Precision Gearbox Machinery Industry Is Poised To Increase At A Steady CAGR Of 5.8%

The global precision gearbox machinery system industry is poised to increase at a steady CAGR of 5.8%, reaching US$ 8.95 Bn by 2032 from US$ 5 Bn in 2021. Technological advancements in the manufacturing sector to improve energy efficiency, accuracy, and reliability in operations is likely to fuel the industry growth. With the Industry 4.0, many companies …