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Leading the Charge
Current Market Trends
As the world prepares for the 4th industrial revolution and addresses climate change concerns, we find ourselves at the forefront of the manufacturing industry, ready to make a significant impact.
According to recent market analyses:
The global gearbox market, after the challenges of Covid-19, is projected to reach a remarkable 66.6 billion USD by 2030, with a 4.7% CAGR over 2022-2030.
In the Asia-Pacific region, we anticipate substantial growth with Australia, India, and South Korea reaching a combined market value of 12 billion USD by 2030.
The planetary gear market is set to increase by 5.3% CAGR over the next eight years. While offering high speeds, planetary gears lack pulling power and require additional engineering. In contrast, our Globoid Worm Gears match efficiency with superior torque efficiencies, all while being more cost-effective.
At EasternGear, we are strategically positioned with close proximity to Japan and China, along with access to Korea's steel and metal production companies, allowing us to reduce production costs and significantly enhance time efficiency.
We are excited about the future as we continue our journey to revolutionize the metalworks industry with cutting-edge solutions that prioritize efficiency and sustainability.
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