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The landscape of the global precision gearbox and geared motor market is undergoing significant transformation and is expected to grow by over 10 percent in 2025, as it recovers from an earlier than anticipated dip in 2023 and 2024. According to the latest data from market intelligence specialist Interact Analysis, strong demand will generate a compound annual growth rate (CAGR) of 7.9 percent - with the market increasing from $3.29 billion to $4.8 billion - between 2023 and 2028.
The Power Transmission Distributors Association (PTDA) held its annual Canadian Conference in Niagara Falls, Canada on June 4-6. Nearly 130 power transmission/motion control (PT/MC) manufacturers and distributors doing business in Canada met to participate in networking and presentations aimed to expand opportunities for business growth.
Mona Neubaur, deputy prime minister and minister of economic affairs of North Rhine-Westphalia, recently presented the NRW.Global Business Award 2024 to Flender CEO Andreas Evertz. Flender was one of four winners honored at the 20th anniversary of the Award at the K21 Ständehaus in Düsseldorf.