Mechanical Power Transmission Market Is Projected To Increase At A CAGR of 5.2% by 2032

The global mechanical power transmission market is valued at around US$ 65.25 billion in 2022 and is projected to increase at a CAGR of 5.2% to attain a market valuation of US$ 108.3 billion by 2032.

Automotive OEMs are focusing on the reduction of vehicle weight to improve fuel efficiency, which is driving the demand for lightweight components, and, in turn, supporting the demand growth of various mechanical power transmission products such as belt drives and chain drives.

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Competitive Landscape

Key manufacturers of mechanical power transmission products are found to be involved in the development of innovative solutions and cutting-edge technologies to decrease downtime, improve output, and enhance system value.

With growing competition in the market, both regional, as well as global players, are engaged in technological innovation and mergers & acquisition activities to gain higher market share.

For instance :

  • AmTech International has a variety of custom-made gears for mechanical power transmission. This gear range includes spur gears, bevel gears, and worm gears; these gears are designed according to specifications given by the customers. The company uses high-quality materials such as iron, stainless steel, bronze, and carbon steel.

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Key Companies Profiled:

  • ABB
  • Altra Industrial Motion
  • Regal Beloit Corporation
  • Renold
  • Rexnord Corporation
  • Gates Corporation
  • AB SKF
  • The Timken Company
  • ContiTech AG
  • Weasler Engineering
  • BK Power Systems

Key Segments Covered in Mechanical Power Transmission Industry Research

  • By Product :
    • Belt Drives
    • V-belt Drives
    • Synchronous Belt Drives
    • Chain Drives
    • Couplings
    • Clutches
    • Others
  • By End User :
    • Automotive
    • Construction
    • Food & Beverages
    • Metals & Mining
    • Others
  • By Sales Channel :
    • OEMs
    • Aftermarket
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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Questionnaire answered in the Mechanical Power Transmission Market report include:

  • How the market for Mechanical Power Transmission has grown?
  • What is the present and future outlook of the global Mechanical Power Transmission on the basis of region?
  • What are the challenges and opportunities for the Mechanical Power Transmission?
  • Why the consumption of Mechanical Power Transmission highest in region?
  • In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

  • Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Mechanical Power Transmission market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Mechanical Power Transmission market, thus, making it different and special from other reports.
  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Mechanical Power Transmission market and assists to create strategies to overcome the obstacles that may hinder the growth of the Mechanical Power Transmission market.
  • Leverage: The Mechanical Power Transmission market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Mechanical Power Transmission market.

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