Latest Report Update: Jul 4, 2020

U.S. Mechanical Power Transmission Equipment Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Overview of the Market for Mechanical Power Transmission Equipment 2020

Market Size for Mechanical Power Transmission Equipment in the U.S.

In 2019, the U.S. mechanical power transmission equipment market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced decline. The pace of growth appeared the most rapid in 2018 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Production of Mechanical Power Transmission Equipment in the U.S.

In value terms, mechanical power transmission equipment production shrank slightly to $X in 2019. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2019, production growth failed to regain the momentum.

Exports of Mechanical Power Transmission Equipment

Exports from the U.S.

In 2019, shipments abroad of mechanical power transmission equipment increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. Over the period under review, exports saw a noticeable expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mechanical power transmission equipment exports reached $X in 2019. In general, total exports indicated slight growth from 2013 to 2019: its value increased at an average annual rate of +X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2015 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and Japan (X tonnes) were the main destinations of mechanical power transmission equipment exports from the U.S., together accounting for X% of total exports. China, Germany, Brazil, the UK, Spain and India lagged somewhat behind, together accounting for a further X 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Japan ($X) appeared to be the largest markets for mechanical power transmission equipment exported from the U.S. worldwide, with a combined X% share of total exports. These countries were followed by China, Germany, the UK, Brazil, India and Spain, which together accounted for a further X terms of the main countries of destination, Germany recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average mechanical power transmission equipment export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced a decline.

Imports of Mechanical Power Transmission Equipment

Imports into the U.S.

In 2019, imports of mechanical power transmission equipment into the U.S. soared to X tonnes, growing by X% compared with the previous year's figure. In general, total imports indicated a buoyant increase from 2013 to 2019: its volume increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, mechanical power transmission equipment imports shrank remarkably to $X in 2019. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2019, China (X tonnes) constituted the largest mechanical power transmission equipment supplier to the U.S., with a X% share of total imports. Moreover, mechanical power transmission equipment imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Germany (+X% per year).

In value terms, Canada ($X), China ($X) and Japan ($X) constituted the largest mechanical power transmission equipment suppliers to the U.S., together comprising X% of total imports. Germany, South Korea, Mexico and Slovakia lagged somewhat behind, together accounting for a further X terms of the main suppliers, Slovakia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average mechanical power transmission equipment import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Canada ($X per tonne), while the price for Slovakia ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of mechanical power transmission equipment to the U.S.?
+
In value terms, the largest mechanical power transmission equipment suppliers to the U.S. were Canada ($229M), China ($214M) and Japan ($144M), together accounting for 53% of total imports. These countries were followed by Germany, South Korea, Mexico and Slovakia, which together accounted for a further 25%.
What are the leading importers of mechanical power transmission equipment from the U.S.?
+
In value terms, the largest markets for mechanical power transmission equipment exported from the U.S. were Canada ($383M), Mexico ($313M) and Japan ($62M), together accounting for 60% of total exports. These countries were followed by China, Germany, the UK, Brazil, India and Spain, which together accounted for a further 16%.
What is the average export price for mechanical power transmission equipment in the U.S.?
+
The average mechanical power transmission equipment export price stood at $16,139 per tonne in 2019, declining by -35% against the previous year.
What is the average import price for mechanical power transmission equipment in the U.S.?
+
In 2019, the average mechanical power transmission equipment import price amounted to $4,092 per tonne, dropping by -52.2% against the previous year.

Product coverage:
• NAICS 333613 - Mechanical power transmission equipment manufacturing

This report provides an in-depth analysis of the market for mechanical power transmission equipment 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 2025.


Companies mentioned:
• Twin Disc Incorporated
• Bison Gear & Engineering Corporation
• Cobham Management Services
• Xtek, Ferrotec (usa) Corporation
• NTN Driveshaft
• Global Power Equipment Group
• Waukesha Bearings Corporation
• Lovejoy
• Ls Power Equity Partners
• Dayco Products
• Jeffrey Chain
• Rbc Transport Dynamics Corporation
• Weasler Engineering
• Arens Controls Company
• B.W. Elliott Manufacturing Co.
• Ggb North America
• E. C. Styberg Engineering Company
• Anaco Inc.
• Hyspan Precision Products
• Aurora Bearing Company
• Allied-Locke Industries
• Venturedyne
• Ameridrives International
• Rexnord Industries
• Perfection Hy-Test Company
• Dover Engineered Systems
• Tb Wood's Incorporated
• Certainteed Gypsum Manufacturing
• Altra Industrial Motion Corp.
• Rexnord-Zurn Holdings
• Ascp-Weasler Holdings
• U.S. Tsubaki Power Transmission
• Eeg Power Distribution Corporation

Country coverage:
• USA

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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