Establishments primarily engaged in manufacturing mechanical power transmission equipment and parts, for industrial machinery. Establishments primarily engaged in manufacturing motor vehicle power transmission equipment are classified in Industry 3714; those manufacturing aircraft power transmission equipment are classified in Industry 3728; those manufacturing ball and roller bearings are classified in Industry 3562; and those manufacturing speed changers, industrial high-speed drives, and gears are classified in Industry 3566.
The Mechanical Power Transmission Equipment industry, particularly under NAICS 3568, is experiencing several significant qualitative trends. One prominent trend is the increasing adoption of automation and smart technologies within manufacturing processes. Companies are leveraging Internet of Things (IoT) solutions to enhance operational efficiencies, reduce downtime, and facilitate predictive maintenance. This trend is contributing to a rise in demand for advanced sensors and software-integrated solutions within power transmission equipment.
Another noticeable trend is the growing emphasis on sustainability and energy efficiency. Manufacturers are focusing on designing equipment that not only meets high performance standards but also operates with lower energy consumption. This move is driven by both regulatory requirements and consumer demand for greener technologies.
Furthermore, the market is seeing a shift towards customization and flexible manufacturing. Clients are seeking tailored solutions that fit specific industrial applications, prompting manufacturers to adopt more adaptive production techniques. 3D printing and other advanced manufacturing technologies are becoming more prevalent to meet these customized demands.
In terms of forecasts, the industry is expected to continue its trajectory towards digitalization and sustainability. Investment in R&D is likely to increase, fostering innovation in materials and design. The near future may also witness more strategic partnerships and acquisitions as companies aim to bolster their technological capabilities and market reach.
Ball joints, except motor vehicle and aircraft
Bearings, plain
Belting, chain
Chain, power transmission
Clutches, except motor vehicle
Collars, shaft (power transmission equipment)
Couplings, shaft rigid, flexible, universal joint, etc.
Drive chains, bicycle and motorcycle
Joints, swivel: except motor vehicle and aircraft
Joints, universal: except motor vehicle
Pillow blocks, with plain bearings
Pivots, power transmission
Pulleys, power transmission
Railroad car journal bearings, plain
Shafts, flexible
Sprockets (power transmission equipment)
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.