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DUBLIN, 11 September 2020 / PRNewswire / – The “Industrial Chain Driven: Global Market Trajectory”
In the midst of the COVID-19 crisis, the global market for commercial chain readers, estimated at US$4. 2 billion in 2020, is expected to succeed in a revised us$4. 8 billion by 2027, with a compound annual rate of 1. 7% during the era. 2020-2027.
The U. S. market has been in the middle of the world. But it’s not the first time Estimated at $1. 1 billion, while China is expected to grow through 3. 3% CAGR
The market spot for commercial chain readers in the United States is estimated at US$1. 1 billion in 2020 China, the world’s largest economy at the time, is expected to succeed in a projected market site length of US$908 million through 2027, with a compound annual rate of 3. 3% over the research period from 2020 to 2027.
Other notable geographic markets come with Japan and Canada, forecasting an expansion of 0. 2% and 1. 2% respectively during the period 2020-2027. In Europe, Germany is expected to grow by around 0. 6% CAGR.
The industry, one of the segments analyzed in the report, is expected to reach a CAGR of 1. 6% to US$2. 9 billion until the end of the investigation period. After an initial investigation into the advertising implications of the pandemic and its induced economic crisis, expansion in the agricultural segment is adjusted to a revised annual compound rate of 1. 9% for the next 7-year period.
Known competitors in this market include:
Regal Beloit Corporation
Renold PLC
Rexnord Corporation
SKF Group
I sociologist Timken
Tsubakimoto Chain Co. (Tsubaki Group)
Main topics covered: I. INTRODUCTION, METHODOLOGY AND REPORT II PORTO EXECUTIVE SUMMARY 1. MARKET OVERVIEW
Global competitors’ market percentage
Percentage status of the international competition market (%): 2019 and 2025
Covid-19 impact and a near recession
2. FOCUS ON SELECTED PLAYERS 3. TRENDS AND MARKET DRIVERS 4. GLOBAL MARKET PERSPECTIVES III. MARKET ANALYSIS GEOGRAPHIC MARKET ANALYSIS IV Competition
Total profiles: 41
For more information on this report, https://www. researchandmarkets. com/r/ut1wzh
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Laura Wood Search and Markets, Senior Manager press@researchandmarkets. com For HOURS of EST OFFICE, 1-917-300-0470 For the United States / CAN Call free at 1-800-526-8630 For OFFICE hours GMT, 353-1 -416 -8900 Fax EE. U. S. : 646-607-1907 Fax (except USA): 353-1-481-1716
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SOURCE Research and Markets