2024-2028 global industrial rack and pinion market to grow by $998.6M at a 9.45% CAGR, primarily driven by commercial stairlift demand.

The global industrial rack and pinion market is expected to increase by USD 998.6 million from 2024 to 2028, with a CAGR of nearly 9.45%. This growth is largely driven by rising demand for stairlifts in commercial sectors. Key industries include machine tools and material handling, with IoT technology improving efficiency. Major players in the market include Apex Dynamics Inc. and ATLANTA Antriebssysteme GmbH, among others.

September 20, 2024
4 Articles