Global Transmission Shaft Market 2024

Transmission Shaft Market Size

The global transmission shaft market amounted to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the market value increased by X%. Over the period under review, the global market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Transmission Shaft Production

In value terms, transmission shaft production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Transmission Shaft Exports

Exports

In 2022, shipments abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, transmission shaft exports rose 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 consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

China represented the major exporter of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Germany (X tons), Japan (X tons) and Italy (X tons), together achieving a X% share of total exports. The United States (X tons), South Korea (X tons), Spain (X tons), Taiwan (Chinese) (X tons), Turkey (X tons), France (X tons), Mexico (X tons), India (X tons) and Denmark (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Denmark (X%), Turkey (X%), Taiwan (Chinese) (X%), South Korea (X%), Spain (X%) and Italy (X%) displayed positive paces of growth. Mexico, Germany, France and the United States experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while the United States, Japan and Germany saw its share reduced by 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, Germany ($X), China ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports. Japan, Italy, Taiwan (Chinese), India, France, South Korea, Spain, Mexico, Turkey and Denmark lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price saw a slight descent. The growth pace was the most rapid 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 failed to regain momentum.

Prices varied noticeably by country of origin: 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.

Transmission Shaft Imports

Imports

In 2022, purchases abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, transmission shaft imports rose significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons), followed by Germany (X tons) and Mexico (X tons) were the largest importers of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, together comprising X% of total imports. Brazil (X tons), Italy (X tons), China (X tons), Thailand (X tons), Japan (X tons), the UK (X tons), France (X tons), Canada (X tons), Poland (X tons) and Indonesia (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft importing markets worldwide were the United States ($X), Germany ($X) and China ($X), with a combined X% share of global imports. Mexico, Canada, Brazil, Italy, France, the UK, Japan, Poland, Indonesia and Thailand lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 transmission shaft import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Thailand ($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 UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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