SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Robot Gears and Sprockets - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 6; Released: April 2021 Executive Pool: 363 Companies: 14 - Players covered include Davall Gears Limited; Gear Motions; Mitsubishi Heavy Industries Ltd.; Nabtesco Corporation; SDP/SI - Stock Drive Products / Sterling Instrument; SPINEA, s.r.o. ( Slovakia); STOBER Drives Inc.; VEX Robotics, Inc. and Others. Coverage: All major geographies and key segments Segments: Application (Material Handling, Assembly Line, Welding, Painting); Product Type (Robot Gears, Sprockets) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific ( Australia; India; South Korea; and Rest of Asia-Pacific); Latin America ( Argentina; Brazil; Mexico; and Rest of Latin America); Middle East ( Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Robot Gears and Sprockets Market to Reach $213.1 Million by 2026Amid the COVID-19 crisis, the global market for Robot Gears and Sprockets estimated at US$146.9 Million in the year 2020, is projected to reach a revised size of US$213.1 Million by 2026, growing at a CAGR of 6.2% over the analysis period. Robot Gears, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$186.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sprockets segment is readjusted to a revised 7.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $42.6 Million in 2021, While China is Forecast to Reach $44.2 Million by 2026The Robot Gears and Sprockets market in the U.S. is estimated at US$42.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$44.2 Million by the year 2026 trailing a CAGR of 9.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. More
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