Latest Report Update: Jul 11, 2020

U.S. Speed Changers, Industrial High-Speed Drives, And Gear Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Speed Changer Market Overview 2020

Speed Changer Market Size in the U.S.

The U.S. speed changer market rose rapidly to $X in 2019, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in the near future.

Speed Changer Production in the U.S.

In value terms, speed changer production dropped to $X in 2019. Over the period under review, production recorded a mild decrease. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

Speed Changer Exports

Exports from the U.S.

Speed changer exports from the U.S. rose to X tonnes in 2019, increasing by X% compared with the previous year's figure. Over the period under review, total exports indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-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 growth pace was the most rapid in 2014 when exports increased by X% year-to-year. The U.S. exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, speed changer exports reduced to $X in 2019. In general, total exports indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-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 2016 indices. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. The U.S. exports peaked at $X in 2018, and then fell in the following year.

Exports by Country

In 2018, China (X tonnes) and Germany (X tonnes) were the main exporters of speed changers, industrial high-speed drives and gearacross the globe, together recording approx. X% of total exports. Italy (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Japan (X%) and Taiwan, Chinese (X%). The following exporters - South Korea (X tonnes), Belgium (X tonnes), France (X tonnes), India (X tonnes), the Czech Republic (X tonnes), Poland (X tonnes) and Spain (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the biggest increases were in India, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest speed changer supplying countries from the U.S. were Germany ($X), China ($X) and Japan ($X), together comprising X% of total exports. Italy, Taiwan, Chinese, France, Belgium, India, Spain, Poland, South Korea and the Czech Republic lagged somewhat behind, together accounting for a further X terms of the main exporting countries, India recorded the highest growth rate of 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

The speed changer export price in the U.S. stood at $X per tonne in 2018, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 when the export price increased by X% year-to-year. The U.S. export price peaked in 2018 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per tonne), while the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Speed Changer Imports

Imports into the U.S.

In 2019, the amount of speed changers, industrial high-speed drives and gear imported into the U.S. soared to X tonnes, jumping by X% compared with the previous year's figure. In general, total imports indicated a notable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, speed changer imports rose sharply to $X in 2019. Over the period under review, total imports indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. The U.S. imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2018, Germany (X tonnes), followed by China (X tonnes) and Italy (X tonnes) were the major importers of speed changers, industrial high-speed drives and gear, together committing X% of total imports. Japan (X tonnes), Mexico (X tonnes), Canada (X tonnes), the Czech Republic (X tonnes), Denmark (X tonnes), Spain (X tonnes), the UK (X tonnes), France (X tonnes) and Belgium (X tonnes) held a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

China recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the speed changer import price in the U.S. amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2013 to 2018, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of speed changers, industrial high-speed drives and gear to the U.S.?
+
In value terms, the largest speed changer suppliers to the U.S. were China ($1.3B), Germany ($859M) and Japan ($730M), together accounting for 58% of total imports.
What are the leading importers of speed changers, industrial high-speed drives and gear from the U.S.?
+
In value terms, Canada ($825M), Mexico ($507M) and China ($333M) appeared to be the largest markets for speed changer exported from the U.S. worldwide, together comprising 49% of total exports.
What is the average export price for speed changers, industrial high-speed drives and gear in the U.S.?
+
The average speed changer export price stood at $26,029 per tonne in 2018, surging by 5.8% against the previous year.
What is the average import price for speed changers, industrial high-speed drives and gear in the U.S.?
+
In 2018, the average speed changer import price amounted to $14,135 per tonne, rising by 5.8% against the previous year.

Product coverage:
• NAICS 333612 - Speed changers, industrial high-speed drives, and gear manufacturing

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 2025.


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:
• 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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