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Worldwide Precision Gearbox Industry to 2027 - The Planetary Precision Gearbox Segment is Anticipated to Account for the Highest Market Share

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The global precision gearbox market size is anticipated to reach USD 4.97 billion by 2027 registering a CAGR of 9.1%. The novel coronavirus pandemic along with the possibility of the occurrence of future pandemics has accelerated the implementation and development of automation technologies. Automation minimizes the degree of manual operation and ensures minimum human intervention, which, in turn, is expected to benefit sparsely populated regions or countries with a less skilled labor force. Therefore, the demand for such automated machines and systems is likely to have a positive impact on market growth over the coming years. ....

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