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PRECISION GEARBOX MARKET ANALYSIS

Precision Gearbox Market, By Product (Planetary, Harmonic, and Cycloidal), By Application (Military & Aerospace; Food, Beverage, & Tobacco, Machine Tools Material Handling Packaging, Robotics, Medical, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Market News

Global Precision Gearbox Market: Key Developments

In January 2022, Schaeffler acquired Melior Motion GmbH, a precision gearbox supplier for robotics and other applications. With this acquisition, Schaeffler expanded its robotics offerings.

In February 2022, Nabtesco, a manufacturer of robotic gearbox announced to invest in a third manufacturing plant of precision gearboxes to increase Company’s production of precision gearboxes to two million per year by 2026.

In September 2020, Neugart GmbH started a novel subsidiary Neugart France S.A.S. This new subsidiary is expected to strengthen the portfolio of precision planetary pinion gearboxes of the company in the local market in France.

In March 2020, Sumitomo Drive Technologies and R.L. Matus & Associates announced partnership, and with this partnership, Sumitomo can strengthen its presence both technically and commercially in the Southeastern states across the U.S.

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