Cleveland, OH, September 15, 2017 — US demand for power transmission components is forecast to reach $78.5 billion in 2021, according to Power Transmission Components: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from increases in domestic output of durable products such as machinery and motor vehicles (MVs) that incorporate power transmission components.
MV transmissions and powertrain parts will remain the largest product segment over the forecast period. Gains will be driven by growth in domestic MV production, which will boost MV manufacturers’ demand for transmissions and powertrain parts. In addition, increases in the number of MVs in use and rising average vehicle age will spur demand for transmissions and powertrain parts employed in aftermarket applications.
These and other key insights are featured in Power Transmission Components: United States.
This report forecasts US power transmission component demand and shipments in US dollars at the manufacturers’ level to 2021. Total demand and shipments are segmented by product in terms of:
- motor vehicle transmissions and powertrain parts
- ball and roller bearings
- gears and gearboxes
- mechanical power transmission products.
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Power-Transmission-Components-United-States-FF70010/