Global Harmonic Drive Market Overview
The Global Harmonic Drive market size at around USD 210 million in 2019 and is estimated to reach over USD 330 million in 2026, a CAGR of about 7.5%. The rising demand for robots in diverse applications ranging from industrial to medical has boosted the harmonic drive in the robotics industry. Additionally, the disruption of the healthcare industry due to the extensive usage of medical robots and the need for Strain wave gearing, cycloidal drive, and torque transmission are highly benefitting the market growth. The growing automation in the healthcare and industrial sector has increased the demand for robots. Further, the usage of robots for better performing operations resulting in scanning vital signs, the patient's pulse, and others boost the market growth. These main drivers will anticipate the market growth in the robotics industry during the upcoming years. But, the significant challenges which is hindering the adoption of robotics are the cost and lack of skilled people operating the robots.
The increasing use of surgical robots in the healthcare sector, worldwide. Surgical robots playing the role of assisting in surgeries. Currently, a number of hospitals are rapidly adopting surgical robots as is mainly dominated by surgical procedures. Thus, increasing use of surgical robots for providing noteworthy benefits will increase the demand for high precision harmonic drive for robotics. Rising demand for flexibility, compact and precise robots from the industrial sector. Thus, this has also developed the need for actuators and gear which should have compactness, light-weight, precision, and provide maximum performance that can be used in complex robotics. Thus, it will further drive the harmonic drive in the robotics market. The latest trend is the rising adoption of medical robotic globally is likely to open a new window of opportunity in the upcoming years.
Key Players:
The report studies a few key players of the global duplex stainless steel pipe market in detail, covering the company profile, product list, and financial information. The companies included in the report are HDSI, Leaderdrive, Beijing CTKM Harmonic Drive, BHDI and Zhejiang Laifu.
In this market research report, the market is segmented by type, application, and region.
Analysis by Type
By type, the cup style segment dominated the market with over 45% share in 2019. Cup style harmonic drive is perfect for high precision and torque density. It offers the ultimate in precision motion control. The cup-style achieves higher performance than the pancake style in the same package size. The rising demand of high-performance robots in many applications is propelling the demand over the forecast period.
Analysis by Application
Industry robots dominated the market in 2019 with over 45% share. The extensive demand for industrial robots for providing assistance to the professionals during production are enhancing the growth of the industrial robots segment. Also, due to COVID-19 in various countries such as US, Italy, China and other developed countries has raised the demand for the robots at the industrial level. These significant factors are thus fuelling the need for industry robots which are further upsurge the growth of the market.
Analysis by region
Asia Pacific dominated the global market with over 45% share in 2019. The rising use of medical robots and industrial robots are further fuelling the market in Asia Pacific. The rising adoption of robots in China and Japan have also positively impact on the market growth. Also, the rising of the COVID patients globally has also raised the demand for robots which will further accelerate the growth of the harmonic drives market.
Market Segmentation covered in the Report:
By Types
By Applications
By Region
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . HARMONIC DRIVE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Types
3.7.2 By Applications
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 IMPACT ANALYSIS OF COVID-19 OUTBREAK
6 . GLOBAL HARMONIC DRIVE MARKET ANALYSIS BY TYPES
6.1 Overview by Types
6.2 Historical and Forecast Data
6.3 Analysis by Types
6.4 Cup Style Market by Regions
6.6 Hat Style Market by Regions
6.5 Pancake Style Market by Regions
7 . GLOBAL HARMONIC DRIVE MARKET ANALYSIS BY APPLICATIONS
7.1 Overview by Applications
7.2 Historical and Forecast Data
7.3 Analysis by Applications ...