Overview of the Global Market for Gearboxes and Speed Changers

Market Size for Gearboxes and Speed Changers

In 2022, the global gearboxes and speed changers market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the global market failed to regain momentum.

Production of Gearboxes and Speed Changers

In value terms, gearboxes and speed changers production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports

In 2022, the amount of gearboxes and speed changers exported worldwide fell slightly to X tons, which is down by X% against the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then fell slightly in the following year.

In value terms, gearboxes and speed changers exports reduced modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 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 exports increased by X%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

China represented the major exporting country with an export of around X tons, which reached X% of total exports. Germany (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%), Japan (X%) and Taiwan (Chinese) (X%). Denmark (X tons), Spain (X tons), Belgium (X tons), India (X tons), South Korea (X tons) and the United States (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gearboxes and speed changers exports from China stood at X%. At the same time, India (X%), Denmark (X%), Taiwan (Chinese) (X%), Spain (X%) and Italy (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Japan, South Korea and Germany experienced a relatively flat trend pattern. By contrast, Belgium (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.), Taiwan (Chinese) (X p.p.), India (X p.p.) and Denmark (X p.p.) significantly strengthened its position in terms of the global exports, while Belgium, Japan, Italy, the United States and Germany saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports. The United States, Japan, Taiwan (Chinese), India, Spain, Belgium, Denmark and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average gearboxes and speed changers export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports

In 2022, purchases abroad of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, gearboxes and speed changers imports rose slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X tons), distantly followed by Brazil (X tons), Germany (X tons), China (X tons), Italy (X tons) and Mexico (X tons) represented the key importers of gearboxes and speed changers, together constituting X% of total imports. The following importers - Canada (X tons), Japan (X tons), Spain (X tons), France (X tons), Denmark (X tons), Indonesia (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest gearboxes and speed changers importing markets worldwide were the United States ($X), China ($X) and Germany ($X), with a combined X% share of global imports. Canada, Brazil, Mexico, Italy, Japan, France, South Korea, Spain, Denmark and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Canada, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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