Press release
Power Transmission and Motion Control Market Accruals Reach Up To USD 2,565 Million by 2023 At 18.3% of CAGR; Declares MRFR
The power transmission and motion control products are providing environmental friendly business venture and a way to offer green products to customers which is driving the market growth to the large extent. The companies are manufacturing the innovative new motion control and power transmission components and assemblies by which these products can penetrate into the niche market. The power transmission and motion control provides high quality, high performance solutions which enables the machinery to run more efficiently and increase its mean time between failures or repair.
The companies such as Altra Industrial Motion Corporation (U.S.), Cangro Industries, Inc. (U.S.), Forbes Engineering Sales, Inc. (U.S.), Poklar Power Motion, Inc. (U.S.), Custom Machine & Tool Co., Inc. (U.S.), are the leading manufacturers of high performance and cost savings power transmission and motion control equipment in the market. In 2017, Custom Machine & Tool Co., Inc. which is a leading provider of power transmission and motion control products, has launched a new interactive website with more viewing options and content to the detailed information in its product catalogs.
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The global power transmission and motion control market are bifurcated on the basis of products, components, applications and region. The products are segmented into motors, gearings, clutches & brakes, belts & chain drivers, hydraulics/pneumatics and others. The component is segmented into services, solutions and others. The applications are segmented mining, automotive, aerospace & defense, power generation, pulp & paper, oil & gas and others. The region includes North America, Europe, Asia Pacific and rest of the world.
The regional analysis of power transmission and motion control market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in power transmission and motion control market as it has huge demand in various sectors including automotive, healthcare, mining, aerospace and other sectors. The power transmission and motion control market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for power transmission and motion control market and expected to be the highest CAGR in the coming years.
The global Power Transmission and Motion Control Market is expected to grow at USD ~255 Billion by 2023, at ~30% of CAGR between 2017 and 2023.
Major Key Players:
• Altra Industrial Motion Corporation (U.S.)
• Cangro Industries, Inc. (U.S.)
• Forbes Engineering Sales, Inc. (U.S.)
• Poklar Power Motion, Inc. (U.S.)
• Custom Machine & Tool Co., Inc. (U.S.)
• Plastic Power Drive Products, LLC. (U.S.)
• E&E Special Products LLC (U.S.)
• C-Flex Bearing Co., Inc. (U.S)
• Servo2Go.com Ltd. (U.S.)
• NMB Technologies Corporation (U.S.)
• Applied Motion Products Inc. (U.S)
Segments:
The global power transmission & motion control market has been segmented on the basis of type, components, applications and region.
Global Power Transmission & Motion Control Market by Products:
• Motors
• Gearings
• Clutches & Brakes,
• Belts & Chain Drives
• Hydraulics/Pneumatics
• Others
Global Power Transmission & Motion Control Market by Components:
• Services
• Solutions
• Others
Global Power Transmission & Motion Control Market by Applications:
• Mining
• Automotive
• Aerospace & Defense
• Power Generation
• Pulp & Paper
• Oil & Gas
• Others
Global Power Transmission & Motion Control Market By Regions:
• North America
• Europe
• APAC
• Rest Of The World
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Intended Audience
• Power transmission and motion control manufacturing companies
• Original equipment manufacturers
• Power transmission and motion control providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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