United States, Rockville MD, July 14, 2022 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, says that the global mechanical power transmission market would reach US$ 65.25 Bn in 2022 and have a linear growth rate of 6% between 2022 and 2032. Fact.MR highlights that automotive OEMs are emphasizing on reducing weight of the vehicle for improving fuel efficiency.
This is actually increasing demand for the lightweight components, and also helping with growth of several mechanical power transmission products like chain drives and belt drives. As such, the global Mechanical power transmission market is projected to reach US$ 108.3 Bn by the year 2032.
Mechanical power transmission is of utmost importance in the industries manufacturing products for executing proves in a smooth manner. The major advantage is that it is capable of changing rotational speeds and well-equipped with reversing of rotational direction from motor. IT could also split as well as distribute power sources.
For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=561
Key Takeaways from Market Study
- North America holds 23.1% of the market share.
- Europe is expected to contribute for 21.3% of the market.
- Rapid technological advancements to keep up the momentum for mechanical power transmission market
Market Developments
The key participants are looking through cutting-edge technologies for curtailing the downtime, enhancing output, and bettering the system value.
• AmTech International does have a plethora of the custom-made gears to facilitate mechanical power transmission. The gears include bevel gears, spur gears, and worm gears. They have been designed as per specifications stated by customers. High-quality materials like stainless steel, iron, carbon steel, and bronze are used by the company.
For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=561
The emergence of high-end mechanical power transmission systems that operate silently and are vibration-free is likely to help industrial applications. The development of mechanical power transmission systems will continue to support the needs of heavy-duty industries, material handling, and water and wastewater treatment applications thanks to their extensive knowledge and wide range of capabilities.
“Growing Usage of Mechanical Power Transmission Products in Automotive Industry for Effectiveness of Machinery”
Based on end users, the market is classified into automotive, construction, food & beverages, metals & mining, and others.
Demand for mechanical power transmission products in the automotive industry is projected to increase at a significant CAGR over the forecast period.
This increases the effectiveness of automotive transmission systems in industries. The use of mechanical power transmission equipment has increased due to these considerations on a global scale.
Key Segments Covered in Mechanical Power Transmission Industry Research
- Mechanical Power Transmission Market by Product :
- Belt Drives
- V-belt Drives
- Synchronous Belt Drives
- Chain Drives
- Couplings
- Clutches
- Others
- Mechanical Power Transmission Market by End User :
- Automotive
- Construction
- Food & Beverages
- Metals & Mining
- Others
- Mechanical Power Transmission Market by Sales Channel :
- OEMs
- Aftermarket
- Mechanical Power Transmission Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=561
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global mechanical power transmission market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by product (belt drives, V-belt drives, synchronous belt drives, chain drives, couplings, clutches, and likewise), by end-user (automotive, construction, food & beverages, metals & mining, and others), by sales channel (OEMs and aftermarket), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).
Fact.MR’s Domain Knowledge in Industrial Goods
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Check out more studies related to Industrial Goods Division, conducted by Fact.MR:
Aircraft Pumps Market - Aircraft Pumps Market Analysis Report By Type (Hydraulic, Fuel, Lubrication Pumps), By Technology (Engine Driven, Electric Motor Driven), By Pressure (10 to 500 psi, 500 to 1000 psi, 3000 to 5000 psi), By Aircraft Type (Narrow, Wide Body), By End User, By Region - Global Insights to 2032
Heavy Equipment Lamps Market - Heavy Equipment Lamps Market Analysis Report By Lamp Type (Head Lamps, Rear Lamps, Signal Lamps, Flashing Lamps), By Lighting Type (LEDs, Halogen Lamps, HID lamps), By End Use Industries (Construction, Mining Equipment), By Region - Global Insights 2022 to 2032
CCD Wheel Aligners Market - CCD Wheel Aligners Market Analysis Report By Product Type (6-Camera, 8-Camera), By Vehicle Type (Road Vehicles, Off-Road Vehicles), By Application (Garage, Auto Manufacturers, Tire Manufacturers), By Region - Global Insights 2022 to 2032
Food Waste Recycling Machine Market - Food Waste Recycling Machine Market Analysis Report By Capacity (0-50 Kg/Day, 50-100 Kg/Day, 101-300 Kg/Day, Above 1,000 Kg/Day), By Sales Channel (Online, Offline), By End-User, By Region - Global Insights 2022-2032
Vehicle Wash System Market - Vehicle wash system Market Analysis Report By System Type (Tunnel, Roll Overs, Touch-less Vehicle wash system), By Process (Cloth Friction, Touchless), By Application, By End-User, By Region - Global Insights 2022-2031
Oil and Gas Pumps Market - Oil and Gas Pumps Market Analysis Report By Product Type (Rotary, Reciprocating, Centrifugal Pumps), By Capacity (Small, Medium, High), By Pump Characteristics (Engineered, Standard Pumps), By Deployment Type (Onshore, Offshore), By Region - Global Insights 2022-2032
Mobile Construction Cranes Market - Mobile Construction Cranes Market Analysis Report By Product Type (Truck Crane, Rough Terrain Crane, All Terrain Crane), By Capacity (100 T-200 T, 200 T-300T), By End-Use, By Region - Global Insights 2022-2032
Air Flow Sensor Market - Air Flow Sensor Market Analysis Report By Flow Range (Up to 10 SLPM, Up to 50 SLPM, Above 50 SLPM), By Output Type (Digital Air Flow Sensor, Analog Air Flow Sensor), By Application (Aerospace, Automotive, Healthcare), By Region - Global Insights 2022-2032
Oil Refining Pumps Market - Oil Refining Pumps Market Analysis Report By Product Type (Reciprocating, Rotary, Centrifugal Pumps), By Capacity (Small (Up to 500 gpm), Medium (500-1,000 gpm), High (More than 1,000 gpm)), By Application, By Region - Global Insights 2022-2032
Articulated Hauler Market - Articulated Hauler Market Analysis by Payload Capacity (Less than 30 Million Tons, 30-40 Million Tons, More than 40 Million Tons), by Engine Power (Up to 400 HP, 400-500 HP, More than 500 HP), by End Use Industry, by Region - Global Forecast 2022-2032
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-158
