In 2023, China dominated the global export of gearing, ball screws, speed changers, and torque converters, capturing 85.98% of the market share. India's share was significantly lower at 16.6%, while Malaysia held 5.57%. China exhibited a modest growth of 1.32% year-on-year, with India growing at 4.54%. Notably, Peru and Azerbaijan recorded substantial increases of 67.43% and 49.55%, respectively. Conversely, Brazil faced a sharp decline of 19.86%, and Moldova's exports shrank by 54.63%. Over the past five years, the CAGR indicates a mixed growth picture with rising and falling trends across different countries.
Future trends to watch entail the technological advancements in China and India leading to potential increases in their export shares. Smaller markets like Peru and Azerbaijan show high growth potential, but volatility remains a concern. Emerging markets may leverage technological partnerships and infrastructural investments to boost their competitiveness in the global arena.
Top countries in Export of Gearing, Ball Screws, Speed Changers, Torque Converters Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 85.98 | 2023 | +1.34% | +1.32% | View data |
| 2 | 2 India | 16.6 | 2023 | +5.77% | +4.54% | View data |
| 3 | 3 Malaysia | 5.57 | 2023 | +5.11% | -1.15% | View data |
| 4 | 4 Thailand | 2.5 | 2023 | -1.79% | -2.08% | View data |
| 5 | 5 Brazil | 0.76 | 2023 | -26.65% | -19.86% | View data |
| 6 | 6 Belarus | 0.062 | 2023 | +5.31% | +4.39% | View data |
| 7 | 7 Russia | 0.027 | 2023 | +2.7% | +2.19% | View data |
| 8 | 8 Pakistan | 0.02 | 2023 | +5.54% | +2.82% | View data |
| 9 | 9 Peru | 0.007 | 2023 | +4.52% | +67.43% | View data |
| 10 | 10 Chile | 0.007 | 2023 | +2.24% | +13.81% | View data |
