Geared products market to grow by 7.2% in 2022
Control Engineering
JANUARY 10, 2023
Steep drops in commodity and freight costs in 2023 are expected to push down prices significantly. Regionally, APAC is expected to maintain its lead in the geared products market out to 2027 with a CAGR of 4.5%. from 2021 to 2027, while the EMEA region is forecast growth of 3.8% over the period in question.
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