In 2023, China led global exports in gearing, ball screws, speed changers, and torque converters, reflecting a modest growth rate of 1.32%. India showed significant growth with a 4.54% increase. Contrastingly, Malaysia and Thailand experienced declines at -1.15% and -2.08% respectively. Brazil's exports plummeted by -19.86%, while countries like Azerbaijan and Peru experienced notable surges of 49.55% and 67.43%. Despite Russia's challenging geopolitical environment, it grew by 2.19%. Countries with modest export values, such as Norway and Chile, saw substantial increases. The industry's overall exports saw varying trends, balanced by robust growth in several emerging markets.
Future trends indicate an expansion in automation and industrial applications of these products. China's dominance is expected to continue, driven by technological advancements. India and several smaller countries show potential for growth due to investments in manufacturing capabilities. However, geopolitical tensions and trade policies could impact trends, while innovation in green technologies and digital integration could provide new opportunities.
Top countries in Export of Gearing, Ball Screws, Speed Changers, Torque Converters by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 294,680,000 | 2023 | +1.34% | +1.32% | View data |
| 2 | 2 India | 56,879,000 | 2023 | +5.77% | +4.54% | View data |
| 3 | 3 Malaysia | 19,092,000 | 2023 | +5.11% | -1.15% | View data |
| 4 | 4 Thailand | 8,584,800 | 2023 | -1.79% | -2.08% | View data |
| 5 | 5 Brazil | 2,620,900 | 2023 | -26.65% | -19.86% | View data |
| 6 | 6 Belarus | 213,470 | 2023 | +5.31% | +4.39% | View data |
| 7 | 7 Russia | 93,860 | 2023 | +2.7% | +2.19% | View data |
| 8 | 8 Pakistan | 67,320 | 2023 | +5.54% | +2.82% | View data |
| 9 | 9 Peru | 25,330 | 2023 | +4.52% | +67.43% | View data |
| 10 | 10 Chile | 23,590 | 2023 | +2.24% | +13.81% | View data |
