Report Update: May 1, 2024

China - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights

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Price for Gearboxes and Speed Changers in China - 2023

Price for Gearboxes and Speed Changers in China (FOB) - 2023

In June 2023, the average gearboxes and speed changers export price amounted to $6,565 per ton, remaining relatively unchanged against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 10% against the previous month. As a result, the export price attained the peak level of $7,325 per ton. From March 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($9,669 per ton), while the average price for exports to Spain ($4,767 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Gearboxes and Speed Changers in China (CIF) - 2023

In June 2023, the average gearboxes and speed changers import price amounted to $21,494 per ton, almost unchanged from the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 6.5% month-to-month. Over the period under review, average import prices attained the peak figure at $23,544 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($41,358 per ton), while the price for India ($6,943 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Gearboxes and Speed Changers in China

For the fourth year in a row, China recorded growth in shipments abroad of gearboxes and speed changers, which increased by 1.7% to 504K tons in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 82%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, gearboxes and speed changers exports totaled $3.5B in 2022. The total export value increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Gearboxes and Speed Changers in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	729	539	633	526	-10.3%
Brazil	132	199	330	335	36.4%
India	122	117	188	290	33.5%
Japan	106	86.3	157	182	19.7%
Germany	142	130	147	169	6.0%
Italy	95.0	94.4	136	143	14.6%
Iran	10.8	44.4	89.9	136	132.7%
Mexico	113	123	203	127	4.0%
Spain	65.8	59.6	87.9	97.1	13.8%
Russia	79.7	54.3	78.0	91.6	4.7%
Indonesia	60.0	55.3	67.0	86.7	13.1%
Vietnam	54.2	80.6	178	74.1	11.0%
Canada	72.5	27.6	60.0	67.6	-2.3%
Others	835	1,040	1,062	1,204	13.0%
Total	2,618	2,651	3,416	3,529	10.5%

Top Export Markets for Gearboxes and Speed Changers from China in 2022:

United States (76.9K tons)
Brazil (56.2K tons)
India (46.8K tons)
Italy (22.1K tons)
Japan (20.5K tons)
Germany (18.4K tons)
Spain (17.6K tons)
Indonesia (16.8K tons)
Russia (15.4K tons)
Mexico (12.6K tons)
Vietnam (12.6K tons)
Iran (10.3K tons)
Canada (9.8K tons)

Imports of Gearboxes and Speed Changers in China

In 2022, supplies from abroad of gearboxes and speed changers decreased by -8.4% to 91K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 100K tons, and then fell in the following year.

In value terms, gearboxes and speed changers imports shrank to $2B in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports attained the peak of $2.1B, and then reduced in the following year.

Import of Gearboxes and Speed Changers in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	362	342	494	446	7.2%
Germany	421	386	444	404	-1.4%
United States	201	150	153	181	-3.4%
Italy	108	98.2	123	107	-0.3%
France	44.8	58.1	65.4	64.6	13.0%
South Korea	64.1	64.0	53.5	57.0	-3.8%
Belgium	36.2	31.2	42.2	46.8	8.9%
India	26.3	32.9	51.5	38.5	13.5%
Taiwan (Chinese)	223	N/A	N/A	N/A	0%
Others	150	508	661	616	60.1%
Total	1,636	1,671	2,087	1,961	6.2%

Top Suppliers of Gearboxes and Speed Changers to China in 2022:

Japan (19.1K tons)
Germany (15.9K tons)
Italy (6.6K tons)
South Korea (5.4K tons)
India (5.3K tons)
United States (5.2K tons)
France (2.6K tons)
Belgium (2.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for gearboxes and speed changers in China. 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:

Prodcom 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
Prodcom 28152434 - Gear boxes ..., worm gear boxes
Prodcom 28152440 - Other gear boxes
Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
Prodcom 28152473 - Ball or roller screws
Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023