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Market Research Report
GEARS (US industry forecasts for 2013 & 2018)
| Published by |
The Freedonia Group |
| Published |
January, 2010 |
Product code |
106537 |
| Content info |
229 PAGES |
| Price |
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GEARS (US industry forecasts for 2013 & 2018) published by The Freedonia Group in January, 2010. This report consists of 229 PAGES and the price starts from US $ 4700.
Abstract
US demand to increase 4% annually through 2013
US demand for gears and gear assemblies is forecast to increase 4.0 percent
per year to $30.1 billion in 2013. This will be a considerable improvement
from the less than one percent yearly growth registered during the 2003-2008
period. Gains will be supported primarily by rebounding motor vehicle
production, which is forecast to advance 3.4 percent per year through 2013, a
notable turnaround from the declines registered over the previous decade. Gear
manufacturers will also benefit from value gains derived from product
improvements and upgrades, such as transmissions with higher numbers of
speeds. Greater sales opportunities will also present themselves in the
relatively small but rapidly expanding wind turbine market, in which large,
high-value gearboxes are required. Output in the aerospace equipment and
machinery industries is expected to moderate through 2013, which will slow
gear demand in those markets.
Dominant motor vehicle market to see fastest gains
The US market for gears and gear assemblies is heavily reliant on the motor
vehicle industry. In 2008, over threequarters of all gear sales were motor
vehicle related, despite low levels of vehicle production. Motor vehicle
transmissions alone accounted for nearly half of the entire gear market in
that year. As a result, US gear sales patterns tend to be closely related to
the performance of the motor vehicle industry. Despite strong growth in the
aerospace equipment and machinery markets, gear demand increases were sluggish
during the 2003- 2008 period, as the automotive industry struggled. Through
2013, advances in gear sales will be strong as the auto market recovers,
despite slowing growth in the aerospace and machinery industries.
The motor vehicle market for gears and gear assemblies is forecast to register
the fastest gains of any market through 2013, advancing 4.7 percent per year
to $23.8 billion. Gains will be supported by an expected rebound in production
of all vehicle types, although output of light trucks and vans will be slower
to recover as consumers continue to opt for smaller vehicles. Trends within
the automotive industry will also support higher sales of higher-value gear
products, as transmissions will generally feature more speeds, power
accessories will require more gearmotors, and more cars will feature
four-wheel-drive systems that require the use of differentials. Transfer case
sales will also be boosted by the strong growth of medium and heavy vehicle
production. However, several emerging trends in the motor vehicle industry
will limit gear demand increases. Continuously variable transmissions, which
do not require gears, are rapidly gaining a foothold in the automobile segment
of the industry. Furthermore, steer-by-wire technology could eventually limit
the use of gears in steering assemblies.
Vehicular gear assemblies to be fastest growing segment
Vehicular gear assemblies will post the strongest growth of any product
category, with sales increasing 4.4 percent per year through 2013. Advances in
this category will be spurred by the recovery in motor vehicle production.
Increases in both the non-vehicular gear assembly and individual gear product
categories will moderate from the pace registered during the 2003-2008 period.
Within the individual gear category, helical and bevel gears will post the
strongest gains. Helical gears will continue to displace spur gears in a
number of applications, while bevel gear manufacturers will continue to take
advantage of high-value sales opportunities in the aerospace market.
Study coverage
Gears, a new Freedonia industry study, presents historical demand data (1998,
2003, 2008) plus forecasts for 2013 and 2018 by material, product and market.
The study also considers market environment factors, details company market
share and profiles 33 industry competitors.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Environment
- Manufacturing Outlook
- Nonresidential Fixed Investment Outlook
- Historical Market Trends
- Pricing Trends
- Technological Innovations
- World Gear Market
- US Foreign Trade
III. MATERIALS
- General
- Metals
- Ferrous Metals
- Nonferrous Metals
- Plastic
IV. PRODUCTS
- General
- Vehicular Gear Assemblies
- Powertrain Gear Assemblies
- Steering Gear Assemblies
- Other Gear Assemblies
- Speed Reducers & Changers
- Gearmotors & Other Assemblies
- Helical
- Bevel
- Spur
- Worm & Other
- Individual Gears
V. MARKETS
- General
- Demand by Market
- Demand by Source
- Motor Vehicles
- Industry Outlook
- Gear Demand by Application & Vehicle Type
- Transmissions
- Driveline Components
- Steering Equipment
- Accessories & Other Gear Applications
- Gear Demand by Source
- Aerospace Equipment
- Industry Outlook
- Gear Demand
- Machinery
- Industry Outlook
- Gear Demand by Machinery Type
- Agricultural Equipment
- Construction Equipment
- Industrial Trucks & Tractors
- Process Manufacturing Machinery
- Material Handling Equipment
- Mining Equipment
- Other Machinery
- Demand by Source
- Marine Equipment
- Industry Outlook
- Gear Demand
- Other Markets
VI. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- General Motors
- Ford
- Eaton
- Chrysler
- Honda
- American Axle & Manufacturing
- Allison Transmission
- Aisin Seiki
- Other Suppliers
- Financial Issues
- Product Development & Manufacturing
- Marketing & Distribution
- Cooperative Agreements
- Mergers & Acquisitions
COMPANY PROFILES
- Aisin Seiki Company Limited
- Allison Transmission Incorporated
- Altra Industrial Motion Incorporated
- American Axle & Manufacturing Holdings Incorporated
- ArvinMeritor Incorporated
- Baldor Electric Company
- BorgWarner Incorporated
- Bosch (Robert) GmbH
- Boston Gear, see Altra Industrial Motion
- Browning, see Emerson Electric
- Caterpillar Incorporated
- Chrysler Group LLC
- Clyde Blowers Limited
- Daimler AG
- Dana Holding Corporation
- David Brown Gear Systems, see Clyde Blowers
- Deere & Company
- Delphi Corporation
- Detroit Diesel, see Daimler
- Durst, see Regal-Beloit
- Eaton Corporation
- Emerson Electric Company
- Ford Motor Company
- General Motors Company
- Grove Gear/Electra-Gear, see Regal-Beloit
- Honda Motor Company Limited
- Horsburgh & Scott Company
- Hub City/Foote Jones, see Regal-Beloit
- Huco Engineering Industries, see Altra Industrial Motion
- Joy Global Incorporated
- Leeson Electric, see Regal-Beloit
- Linamar Corporation
- Magna International Incorporated
- Morse Industrial, see Emerson Electric
- Nexteer Automotive, see General Motors
- Northrop Grumman Corporation
- Nuttall Gear, see Altra Industrial Motion
- OC Oerlikon Management AG
- Regal-Beloit Corporation
- Rexnord LLC
- Richmond Gear/Velvet Drive, see Regal-Beloit
- Sypris Solutions Incorporated
- Textron Incorporated
- Toyota Motor Corporation
- TRW Automotive Holdings Corporation
- Visteon Corporation
- WM Berg, see Rexnord
- Xtek Incorporated
- ZF Friedrichshafen AG
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Indicators
- 2 Manufacturers' Shipments
- 3 Nonresidential Fixed Investment
- 4 Gear Market, 1998-2008
- 5 Gear Price Deflators
- 6 World Gear Demand by Region
- 7 US Foreign Trade in Gears
- 8 US Gear Imports by Source
- 9 US Gear Exports by Destination
SECTION III -- MATERIALS
- 1 Gear Demand by Material
- 2 Ferrous Metal Gear Demand by Product
- 3 Nonferrous Metal Gear Demand by Product
- 4 Plastic Gear Demand by Product
SECTION IV -- PRODUCTS
- 1 Gear Supply & Demand
- 2 Vehicular Gear Assembly Supply & Demand
- 3 Powertrain Gear Assembly Demand
- 4 Steering Gear Assembly Demand
- 5 Other Gear Assembly Supply & Demand
- 6 Speed Reducer/Changer Demand
- 7 Gearmotor & Other Assembly Demand
- 8 Individual Gear Supply & Demand
- 9 Individual Helical Gear Demand
- 10 Individual Bevel Gear Demand
- 11 Individual Spur Gear Demand
- 12 Other Individual Gear Demand
SECTION V -- MARKETS
- 1 Gear Demand by Market & Source
- 2 Motor Vehicle Industry Outlook
- 3 Motor Vehicle Gear Demand by Application & Vehicle Type
- 4 Motor Vehicle Transmission Gear Demand
- 5 Motor Vehicle Driveline Gear Demand
- 6 Motor Vehicle Steering Gear Demand
- 7 Motor Vehicle Accessory & Other Gear Demand
- 8 Motor Vehicle Gear Demand by Source
- 9 Motor Vehicle OEM Gear Demand by Supplier & Vehicle Type
- 10 Motor Vehicle Aftermarket Gear Demand by Vehicle Type
- 11 Aerospace Equipment Shipments
- 12 Aerospace Gear Demand
- 13 Machinery Shipments by Type
- 14 Gear Demand by Machinery Type
- 15 Agricultural Equipment Gear Demand
- 16 Construction Equipment Gear Demand
- 17 Industrial Truck & Tractor Gear Demand
- 18 Process Manufacturing Machinery Gear Demand
- 19 Material Handling Equipment Gear Demand
- 20 Mining Equipment Gear Demand
- 21 Other Machinery Gear Demand
- 22 Machinery Gear Demand by Source
- 23 Marine Equipment Shipments
- 24 Marine Gear Demand
- 25 Other Markets Gear Demand
SECTION VI -- INDUSTRY STRUCTURE
- 1 Gear Sales by Company, 2008
- 2 Composite Financial Ratios: Selected Gear Manufacturers
- 3 Selected Cooperative Agreements
- 4 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Gear Market, 1999-2008
- 2 Gear Pricing, 1998-2018
- 3 World Gear Demand, 2008
- 4 US Gear Imports by Source, 2008
- 5 US Gear Exports by Destination, 2008
SECTION III -- MATERIALS
- 1 Gear Demand by Material, 2008
SECTION IV -- PRODUCTS
- 1 Gear Shipments by Product Type, 1998-2018
- 2 Individual Gear Demand by Product, 2008
SECTION V -- MARKETS
- 1 Gear Demand by Market, 2008
- 2 Gear Demand by Source, 2008
- 3 Motor Vehicle Gear Demand by Application, 2008
SECTION VI -- INDUSTRY STRUCTURE
- 1 US Gear Market Share by Company, 2008
Gears and gear assemblies market in the US to increase 4% per year to $30.1 billion in 2013
February 17th, 2010
Global Information would like to present a market research report, "GEARS (US industry forecasts for 2013 & 2018)" by The Freedonia Group.
The US market for gears and gear assemblies is heavily reliant on the motor vehicle industry. In 2008, over threequarters of all gear sales were motor vehicle related, despite low levels of vehicle production. Motor vehicle transmissions alone accounted for nearly half of the entire gear market in that year. As a result, US gear sales patterns tend to be closely related to the performance of the motor vehicle industry. Despite strong growth in the aerospace equipment and machinery markets, gear demand increases were sluggish during the 2003- 2008 period, as the automotive industry struggled. Through 2013, advances in gear sales will be strong as the auto market recovers, despite slowing growth in the aerospace and machinery industries.
The forecasted growth will be a considerable improvement from the less than one percent yearly growth registered during the 2003-2008 period. Gains will be supported primarily by rebounding motor vehicle production, which is forecast to advance 3.4 percent per year through 2013, a notable turnaround from the declines registered over the previous decade.
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