Industry Research:Global Planetary Gearbox Market
2023-10-24BlogViews(152)Comments(0)3
The global planetary gearbox market is expected to reach $1,348.47 million by 2029, with an annual growth rate of 5%-6%. This growth is driven by the increasing demand for precision gearboxes in industries such as CNC machine tools, industrial robots, and packaging machinery. China currently holds the largest market share at 36.68%, followed by the US at 19.73%. The Asia-Pacific region, including Japan, South Korea, India, and Southeast Asia, is expected to play a significant role in the coming years. Europe, led by Germany, will maintain its leading position in the region. The market is highly competitive, with the top three manufacturers accounting for 35.52% of the global market share....