Despite the most volatile global recession and recovery in history in 2020-2021, markets for PTDA members rebounded strongly in 2021. The five-page addendum provides revised market size estimates at the national level for 14 core PTDA-member product categories in the United States, Canada, and Mexico. Note: The distributor’s available market was not updated. This addendum:
benchmarks the estimated market size as of January 2022 and forecasts a more stable period of growth going forward.
shows, overall, North American markets for PTDA-member product categories have increased double digits since the beginning of 2020.
forecasts positive U.S. market demand for PTDA members over the next five years.
The 2022 addendum also includes a revised forecast to 2026, as well as a historical time series to 2015.
* Addendum only available with purchase of full 2020 PTDA Power Transmission & Motion Control Market Size Report and is not sold separately.
Strengthen Your Planning with Market Data
The 2020 PTDA Power Transmission & Motion Control Market Size Report, the third edition since 2013, is a powerful and timely tool to benchmark market share, potential and identify opportunities. The 2020 report also includes a market forecast for PT/MC markets in the U.S. to 2024, developed specifically for the PTDA-member product portfolio and primary end markets.
Since 2013, PTDA members have used this proprietary market research to estimate the size and customer segmentation of specific territories in North America – the United States, Canada, and Mexico – for 14 PT/MC product categories (see below for details).
This 2020 edition of the PTDA Market Size Report estimates the North American market size for the 14 product categories is $79.5 billion, up 18% from $68 billion in 2013. The U.S. total market size in 2020 is $65 billion, with Canada and Mexico markets at $7 billion each. A more detailed analysis of market annual growth rate is included in the report.
How to Purchase
This market research is available to PTDA members who participated in the 2020 Market Size research project and member survey as a Member Advantage at no additional cost. Member non-participants and non-members can purchase the PTDA Power Transmission & Motion Control Market Size Report. The 2022 addendum will be included in your purchase.
( If you are a PTDA member and uncertain if your company participated in the research, please contact ptda@ptda.org to find out)
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