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![[English Market Research Report] Global Market for Precision Gear Reducers](https://image.mono.ipros.com/public/product/image/ae7/2000773919/IPROS7574012611939692884.png?w=280&h=280)
Global Precision Reduction Gears Market
The global precision gearbox market size was 1.61116 billion USD in 2021 and is projected to be adjusted to 2.74623 billion USD by 2028, with a CAGR of 6.54% during the review period.
![[English Market Research Report] Global Market for Precision Reducers and Geared Motors](https://image.mono.ipros.com/public/product/image/721/2000793764/IPROS16292381348962414351.png?w=280&h=280)
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This report analyzes the global market for precision reducers (precision gearboxes) and geared motors, providing detailed forecasts of market size trends by product type, industry sector, and major countries, as well as examining market share structures by supplier and region.
"Free samples" are currently being offered! Please check the application method from the [PDF download] button, or apply directly from the related links.
Due to the impact of the COVID-19 pandemic and the Russia-Ukraine war, the global market for precision gear reducers, estimated at 2.83 billion USD in 2022, is projected to reach a revised size of 4.04 billion USD by 2028, growing at a CAGR of 6.08% during the forecast period from 2022 to 2028. The North American precision gear reducer market is expected to increase from 269.75 million USD in 2022 to 366.94 million USD by 2028, growing at a CAGR of 5.26% during the forecast period from 2023 to 2028. The Asia-Pacific precision gear reducer market is projected to grow from 2.05 billion USD in 2022 to 2.96 billion USD by 2028, reaching a CAGR of 6.36% during the forecast period from 2022 to 2028. The European precision gear reducer market is expected to increase from 454.76 million USD in 2022 to 634.01 million USD by 2028, growing at a CAGR of 5.69% during the forecast period from 2022 to 2028.
![[Market Research Report] Global Market for Harmonic Drive Precision Gear Reducers](https://image.mono.ipros.com/public/product/image/7ed/2000760178/IPROS18125908884502201172.png?w=280&h=280)
Global Harmonic Drive Precision Gear Reducers Market
The global market size for harmonic drive precision gear reducers is projected to be 403.5 million USD in 2021, growing at a CAGR of 6.5% from 2022 to 2028, and is expected to reach 663.03 million USD by the end of 2028.
