Global Parallel Shaft Geared Motors Market Assessment, By Type [Hollow Shaft, Shallow Shaft, Others], By Stage [2-stage, 3-stage, Others], By End-use Industry [Energy, Chemical, Food, Automotive, Transportation, Others], By Region, Opportunities and Forecast, 2017-2031F

Parallel Shaft Geared Motors Market is projected to witness a CAGR of 14.22% during the forecast period 2024-2031, growing from USD 755.26 million in 2023 to USD 2187.93 million in 2031.

Parallel Shaft Geared Motors Market Size & Share Analysis 2031

Global Parallel Shaft Geared Motors Market Assessment, Opportunities and Forecast, 2017-2031F

Global Parallel Shaft Geared Motors market is propelled significantly by implementation of hollow shaft, shallow shaft, rising demand in the transportation sector, etc.

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