Liebherr is one of the world’s largest manufacturers of construction and earthmoving machinery, employing more than 41,000 people in 50 countries with total sales of $10.3 billion USD in 2015.
More info on Liebherr USA, Co.
The Liebherr family business was established in 1949 by Hans Liebherr with the invention of the TK10, the first mobile tower crane. Today, the company is one of the world’s largest and most successful manufacturers of construction and earthmoving machinery, employing more than 41,000 people in 50 countries with total sales of $10.3 billion USD in 2015. Liebherr’s commitment to the U.S. market began in 1970 with the construction of its manufacturing facilities and North American headquarters in Newport News, VA. Effective June 1, 2016, the following companies were incorporated into the newly formed Liebherr USA, Co: Liebherr-America, Inc.,(including Tower Cranes, Refrigerators and Freezers), Liebherr Components North America, Co., Liebherr Concrete Technology, Co. Liebherr Construction Equipment, Co., Liebherr Equipment Source, Liebherr Cranes, Inc., Liebherr Mining Equipment Newport News, Co. (Sales & Service in the U.S. only) and Liebherr Ne
Global Gear Demand Rests on Automotive Industry Revival: Fact MR Study saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
FactMR: Global Gear Demand Rests on Automotive Industry Revival: Fact.MR Study
Surging popularity of electric vehicles is anticipated to prompt automotive manufacturers to invest in advanced gear solutions to ensure smooth functioning of the vehicle.
ROCKVILLE, MD / ACCESSWIRE / January 21, 2021 / The global gear market is forecast to make significant gains, registering an annual growth rate of nearly 6% by 2021-end. Notwithstanding the recessionary impact ushered in by the pandemic crisis, growth projections appear largely optimistic over the next decade, according to a report published by award winning market research company Fact.MR.
The market has made unprecedented strides in the past, attributed to a flourishing automotive sector. Amongst all regions, China has remained a highly promising market for automotives, with projections indicating total production reaching 27 billion units by 2017. Hence, Fact.MR projects gear sales to reach US$ 54 Bn by 2021. Furthermore, opportun