Market Scenario:
The power transmission and motion control products are providing environmental friendly business venture and a way to offer green products to customers which is driving the market growth to the large extent. The companies are manufacturing the innovative new motion control and power transmission components and assemblies by which these products can penetrate into the niche market. The power transmission and motion control provides high quality, high performance solutions which enables the machinery to run more efficiently and increase its mean time between failure or repair.
The companies such as Altra Industrial Motion Corporation (U.S.), Cangro Industries, Inc. (U.S.), Forbes Engineering Sales, Inc. (U.S.), Poklar Power Motion, Inc. (U.S.), Custom Machine & Tool Co., Inc. (U.S.), are the leading manufacturers of high performance and cost savings power transmission and motion control equipment in the market. In 2017, Custom Machine & Tool Co., Inc. which is a leading provider of power transmission and motion control products, has launched a new interactive website with more viewing options and content to the detailed information in its product catalogs.
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The global power transmission & motion control industry are bifurcated on the basis of products, components, applications and region. The products are segmented into motors, gearings, clutches & brakes, belts & chain drivers, hydraulics/pneumatics and others. The component is segmented into services, solutions and others. The applications are segmented mining, automotive, aerospace & defense, power generation, pulp & paper, oil & gas and others. The region includes North America, Europe, Asia Pacific and rest of the world.
The regional analysis of power transmission and motion control market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in power transmission and motion control market as it has huge demand in various sectors including automotive, healthcare, mining, aerospace and other sectors. The power transmission and motion control market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for power transmission and motion control market and expected to be the highest CAGR in the coming years.
The global power transmission & motion control industry is expected to grow at USD ~255 Billion by 2023, at ~30% of CAGR between 2017 and 2023.
Key Players
The prominent players in the global power transmission and motion control market are – Altra Industrial Motion Corporation (U.S.), Cangro Industries, Inc. (U.S.), Forbes Engineering Sales, Inc. (U.S.), Poklar Power Motion, Inc. (U.S.), Custom Machine & Tool Co., Inc. (U.S.), Plastic PowerDrive Products, LLC. (U.S.), E&E Special Products LLC (U.S.), C-Flex Bearing Co., Inc. (U.S), Servo2Go.com Ltd. (U.S.), NMB Technologies Corporation (U.S.) and Applied Motion Products Inc. (U.S), among others
Segments:
The global power transmission & motion control market has been segmented on the basis of type, components, applications and region.
Global Power Transmission & Motion Control Market By Products:
- Motors
- Gearings
- Clutches & Brakes,
- Belts & Chain Drives
- Hydraulics/Pneumatics
- Others
Global Power Transmission & Motion Control Market By Components:
- Services
- Solutions
- Others
Global Power Transmission & Motion Control Market By Applications:
- Mining
- Automotive
- Aerospace & Defense
- Power Generation
- Pulp & Paper
- Oil & Gas
- Others
Global Power Transmission & Motion Control Market By Regions:
- North America
- Europe
- APAC
- Rest Of The World
Market Research Analysis:
On geographic basis, global power transmission and motion control market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the power transmission and motion control market. The power transmission and motion control is gaining huge demand due to the presence of major players such as Custom Machine & Tool Co., Inc. (U.S.)), Forbes Engineering Sales, Inc. (U.S.) in these regions. In this market, Europe is to be estimated to be the second largest market share for power transmission and motion control during the forecast period due to economic development and industrial production in Europe.
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Intended Audience
- Power transmission and motion control manufacturing companies
- Original equipment manufacturers
- Power transmission and motion control providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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