Search | SPARK Innovation Hub

added blog Other

2026-04-24 07:15:42 -

Gear Motor Market to Reach USD 42.3 Billion by 2034 Amid Rising Industrial Automation and Smart Drive Adoption

The global gear motor market is entering a steady growth phase, supported by the rapid expansion of industrial automation, modernization of manufacturing infrastructure, and increasing demand for energy-efficient motion control systems. Valued at USD 25.4 billion in 2025, the market is projected to reach USD 42.3 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.4%...

0 Comments 0 Shares 62 Views