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Industrial and Automotive Power Transmission Products Market Trends

  • Report ID: 3145
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Industrial and Automotive Power Transmission Products Market Trends

Growth Drivers

  • Increase in Adoption of Magnetic Gears
  • Rapid Industrialization Across the Globe

Challenges

  • Technical Challenges
  • High Production and Maintenance Costs

Industrial and Automotive Power Transmission Products Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

9.8%

Base Year Market Size (2023)

USD 213.92 billion

Forecast Year Market Size (2036)

USD 721.24 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Richa Gupta


  • Report ID: 3145
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of industrial and automotive power transmission products is evaluated at USD 230.69 billion.

Industrial and Automotive Power Transmission Products Market size was valued at USD 213.92 billion in 2023 and is set to exceed USD 721.24 billion by 2036, expanding at over 9.8% CAGR during the forecast period i.e., between 2024-2036.

Asia Pacific industry is anticipated to dominate majority revenue share of 40% by 2036

The major players in the market are ABB, B & R Machine and Gear Corporation, ZF Friedrichshafen, Schaeffler AG, Aisin Seiki, Eaton Corporation PLC among others.

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