Gear & Speed Changer Manufacturing in the US - Industry Market Research Report

Gear & Speed Changer Manufacturing in the US - Industry Market Research Report

Gear & Speed Changer Manufacturing in the US

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."