首页|Mobile robots providing strong growth to precision gearbox market
Mobile robots providing strong growth to precision gearbox market
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NETL
NSTL
THE GLOBAL PRECISION gearbox and geared motors market is expected to generate revenue of $3.4 billion in 2024, which is up 2.9% from 2023. However, over the next five years we predict a steady growth rate of 7.9%, with 2025 expected to be a strong rebound year and offering the biggest annual growth (10.2%). This is expected to drive growth in the global precision gearbox and geared motors, which is forecast to increase from $3.3 billion in 2023 to $4.8 billion in 2028, with a compound annual growth rate (CAGR)of 7.9%.The largest growth overall is attributed to planetary precision gearboxes and geared motors, where we anticipate a CAGR of 10.2%, taking revenue from $1 billion in 2023 to nearly $1.8 billion in 2028.
NETL
NSTL
