Global Industrial and Automotive Power Transmission Products Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast 2028


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Shibuya Data Count

Sep 20, 2021, 02:16 EST


Shibuya-ku, Tokyo, Japan, Japan, Sep 20, 2021, 02:16 /Comserve / -- The global industrial & automotive power transmission products market is anticipated to grow with a CAGR of 9.9% during the forecast period, i.e., 2020-2028.

COVID-19 has reformed the way we work and has impacted various aspects of the businesses worldwide. Keeping in mind the multi-faceted challenges and the impact on economies post pandemic, companies are focusing on the risks and probabilities for sustainability, growth, and development from this transition.

The global industrial & automotive power transmission products market is anticipated to grow with a CAGR of 9.9% during the forecast period, i.e., 2020-2028. Factors such as the increasing adoption of magnetic gears for mechanical transmission in different end user industries, along with the growing industrialization worldwide, and the emerging trends of industry 4.0, are some of the major factors anticipated to drive the market growth. The market is further projected to garner a revenue of around USD 342700 Million by the end of 2028.

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The global industrial & automotive power transmission products market is segmented by numerous segments, which include segmentation by product category, application, end user, and by region. Based on application, the market is segmented into industrial and automotive. Amongst these segments, the industrial segment is anticipated to gain a market share of close to 62% in the year 2021. Further, the segment is anticipated to reach about USD 215200 Million by the end of 2028. The market is also segmented by end user into OEM and aftermarket. Out of these segments, the OEM segment is expected to hold the largest market share and further garner a market revenue of close to USD 263160 Million by the end of 2028.

On the basis of region, the global industrial & automotive power transmission products market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Amongst these regions, the market in Asia Pacific is expected to garner the largest market revenue of around USD 138600 Million by the end of 2028. The market in North America, on the other hand, is anticipated to hold the second-leading market share, and further touch about USD 77000 Million by 2028.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-114934
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Industrial and Automotive Power Transmission Products Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast 2028

Some of the prominent industry leaders in the global industrial and automotive power transmission products market that are included in our report are ABB, B & R Machine and Gear Corporation, ZF Friedrichshafen, Schaeffler AG, Aisin Seiki, Eaton Corporation PLC, Nordex, Inc., AB SKF, BorgWarner Inc., Continental AG, and others.

Global Industrial and Automotive Power Transmission Products Market TOC

1. Market Definition
1.1. Market Definition
1.2. Market Segmentation
1.3. Product overview
2. Assumptions and Acronyms
3. Research Methodology
3.1. Research process
3.2. Primary research
3.3. Secondary research
3.4. Market size estimation

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