Industrial gearbox vendors focus on APAC

The latest trend gaining momentum in the market is vendors focusing on APAC. Industrial gearboxes find broad application in the infrastructure sector, ranging from cement to manufacturing industries. Emerging economies such as China, India, and Indonesia are seeing a surge in the rate of urbanization as more people move from rural to urban areas. India alone will witness tremendous growth in urban population and is expected to add 500 million to its urban population over the next four decades. This must be accompanied by the necessary infrastructure development to support this ongoing trend.