Geared products market to grow by 7.2% in 2022
Control Engineering
JANUARY 10, 2023
Steep drops in commodity and freight costs in 2023 are expected to push down prices significantly. 2022 has been another good year for the geared products market, but a small decline is expected in 2023 followed by a return to growth in 2024. In terms of application, machinery manufacturers are the major consumers of geared products.
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