South America Industrial Gearbox Market

Synopsis
The above chart is Global Industrial Gearbox Market market [2016-2024] by South America

Market Dynamics

Brazil accounted for the largest market share in 2017 in the south america industrial gearbox market market, and is expected to reach usd 2024.20 million in 2024 from usd 1549.40 million in 2017.this market is projected to grow at a cagr of 3.99% during the forecast period from 2018 - 2024. helical segment accounted for the largest market share in 2017, this market is expected to reach usd 1155.90 million in 2024 from usd 890.40 million in 2017. this market is projected to grow at a cagr of 3.89% during the forecast period from 2018 - 2024. however, planetary segment is the fastest growing market, which is expected to grow at a cagr of 3.93% 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 2246.70 million in 2024 from usd 1784.40 million in 2017. this market is projected to grow at a cagr of 3.44% 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 3.58% 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 2035.40 million in 2024 from usd 1573.00 million in 2017. this market is projected to grow at a cagr of 3.85% 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 3.85% during the forecast period 2018 - 2024. industrial segment accounted for the largest market share in 2017, this market is expected to reach usd 1089.30 million in 2024 from usd 854.10 million in 2017. this market is projected to grow at a cagr of 3.63% 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 4.57% during the forecast period 2018 - 2024. parallel axis segment accounted for the largest market share in 2017, this market is expected to reach usd 2164.40 million in 2024 from usd 1664.00 million in 2017. this market is projected to grow at a cagr of 3.92% 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 3.92% during the forecast period 2018 - 2024.