Abstract
Demand to grow more than 3% annually through 2011
US demand for gears (including gear assemblies) is forecast to grow faster
than three percent per year to over $29 billion in 2011, benefiting from
increased motor vehicle production and rebounding aerospace demand. However,
slowing growth in the machinery market will restrict the overall market for
gears from attaining the growth it experienced between 2001 and 2006.
Aerospace market to post fastest gains
The fastest growing market will be the aerospace industry. Demand for gears in
the aerospace industry fell between 2001 and 2004 due to decreased demand for
aerospace equipment, however in 2005 the aerospace market began its rebound,
with strong growth expected to continue through 2011.
Study coverage
It presents historical demand data for 1996, 2001 and 2006 as well as
forecasts for 2011 and 2016 by market, material and product. The study also
considers key market environment factors, evaluates company market shares and
profiles 29 US industry competitors.
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