Mechanical power transmission equipment market comprises of the sales of mechanical power transmission equipment & related services by numerous entities (sole traders & partnerships and organizations) that produce mechanical power transmission equipment (except aircraft and motor vehicle), such as clutches, couplings, joints, plain bearings and drive chains. Mechanical power transmission equipment converts or transfers the rotational movement into linear reciprocating motion or circular movement. Mechanical power & movements are transmitted by a range of components including belts, couplings, chains, gears, brakes & clutches, and power screws. These products are commonly small and compact in size.
Mechanical power transmission
equipment or machines are generally lightweight, suitable for short distance
transmission and possess a compact structure. The rate of transmission of power
is stable, accurate, and efficient. These machine’s components have a long
life, therefore maintain low operating costs. These types of machines or
equipment can be easily installed in any system that requires transfer of
mechanical energy to keep the machinery in motion. All machinery components
maintain the industry standards and appropriate most installations in systems.
All these factors have enhanced the sales of mechanical power transmission
equipment. The main use of mechanical power transmission equipment is seen in
the transportation and automotive sector. Components including clutches provide
fuel economy, increased engine performance, quicker engine warm-up, and reduced
noise to heavy transport vehicles like buses and trucks.
As per analysis, “Mechanical
Power Transmission Equipment Global Market Report 2020-30: Covid 19 Impact and
Recovery” the key companies operating in the global mechanical power
transmission equipment market include Timken; SKF; ABB; Altra; Gardner Denver
and among others. The major companies are focusing on manufacturing equipment
that can control greater speed, require fewer lubricants, slowdown the motion
of a running vehicle immediately, and function for a longer span of time.
Based on type, mechanical power transmission equipment market is segmented as joints, pulleys, couplings, clutches, plain bearings, chains & sprockets and others. Based on sales channel, market is categorized as aftermarket and original equipment manufacturer (OEM). In addition, based on end-user industry, market is segmented as aerospace & defense, automotive industry, power industry and others.
The mechanical power transmission equipment market is driven by rise in
demand for electric vehicles, followed by increase in the production of green
vehicles supported by governments' initiatives. However, increase of the
production cost and tariffs may impact the market.
Based on geography, the
Asia-Pacific region holds major share in global market owing to increase in
government initiatives for increased power transmission in industries for
instance transportation, food & beverages and factory automation in
emerging countries such as China, India, Japan, South Korea, and other
countries in Southeast Asia. The North-America and Europe regions are estimated
to witness higher growth rate due to rise in usage of mechanical power
transmission equipment in material handling, heavy-duty industry, and water
& wastewater treatment applications over the forecast period. It is
anticipated that future of the global market will be optimistic as a result of
growth in number of manufacturers producing mechanical power transmission
equipment during the forecast period.
For More Information,
Click on the Link Below:-
Global
Mechanical Power Transmission Equipment Market
Related Reports:-
Mechanical
Power Transmission Equipment Manufacturing Global Market Report 2019
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Ken Research
Ankur Gupta, Head Marketing & Communications
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