Global Information, Inc. would like to present a new market research report, "World Gears" by Freedonia Group.
World demand for gears and gear assemblies is projected to reach a total market size of $169.5 billion climbing at an annual rate of 4.7% through 2013. Product sales in the U.S., Western Europe and Japan will be outpaced by demand in the developing regions of Asia, Eastern Europe, Africa, and the Middle East. Forecasted advances in gear sales will be generated by strong demand for wind and solar energy, which represent relatively small but fast growing markets. According to analysts at The Freedonia Group, "Market gains will be driven by rising motor vehicle production, ongoing economic growth, increased manufacturing output, and a shift in the product mix towards more expensive, energy-efficient units such as seven- and eight-speed automatic transmissions."
|WORLD GEAR DEMAND
|% Annual Growth|
|Central & South America||2910||5500||7090||13.6||5.9|
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