Rapid urbanization fuelled by expanding population, increasing investment on renewable energy generation, and expansion of manufacturing facilities around the world are the major forces driving the growth of the global industrial gear market.
Asia Pacific contributed the largest share to the global industrial gear market owing to strong demand from manufacturing industries and increased adoption of industrial automations across major countries.
Based on type, the industrial gear market is segmented into planetary, helical, bevel, spur, worm, and others.
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