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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.
Fanuc America has officially unveiled its new 650,000 square foot West Campus facility in Auburn Hills, Michigan. The expansion increases the footprint in Michigan to over 2 million square feet and is part of Fanuc America’s strategic investment plan to support and advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.
After receiving Nadcap accreditation last year, Forest City Gear began providing magnetic particle inspection (MPI) on site, rather than outsourcing to a third-party provider. MPI is a nondestructive test employed to identify surface and shallow subsurface discontinuities. Offering MPI onsite has shortened order lead time significantly, most notably for customers in the aerospace industry.
NTN Bearing Corporation of America is pleased to share the story of a recent Community Spirit & Engagement Event at Oakland HOPE in Pontiac, MI. On Tuesday, June 25, a group of eleven NTN employees, based out of the NTN Automotive Center (NAC) in Farmington Hills, MI, volunteered to spend the day at the food pantry assisting local families in need.
Bonfiglioli USA recently celebrated its 25th anniversary. While the company’s roots in North America trace back to Canada in 1986, Bonfiglioli USA’s establishment in 1999 marked a significant expansion and solidified its presence in the United States.
Becoming an industry-leading manufacturer of motion control and power transmission components came quickly for Zero-Max by being responsive to customer’s needs with innovative products and exceptional service. Its first product was a unique Mechanical Variable Speed Drive that solved application challenges in varied industries, with many of these drives still in use 75 years later.
Nowhere else in Europe were as many electric buses newly registered last year as in the UK. Out of 2,554 standard single- and double-decker buses, 1,150 were fitted with a purely electric drivetrain (BEV or FCEV). By comparison, in 2023 only 838 e-buses were registered in Germany, 743 in France, 563 in Norway and 410 in Italy. With UK bus manufacturers Alexander Dennis and Wrightbus fully embracing the VEDS (Voith Electrical Drive System), Voith has been instrumental in boosting the use of zero-emission public transport in the UK and Ireland.