Mechanical Power Transmission Equipment Market Report 2026

Mechanical Power Transmission Equipment Market Overview

• Mechanical Power Transmission Equipment market size has reached to $70.31 billion in 2025

• Expected to grow to $100.75 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%

• Growth Driver: Renewable Energy Industry Surge Drives Demand For Mechanical Power Transmission Equipment

• Market Trend: Innovative Products Driving Competitive Advantage In The Market

• Asia-Pacific was the largest region in 2025 and Western Europe is the fastest growing region.

What Is Covered Under Mechanical Power Transmission Equipment Market?

Mechanical power transmission equipment consists of components that transfer energy within machines, enabling the conversion and movement of power from sources like engines or motors to perform mechanical tasks. Examples include gear systems, belts, chains, and couplings, which help regulate motion, speed, and torque in mechanical systems.

The main types of mechanical power transmission equipment are plain bearings, joints, clutches, couplings, pulleys, chains and sprockets, and other types. The plain bearings in the mechanical power transmission equipment market refer to the machinery that is used in agriculture that is used as a slide bearing. The various sales channels include OEM and aftermarket. These are used by automotive, aerospace and defense, the power industry, and other end users.

What Is The Mechanical Power Transmission Equipment Market Size and Share 2026?

The mechanical power transmission equipment market size has grown strongly in recent years. It will grow from $70.31 billion in 2025 to $75 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to industrial automation expansion, growth of manufacturing machinery, widespread use of mechanical drives, demand for torque control, equipment standardization.

Tariff Impact On Mechanical Power Transmission Equipment Market

Tariffs are impacting the mechanical power transmission equipment market by increasing the cost of imported bearings, couplings, chains, sprockets, gearboxes, and p

Global Mechanical Power Transmission Equipment Market Segmentation

1) By Type: Plain Bearings, Joints, Clutches, Couplings, Pulleys, Chains And Sprockets, Other Mechanical Power Transmission Equipment

2) By Sales Channel: OEM, Aftermarket

3) By End-User Industry: Automotive, Aerospace & Defense, Power Industry, Other End-User Industries

Subsegments:

1) By Plain Bearings: Sleeve Bearings, Thrust Bearings, Journal Bearings

2) By Joints: Universal Joints, Hooke Joints

3) By Clutches: Mechanical Clutches, Hydraulic Clutches, Electromagnetic Clutches

4) By Couplings: Rigid Couplings, Flexible Couplings, Gear Couplings

5) By Pulleys: V-Belt Pulleys, Timing Pulleys, Sheaves

6) By Chains and Sprockets: Roller Chains, Sprocket Wheels, Leaf Chains

7) By Other Mechanical Power Transmission Equipment: Gearboxes, Transmission Belts

What Is The Driver Of The Mechanical Power Transmission Equipment Market?

The growth of the renewable energy industry, including wind and solar power generation, is expected to propel the growth of the mechanical power transmission equipment market going forward. Renewable energy refers to energy derived from sources that are naturally replenished and can be used without depleting their resources over time. Renewable energy production relies on mechanical power transmission systems to convert rotational energy into electricity, fueling demand for specialized equipment like gearboxes and drive systems. For instance, in April 2023, according to a report published by the National Renewable Energy Laboratory (NREL), a US-based research institution dedicated to advancing renewable energy and energy efficiency technologies, global photovoltaic (PV) installations reached 231 gigawatts of direct current (GWdc), totaling 1.2 terawatts of direct current (TWdc) cumulatively in 2022. China's annual PV installations surged by 57%, accounting for 42% of global demand, primarily driven by distributed PV, while annual installations are forecast to exceed 300 GW by 2023 and surpass 400 GW by 2025. Therefore, the growth of the renewable energy industry, including wind and solar power generation, will fuel the mechanical power transmission equipment industry.

What Is The Driver Of The Mechanical Power Transmission Equipment Market?

The growth of government-led initiatives following the Paris Agreement on climate change is expected to drive the global demand for electric vehicles during the forecast period, thereby propelling the mechanical power transmission equipment market. These initiatives aim to accelerate the transition from fossil-fuel-based transportation to cleaner mobility solutions. For instance, China targets electric and hybrid vehicles to represent at least 20% of vehicle production by 2025. Likewise, Norway expects electric vehicles to account for 100% of all vehicle sales by 2025, while California’s mandate for green vehicles to represent 35% of total sales by 2025 has been adopted by nine U.S. states. The expected increase in green vehicle production, supported by strong governmental policies, is likely to encourage a large share of consumers to adopt electric vehicles and replace automobiles powered by fossil fuels. Therefore, the growth of government-led initiatives following the Paris Agreement on climate change will fuel the mechanical power transmission equipment industry in the forecast period.

Key Players In The Global Mechanical Power Transmission Equipment Market

Major companies operating in the mechanical power transmission equipment market are Hitachi Ltd., Siemens AG, General Electric Company, Mitsubishi Heavy Industries Ltd., ABB Ltd., Eaton Corporation plc, Nidec Corporation, Schaeffler Technologies AG & Co. KG, Illinois Tool Works Inc., SKF Group, Sumitomo Heavy Industries Ltd., Gardner Denver, WEG, Regal Rexnord Corporation, The Timken Company, Gates Corporation, Tsubakimoto Chain Co., Comer Industries S.p.A., Andantex USA Inc., Boston Gear LLC, Altra Industrial Motion India Pvt. Ltd., Renold Plc, Bonfiglioli Transmissions Private Limited, Dana Motion Systems Italia S.r.l., Flender, NTN Corporation

Global Mechanical Power Transmission Equipment Market Trends and Insights

Major companies operating in the market are focused on developing innovative products such as synchromotion polyurethane (PU) timing belts to gain a competitive advantage. Synchromotion represents a polyurethane (PU) timing belt that delivers dependable power transmission, boasts wear-resistant PU material, necessitates minimal maintenance due to its high-tensile-strength steel cord tension member, and is well-suited for deployment in demanding power transmission environments. For instance, in February 2023, Continental AG, a Germany-based sustainable energy component manufacturing company, launched Synchromotion, a new generation of polyurethane (PU) timing belts within its Truly Endless product line. These steel-cord-reinforced polyurethane belts are renowned for their exceptional flexibility, resistance to abrasion, and long-lasting durability. The polyurethane cover enhances power transmission efficiency, surpassing that of alternative materials.

Regional Outlook

Asia-Pacific was the largest region in the mechanical power transmission equipment market in 2025. Western Europe was the second largest region of the mechanical power transmission equipment market. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

What Defines the Mechanical Power Transmission Equipment Market?

The mechanical power transmission equipment market consists of sales of shaft couplings, chain drives, gear drives, belt drives, and power screws. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Mechanical Power Transmission Equipment Industry?

The mechanical power transmission equipment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical power transmission equipment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.