Mechanical Power Transmission Equipment Market 2020: Global Growth, Trends And Forecast

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The Business Research Company’s latest report Mechanical Power Transmission Equipment Global Market Report 2020 covers Mechanical Power Transmission Equipment market drivers, Mechanical Power Transmission Equipment market trends, Mechanical Power Transmission Equipment market segments, Mechanical Power Transmission Equipment market growth rate, Mechanical Power Transmission Equipment market major players, and Mechanical Power Transmission Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Mechanical Power Transmission Equipment industry, along with revised market numbers due to the effects of the coronavirus.

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https://www.thebusinessresearchcompany.com/report/mechanical-power-transmission-equipment-global-market-report-2020-30-covid-19-impact-and-recovery

Mechanical Power Transmission Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global mechanical power transmission equipment market is expected to decline from $57.3 billion in 2019 to $54.2 billion in 2020 at a compound annual growth rate (CAGR) of -5.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $66.5 billion in 2023.

The report covers the Mechanical Power Transmission Equipment market’s segments-

1) By Type: Plain Bearings, Joints, Clutches, Couplings, Pulleys, Chains And Sprockets, Others – Mechanical Power Transmission Equipment

2) By End-User Industry: Automotive, Aerospace & Defense, Power Industry, Other

3) By Sales Channel: OEM, Aftermarket.

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About The Business Research Company:
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

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The Business Research Company
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