Factory Automation Mechanical Component Market - Forecast(2021 - 2026)
The Global Factory Automation Mechanical Components market is valued at $ 495.3 billion in 2017 and is expected to grow with a CAGR of 5.08% during the forecast period 2017 -2023. Mechanical components are the building blocks of factory automation equipment and processes, many of these components are interdependent and form a solution for any process automation in production, assembly lines, warehousing and others. Some of the key products are Linear Shafts, Shaft Collar, Tubes, Screws, Nuts, Washers, Bushings, Cable Glands, Lens, Bearing Units, General Motors, Valves, Actuators, Adaptors, Solenoid Valves, Cylinders, and many others. What is Factory Automation Mechanical Components? Mechanical Components are an indivisible module in a factory and industrial automation which are fabricated in a particular continuous order to execute a required function. These components are varied in size and design depend upon the function it performs. What are the major applications of Factory Au