Middle East and Africa Industrial Gearbox Market Forecast (2016-2024)

Year SOUTH AFRICA REST OF MIDDLE EAST AND AFRICA SAUDI ARABIA UAE QATAR
2016 $ 681.0 $ 417.7 $ 1183.5 $ 753.1 $ 349.8
2017 $ 705.9 $ 426.1 $ 1228.6 $ 771.5 $ 357.3
2018 $ 732.0 $ 434.7 $ 1276.0 $ 790.6 $ 365.1
2019 $ 760.7 $ 444.5 $ 1328.1 $ 811.6 $ 373.9
2020 $ 792.1 $ 455.4 $ 1385.0 $ 834.6 $ 383.6
2021 $ 825.5 $ 467.0 $ 1445.6 $ 858.8 $ 393.9
2022 $ 864.1 $ 481.0 $ 1515.4 $ 887.4 $ 406.3
2023 $ 904.6 $ 495.5 $ 1588.9 $ 916.8 $ 419.2
2024 $ 947.2 $ 510.5 $ 1666.2 $ 947.0 $ 432.5
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Middle East and Africa Industrial Gearbox Market Forecast (2016-2024)

Synopsis
The above chart is Global Industrial Gearbox Market market [2016-2024] by Middle East and Africa

Market Dynamics

saudi arabia accounted for the largest market share in 2017 in the middle east and africa industrial gearbox market market, and is expected to reach usd 1666.20 million in 2024 from usd 1228.60 million in 2017.this market is projected to grow at a cagr of 4.55% during the forecast period from 2018 - 2024. parallel axis segment accounted for the largest market share in 2017, this market is expected to reach usd 2556.90 million in 2024 from usd 1922.70 million in 2017. this market is projected to grow at a cagr of 4.25% during the forecast period from 2018 - 2024. however, parallel axis segment is the fastest growing market, which is expected to grow at a cagr of 4.25% during the forecast period 2018 - 2024. industrial segment accounted for the largest market share in 2017, this market is expected to reach usd 1286.20 million in 2024 from usd 985.80 million in 2017. this market is projected to grow at a cagr of 3.97% during the forecast period from 2018 - 2024. however, wind power segment is the fastest growing market, which is expected to grow at a cagr of 4.90% during the forecast period 2018 - 2024. large above 1 mw segment accounted for the larger market share in 2017, this market is expected to reach usd 2626.40 million in 2024 from usd 2039.90 million in 2017. this market is projected to grow at a cagr of 3.77% during the forecast period from 2018 - 2024. however, small up to 55 kw segment is the fastest growing market, which is expected to grow at a cagr of 3.86% during the forecast period 2018 - 2024. helical segment accounted for the largest market share in 2017, this market is expected to reach usd 1357.00 million in 2024 from usd 1025.20 million in 2017. this market is projected to grow at a cagr of 4.18% during the forecast period from 2018 - 2024. however, planetary segment is the fastest growing market, which is expected to grow at a cagr of 4.31% during the forecast period 2018 - 2024. above 50000 nm segment accounted for the larger market share in 2017, this market is expected to reach usd 2412.80 million in 2024 from usd 1820.40 million in 2017. this market is projected to grow at a cagr of 4.20% during the forecast period from 2018 - 2024. however, above 50000 nm segment is the fastest growing market, which is expected to grow at a cagr of 4.20% during the forecast period 2018 - 2024.

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