Global Industrial Gearbox Market Set To Grow

Thursday 10th August 2017

The market is set to grow at a CAGR of 5.41% over the period of 2014 – 2019. The market has been prepped on its growth prospects in the coming years.

PR News Wire said ‘The market is highly fragmented and abounds with similar products that have little scope for differentiation and customization. Therefore, vendors are striving to offer turnkey solutions ranging from installation to after-sales services, in order to increase their customer base. For instance, Siemens offers an integrated drive portfolio that includes all frequency converters, motors, couplings, and gear units as well as installation, testing, and compatibility check services. Therefore, such turnkey solutions will help vendors cater to rising customer expectations, thereby fueling market growth.’

Please visit PR News Wire, for the full article.

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