Precision Strain Wave Reducer Gearboxes and RV and RD Reducers: Worldwide Forecasts, 2018 to 2024

Revenue for precision gearbox drives was $838 million in 2017, and products are expected to generate revenue of $3.517 billion by 2024. Strong growth is the result of increasing use in industrial robots as they become integrated and able to perform multiple functions sequentially in an automated manner. Precision Gearbox reduction gearboxes are presented many new market opportunities from multiple types of applications.