Industrial Power Transmission Components

TABLE OF CONTENTS

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

General

Economic Environment

Cyclical Trends

Long Term Trends

Nonresidential Fixed Investment Outlook

Industrial Output Trends

Market Volatility

Pricing

Technology

Competitive Products

World Outlook

Trends in US Foreign Trade

Imports

Exports

III. PRODUCTS

General

Sprockets & Chains

Drive Chains

Sprockets

Clutches & Brakes

Braking or Engaging Modality

Friction

Electromechanical

Actuation Modality

Electromechanical

Hydraulic & Pneumatic

Self-Actuated

Couplings & Universal Joints

Couplings

Flexible Couplings

Rigid & Fluid Couplings

Universal Joints

Pulleys & Sheaves

Other Power Transmission Components

IV. MARKETS

General

Industrial Machinery

Sector Overview

Industrial Power Transmission Components Demand

Special Industrial Machinery

General Industrial Machinery

Farm & Garden Machinery

Construction Machinery

Material Handling Equipment

Metalworking Machinery

Oilfield & Mining Machinery

Other Industrial Machinery

Nonautomotive Transportation Equipment

Sector Overview

Industrial Power Transmission Components Demand

Aerospace & Defense

Ship & Boat Building

Railroad Equipment

Other Nonautomotive Transportation Equipment

Other Original Equipment Markets

Maintenance, Repair & Operations

Regional Markets

V. INDUSTRY STRUCTURE

General

Industry Composition & Market Share

Leading Industrial Power Transmission Components

Producers

Mergers, Acquisitions & Industry Restructuring

Product Development & Manufacturing

Marketing & Distribution

Financial Issues

Cooperative Agreements

Company Profiles

Airflex, see Eaton Corporation

Ameridrives Couplings, see Colfax Corporation

AMSTED Industries Incorporated

ArvinMeritor Incorporated

Berg (WM) Incorporated, see RBS Global Incorporated

Boston Gear, see Colfax Corporation

Browning, see Emerson Electric Company

Carlisle Companies Incorporated

Colfax Corporation

Crane (John) Americas, see Smiths Group plc

Danaher Corporation

Deltran PT, see Danaher Corporation

Demag Cranes & Components Corporation, see Demag

Holding

Demag Holding SARL

Diamond Chain Company, see AMSTED Industries

Dings Company, see Venturedyne Limited

Dodge, see Rockwell Automation Incorporated

Drives Incorporated

Eaton Corporation

Electroid Company, see Valcor Engineering Corporation

Emerson Electric Company

Falk Corporation, see United Technologies Corporation

Formsprag Clutch, see Colfax Corporation

Gates Corporation, see Tomkins plc

General Electric Company

Haldex AB

Hilliard Corporation

Illinois Tool Works Incorporated

Ingersoll-Rand Company Limited

ITW Spiroid, see Illinois Tool Works Incorporated

Jeffrey Chain Corporation, see Renold plc

Kop-Flex Incorporated, see Emerson Electric Company

Magnetek Incorporated

Marland Clutch, see Colfax Corporation

Martin Sprocket & Gear Incorporated

Mondel Engineering ULC, see Magnetek Incorporated

Morse Industrial, see Emerson Electric Company

Nexen Group Incorporated

Ogura Clutch Company Limited

Philadelphia Gear Corporation

RBS Global Incorporated

Renold plc

Reuland Electric Company

Rexnord Corporation, see RBS Global Incorporated

Rockford Powertrain Incorporated

Rockwell Automation Incorporated

Siemens AG

Smiths Group plc

Stearns, see RBS Global Incorporated

Timken Company

Tomkins plc

Torrington Company, see Timken Company

Tsubakimoto Chain Company

Twin Disc Incorporated

United Technologies Corporation

US Tsubaki Incorporated, see Tsubakimoto Chain Company

Valcor Engineering Corporation

Venturedyne Limited

Warner Electric Industrial Products, see Colfax

Wichita Clutch, see Colfax

Woods (TB) Corporation

Other Companies Mentioned in Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table

SECTION II -- MARKET ENVIRONMENT

1 Economic Environment

2 Nonresidential Fixed Investment

3 Manufacturers  Shipments

4 Industrial Power Transmission Components Market Volatility

5 Industrial Power Transmission Components Pricing

6 World Industrial Power Transmission Component Demand

7 Trends in US Foreign Trade

SECTION III -- PRODUCTS

1 Industrial Power Transmission Components Shipments & Sales

2 Sprockets & Chains Demand

3 Clutches & Brakes Demand

4 Clutches & Brakes Demand by Braking Modality

5 Clutches & Brakes Demand by Actuation Modality

6 Couplings & Universal Joints Demand

7 Couplings Demand

8 Universal Joints Demand

9 Pulleys & Sheaves Demand

10 Other Selected Power Transmission Components Demand

SECTION IV -- MARKETS

1 Industrial Power Transmission Components Demand by Market

2 Industrial Machinery Shipments by Type

3 Industrial Machinery Markets for Industrial Power Transmission Components

4 Special Industrial Machinery Markets for Industrial Power Transmission Components

5 Pulp & Papermaking Machinery Market for Industrial Power Transmission Components

6 Printing Trades Machinery Market for Industrial Power Transmission Components

7 Food & Beverage Machinery Market for Industrial Power Transmission Components

8 Other Special Industrial Markets for Industrial Power Transmission Components

9 General Industrial Machinery Market for Industrial Power Transmission Components

10 Farm & Garden Machinery Market for Industrial Power Transmission Components

11 Construction Machinery Market for Industrial Power Transmission Components

12 Material Handling Equipment Market for Industrial Power Transmission Components

13 Metalworking Machinery Market for Industrial Power Transmission Components

14 Oilfield & Mining Machinery Market for Industrial Power Transmission Components

15 Other Industrial Machinery Markets for Industrial Power Transmission Components

16 Nonautomotive Transportation Equipment Shipments by Type

17 Nonautomotive Transportation Equipment Markets for Industrial Power Transmission Components

18 Aerospace & Defense Equipment Market for Industrial Power Transmission Components

19 Ship & Boat Building Market for Industrial Power Transmission Components

20 Railroad Equipment Market for Industrial Power Transmission Components

21 Other Nonautomotive Transportation Equipment Market for Industrial Power Transmission Components

22 Other Original Equipment Markets for Industrial Power Transmission Components

23 MRO Markets for Industrial Power Transmission Components

SECTION V -- INDUSTRY STRUCTURE

1 Revenue Data: Selected Industrial Power Transmission Component Manufacturers, 2003

2 Selected Acquisitions & Divestitures

3 Capital Spending Patterns: Selected Power Transmission Components Manufacturers

4 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Industrial Power Transmission Components Market Volatility

2 Industrial Power Transmission Components Pricing Deflators

3 US Imports by Region, 2003

4 US Exports by Region, 2003

SECTION III -- PRODUCTS

1 Industrial Power Transmission Components Demand by Type

SECTION IV -- MARKETS

1 Industrial Power Transmission Components Demand by Market

2 Industrial Machinery Markets for Industrial Power Transmission Components, 2003

3 Nonautomotive Transportation Equipment Markets for Industrial Power Transmission Components, 2003

4 MRO Markets for Industrial Power Transmission Components, 2003

SECTION V -- INDUSTRY STRUCTURE

1 Industrial Power Transmission Component Market Share, 2003