In 2023, Germany led the global export market for gearing, ball screws, speed changers, and torque converters, followed by Italy and Japan. European countries like Denmark and Spain showed significant growth, while some Asian territories such as China and South Korea experienced considerable increases. Notably, emerging markets like India and the Philippines reflected solid growth trends. However, some nations, including Japan, Mexico, Poland, and the United Kingdom, displayed declining exports.
Future trends to monitor include:
- The impact of technological advancements on these exports, potentially boosting demand.
- Increased automation and digitization influencing export dynamics.
- Potential shifts in manufacturing hubs affecting global supply chains and export patterns.
- Emerging markets' expansion in exporting capacities, potentially balancing global market dynamics.
Top countries in Export of Gearing, Ball Screws, Speed Changers, Torque Converters by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 215,530,000 | 2023 | +1.28% | +1.29% | View data |
| 2 | 2 Italy | 164,770,000 | 2023 | +1.26% | +1.16% | View data |
| 3 | 3 Japan | 153,290,000 | 2023 | +1.69% | -0.83% | View data |
| 4 | 4 China | 143,340,000 | 2023 | +3.83% | +4.3% | View data |
| 5 | 5 South Korea | 64,854,000 | 2023 | +3.47% | +3.26% | View data |
| 6 | 6 Denmark | 60,096,000 | 2023 | +4.28% | +18.05% | View data |
| 7 | 7 Belgium | 58,516,000 | 2023 | +0.9% | +0.99% | View data |
| 8 | 8 Spain | 57,755,000 | 2023 | +2.61% | +1.96% | View data |
| 9 | 9 Mexico | 33,571,000 | 2023 | +0.54% | -0.29% | View data |
| 10 | 10 France | 28,092,000 | 2023 | +1.23% | -1.74% | View data |
