Learn about the global mechanical power transmission equipment market through The Business Research Company, which provides information on mechanical power transmission equipment market size, mechanical power transmission equipment market drivers and restraints, mechanical power transmission equipment market players, the COVID-19 impact on the mechanical power transmission equipment market, and more.

The global mechanical power transmission equipment market size is expected to grow from $58.83 billion in 2021 to $65.05 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global mechanical power transmission equipment market size is expected to grow to $93.54 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%.

The expected increase in the production of green vehicles supported by governments’ initiatives will encourage a significant proportion of the population to invest in electric vehicles and replace their existing automobiles that are running on fossil fuels, thereby driving the mechanical power transmission equipment market in the forecast period, a major supplier of metal automobile components to the automobile manufacturers.

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The mechanical power transmission equipment market consists of sales of mechanical power transmission equipment and related services by entities (organizations, sole traders, or partnerships) that produce mechanical power transmission equipment (except motor vehicle and aircraft), such as plain bearings, clutches, couplings, joints, and drive chains.

Global Mechanical Power Transmission Equipment Market Segments Include:

By Type: Plain Bearings; Joints; Clutches; Couplings; Pulleys; Chains And Sprockets; Other Mechanical Power Transmission Equipment 

By End-User Industry: Automotive; Aerospace & Defense; Power Industry; Other End-User Industries  

By Sales Channel: OEM; Aftermarket 

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the mechanical power transmission equipment market in 2021.

Magnetic gears are being increasingly adopted in the mechanical power transmission equipment industry. Magnetic gears are physically contact-less, which makes them enable efficiencies up to 99% or more. The magnetic gears obviate the need for using any transmission oil. With the nature of a contact-less operation, the gears are highly reliable and require minimal maintenance. The technology also helps prevent damage in case of a torque overload by auto-slipping, i.e. when the overload torque is removed, the gears also re-engage automatically.

TBRC’s mechanical power transmission equipment market report covers:

Major Market Players: SKF Group, Schaeffler Technologies AG & Co KG, Mitsubishi Heavy Industries Ltd, The Timken Company, Eaton Corporation plc, Tsubakimoto Chain Co, Altra Industrial Motion Corp, Regal Beloit Corporation, Atkore International Group Inc, and Renold Plc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Mechanical Power Transmission Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides mechanical power transmission equipment market overviews, analyzes and forecasts market size, share, mechanical power transmission equipment market players, mechanical power transmission equipment market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s mechanical power transmission equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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