The Business Research Company’s report goes into great detail on the mechanical power transmission equipment market size and growth, mechanical power transmission equipment market regional analysis, mechanical power transmission equipment market competitive landscape, and other critical information needed to excel in the mechanical power transmission equipment industry.

Major players in the mechanical power transmission equipment market include 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.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

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 market size is expected to grow to $93.54 billion in 2026 at a CAGR of 9.5%.

Asia Pacific was the largest region in the mechanical power transmission equipment market in 2021.

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.

Government initiatives that followed the Paris Agreement on climate change are expected to increase the global demand for electric vehicles in the forecast period driving demand for mechanical power transmission equipment.

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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 Global Mechanical Power Transmission Equipment Market Report Is Segmented:
By Type: Plain Bearings, Joints, Clutches, Couplings, Pulleys, Chains and Sprockets, Others

By End-User Industry: Automotive, Aerospace and Defense, Power Industry, Others

By Sales Channel: OEM, Aftermarket

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Mechanical Power Transmission Equipment Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the mechanical power transmission equipment market globally and regionally, analyzes and forecasts market size, share, mechanical power transmission equipment market players, mechanical power transmission equipment market segments, leading competitor revenues, profiles and market shares.

Here is a list of similar reports from The Business Research Company:

Industrial Machinery Global Market Report 2022

Agriculture, Construction, And Mining Machinery Global Market Report 2022

Machinery Global Market Report 2022

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