Industrial Gearbox Market Set for Rapid Growth to Reach Value $31.90 billion by 2023
The global industrial gearbox market reached USD 25.21 billion in 2017. It is projected to reach USD 31.90 billion by 2023, growing at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. In addition to this, the increasing automation in manufacturing technology is facilitating the...