Argentina Precision Gearbox Market Size & Outlook
Argentina precision gearbox market, 2018-2030 (US$M)
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Argentina precision gearbox market highlights
- The Argentina precision gearbox market generated a revenue of USD 8.1 million in 2023 and is expected to reach USD 14.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, planetary was the largest revenue generating product in 2023.
- Harmonic is the most lucrative product segment registering the fastest growth during the forecast period.
Precision gearbox market data book summary
| Market revenue in 2023 | USD 8.1 million |
| Market revenue in 2030 | USD 14.5 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Planetary |
| Fastest growing segment | Harmonic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Harmonic, Cycloid, Planetary |
| Key market players worldwide | Harmonic Drive Systems Inc, Nidec Corp, Sumitomo Corp, Nabtesco Corp, The Timken Co, Hiwin Technologies Corp, Parker Hannifin Corp, ABB Ltd, Koch Industries, Motus GI Holdings Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.3% of the global precision gearbox market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil precision gearbox market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 58.2 million by 2030.
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Precision Gearbox Market Scope
Precision Gearbox Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina precision gearbox market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision gearbox market will help companies and investors design strategic landscapes.
Planetary was the largest segment with a revenue share of 69.14% in 2023. Horizon Databook has segmented the Argentina precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.
The precision gearbox market is projected to witness growth owing to close proximity of Argentina to economies such as the U.S. and Brazil. This is projected to offer export opportunities for precision gearbox. In addition, expanding retail sector in the country is anticipated to benefit the market growth over the forecast period.
The precision gearbox market in Argentina is expected to grow on account of the expansion of the packaging industry over the forecast period. The country’s proximity to economies such as the U.S. and Brazil is likely to provide export opportunities for products that are manufactured in Argentina.
In addition, the expansion of supermarkets and hypermarkets in the country is projected to further benefit the packaging industry. Speed, reliability, and precision are the most crucial factors for packaging applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into Argentina precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina precision gearbox market size, by product, 2018-2030 (US$M)
Argentina Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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