U.S. Speed Changers, Industrial High-Speed Drives, And Gear Market. Analysis And Forecast to 2030
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View PricingSpeed Changer Price in the United States - 2023
Contents:
- Speed Changer Price in the United States (CIF) - 2023
- Speed Changer Price in the United States (FOB) - 2023
- Speed Changer Imports in the United States
- Speed Changer Exports in the United States
Speed Changer Price in the United States (CIF) - 2023
In October 2023, the average speed changer import price amounted to $14,522 per ton, approximately equating the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 21% against the previous month. As a result, import price attained the peak level of $14,691 per ton. From January 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($46,161 per ton), while the price for Switzerland ($3,129 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in the United States (FOB) - 2023
In October 2023, the average speed changer export price amounted to $53,482 per ton, shrinking by -8.8% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 14% month-to-month. Over the period under review, the average export prices hit record highs at $67,260 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($485K per ton), while the average price for exports to Spain ($6,424 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in the United States
In 2022, approx. 558K tons of speed changers, industrial high-speed drives and gear were imported into the United States; increasing by 5.6% against the previous year's figure. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, speed changer imports rose significantly to $5.8B in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Speed Changer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,087 | 781 | 987 | 979 | -3.4% |
| Germany | 803 | 720 | 803 | 743 | -2.6% |
| Japan | 727 | 508 | 669 | 704 | -1.1% |
| Italy | 607 | 455 | 526 | 625 | 1.0% |
| India | 416 | 358 | 486 | 582 | 11.8% |
| Mexico | 362 | 234 | 281 | 312 | -4.8% |
| Canada | 228 | 192 | 190 | 274 | 6.3% |
| South Korea | 218 | 194 | 216 | 212 | -0.9% |
| Taiwan (Chinese) | 101 | 92.2 | 139 | 208 | 27.2% |
| Vietnam | 10.6 | 21.9 | 56.1 | 54.2 | 72.3% |
| Others | 1,069 | 877 | 1,052 | 1,114 | 1.4% |
| Total | 5,628 | 4,434 | 5,404 | 5,808 | 1.1% |
Top Suppliers of Speed Changer to the United States in 2022:
- China (184.5K tons)
- Japan (85.4K tons)
- Germany (58.2K tons)
- India (53.7K tons)
- Mexico (29.7K tons)
- South Korea (28.0K tons)
- Taiwan (Chinese) (23.2K tons)
- Italy (20.2K tons)
- Canada (16.7K tons)
- Vietnam (8.6K tons)
Speed Changer Exports in the United States
In 2022, exports of speed changers, industrial high-speed drives and gear from the United States amounted to 96K tons, picking up by 3.9% compared with 2021 figures. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 4.5%.
In value terms, speed changer exports soared to $3.7B in 2022. The total export value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Speed Changer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,035 | 803 | 983 | 1,167 | 4.1% |
| Mexico | 523 | 452 | 509 | 592 | 4.2% |
| China | 245 | 213 | 242 | 280 | 4.6% |
| Germany | 180 | 162 | 157 | 168 | -2.3% |
| Brazil | 106 | 87.0 | 125 | 148 | 11.8% |
| Australia | 101 | 102 | 101 | 127 | 7.9% |
| Chile | 73.2 | 90.7 | 124 | 111 | 14.9% |
| Singapore | 82.9 | 80.2 | 62.2 | 85.6 | 1.1% |
| Belgium | 56.8 | 50.2 | 68.3 | 82.7 | 13.3% |
| United Kingdom | 69.2 | 47.4 | 59.9 | 70.9 | 0.8% |
| France | 41.4 | 40.9 | 60.3 | 67.1 | 17.5% |
| Japan | 58.7 | 59.6 | 61.5 | 57.6 | -0.6% |
| India | 38.1 | 30.2 | 40.5 | 48.5 | 8.4% |
| Others | 578 | 494 | 544 | 679 | 5.5% |
| Total | 3,188 | 2,713 | 3,137 | 3,684 | 4.9% |
Top Export Markets for Speed Changer from the United States in 2022:
- Mexico (36.7K tons)
- China (9.5K tons)
- Canada (8.9K tons)
- Germany (7.6K tons)
- Brazil (6.4K tons)
- Australia (2.4K tons)
- Belgium (2.3K tons)
- Chile (1.9K tons)
- India (1.7K tons)
- France (1.5K tons)
- Japan (1.4K tons)
- United Kingdom (1.2K tons)
- Singapore (1.1K tons)
This report provides an in-depth analysis of the speed changer market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333612 - Speed changers, industrial high-speed drives, and gear manufacturing
Companies mentioned:
- Nord Gear Corporation
- Quad Plus
- Cone Drive Operations
- Sew-Eurodrive
- Habasit America
- Martin Sprocket & Gear
- Columbia Gear Corporation
- Amarillo Gear Company
- C G I
- Rexnord
- The Horsburgh & Scott Co
- The Gear Works Seattle
- Cotta Transmission Company
- Bunting Bearings
- Precipart Corporation
- United Gear & Assembly
- Steward Machine Co.
- Angelus Sanitary Can Machine Company
- Overton Chicago Gear Corporation
- Koellmann Gear Corporation
- Carolina Keller
- Brad Foote Gear Works
- Westerman
- Merit Gear
- Perfection Gear
- Linamar Forgings
- Thunder Basin Corporation
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Exports of Speed Changer reached a remarkable $3.1B in value in 2021.
216
In April 2023, the price of Speed Changer was recorded at $10,226 per ton (CIF, US), marking a decline of -11.7% compared to the previous year.
325
In January 2023, the speed changer price amounted to $10,226 per ton (CIF, US), with a decrease of -11.7% against the previous year.
232
In February 2023, the speed changer price amounted to $10,226 per ton (CIF, US), with a decrease of -11.7% against the previous year.
215
In February 2023 the price of speed changers was $40.1 per kg (FOB, US), a decrease of 3% from October 2022
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Machine Tool imports reached a significant value of $735M in June 2023.
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Machine Tool imports totaled $784M in March 2023
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In 2016, the machine tool market increased by X% to X million USD, fluctuating considerably over the period under review.
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During the review period, Scale And Balance imports reached a peak in 2023 and are projected to continue growing. In terms of value, imports slightly decreased to $942M in 2023.
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In April 2023, the growth rate of Scale And Balance was exceptionally high, increasing by 30% compared to the previous month. The value of imports declined to $77M in November 2023.
