Covid 19 Impact On Global Mechanical Power Transmission Equipment Market Ongoing Trends 2020-2030 | ABB; Altra; Timken; SKF; Gardner Denver

The Business Research Company offers "Mechanical Power Transmission Equipment Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global mechanical power transmission equipment market is expected to decline from $57.3 billion in 2019 to $54.2 billion in 2020 at a compound annual growth rate (CAGR) of -5.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $66.5 billion in 2023.

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The mechanical power transmission equipment market consists of sales of mechanical power transmission equipment by entities (organizations, sole traders or partnerships) that produce mechanical power transmission equipment (except motor vehicle and aircraft), such as plain bearings, clutches, couplings, joints, and drive chains.

Many machine manufacturing companies are using robotics and automation to improve assembly and warehouse operations efficiency. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG) in 2015, 1.2 million industrial robots are expected to be deployed by 2025 , thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs.

Mechanical Power Transmission Equipment Market Segmentation: -
By Type
Plain Bearings
Joints
Clutches
Couplings
Pulleys
Chains And Sprockets
Others - Mechanical Power Transmission Equipment

By End-User Industry
Automotive
Aerospace & Defense
Power Industry
Other

By Sales Channel
OEM
Aftermarket

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Mechanical Power Transmission Equipment Market Characteristics
4. Mechanical Power Transmission Equipment Market Product Analysis
5. Mechanical Power Transmission Equipment Market Supply Chain
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20. Key Mergers And Acquisitions In The Mechanical Power Transmission Equipment Market
21. Market Background: Engine, Turbine, And Power Transmission Equipment Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer

The report covers the trends and market dynamics of the Mechanical Power Transmission Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Mechanical Power Transmission Equipment Market are ABB; Altra; Timken; SKF; Gardner Denver

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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