U.S. Mechanical Power Transmission Equipment Market. Analysis And Forecast to 2030
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View PricingPrice for Mechanical Power Transmission Equipment in the United States - 2023
Contents:
- Price for Mechanical Power Transmission Equipment in the United States (CIF) - 2023
- Price for Mechanical Power Transmission Equipment in the United States (FOB) - 2023
- Imports of Mechanical Power Transmission Equipment in the United States
- Exports of Mechanical Power Transmission Equipment in the United States
Price for Mechanical Power Transmission Equipment in the United States (CIF) - 2023
The average mechanical power transmission equipment import price stood at $12,780 per ton in August 2023, with a decrease of -3.4% against the previous month. Over the period under review, import price indicated a pronounced increase from August 2022 to August 2023: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, mechanical power transmission equipment import price increased by +17.0% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 24% m-o-m. As a result, import price reached the peak level of $13,478 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($23,280 per ton), while the price for Spain ($4,157 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mechanical Power Transmission Equipment in the United States (FOB) - 2023
The average mechanical power transmission equipment export price stood at $27,812 per ton in August 2023, surging by 3.3% against the previous month. Overall, export price indicated pronounced growth from August 2022 to August 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, mechanical power transmission equipment export price increased by +20.5% against May 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 44% m-o-m. As a result, the export price reached the peak level of $28,509 per ton. From April 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was France ($86,471 per ton), while the average price for exports to Malaysia ($13,796 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mechanical Power Transmission Equipment in the United States
For the fourth year in a row, the United States recorded growth in purchases abroad of mechanical power transmission equipment, which increased by 19% to 329K tons in 2022. The total import volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mechanical power transmission equipment imports skyrocketed to $3B in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Mechanical Power Transmission Equipment in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 472 | 375 | 468 | 572 | 6.6% |
Japan | 355 | 313 | 374 | 415 | 5.3% |
Germany | 305 | 310 | 342 | 375 | 7.1% |
Canada | 308 | 256 | 248 | 289 | -2.1% |
Mexico | 155 | 125 | 166 | 234 | 14.7% |
India | 88.3 | 86.6 | 133 | 178 | 26.3% |
Italy | 120 | 113 | 141 | 160 | 10.1% |
South Korea | 142 | 144 | 129 | 156 | 3.2% |
Others | 558 | 439 | 576 | 657 | 5.6% |
Total | 2,504 | 2,163 | 2,579 | 3,036 | 6.6% |
Top Suppliers of Mechanical Power Transmission Equipment to the United States in 2022:
- China (137.7K tons)
- Japan (34.5K tons)
- South Korea (24.4K tons)
- India (22.1K tons)
- Germany (21.1K tons)
- Mexico (17.8K tons)
- Canada (17.3K tons)
- Italy (11.1K tons)
Exports of Mechanical Power Transmission Equipment in the United States
In 2022, the amount of mechanical power transmission equipment exported from the United States skyrocketed to 152K tons, jumping by 24% on 2021 figures. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, mechanical power transmission equipment exports skyrocketed to $2.9B in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Mechanical Power Transmission Equipment in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 581 | 599 | 680 | 803 | 11.4% |
Mexico | 497 | 396 | 455 | 538 | 2.7% |
Brazil | 64.5 | 86.4 | 135 | 184 | 41.8% |
China | 87.8 | 101 | 176 | 184 | 28.0% |
Germany | 89.4 | 104 | 102 | 126 | 12.1% |
United Kingdom | 68.8 | 52.2 | 79.7 | 109 | 16.6% |
France | 18.0 | 24.8 | 76.8 | 90.5 | 71.3% |
Japan | 71.6 | 60.3 | 58.2 | 82.3 | 4.8% |
Singapore | 38.4 | 32.7 | 40.5 | 74.7 | 24.8% |
Malaysia | 6.7 | 24.7 | 37.6 | 58.9 | 106.4% |
Others | 478 | 475 | 541 | 644 | 10.4% |
Total | 2,001 | 1,956 | 2,382 | 2,894 | 13.1% |
Top Export Markets for Mechanical Power Transmission Equipment from the United States in 2022:
- Mexico (44.4K tons)
- Canada (30.5K tons)
- Brazil (13.0K tons)
- China (10.0K tons)
- United Kingdom (6.9K tons)
- Germany (6.7K tons)
- Malaysia (5.7K tons)
- Singapore (4.3K tons)
- Japan (3.5K tons)
- France (3.3K tons)
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 2030.
Product coverage:
- NAICS 333613 - Mechanical power transmission equipment manufacturing
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:
- United States
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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Mechanical Power Transmission Equipment imports reached a significant increase, amounting to $262M in May 2023 in terms of value.
Machine Tool imports reached a significant value of $735M in June 2023.
Machine Tool imports totaled $784M in March 2023
In 2016, the machine tool market increased by X% to X million USD, fluctuating considerably over the period under review.
During the review period, Scale And Balance imports reached a peak in 2023 and are projected to continue growing. In terms of value, imports slightly decreased to $942M in 2023.
In April 2023, the growth rate of Scale And Balance was exceptionally high, increasing by 30% compared to the previous month. The value of imports declined to $77M in November 2023.
In April 2023, the growth of Scale And Balance was at its most rapid, experiencing a month-to-month increase of 30%. By August 2023, the value of imports for Scale And Balance reached $87M.
In April 2023, the scale and balance price stood at $10,884 per ton (CIF, US), with a decrease of -19.5% against the previous month.
The U.S. takes first place in global imports of scales and balances, accounting for a X% share (based on USD). It was followed by China (X%), Germany (X%), and Japan (X%). In 2015, U.S. scale and balance imports totaled X
In November 2022, the rolling mill price amounted to $17.5 per kg (CIF, US), which is down by -31.5% against the previous month.