Gearbox & Gear Motors Market Growth at 4% CAGR Until 2034

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2025-05-23 18:47:32 -

The global Gearbox & Gear Motors market was valued at USD 15.3 billion in 2023 and is projected to grow steadily at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2034. Driven by increasing demand across various industrial sectors and advancements in motor technology, the market is expected to reach approximately USD 23.4 billion by 2034, reflecting strong and sustained growth...

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