The global mechanical power transmission market is projected to reach US$ 65.25 billion in 2022, with a steady growth rate of 5.2% from 2022 to 2032. According to Fact.MR, automotive OEMs are focusing on reducing vehicle weight to enhance fuel efficiency, which is driving demand for lightweight components. This trend is supporting the growth of mechanical power transmission products such as chain drives and belt drives. As a result, the market is expected to reach US$ 108.3 billion by 2032.

Mechanical power transmission plays a critical role in industries by ensuring smooth execution of processes. It offers key advantages, including the ability to adjust rotational speeds, reverse rotational direction, and split or distribute power sources.

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Key Takeaways from Market Study

• North America holds 23.1% of the market share.
• Europe is expected to contribute for 21.3% of the market.
• Rapid technological advancements to keep up the momentum for mechanical power transmission market

Market Developments

Key industry players are exploring cutting-edge technologies to reduce downtime, improve output, and enhance system value.

AmTech International offers a wide range of custom-made gears to support mechanical power transmission, including bevel gears, spur gears, and worm gears, all tailored to customer specifications. The company uses high-quality materials such as stainless steel, iron, carbon steel, and bronze in the production of these gears.

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The rise of advanced mechanical power transmission systems that operate silently and are vibration-free is expected to benefit industrial applications. These developments will continue to address the needs of heavy-duty industries, material handling, and water and wastewater treatment sectors, thanks to their broad capabilities and in-depth industry knowledge.

“Growing Demand for Mechanical Power Transmission Products in the Automotive Industry to Enhance Machinery Efficiency”

The market is segmented by end users, including automotive, construction, food & beverages, metals & mining, and others.

The demand for mechanical power transmission products in the automotive industry is projected to grow significantly at a CAGR over the forecast period. This surge in demand is driven by the need to enhance the efficiency of automotive transmission systems. Consequently, the global use of mechanical power transmission equipment has been steadily increasing.

Key Segments Covered in Mechanical Power Transmission Industry Research

• Mechanical Power Transmission Market by Product :
  • Belt Drives
  • V-belt Drives
  • Synchronous Belt Drives
  • Chain Drives
  • Couplings
  • Clutches
  • Others
• Mechanical Power Transmission Market by End User :
  • Automotive
  • Construction
  • Food & Beverages
  • Metals & Mining
  • Others
• Mechanical Power Transmission Market by Sales Channel :
  • OEMs
  • Aftermarket
• Mechanical Power Transmission Market by Region :
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global mechanical power transmission market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by product (belt drives, V-belt drives, synchronous belt drives, chain drives, couplings, clutches, and likewise), by end-user (automotive, construction, food & beverages, metals & mining, and others), by sales channel (OEMs and aftermarket), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).

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