New PTDA research pegs market size
A new research report from the PTDA estimates the size of the North American power transmission and motion control market at $67.7 billion.
According to the newly released PTDA Power Transmission & Motion Control Market Size Report, the U.S. market is an estimated $54 billion, while the Canadian market is $6.4 billion, and the Mexican market is $7.3 billion in size.
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:
- Accessories
- Adjustable/Variable Speed Drives
- Bearings
- Belts & Chain Drives
- Clutches & Brakes
- Controls
- Conveyors & Material Handling Components
- Gearing
- Hydraulics & Pneumatics
- Industrial Specialty Chemicals
- Linear Motion Products
- Motors
- Pumps
- 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 of ISC Companies Inc., Minneapolis, believes the study will be an indispensable tool for use in business development and in earning more business from current customers.
“The Power Transmission & Motion Control Market Size Report can help identify growth opportunities in today’s competitive markets," Bursack said. "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.”
Tom Gale of IMI will facilitate a free webinar on Nov. 21 from 12:00 -1:00 p.m. Central, using examples from the report to show how the data can be utilized and applied to a company's business development initiatives. Members of PTDA that participated in the development of the research received the results of the study at no additional charge. The report is available for purchase from PTDA at $1,995 for non-members. To register for the Nov. 21 webinar, review the table of contents and sample pages of the report, or to order, visit www.ptda.org/MarketSize or contact PTDA at ptda@ptda.org or (312) 516-2100
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
