. Drum motors are frequently employed in processes like food handling, baking, meat processing, dairy production, and beverage production. It is essential for supporting operations like assembly lines, material handling, and production processes in the industrial industry.
Additionally, drum motors enhance general productivity and throughput by enabling effective product moving and sorting in logistics and warehousing operations. Used in transportation, order fulfillment, and inventory management conveyor systems as well.
Drum Motor Market Size and Forecast, by Motor Type (2022-2029)
1. Asynchronous Motors
2. Synchronous Motors
3. DC motors
Drum Motor Market Size and Forecast, by Power Range (2022-2029)
1. Low power (up to 0.5 kW)
2. Medium power (0.5 kW to 2.5 kW)
3. High power (above 2.5 kW)
Drum Motor Market Size and Forecast, Current Type (2022-2029)
1. AC Current
2. DC Current
Drum Motor Market Size and Forecast, by Application (2022-2029)
1. Conveying Systems
2. Packaging and Sorting
3. Bottle recycling
4. X-ray, security scanning system
5. Pharmaceutical handling system
Drum Motor Market Size and Forecast, by End-user Industry (2022-2029)
5. Food Processing
5. Manufacturing
5. Logistics and Warehousing
Drum Motor Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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The Global Drum Motor Market Key Players
1. Interroll Group
2. Rulmeca Group
3. SEW-Eurodrive GmbH & Co. KG
4. Van der Graaf
5. Sparks Belting Company
6. Drum Motor Australia Pty Ltd
7. Broekema Beltway USA Inc.
8. Van Gorp Corporation
9. TSUBAKIMOTO CHAIN CO.
10. Melco Conveyor Equipment
11. Regina Catene Calibrate S.p.A.
12. Hilmot Corporation
13. Chiorino Group
14. Damon Industry
15. Amek Ltd.
16. JJ Loughran
17. ID MOTEUR
18. Nuova Omec Unipersonale srl
19. Rulli Rulmeca S.p.A
20. SIREM
21. Jiangyin Gegewu New Material Technology Co
22. Rulmeca Holding S.p.A
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Key Questions answered in the The Global Drum Motor Market Report are:
- What is The Global Drum Motor?
- What is the forecast period of the The Global Drum Motor Market?
- What is the expected The Global Drum Motor market size by the end of the forecast period?
- What will be the CAGR of the The Global Drum Motor market during the forecast period?
- Who are the key players in the The Global Drum Motor industry?
- Which region held the largest market share in the The Global Drum Motor Market?
- What are the opportunities for the The Global Drum Motor Market?
- What are the factors restraining the The Global Drum Motor market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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The global Overpack Drum Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the overpack drum market include The Cary Company, Berlin Packaging, General Container Corp., New Pig Corporation, American Textile & Supply, Inc., Interstate Products Inc., ENPAC, CP Lab Safety, Skolnik Industries, Inc., Peerless Materials Company, Marine Marketing Services , Cardinal Carryor, and Vimal Barrels Pvt.
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The growing trade of several commodities across the globe, creating the need for efficient and innovative packaging solutions, might create high market demand in the coming years.
The growing retail sector and growing industrial output are anticipated to increase demand for industrial packaging solutions such as overpack drums are positively impacting the overpack drum market’s growth.
