harmonic drive

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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 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.

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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
This article was first released by QYResearch analyst, if reproduced, please indicate
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Media Contact:press@qyresearch.com
Analyst :qinwei@qyresearch.com