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Feb. 24, 2020, 1:58 a.m. EST

Power Transmission And Motion Control Market 2020-2023 | Global Leading Growth Drivers, Emerging Audience, Segments, Industry Size, Share, Profits and Regional Analysis by Forecast to 2023

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Feb 24, 2020 (Heraldkeepers) -- The Power Transmission And Motion Control Market are growing rapidly across the world. The growing demand of the power transmission components are due to its high quality belts, chains, couplings, pulleys, sprockets, bushings and hub that provides the solution enable processes to run by connecting moving parts in machinery. In 2017, Altra Industrial Motion Corp. which is leading manufacturer of electromechanical power transmission and motion control products has went into the acquisition GKN plc. The GKN Plc. is providing its highly engineered clutches, brakes, torsional couplings and limit switches serve as excellent products, The largest packaging and processing trade are highly attracted towards power transmission and motion control equipment. The companies are looking forward to increased presence in key geographic regions and penetration into new growth end markets.

The power transmission and motion control products are efficient, flexible and cost-effective. The motion control products extend from compact single-axis to multi-axis drives for a seamless integration into the system. The rotary and linear motors are available in a wide range of power output for various environmental factors which is gaining demand in the market. The motion control system demand are high in various sectors as these system needs to operate with tight synchronization, acute precision, control position, acceleration and others.

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According to Market Research Future analysis, global power transmission and motion control market has been valued at USD ~255 Billion by the end of forecast period with ~30% of CAGR during forecast period 2017 to 2023.

Market Research Future (MRFR) recognizes the following companies as the key players in the global power transmission and motion control market: -

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 PowerDrive 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.) and Applied Motion Products Inc. (U.S), among others

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

Commenting on the report, an analyst from Market Research Future (MRFR)'s team said:

By end-user segment, the power transmission and motion control are gaining demand in the market as the products are required to meet the demand of various sectors such as mining, healthcare, aerospace, automotive and others. These products are utilized in major industrial markets, including food processing, mining, energy, material handling, packaging machinery, metals, turf and garden and many others.

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