Report Puerto Rico - Gearboxes and Speed Changers for Machinery and Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Jan 1, 2025

Puerto Rico - 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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Puerto Rico: Market for Gearboxes and Speed Changers 2025

Market Size for Gearboxes and Speed Changers in Puerto Rico

The Puerto Rican gearboxes and speed changers market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -35.8% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Gearboxes and Speed Changers in Puerto Rico

In value terms, gearboxes and speed changers production rose remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -36.1% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 84% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports by Country

In 2021, China (X tons) was the key exporter of gearboxes and speed changers, committing 30% of total exports. Germany (X tons) ranks second in terms of the total exports with a 12% share, followed by Italy (10%), Japan (8.5%), Taiwan (Chinese) (6.8%) and the United States (1.3%). Denmark (X tons), Belgium (X tons), Spain (X tons), South Korea (X tons), Mexico (X tons), India (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +24.3% from 2012 to 2021. At the same time, India (+25.4%), Denmark (+12.3%), Taiwan (Chinese) (+11.4%), Mexico (+8.2%), the Czech Republic (+6.0%), South Korea (+3.0%), Spain (+1.4%) and Japan (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +25.4% from 2012-2021. Italy, Germany and Belgium experienced a relatively flat trend pattern. By contrast, the United States (-11.3%) illustrated a downward trend over the same period. While the share of China (+24 p.p.), Taiwan (Chinese) (+2.9 p.p.), Denmark (+1.7 p.p.) and India (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Belgium (-1.7 p.p.), Japan (-3 p.p.), Italy (-3.9 p.p.), the United States (-4.5 p.p.) and Germany (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gearboxes and speed changers supplying countries from Puerto Rico were Germany ($X), China ($X) and Japan ($X), together accounting for 43% of total exports. Italy, the United States, Taiwan (Chinese), Belgium, India, Spain, Denmark, Mexico, South Korea and the Czech Republic lagged somewhat behind, together accounting for a further 40%.

India, with a CAGR of +26.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports by Country

In 2021, the United States (X tons), distantly followed by Mexico (X tons), Brazil (X tons), China (X tons) and Germany (X tons) were the main importers of gearboxes and speed changers, together committing 48% of total imports. The following importers - Italy (X tons), Denmark (X tons), Japan (X tons), Canada (X tons), Spain (X tons), Russia (X tons), the UK (X tons) and South Korea (X tons) - together made up 23% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gearboxes and speed changers importing markets into Puerto Rico were the United States ($X), China ($X) and Germany ($X), together comprising 34% of total imports. These countries were followed by Brazil, Canada, Mexico, Italy, Japan, South Korea, Denmark, the UK, Russia and Spain, which together accounted for a further 32%.

In terms of the main importing countries, Mexico, with a CAGR of +6.2%, saw 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gearboxes and speed changers in the world?

China constituted the country with the largest volume of gearboxes and speed changers consumption, accounting for 27% of total volume. Moreover, gearboxes and speed changers consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8.7% share.

What are the largest producers of gearboxes and speed changers in the world?

The country with the largest volume of gearboxes and speed changers production was China, comprising approx. 32% of total volume. Moreover, gearboxes and speed changers production in China exceeded the figures recorded by the second-largest producer, India, threefold. Germany ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of gearboxes and speed changers to Puerto Rico?

In value terms, the largest gearboxes and speed changers importing markets into Puerto Rico were the United States, China and Germany, with a combined 34% share of total imports. Brazil, Canada, Mexico, Italy, Japan, Denmark, the UK, Russia, Spain and Indonesia lagged somewhat behind, together accounting for a further 31%.

What are the leading importers of gearboxes and speed changers from Puerto Rico?

In value terms, China, Germany and Japan were the countries with the highest levels of exports in 2021, together comprising 46% of total exports. These countries were followed by Italy, the United States, Taiwan Chinese), India, Spain, Belgium, Denmark, South Korea and the Czech Republic, which together accounted for a further 35%.

What is the average export price for gearboxes and speed changers in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, remaining constant against the previous year.

What is the average import price for gearboxes and speed changers in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, flattening at the previous year.

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

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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