“Following a 2.4% contraction in 2020, the global market for geared motors and heavy-duty industrial gears saw 8.4% year-on-year growth in 2021, as a result of surging pent-up demand, distributor’s stockpiling amid supply chain disruption and rising product prices. Economic uncertainty will see the market cool in 2022, with 2023 predicted for the lowest growth rate of the forecast period. Asia Pacific – the largest regional market – will achieve the highest growth rate globally, with a CAGR of 5% out to 2025. EMEA and the Americas are both expected to register a healthy CAGR of 4.7% out to 2025. Though extensive market interviews and tertiary level data analysis, the report provides comprehensive and in-depth analysis into the geared motors and industrial (heavy-duty) gears market. It enables automation vendors to access the deepest possible insight into the mechanical power transmission technology field.”
Providing a deep understanding of the market and economic trends driving and restricting growth, the 2nd edition of this well-respected report delivers insight and in-depth analysis into the geared motors and industrial (heavy-duty) gears market.
This report also comes with our “tertiary-level” dataset with deeper analysis of product data by industry by country as the result of the most accurate and detailed segmentation of the geared motors and industrial (heavy-duty) gears market.