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Mechanical Power Transmission Equipment Global Market Report 2024

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    Report

  • 300 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5781088
The mechanical power transmission equipment market size has grown strongly in recent years. It will grow from $62.21 billion in 2023 to $67.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth observed in the historical period is attributed to industrialization, manufacturing expansion, the automotive industry's growth, globalization, supply chain complexity, increased automation in manufacturing, and the growing demand for agricultural machinery.


The mechanical power transmission equipment market size is expected to see strong growth in the next few years. It will grow to $91.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. Anticipated growth in the forecast period is tied to sustainable practices, predictive maintenance focus, renewable energy integration, global manufacturing shifts, and emphasis on lightweight, compact designs. Major trends expected include smart sensors and IoT integration, customization with modular designs, utilization of advanced materials, collaborative transmission system design, and integration with robotics and collaborative robots (cobots).

The mechanical power transmission equipment market is anticipated to experience growth driven by the expanding renewable energy sector, specifically in wind and solar power generation. Renewable energy sources, which are naturally replenished, rely on mechanical power transmission systems, necessitating specialized equipment such as gearboxes and drive systems to convert rotational energy into electricity. As reported in April 2023 by the National Renewable Energy Laboratory (NREL), global photovoltaic installations reached 231 gigawatts of direct current (GWdc) in 2022, contributing to a cumulative total of 1.2 terawatts of direct current (TWdc). Notably, China led this growth with a 57% surge in annual PV installations, accounting for 42% of global demand. Projections indicate annual installations exceeding 300 GW by 2023 and surpassing 400 GW by 2025, highlighting the pivotal role of the renewable energy industry in propelling the mechanical power transmission equipment market.

Government initiatives aligned with the Paris Agreement on climate change are anticipated to drive global demand for electric vehicles, subsequently boosting the market for mechanical power transmission equipment. Countries such as China, Norway, and several U.S. states have set ambitious targets for the production and adoption of electric and hybrid vehicles by 2025. These initiatives aim to curb emissions and promote environmentally friendly transportation. Consequently, an increase in green vehicle production, supported by government policies, is expected to drive consumer adoption and fuel demand for mechanical power transmission equipment, a crucial supplier of metal components to the automotive sector.

The imposition of trade restrictions by various developed and developing economies is poised to pose challenges to the growth of the mechanical power transmission equipment market. Post-Brexit, increased trade restrictions are expected between the UK and other European countries, while the USMCA trade agreement between the USA, Canada, and Mexico, implemented during President Donald Trump's administration, is such as ly to impact the prices of metal components imported from Mexico. According to a report by the International Chamber of Commerce in April 2023, Western nations introduced 55 new measures related to machinery exports in 2022, indicating a trend of stricter export controls. This reduction in global free trade is anticipated to hinder the mechanical power transmission equipment market by elevating production costs and introducing tariffs.

Leading companies within the market are strategically focusing on the development of cutting-edge products, exemplified by the introduction of Synchromotion polyurethane (PU) timing belts, aimed at securing a competitive edge. Synchromotion, as a polyurethane (PU) timing belt, stands out for its reliable power transmission, featuring wear-resistant PU material and requiring minimal maintenance due to its high-tensile-strength steel cord tension member. Specifically designed for challenging power transmission environments, Synchromotion was unveiled in February 2023 by Continental AG, a Germany-based sustainable energy component manufacturing company. As part of its Truly Endless product line, these steel-cord-reinforced polyurethane belts are renowned for their outstanding flexibility, resistance to abrasion, and prolonged durability. The incorporation of a polyurethane cover enhances power transmission efficiency, surpassing alternative materials.

The mechanical power transmission equipment industry is witnessing an increased adoption of magnetic gears, a revolutionary development characterized by contactless operation, resulting in efficiencies exceeding 99% or more. Notably, magnetic gears eliminate the necessity for transmission oil, offering advantages such as high reliability and minimal maintenance due to their contactless nature. Additionally, these gears possess an auto-slipping mechanism that prevents damage in case of torque overload, automatically re-engaging when the overload torque is removed. This innovative technology represents a notable advancement within the mechanical power transmission equipment sector, providing enhanced operational efficiency and reduced maintenance requirements.

Major companies operating in the mechanical power transmission equipment market report are Hitachi Ltd., Siemens AG, General Electric Company, Mitsubishi Heavy Industries Ltd., ABB Ltd., EatonCorporationPLC, Nidec Corporation, Schaeffler Technologies AG & Co KG, Illinois Tool Works Inc., SKF Group, Sumitomo Heavy Industries Ltd., Gardner Denver, WEG, Zebra Technologies, Regal Rexnord Corporation, Regal Beloit Corporation, TheTimkenCompany, Graham Corporation, Gates Corporation, TsubakimotoChainCo., Comer Industries Spa, Lufkin Industries, Atkore International Group Inc., Andantex USA Inc., Boston Gear LLC, Altra Industrial Motion India Pvt. Ltd., Renold PLC, Torotrak, Bonfiglioli Transmissions Private Limited, Dana Motion Systems Italia S.r.l., Flender, NTN Corporation, Curtis Machine Company Inc.

Asia-Pacific was the largest region in the mechanical power transmission equipment market in 2023. Western Europe was the second largest region of the mechanical power transmission equipment market. The regions covered in the mechanical power transmission equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mechanical power transmission equipment market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

Primary types include plain bearings, joints, clutches, couplings, pulleys, chains and sprockets, among others. Plain bearings in this market are commonly used in agricultural machinery as slide bearings. Sales channels encompass OEM and aftermarket, serving industries such as automotive, aerospace and defense, the power sector, and others.

The mechanical power transmission equipment market research report is one of a series of new reports that provides mechanical power transmission equipment market statistics, including mechanical power transmission equipment industry global market size, regional shares, competitors with a mechanical power transmission equipment market share, detailed mechanical power transmission equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical power transmission equipment industry. This mechanical power transmission equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The mechanical power transmission equipment market consists of sales of shaft couplings, chain drives, gear drives, belt drives, and power screws. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Mechanical Power Transmission Equipment Market Characteristics
3. Mechanical Power Transmission Equipment Product/Service Analysis -Product/Service Examples
3.1. Mechanical Power Transmission Equipment Supply Chain Analysis
3.1.1. Mechanical Power Transmission Equipment Resources
3.1.2. Mechanical Power Transmission Equipment Manufacturers
3.1.3. Mechanical Power Transmission Equipment Distributors and Retailers
3.1.4. Mechanical Power Transmission Equipment End Users
3.2. Mechanical Power Transmission Equipment Customer Information
4. Mechanical Power Transmission Equipment Market Trends and Strategies
5. Mechanical Power Transmission Equipment Market - Macro Economic Scenario
5.1. Impact of High Inflation on the Market
5.2. Ukraine-Russia War Impact on the Market
5.3. COVID-19 Impact on the Market
6. Global Mechanical Power Transmission Equipment Market Size and Growth
6.1. Global Mechanical Power Transmission Equipment Market Drivers and Restraints
6.1.1. Drivers of the Market
6.1.2. Restraints of the Market
6.2. Global Mechanical Power Transmission Equipment Historic Market Size and Growth, 2018-2023, Value ($ Billion)
6.3. Global Mechanical Power Transmission Equipment Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
7. Mechanical Power Transmission Equipment Market Segmentation
7.1. Global Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Plain Bearings
  • Joints
  • Clutches
  • Couplings
  • Pulleys
  • Chains and Sprockets
  • Other Mechanical Power Transmission Equipment
7.2. Global Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • OEM
  • Aftermarket
7.3. Global Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Automotive
  • Aerospace & Defense
  • Power Industry
  • Other End-User Industries
8. Mechanical Power Transmission Equipment Market Regional and Country Analysis
8.1. Global Mechanical Power Transmission Equipment Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.2. Global Mechanical Power Transmission Equipment Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. Asia-Pacific Mechanical Power Transmission Equipment Market
9.1. Asia-Pacific Mechanical Power Transmission Equipment Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.2. Asia-Pacific Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.3. Asia-Pacific Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.4. Asia-Pacific Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10. China Mechanical Power Transmission Equipment Market
10.1. China Mechanical Power Transmission Equipment Market Overview
10.2. China Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.3. China Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.4. China Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
11. India Mechanical Power Transmission Equipment Market
11.1. India Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. India Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. India Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Japan Mechanical Power Transmission Equipment Market
12.1. Japan Mechanical Power Transmission Equipment Market Overview
12.2. Japan Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Japan Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.4. Japan Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Australia Mechanical Power Transmission Equipment Market
13.1. Australia Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Australia Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Australia Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. Indonesia Mechanical Power Transmission Equipment Market
14.1. Indonesia Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. Indonesia Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. Indonesia Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. South Korea Mechanical Power Transmission Equipment Market
15.1. South Korea Mechanical Power Transmission Equipment Market Overview
15.2. South Korea Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. South Korea Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. South Korea Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. Bangladesh Mechanical Power Transmission Equipment Market
16.1. Bangladesh, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
16.2. Bangladesh, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
17. Thailand Mechanical Power Transmission Equipment Market
17.1. Thailand, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
17.2. Thailand, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
18. Vietnam Mechanical Power Transmission Equipment Market
18.1. Vietnam, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
18.2. Vietnam, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
19. Malaysia Mechanical Power Transmission Equipment Market
19.1. Malaysia, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
19.2. Malaysia, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
20. Singapore Mechanical Power Transmission Equipment Market
20.1. Singapore, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
20.2. Singapore, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
21. Philippines Mechanical Power Transmission Equipment Market
21.1. Philippines, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
21.2. Philippines, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
22. Hong Kong Mechanical Power Transmission Equipment Market
22.1. Hong Kong, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
22.2. Hong Kong, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
23. New Zealand Mechanical Power Transmission Equipment Market
23.1. New Zealand, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
23.2. New Zealand, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
24. Western Europe Mechanical Power Transmission Equipment Market
24.1. Western Europe Mechanical Power Transmission Equipment Market Overview
24.2. Western Europe Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. Western Europe Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. Western Europe Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. UK Mechanical Power Transmission Equipment Market
25.1. UK Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.2. UK Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. UK Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. Germany Mechanical Power Transmission Equipment Market
26.1. Germany Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.2. Germany Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. Germany Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. France Mechanical Power Transmission Equipment Market
27.1. France Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. France Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. France Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Italy Mechanical Power Transmission Equipment Market
28.1. Italy Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.2. Italy Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Italy Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Spain Mechanical Power Transmission Equipment Market
29.1. Spain Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.2. Spain Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Spain Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Austria Mechanical Power Transmission Equipment Market
30.1. Austria, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
30.2. Austria, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
31. Belgium Mechanical Power Transmission Equipment Market
31.1. Belgium, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
31.2. Belgium, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
32. Denmark Mechanical Power Transmission Equipment Market
32.1. Denmark, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
32.2. Denmark, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
33. Finland Mechanical Power Transmission Equipment Market
33.1. Finland, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
33.2. Finland, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
34. Ireland Mechanical Power Transmission Equipment Market
34.1. Ireland, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
34.2. Ireland, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
35. Netherlands Mechanical Power Transmission Equipment Market
35.1. Netherlands, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
35.2. Netherlands, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
36. Norway Mechanical Power Transmission Equipment Market
36.1. Norway, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
36.2. Norway, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
37. Portugal Mechanical Power Transmission Equipment Market
37.1. Portugal, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
37.2. Portugal, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
38. Sweden Mechanical Power Transmission Equipment Market
38.1. Sweden, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
38.2. Sweden, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
39. Switzerland Mechanical Power Transmission Equipment Market
39.1. Switzerland, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
39.2. Switzerland, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
40. Eastern Europe Mechanical Power Transmission Equipment Market
40.1. Eastern Europe Mechanical Power Transmission Equipment Market Overview
40.2. Eastern Europe Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.3. Eastern Europe Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.4. Eastern Europe Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41. Russia Mechanical Power Transmission Equipment Market
41.1. Russia Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.2. Russia Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.3. Russia Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
42. Czech Republic Mechanical Power Transmission Equipment Market
42.1. Czech Republic, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
42.2. Czech Republic, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
43. Poland Mechanical Power Transmission Equipment Market
43.1. Poland, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
43.2. Poland, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
44. Romania Mechanical Power Transmission Equipment Market
44.1. Romania, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
44.2. Romania, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
45. Ukraine Mechanical Power Transmission Equipment Market
45.1. Ukraine, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
45.2. Ukraine, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
46. North America Mechanical Power Transmission Equipment Market
46.1. North America Mechanical Power Transmission Equipment Market Overview
46.2. North America Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.3. North America Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.4. North America Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47. USA Mechanical Power Transmission Equipment Market
47.1. USA Mechanical Power Transmission Equipment Market Overview
47.2. USA Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.3. USA Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.4. USA Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48. Canada Mechanical Power Transmission Equipment Market
48.1. Canada Mechanical Power Transmission Equipment Market Overview
48.2. Canada Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.3. Canada Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.4. Canada Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
49. Mexico Mechanical Power Transmission Equipment Market
49.1. Mexico, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
49.2. Mexico, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
50. South America Mechanical Power Transmission Equipment Market
50.1. South America Mechanical Power Transmission Equipment Market Overview
50.2. South America Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.3. South America Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.4. South America Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51. Brazil Mechanical Power Transmission Equipment Market
51.1. Brazil Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.2. Brazil Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.3. Brazil Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
52. Chile Mechanical Power Transmission Equipment Market
52.1. Chile, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
52.2. Chile, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
53. Argentina Mechanical Power Transmission Equipment Market
53.1. Argentina, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
53.2. Argentina, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
54. Colombia Mechanical Power Transmission Equipment Market
54.1. Colombia, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
54.2. Colombia, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
55. Peru Mechanical Power Transmission Equipment Market
55.1. Peru, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
55.2. Peru, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
56. Middle East Mechanical Power Transmission Equipment Market
56.1. Middle East Mechanical Power Transmission Equipment Market Overview
56.2. Middle East Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.3. Middle East Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.4. Middle East Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
57. Saudi Arabia Mechanical Power Transmission Equipment Market
57.1. Saudi Arabia, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
57.2. Saudi Arabia, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
58. Israel Mechanical Power Transmission Equipment Market
58.1. Israel, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
58.2. Israel, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
59. Iran Mechanical Power Transmission Equipment Market
59.1. Iran, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
59.2. Iran, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
60. Turkey Mechanical Power Transmission Equipment Market
60.1. Turkey, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
60.2. Turkey, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
61. United Arab Emirates Mechanical Power Transmission Equipment Market
61.1. United Arab Emirates, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
61.2. United Arab Emirates, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
62. Africa Mechanical Power Transmission Equipment Market
62.1. Africa Mechanical Power Transmission Equipment Market Overview
62.2. Africa Mechanical Power Transmission Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.3. Africa Mechanical Power Transmission Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.4. Africa Mechanical Power Transmission Equipment Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
63. Egypt Mechanical Power Transmission Equipment Market
63.1. Egypt, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
63.2. Egypt, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
64. Nigeria Mechanical Power Transmission Equipment Market
64.1. Nigeria, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
64.2. Nigeria, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
65. South Africa Mechanical Power Transmission Equipment Market
65.1. South Africa, Mechanical Power Transmission Equipment Historic Market, 2018-2023, $ Billion
65.2. South Africa, Mechanical Power Transmission Equipment Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
66. Mechanical Power Transmission Equipment Market Competitive Landscape and Company Profiles
66.1. Mechanical Power Transmission Equipment Market Competitive Landscape
66.2. Mechanical Power Transmission Equipment Market Company Profiles
66.2.1. Hitachi Ltd.
66.2.1.1. Overview
66.2.1.2. Products and Services
66.2.1.3. Strategy
66.2.1.4. Financial Performance
66.2.2. Siemens AG
66.2.2.1. Overview
66.2.2.2. Products and Services
66.2.2.3. Strategy
66.2.2.4. Financial Performance
66.2.3. General Electric Company
66.2.3.1. Overview
66.2.3.2. Products and Services
66.2.3.3. Strategy
66.2.3.4. Financial Performance
66.2.4. Mitsubishi Heavy Industries Ltd.
66.2.4.1. Overview
66.2.4.2. Products and Services
66.2.4.3. Strategy
66.2.4.4. Financial Performance
66.2.5. ABB Ltd.
66.2.5.1. Overview
66.2.5.2. Products and Services
66.2.5.3. Strategy
66.2.5.4. Financial Performance
67. Mechanical Power Transmission Equipment Market Other Major and Innovative Companies
67.1. EatonCorporationplc
67.2. Nidec Corporation
67.3. Schaeffler Technologies AG & Co KG
67.4. Illinois Tool Works Inc.
67.5. SKF Group
67.6. Sumitomo Heavy Industries Ltd.
67.7. Gardner Denver
67.8. WEG
67.9. Zebra Technologies
67.10. Regal Rexnord Corporation
67.11. Regal Beloit Corporation
67.12. TheTimkenCompany
67.13. Graham Corporation
67.14. Gates Corporation
67.15. TsubakimotoChainCo.
68. Global Mechanical Power Transmission Equipment Market Competitive Benchmarking69. Global Mechanical Power Transmission Equipment Market Competitive Dashboard70. Key Mergers and Acquisitions in the Mechanical Power Transmission Equipment Market
71. Mechanical Power Transmission Equipment Market Future Outlook and Potential Analysis
71.1 Mechanical Power Transmission Equipment Market in 2028 - Countries Offering Most New Opportunities
71.2 Mechanical Power Transmission Equipment Market in 2028 - Segments Offering Most New Opportunities
71.3 Mechanical Power Transmission Equipment Market in 2028 - Growth Strategies
71.3.1 Market Trend-based Strategies
71.3.2 Competitor Strategies
72. Appendix
72.1. Abbreviations
72.2. Currencies
72.3. Historic and Forecast Inflation Rates
72.4. Research Inquiries
72.5. About the Analyst
72.6. Copyright and Disclaimer

Executive Summary

Mechanical Power Transmission Equipment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on mechanical power transmission equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for mechanical power transmission equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Plain Bearings; Joints; Clutches; Couplings; Pulleys; Chains and Sprockets; Other Mechanical Power Transmission Equipment
2) By Sales Channel: OEM; Aftermarket
3) By End-user Industry: Automotive; Aerospace & Defense; Power Industry; Other End-user Industries

Key Companies Mentioned: Hitachi Ltd.; Siemens AG; General Electric Company; Mitsubishi Heavy Industries Ltd.; ABB Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Hitachi Ltd.
  • Siemens AG
  • General Electric Company
  • Mitsubishi Heavy Industries Ltd.
  • ABB Ltd.
  • EatonCorporationplc
  • Nidec Corporation
  • Schaeffler Technologies AG & Co KG
  • Illinois Tool Works Inc.
  • SKF Group
  • Sumitomo Heavy Industries Ltd.
  • Gardner Denver
  • WEG
  • Zebra Technologies
  • Regal Rexnord Corporation
  • Regal Beloit Corporation
  • TheTimkenCompany
  • Graham Corporation
  • Gates Corporation
  • TsubakimotoChainCo.
  • Comer Industries Spa
  • Lufkin Industries
  • Atkore International Group Inc.
  • Andantex USA Inc.
  • Boston Gear LLC
  • Altra Industrial Motion India Pvt. Ltd.
  • Renold Plc
  • Torotrak
  • Bonfiglioli Transmissions Private Limited
  • Dana Motion Systems Italia S.r.l.
  • Flender
  • NTN Corporation
  • Curtis Machine Company Inc.

Table Information