Press release
Rack and Pinion Market to Witness a Pronounce Growth During 2017-2025
Application of racks and pinions can be used in any machine that requires conversion of rotational motion into linear motion and is commonly used in all types of gear systems from the modern power steering systems to conventional manual systems. Rack and pinion performs exceptional to its application as they are much less catastrophic to failure in vertical applications thus manufacturer discourage the use of belt driven actuators, and is a potential factor that drives growth of global rack and pinion market. Owing to dual pinion design or split pinion, the possibility to preload a rack and pinion system to avoid backslash is another potential factor that boost the application of rack and pinion in machines.
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Moreover racks and pinions can be constructed in nearly unlimited length. The rack and pinion have advantage of positioning accuracy over belt drivers as to the unavoidable fact of belt have compliance and are made of plastic and will eventually stretch. Rack and pinion automatic lubrication system are always recommended to avoid failure or reduced performance. Substitute to rack and pinion such as belt and pulley system that do not require lubrication is the factor that restrain to global rack and pinion market.
Rack and pinion actuator are open system which doesn’t have simple and effective way to enclose them, on the other hand belt driven actuators have advantage as they are relatively unaffected by liquid contamination such as oil and water. The factor is considered as a threat to growth of global rack and pinion market.
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Global Rack and Pinion Market: Region Wise Outlook
The global rack and pinion market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). Europe holds relatively a major share of global rack and pinion market. The major share is accredited due to high number of industries such as manufacturing and automobiles in the region.
Followed by Europe is North America and MEA, this is due to rack and pinion technology taking shape in oilfield. Thus the developed market in Europe and North America is estimated to witness healthy CAGR during the forecast period of global rack and pinion market. Rack and pinion market in APEJ is expected to witness high growth rate due to rise in sale of automobile in the region.
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Global Rack and Pinion Market: Prominent Payers: Sati Spa, Emerson Electric Co., Pentair, Inc., Rotork Controls, Inc, Ultimate Power Steering, Sirca International Srl, SMC Pneumatics Pvt. Ltd, bar Gmbh.
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