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Dublin, July 22, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/2hr6wv/global_industrial) has announced the addition of the "Global Industrial Gear Motors and Drives Market 2015-2019" report to their offering.
The Global Industrial Gear Motors and Drives market to grow at a CAGR of 5.21% over the period 2015-2019.
The report, the Global Industrial Gear Motors and Drives Market, has been prepared based on an in-depth market analysis, with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Industrial Gear Motors and Drives market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Market growth in the APAC and economic recovery in the Americas are expected to drive the construction industry globally. The improving US economy will lead to an increase in private non-residential construction spending. Rising construction will increase the demand for construction equipment, which will drive the demand for geared motors and geared drives during the forecast period.
According to the report, the need to improve productivity is driving the global industrial gear motors and drives market. Rising raw material prices and intense competition have forced vendors to adopt efficient power transmission products.
Further, the report states that the availability of alternative technologies is hindering market growth.
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For more information visit http://www.researchandmarkets.com/research/2hr6wv/global_industrial
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