Global Harmonic Drive Market Research Report 2024

The global Harmonic Drive market was valued at US$ 836.1 million in 2023 and is anticipated to reach US$ 1772.9 million by 2030, witnessing a CAGR of 11.2% during the forecast period 2024-2030.

Harmonic Drive Market

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.

HDSI, Leaderdrive and Nidec-Shimpo are the top 3 players of Harmonic Drive, with about 93% market shares.

This report aims to provide a comprehensive presentation of the global market for Harmonic Drive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Harmonic Drive.

Report Scope

The Harmonic Drive market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Harmonic Drive market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Harmonic Drive manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of Harmonic Drive Market Report