Market Highlights
The study reveals that power transmission and motion control equipment are trending in North America region. The power transmission and motion control products are gaining momentum in these region as it is used in a wide variety of high-volume manufacturing processes. These products are more reliable, durable, and cost effective and enhancing the efficiency of manufacturing operations. These power transmission and motion control components such as linear motion slides and actuators, gearboxes, timing belts/pulleys/bushings, and a host of shaft couplings, bore reducers, and other mechanical devices. These components have huge demand in the market as it is widely used in mechanical drivetrains to create movement.
In North America region, the power transmission and motion control demand are growing due to increase efficiency, extend component life and reduce long-term operating costs. The automation requires safe, smart and sustainable production and delivery. The motion control products and devices helps to gain process effectiveness and improve system operations and performance. In 2016, Altra Industrial Motion Corp. went into the agreement to amend its existing credit facility.
The Global power transmission & motion control market analysis is growing rapidly over 30% of CAGR and is expected to reach at USD 255 Billion by the end of forecast period.
Key Players
The prominent players in the global power transmission and motion control market are – Altra Industrial Motion Corporation (U.S.), Cangro Industries, Inc. (U.S.), Forbes Engineering Sales, Inc. (U.S.), Poklar Power Motion, Inc. (U.S.), Custom Machine & Tool Co., Inc. (U.S.), Plastic PowerDrive Products, LLC. (U.S.), E&E Special Products LLC (U.S.), C-Flex Bearing Co., Inc. (U.S), Servo2Go.com Ltd. (U.S.), NMB Technologies Corporation (U.S.) and Applied Motion Products Inc. (U.S), among others
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Segments:
The global power transmission & motion control market has been segmented on the basis of type, components, applications and region.
Global Power Transmission & Motion Control Market By Products:
- Motors
- Gearings
- Clutches & Brakes,
- Belts & Chain Drives
- Hydraulics/Pneumatics
- Others
Global Power Transmission & Motion Control Market By Components:
- Services
- Solutions
- Others
Global Power Transmission & Motion Control Market By Applications:
- Mining
- Automotive
- Aerospace & Defense
- Power Generation
- Pulp & Paper
- Oil & Gas
- Others
Global Power Transmission & Motion Control Market By Regions:
- North America
- Europe
- APAC
- Rest Of The World
Market Research Analysis:
The regional analysis of power transmission and motion control market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in power transmission and motion control market as it has huge demand in various sectors including automotive, healthcare, mining, aerospace and other sectors. The power transmission and motion control market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for power transmission and motion control market and expected to be the highest CAGR in the coming years.
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Intended Audience
- Power transmission and motion control manufacturing companies
- Original equipment manufacturers
- Power transmission and motion control providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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