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U.S. Mechanical Power Transmission Equipment Market. Analysis And Forecast to 2030

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Aug 8, 2023

Import of Mechanical Power Transmission Equipment in May 2023 Increases to $262M in the United States

U.S. Mechanical Power Transmission Equipment Imports

After two months of growth, purchases abroad of mechanical power transmission equipment decreased by -6.3% to 21K tons in May 2023. Overall, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in July 2022 when imports increased by 23% against the previous month. As a result, imports attained the peak of 34K tons. From August 2022 to May 2023, the growth of imports remained at a somewhat lower figure.

In value terms, mechanical power transmission equipment imports expanded markedly to $262M (IndexBox estimates) in May 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when imports increased by 14% month-to-month. As a result, imports attained the peak of $277M. From August 2022 to May 2023, the growth of imports failed to regain momentum.

COUNTRY	Import Value of Mechanical Power Transmission Equipment in U.S. (million USD)
COUNTRY	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023
China	49.6	48.0	49.1	54.7	50.6	46.1	45.2	42.1	42.9	33.0	33.9	34.8	36.6
Germany	33.7	27.8	36.7	29.2	32.4	34.2	34.0	35.0	29.5	29.1	32.1	31.9	35.9
Japan	34.9	27.0	30.6	30.7	28.4	32.7	40.9	42.9	55.5	27.8	36.4	30.2	31.1
Mexico	19.8	19.3	19.0	22.1	26.1	21.2	23.0	19.9	22.6	24.5	24.9	25.5	29.9
Canada	25.5	22.8	31.2	24.2	23.5	25.6	20.7	23.4	26.8	23.4	29.3	21.9	29.7
India	16.1	13.5	14.4	26.3	15.3	13.5	13.2	14.5	14.1	11.8	13.3	16.2	14.6
South Korea	20.1	15.8	17.9	14.1	14.2	12.1	9.1	10.4	8.6	7.5	8.9	9.1	10.1
Others	74.7	68.9	78.6	71.2	66.0	75.8	68.2	63.0	74.5	65.7	73.9	71.0	73.6
Total	274	243	277	272	256	261	254	251	274	223	253	241	262

Imports by Country

In May 2023, China (5.8K tons) constituted the largest supplier of mechanical power transmission equipment to the United States, accounting for a 28% share of total imports. Moreover, mechanical power transmission equipment imports from China exceeded the figures recorded by the second-largest supplier, India (2.2K tons), threefold. South Korea (1.9K tons) ranked third in terms of total imports with a 9.3% share.

From May 2022 to May 2023, the average monthly growth rate of volume from China totaled -3.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-0.3% per month) and South Korea (-1.0% per month).

In value terms, the largest mechanical power transmission equipment suppliers to the United States were China ($37M), Germany ($36M) and Japan ($31M), with a combined 40% share of total imports. Mexico, Canada, India and South Korea lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, Mexico, with a CAGR of +3.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In May 2023, the mechanical power transmission equipment price amounted to $12,709 per ton (CIF, US), with an increase of 16% against the previous month. Over the period under review, import price indicated a modest expansion from May 2022 to May 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, mechanical power transmission equipment import price decreased by -6.0% against January 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 24% against the previous month. As a result, import price reached the peak level of $13,523 per ton. From February 2023 to May 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($22,906 per ton), while the price for South Korea ($5,283 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Mechanical Power Transmission Equipment Market. Analysis And Forecast to 2030

Import of Mechanical Power Transmission Equipment in May 2023 Increases to $262M in the United States

U.S. Mechanical Power Transmission Equipment Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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