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. In terms of application, machinery manufacturers are the major consumers of geared products. Following a slowdown in sales this year from 2021’s rapid growth rate, 2023 is expected to see sales decline by 0.9%.
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