The Gear and Speed Changer Manufacturing industry makes power transmission equipment and gears used in the production processes of different downstream manufacturers. End users, which include food and beverage processors, paper manufacturers, plastic manufacturers and construction contractors, require power transmission equipment and gears to outfit their equipment. Through 2023, the pandemic created high economic uncertainty, suppressing consumer spending. Overall economic activity declined, slowing industrial production and weakening demand for the industry's products. Overall, revenue will stagnate to an estimated $4.2 billion through 2023.
This industry includes establishments engaged in manufacturing gears, speed changers and industrial high-speed drives. These components are used primarily in mechanical power transmissions for industrial machines or vehicles. This industry does not include passenger automobile transmission manufacturing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance