Northern America: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Northern America

For the third consecutive year, the North American gearboxes and speed changers market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Gearboxes and Speed Changers in Northern America

In value terms, gearboxes and speed changers production expanded to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports in Northern America

In 2022, after two years of decline, there was significant growth in shipments abroad of gearboxes and speed changers, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, gearboxes and speed changers exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

The United States was the main exporter of gearboxes and speed changers in Northern America, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Canada (X tons), creating a X% share of total exports.

Exports from the United States decreased at an average annual rate of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest gearboxes and speed changers supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, gearboxes and speed changers exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Gearboxes and Speed Changers

Imports in Northern America

In 2022, supplies from abroad of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, gearboxes and speed changers imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the main importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), comprising an X% share of total imports.

The United States was also the fastest-growing in terms of the gearboxes and speed changers imports, with a CAGR of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported gearboxes and speed changers in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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