Report Update: Nov 1, 2024

World - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights

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Gearboxes and speed changers market

Gearboxes and speed changers market: get new information empowered by an Ai-driven market intelligence platform. Information cover trade, imports, companies, consumption, market prices, production, exports, and market size. Here is a split by region, including Latin America, the U.K., EU, the U.S., Russia, China, the Middle East, and Africa. Market trends and outlook to 2030 are also featured in the dashboards.

Gearboxes and Speed Changers - World's Largest Markets

Rating	Country
1	China
2	India
3	United States
4	Japan
5	Brazil

In value terms, China, India and the United States appeared to be the countries with the highest levels of market value in 2020, with a combined 54% share of the global market. These countries were followed by Japan, Brazil, Russia, Mexico, Germany, Italy, South Korea and Denmark, which together accounted for a further 28%.

Mexico recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while gearboxes and speed changers market for the other global leaders experienced more modest paces of growth.

Gearboxes and Speed Changers Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
South Korea	7155	6679	6961	-1.4%
China	7298	7326	7199	-0.7%
Denmark	11460	8490	7651	-18.3%
Spain	12118	12460	12015	-0.4%
Italy	12322	12153	12222	-0.4%
Belgium	12962	12213	12577	-1.5%
Taiwan (Chinese)	15464	13918	15612	0.5%
Japan	14820	15354	16178	4.5%
United States	19942	18638	16258	-9.7%
Germany	18768	17817	17629	-3.1%
India	22133	20335	22790	1.5%
Average	13903	13114	12904	-3.7%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was India ($22,790 per ton), while South Korea ($6,961 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Canada	26670	25387	22198	-8.8%
Mexico	28086	20224	22004	-11.5%
South Korea	21087	19692	19113	-4.8%
China	19999	20372	17126	-7.5%
France	16408	15893	16889	1.5%
United States	19999	19036	15211	-12.8%
Italy	17330	12058	13785	-10.8%
Japan	12984	12803	13243	1.0%
Germany	14366	13338	12863	-5.4%
Russia	18582	12654	12329	-18.5%
Brazil	18464	10279	9581	-28.0%
Denmark	9529	8831	8725	-4.3%
Spain	11724	9941	7770	-18.6%
Average	17353	15935	14734	-7.9%

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($22,198 per ton), while Spain ($7,770 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced mixed trends in the import price figures.

Gearboxes and Speed Changers - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	3.3	3.5	2.7	-9.7%
China	1.9	1.6	1.7	-5.9%
Germany	1.2	1.1	1	-8.3%
Canada	1.4	1.3	0.9	-22.3%
Brazil	0.4	0.4	0.7	30.7%

In value terms, the United States ($2.7B), China ($1.7B) and Germany ($1B) appeared to be the countries with the highest levels of imports in 2020, together accounting for 34% of global imports. These countries were followed by Canada, Brazil, Mexico, Denmark, Italy, Japan, South Korea, France, Russia and Spain, which together accounted for a further 32%.

Brazil saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Gearboxes and Speed Changers - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Germany	3.8	3.5	3.4	-5.5%
China	2.2	2.6	2.7	10.4%
Japan	2.4	2.1	1.7	-14.1%
Italy	1.9	1.8	1.6	-8.1%
United States	1.7	1.8	1.5	-6.6%

In value terms, the largest gearboxes and speed changers supplying countries worldwide were Germany ($3.4B), China ($2.7B) and Japan ($1.7B), together comprising 44% of global exports. Italy, the United States, Belgium, Taiwan (Chinese), Denmark, India, Spain and South Korea lagged somewhat behind, together accounting for a further 35%.

Among the main exporting countries, Denmark saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Gearboxes and Speed Changers - Market Forecast

Driven by rising demand for gearboxes and speed changers worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Gearboxes and Speed Changers - Top Companies

Shenzhen Jindong Keli Industry Co.,Ltd., Dongguan Ligangda Industry Co., Ltd., MITSUBISHI ELECTRIC CORPORATION, NIDEC CORPORATION, BRITISH GAS TRADING LIMITED, NRG Texas Power LLC, FUJI ELECTRIC CO., LTD., Vestas Manufacturing A/S, Siemens Gamesa Renewable Energy A/S, Korea Electric Power Corporation, Ametek, Inc., YASKAWA ELECTRIC CORPORATION, Xinjiang Goldwind Science Technology Co., Ltd., NARI TECHNOLOGY DEVELOPMENT LIMITED COMPANY, Nordex SE, WESTERN DIGITAL (THAILAND) COMPANY LIMITED, Regal Beloit Corporation, Samchully Co.,Ltd., Hamilton Sundstrand Corporation, ABB Oy

Gearboxes and Speed Changers - Product Coverage

HS 848340 - Gears and gearing; (not toothed wheels, chain sprockets and other transmission elements presented separately); ball screws; gear boxes and other speed changers, including torque converters

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for gearboxes and speed changers. 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:

Prodcom 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
Prodcom 28152434 - Gear boxes ..., worm gear boxes
Prodcom 28152440 - Other gear boxes
Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
Prodcom 28152473 - Ball or roller screws
Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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. CONSUMPTION BY COUNTRY
3. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023