With its constant demand for equipment installation, the industrial robotics market will likely remain the primary Application for worm gears, as it is more cost-effective in production and consumption than spur gears. This expansion will be driven primarily by the rising usage of worm gears to replace spur gears in automotive and related applications. Increased automotive and industrial automation applications will fuel significant market expansion in the following years. The RV speed reducer market is predicted to expand rapidly in the following years. According to Straits Research, “The global RV speed reducer market size is estimated to reach USD 3,140 million by 2030, growing at a CAGR of 6.9% during the forecast period (2022–2030).” The spur gear and differential gear are widely utilized RV speed reducers. 19, 2023 (GLOBE NEWSWIRE) - An RV speed reducer is a device that slows the rotating speed of angular change measuring equipment.
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