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U.S. Speed Changers, Industrial High-Speed Drives, And Gear Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Speed Changers, Industrial High-Speed Drives, And Gear Market. Analysis And Forecast to 2030

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Jul 21, 2023

Price of Speed Changer in Mexico Soars by 20% to $16.4 per kg

U.S. Speed Changer Import Price in April 2023

In April 2023, the speed changer price amounted to $10,226 per ton (CIF, US), with a decrease of -11.7% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 1.9%. The import price peaked at $21,909 per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($40,112 per ton), while the price for Vietnam ($3,735 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

COUNTRYImport Price of Speed Changer in U.S. (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Japan25,54925,41524,15621,09822,49422,57421,57213,22025,87632,24930,91825,15830,460
Germany22,94627,46026,12324,16623,49525,37720,29320,76423,50620,57523,96422,45221,513
United States16,62816,11117,66417,65117,35916,77317,11813,55418,25718,08917,07318,13917,991
Italy16,24517,30511,04515,32812,70213,20117,48416,63515,26516,58617,95322,31316,423
Taiwan (Chinese)12,73014,07812,41512,83013,56314,00915,60817,95616,31116,03513,89616,24915,485
Spain21,76418,25418,56719,85018,90113,02913,25816,36117,53215,89116,29519,85114,798
South Korea11,03411,95612,37411,19110,35810,33111,24311,30011,31413,31010,24712,47513,268
China11,58512,85310,4079,2945,6767,6245,49610,6108,7749,7177,6555,31410,982
Brazil10,23911,8928,68211,0419,7989,3919,9788,26510,74610,39412,39411,99910,818
India9,0667,3106,1026,50910,4835,8557,3537,3047,8399,7207,3146,8297,689
Average14,68115,84214,60114,67711,25713,28712,47113,13614,83716,05413,96213,65816,370

U.S. Speed Changer Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was gearboxes and speed changers ($16.6 per kg), while the price for toothed wheels, chain sprockets and other transmission elements amounted to $6,376 per ton.

From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by gearboxes and speed changers (+1.4%).

U.S. Speed Changer Imports

In 2021, the amount of speed changers, industrial high-speed drives and gear imported into the United States skyrocketed to 528K tons, increasing by 38% on 2020 figures. Overall, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, speed changer imports soared to $5.4B (IndexBox estimates) in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Imports peaked at $5.6B in 2019; however, from 2020 to 2021, imports remained at a lower figure.

U.S. Speed Changer Imports by Type

In October 2022, toothed wheels, chain sprockets and other transmission elements (34K tons) constituted the largest type of speed changer supplied to the United States, with a 67% share of total imports. Moreover, toothed wheels, chain sprockets and other transmission elements exceeded the figures recorded for the second-largest type, gearboxes and speed changers (17K tons), twofold.

From January 2022 to October 2022, the average monthly rate of growth in terms of the volume of import of toothed wheels, chain sprockets and other transmission elements stood at +5.9%.

In value terms, the most traded types of speed changers, industrial high-speed drives and gear in the United States were gearboxes and speed changers ($280M) and toothed wheels, chain sprockets and other transmission elements ($217M).

U.S. Speed Changer Imports by Country

In 2021, China (166K tons) constituted the largest supplier of speed changer to the United States, accounting for a 31% share of total imports. Moreover, speed changer imports from China exceeded the figures recorded by the second-largest supplier, Japan (64K tons), threefold. Germany (49K tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.8% per year) and Germany (+2.2% per year).

In value terms, China ($987M), Germany ($803M) and Japan ($669M) constituted the largest speed changer suppliers to the United States, with a combined 46% share of total imports. Italy, India, Mexico, South Korea, Canada, Spain, Taiwan (Chinese), Belgium and Vietnam lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Vietnam, with a CAGR of +39.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the speed changer market 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 333612 - Speed changers, industrial high-speed drives, and gear manufacturing

Companies mentioned:

  • Nord Gear Corporation
  • Quad Plus
  • Cone Drive Operations
  • Sew-Eurodrive
  • Habasit America
  • Martin Sprocket & Gear
  • Columbia Gear Corporation
  • Amarillo Gear Company
  • C G I
  • Rexnord
  • The Horsburgh & Scott Co
  • The Gear Works Seattle
  • Cotta Transmission Company
  • Bunting Bearings
  • Precipart Corporation
  • United Gear & Assembly
  • Steward Machine Co.
  • Angelus Sanitary Can Machine Company
  • Overton Chicago Gear Corporation
  • Koellmann Gear Corporation
  • Carolina Keller
  • Brad Foote Gear Works
  • Westerman
  • Merit Gear
  • Perfection Gear
  • Linamar Forgings
  • Thunder Basin 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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