Report Update Jan 1, 2025

Australia - Gear Boxes - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Gear Box Market 2025

Gear Box Market Size in Australia

In 2022, the Australian gear box market increased by 1% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, saw a mild downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Gear Box Exports

Exports from Australia

In 2022, overseas shipments of gear boxes increased by 23% to X units, rising for the second year in a row after four years of decline. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 26%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gear box exports surged to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Papua New Guinea (X units) and New Zealand (X units) were the main destinations of gear box exports from Australia, together accounting for 47% of total exports. France, Germany, New Caledonia, the UK, Panama, Canada, Namibia, Singapore, Chile and Belgium lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of +127.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gear box exported from Australia were the United States ($X), Papua New Guinea ($X) and New Zealand ($X), together comprising 47% of total exports. France, Germany, New Caledonia, the UK, Panama, Canada, Namibia, Singapore, Chile and Belgium lagged somewhat behind, together accounting for a further 39%.

Namibia, with a CAGR of +79.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, picking up by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2017 an increase of 32% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Namibia ($X per unit) and the United States ($X per unit), while the average price for exports to Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into Australia

In 2022, overseas purchases of gear boxes increased by 9.2% to X units, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gear box imports expanded modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Mexico (X units) and Sweden (X units) were the main suppliers of gear box imports to Australia, together comprising 57% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gear box suppliers to Australia were the United States ($X), Mexico ($X) and Sweden ($X), with a combined 57% share of total imports.

Among the main suppliers, Sweden, with a CAGR of +14.6%, saw 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.

Import Prices by Country

The average gear box import price stood at $X per unit in 2022, with a decrease of -6.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gear boxes in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. These countries were followed by Japan, Germany, Brazil, Indonesia, Mexico, Italy, South Korea, France, Saudi Arabia and Canada, which together accounted for a further 35%.

What are the largest producers of gear boxes in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, together comprising 44% of global production. These countries were followed by Germany, India, South Korea, Indonesia, Brazil, Italy, Mexico, France and Saudi Arabia, which together accounted for a further 40%.

What are the leading suppliers of gear boxes to Australia?

In value terms, the United States, China and Sweden were the largest gear box suppliers to Australia, with a combined 52% share of total imports.

What are the leading importers of gear boxes from Australia?

In value terms, the largest markets for gear box exported from Australia were the United States, Papua New Guinea and New Zealand, with a combined 59% share of total exports. Canada, Germany, New Caledonia, France, Singapore, Indonesia, South Korea, South Africa, Belgium and Japan lagged somewhat behind, together accounting for a further 30%.

What is the average export price for gear boxes in Australia?

The average gear box export price stood at $22 per unit in 2021, growing by 83% against the previous year.

What is the average import price for gear boxes in Australia?

In 2021, the average gear box import price amounted to $18 per unit, remaining stable against the previous year.

This report provides an in-depth analysis of the gear box market in Australia. 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 29323033 - Gear boxes and their parts

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024