The United States leads as the top importer of shafts, cranks, gears, and clutches, having imported $8.1 billion worth in 2023, followed by Germany and China at $5.05 billion and $4.61 billion, respectively. Over the past two years, most countries showed a moderate year-on-year increase ranging from 3% to 7%. The 5-year CAGR indicates steady growth, with the United States and China experiencing significant expansion due to increasing reliance on automotive technologies.
Future trends may see increased demand due to technological advancements and a shift towards electric vehicles, pushing further growth in China and Germany. Additionally, supply chain diversification could boost import rates in regions like Mexico and Brazil.
Top countries in Top Importers of Shafts, Cranks, Gears, Clutches
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 8,100 | 2016 | |
| 2 | 2 Germany | 5,050 | 2016 | |
| 3 | 3 China | 4,610 | 2016 | |
| 4 | 4 Canada | 3,720 | 2016 | |
| 5 | 5 Mexico | 3,060 | 2016 | |
| 6 | 6 France | 1,860 | 2016 | |
| 7 | 7 Japan | 1,710 | 2016 | |
| 8 | 8 United Kingdom | 1,470 | 2016 | |
| 9 | 9 Italy | 1,450 | 2016 | |
| 10 | 10 Brazil | 1,190 | 2016 |
