Chicago, IL — According to the newly released PTDA Power Transmission & Motion Control Market Size Report, the North American power transmission and motion control market is estimated at $67.7 billion, comprised of the U.S. market at $54 billion, the Canadian market at $6.4 billion, and the Mexican market at $7.3 billion.
This landmark research report, commissioned by the Power Transmission Distributors Association (PTDA), combines the expertise of Industrial Market Information, Inc. (IMI) and an exclusive survey of PTDA’s own membership to create a benchmark of the industry. The study provides data in 14 product categories:
- Adjustable/Variable Speed Drives
- Belts & Chain Drives
- Clutches & Brakes
- Conveyors & Material Handling Components
- Hydraulics & Pneumatics
- Industrial Specialty Chemicals
- Linear Motion Products
- Shaft Couplings & U-joints
Illustrating the value of the research, more than 85% of PTDA member companies participated in the survey that forms the foundation for a portion of the report. PTDA President Chris Bursack (ISC Companies, Inc., Minneapolis, Minn.) believes this important study will be an indispensable tool for use in business development and in earning more business from current customers. Bursack says, “The Power Transmission & Motion Control Market Size Report can help identify growth opportunities in today’s competitive markets. The data published in the report can be used to benchmark market share and product mix at state and even metropolitan market levels. Whether you are talking about an individual account, a metro area or an entire state—this report contains information that is vital in planning your marketing and sales efforts.”
The report is available for purchase from PTDA at $1,995 for non-members.
Founded in 1960, the Power Transmission Distributors Association (PTDA) is the leading association for the industrial power transmission/motion control (PT/MC) distribution channel. A U.S.-based trade association, PTDA represents 178 power transmission/motion control distribution firms that generate more than $16 billion in sales and span just over 3,400 locations in the United States, Canada and eight other countries. PTDA members also include 180 manufacturers that supply the PT/MC industry. For more information, call +1.312.516.2100, visit www.ptda.org or follow us at @PTDAorg.