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Industrial Gearbox Market worth $31.90 billion by 2023

The industrial gearbox market is expected to grow from an estimated USD 25.91 billion in 2018 to USD 31.90 billion by 2023, at a CAGR of 4.25%. The positive growth rate of this market can be attributed to the increasing requirement for efficient industrial transmission systems and the growing industrial automation in manufacturing industries in North America and Asia-Pacific region.

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Industrial Gearbox Market worth $31.90 billion by 2023