QYResearch recently published a report on the harmonic drive market. They found that the industrial robot industry consumed 46% of harmonic drives in 2016, while semiconductor and machine tool industries consumed the remaining 54%. The harmonic drive market was valued at $246.05 million in 2016 and is expected to grow to $367.81 million by 2022, representing a CAGR of 6.93%. HDSI dominates the market with 84.89% share in 2016, while the Asia-Pacific region represented the largest market at $196.14 million.

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Global Harmonic Drive Insights and
Overview
Author: qinwei
Company: QYResearch
Date: 2017/5/02
Recently, QYResearch have published a report on harmonic drive market. Worldwide, industry
robot industry was the largest consumer of Harmonic Drive, which is responsible for about 46
percent of Harmonic Drive consumption in 2016. The remaining 60 percent was consumed for
Semiconductor Production Equipment Industry and Machine Tools Industry among others. We
learned that industrial robot and semiconductor manufacturing equipment fields’ equipment
will become smaller and more complex (e.g., more joints) while micro-fabrication needs at
semiconductor fabs are also set to rise. Our analysts believe it will grow fast of service robots,
medical equipment, as well as aerospace, environmental, and energy fields in the next five

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years, because the largest supplier HDSI have already started finding more use in these fields.
We estimated the world-wide harmonic drive market was valued at $ 246.05 million in 2016,
and is expected to generate revenue of $ 367.81 million by end of 2022, growing at a CAGR of
slightly above 6.93 % between 2016 and 2022.
HDSI is the dominant worldwide supplier of harmonic drive gear, there are other small
manufacturers in China and North America. Therefore, market share concentration is highly
concentrated. The largest operators HDSI account for about 84.89 % of total industry sales in
2016. Other Key market players include Leaderdrive and Beijing CTKM Harmonic Drive among
others.
On the basis of region, Asia-Pacific Harmonic Drive market size was valued at around $ 196.14
million in 2016, followed by North America and Europe. Japan hold the global largest market
because the main uses are for industrial robot manufacturers, however, many customers are
shifting production to china etc. Also, China’s demand increasing demand depend on local
Chinese robot manufacturers. In the Europe and North America, it is forecasts rising demand
for light, precise robot mechanisms to deal with high personnel/medical expenses personnel
costs. Possibility that robot markets based around new concepts/specialized services from
Google and others will develop.

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Figure Global Harmonic Drive Market Share by Applications in 2016
Source: QYR Machinery & Equipment Research Center, Apr 2017
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Analyst :qinwei@qyresearch.com