
Study #: 2593
Document Type: Industry Study
Date Published: Jan-2010
Format: Full study: PDF Section, Pages, Tables and Charts: HTML
Pages: 229
Price: $4,700.00

US demand for gears and gear assemblies will rise 3.9 percent annually through 2013. Gains will be supported by rebounding levels of motor vehicle production, and by value gains from product improvements and upgrades such as transmissions with higher numbers of speeds. Vehicular gear assemblies will register the strongest growth.

This study analyzes the $25 billion US gears industry. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 by gear material (metals, plastic), product (e.g., vehicular gear assemblies, speed reducers and changers, gearmotors, individual gears) and market (e.g., motor vehicles, aerospace equipment, machinery).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 35 industry players, including General Motors, Ford and Eaton.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		Introduction	                                                    viii

	I.	Executive Summary						       1

	II.	Market Environment						       4
		General								       4
		Macroeconomic Environment					       5
		Manufacturing Outlook						      10
		Nonresidential Fixed Investment Outlook				      13
		Historical Market Trends					      16
		Pricing Trends							      19
		Technological Innovations					      23
		World Gear Market						      25
		US Foreign Trade						      28
		   US Imports							      29
		   US Exports							      32

	III.	Materials							      35
		General								      35
		Metals								      37
		   Ferrous Metals						      38
		   Nonferrous Metals						      41
		Plastic								      43

	IV.	Products							      46
		General								      46
		Vehicular Gear Assemblies					      49
		   Powertrain Gear Assemblies					      52
		   Steering Gear Assemblies					      56
		Other Gear Assemblies						      59
		   Speed Reducers & Changers					      62
		      Helical							      64
		      Bevel							      65
		      Spur							      65
		      Other							      65
		   Gearmotors & Other Assemblies				      66
		      Helical							      68
		      Bevel							      68
		      Spur							      68
		      Worm & Other						      69
		Individual Gears						      69
		   Helical							      72
		   Bevel							      75
		   Spur								      77
		   Other							      80

	V.	Markets								      82
		General								      82
		   Demand by Market						      83
		   Demand by Source						      85
		Motor Vehicles							      87
		   Industry Outlook						      88
		   Gear Demand by Application & Vehicle Type			      91
		      Transmissions						      95
		      Driveline Components					     100
		      Steering Equipment					     103
		      Accessories & Other Gear Applications			     106
		   Gear Demand by Source					     109
		      OEM							     110
		      Aftermarket						     113
		Aerospace Equipment						     114
		   Industry Outlook						     115
		   Gear Demand							     116
		Machinery							     119
		   Industry Outlook						     120
		   Gear Demand by Machinery Type				     122
		      Agricultural Equipment					     124
		      Construction Equipment					     126
		      Industrial Trucks & Tractors				     128
		      Process Manufacturing Machinery				     129
		      Material Handling Equipment				     131
		      Mining Equipment						     132
		      Other Machinery						     133
		   Demand by Source						     134
		Marine Equipment						     136
		   Industry Outlook						     136
		   Gear Demand							     137
		Other Markets							     139

	VI.	Industry Structure						     141
		General								     141
		Industry Composition						     142
		Market Share							     145
		      General Motors						     146
		      Ford							     147
		      Eaton							     147
		      Chrysler							     148
		      Honda							     148
		      American Axle & Manufacturing				     148
		      Allison Transmission					     149
		      Aisin Seiki						     149
		      Other Suppliers						     149
		Financial Issues						     150
		Product Development & Manufacturing				     152
		Marketing & Distribution					     153
		Cooperative Agreements						     155
		Mergers & Acquisitions						     157
		Company Profiles						     159
		   Aisin Seiki Company Limited					     161
		   Allison Transmission Incorporated				     164
		   Altra Industrial Motion Incorporated				     165
		   American Axle & Manufacturing Holdings Incorporated		     168
		   ArvinMeritor Incorporated					     170
		   Baldor Electric Company					     172
		   BorgWarner Incorporated					     174
		   Bosch (Robert) GmbH						     175
		   Boston Gear, see Altra Industrial Motion 
		   Browning, see Emerson Electric 
		   Caterpillar Incorporated					     177
		   Chrysler Group LLC						     179
		   Clyde Blowers Limited					     181
		   Daimler AG							     183
		   Dana Holding Corporation					     185
		   David Brown Gear Systems, see Clyde Blowers 
		   Deere & Company						     188
		   Delphi Corporation						     190
		   Detroit Diesel, see Daimler 
		   Durst, see Regal-Beloit 
		   Eaton Corporation						     191
		   Emerson Electric Company					     193
		   Ford Motor Company						     195
		   General Motors Company					     196
		   Grove Gear/Electra-Gear, see Regal-Beloit 
		   Honda Motor Company Limited					     198
		   Horsburgh & Scott Company					     200
		   Hub City/Foote Jones, see Regal-Beloit 
		   Huco Engineering Industries, see Altra Industrial Motion 
		   Joy Global Incorporated					     201
		   Leeson Electric, see Regal-Beloit 
		   Linamar Corporation						     202
		   Magna International Incorporated				     203
		   Morse Industrial, see Emerson Electric 
		   Nexteer Automotive, see General Motors 
		   Northrop Grumman Corporation					     205
		   Nuttall Gear, see Altra Industrial Motion 
		   OC Oerlikon Management AG					     206
		   Regal-Beloit Corporation					     208
		   Rexnord LLC							     212
		   Richmond Gear/Velvet Drive, see Regal-Beloit 
		   Sypris Solutions Incorporated				     214
		   Textron Incorporated						     215
		   Toyota Motor Corporation					     216
		   TRW Automotive Holdings Corporation				     217
		   Visteon Corporation						     219
		   WM Berg, see Rexnord 
		   Xtek Incorporated						     220
		   ZF Friedrichshafen AG					     222
		Additional Companies						     226


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- Executive Summary
		Summary Table	                                                       3

		SECTION II -- Market Environment
	1	Macroeconomic Indicators					      10
	2	Manufacturers’ Shipments					      13
	3	Nonresidential Fixed Investment					      16
	4	Gear Market, 1998-2008						      18
	5	Gear Price Deflators						      22
	6	World Gear Demand by Region					      27
	7	US Foreign Trade in Gears					      29
	8	US Gear Imports by Source					      31
	9	US Gear Exports by Destination					      34

		SECTION III -- Materials
	1	Gear Demand by Material						      36
	2	Ferrous Metal Gear Demand by Product				      41
	3	Nonferrous Metal Gear Demand by Product				      43
	4	Plastic Gear Demand by Product					      45

		SECTION IV -- Products
	1	Gear Supply & Demand						      48
	2	Vehicular Gear Assembly Supply & Demand				      52
	3	Powertrain Gear Assembly Demand					      56
	4	Steering Gear Assembly Demand					      59
	5	Other Gear Assembly Supply & Demand				      62
	6	Speed Reducer/Changer Demand					      64
	7	Gearmotor & Other Assembly Demand				      67
	8	Individual Gear Supply & Demand					      71
	9	Individual Helical Gear Demand					      75
	10	Individual Bevel Gear Demand					      77
	11	Individual Spur Gear Demand					      80
	12	Other Individual Gear Demand					      81

		SECTION V -- Markets
	1	Gear Demand by Market & Source					      83
	2	Motor Vehicle Industry Outlook					      90
	3	Motor Vehicle Gear Demand by Application & Vehicle Type		      94
	4	Motor Vehicle Transmission Gear Demand				     100
	5	Motor Vehicle Driveline Gear Demand				     103
	6	Motor Vehicle Steering Gear Demand				     106
	7	Motor Vehicle Accessory & Other Gear Demand			     108
	8	Motor Vehicle Gear Demand by Source				     110
	9	Motor Vehicle OEM Gear Demand 
		   by Supplier & Vehicle Type					     112
	10	Motor Vehicle Aftermarket Gear Demand by Vehicle Type		     114
	11	Aerospace Equipment Shipments					     116
	12	Aerospace Gear Demand						     119
	13	Machinery Shipments by Type					     122
	14	Gear Demand by Machinery Type					     124
	15	Agricultural Equipment Gear Demand				     126
	16	Construction Equipment Gear Demand				     128
	17	Industrial Truck & Tractor Gear Demand				     129
	18	Process Manufacturing Machinery Gear Demand			     130
	19	Material Handling Equipment Gear Demand				     132
	20	Mining Equipment Gear Demand					     133
	21	Other Machinery Gear Demand					     134
	22	Machinery Gear Demand by Source					     135
	23	Marine Equipment Shipments					     137
	24	Marine Gear Demand						     138
	25	Other Markets Gear Demand					     140

		SECTION VI -- Industry Structure
	1	Gear Sales by Company, 2008					     144
	2	Composite Financial Ratios: Selected Gear Manufacturers		     151
	3	Selected Cooperative Agreements					     157
	4	Selected Acquisitions & Divestitures				     159


				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION I -- Executive Summary

		SECTION II -- Market Environment
	1	Gear Market, 1999-2008						      19
	2	Gear Pricing, 1998-2018						      22
	3	World Gear Demand, 2008						      27
	4	US Gear Imports by Source, 2008					      32
	5	US Gear Exports by Destination, 2008				      34

		SECTION III -- Materials
	1	Gear Demand by Material, 2008					      37

		SECTION IV -- Products
	1	Gear Shipments by Product Type, 1998-2018			      49
	2	Individual Gear Demand by Product, 2008				      72

		SECTION V -- Markets
	1	Gear Demand by Market, 2008					      85
	2	Gear Demand by Source, 2008					      87
	3	Motor Vehicle Gear Demand by Application, 2008			      95

		SECTION VI -- Industry Structure
	1	US Gear Market Share by Company, 2008				     145

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