The performance of the geared product market is largely dependent on the underlying growth in the industries that use them,which include many machinery and process sectors.The materials handling sector is the largest sector for geared products,accounting for 15.5%of market revenues in 2014 with an estimated value of nearly$1.9 billion and the highest revenue CAGR from 2014 to 2019 at 4%.The food and beverage sector(including machinery and process)is the next largest sector for geared products,especially geared motors,and it is projected to also grow at the second-fastest CAGR of the downstream industries at 3.5%from 2014 to 2019.Mining,one of the major downstream sectors,is forecast to perform the worst across all industry sectors with a revenue CAGR of-3.4%,followed by metal processing.
齿轮产品市场的表现在很大程度上取决于其应用行业,包括许多机械和加工行业的潜在增长。材料加工行业是应用齿轮产品最多的行业,2014年占了市场收入的15.5%,营收将近19亿美元,2014至2019年的年复合增长率也是最高的4%。食品饮料行业(包括机械和加工)是齿轮产品的第二大应用市场,尤其是减速机,2014年至2019年预计也是年均复合增长率第二快的下游产业,为3.5%。作为下游主要行业之一的采矿,将是所有行业中最糟糕的一个,年均复合增长率为-3.4%,其次为金属加工。
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