Global Speed Reducers Market Worth $ 48 Billion by 2019

Date: 2016-10-16

Speed reducers are a component of many mechanical, electrical, hydraulic and biological motors. Speed Reducers includes Gear Reducer and Planetary Gear Reducer on the base of classification, which represent 62% and 27% of global Speed Reducers market. 

Automotive Industry, Metallurgy, Electric Power and Food & Light Industry are the main application of Speed Reducers product and Asia is the largest Speed Reducers market on production and consumption.

Global Speed Reducers market is projected to reach $ 48 Billion by 2019, with a GAGR of 5% from 2015, and Asia will have a big dynamic momentum on the market growth. The major players in the global Speed Reducers market are SUMITOMO, Nabtesco, SEISA, Harmonic Drive Systems, IPTS, PIC, SEW, Flender, Nord, Bonfiglioli etc.


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520

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