PTDA's PT/MC Forecast hints at optimistic 2016 second half.
Press Release Summary:
Fourth quarter data released by the Power Transmission Distributors Association (PTDA) shows power transmission/motion control (PT/MC) distributor sales growth rate slowing; sales were up 9.4% compared to 2014. While sales for 2016 are expected to continue to decelerate early on in 2016, they are projected to recover in second half of 2016. Above forecast is just one of several data points in PTDA's quarterly Sales History & Forecast Report (SHOR).
Original Press Release:
Power Transmission/Motion Control Data Forecasts an Optimistic Second Half of 2016
CHICAGO -- Fourth quarter data released by the Power Transmission Distributors Association (PTDA) shows power transmission/motion control (PT/MC) distributor sales growing at a slower rate, with sales up 9.4 percent versus 2014. Sales for 2016 are expected to continue to decelerate in early 2016 before recovering in the second half of the year.
The above forecast is just one of many valuable data points contained in PTDA's quarterly Sales History & Forecast Report (SHOR). Developed in conjunction with ITR Economics, PTDA's SHOR collects company sales data each quarter from PT/MC distributors and manufacturers and presents the aggregate results in customized reports. SHOR tracks total PT/MC sales for both distributors and manufacturers. It also tracks six specific product categories for manufacturers only:
bearings
motors
controls
gearing
conveyors/conveyor materials handling equipment
hydraulics/pneumatics
In addition to a written analysis, data provided for these categories is represented in charts to visually track overall product movement as well as total sales movement.
The analysis, provided by ITR economists to create forecasts of future industry sales three years out, highlights major economic trends identified during the forecast process that may impact the industry. This information is a critical component in studying the PT/MC industry to verify key elements of any company prospectus.
SHOR is available for purchase on a quarterly basis at ptda.org/SHOR.
The Power Transmission Distributors Association (PTDA) is the leading global association for the industrial power transmission/motion control (PT/MC) distribution channel. Headquartered in Chicago, PTDA represents power transmission/motion control distribution firms that generate more than $16 billion in sales and span over 3,400 locations. PTDA members also include manufacturers that supply the PT/MC industry.
PTDA is dedicated to providing exceptional networking, targeted education, relevant information and leading-edge business tools to help distributors and manufacturers meet marketplace demands competitively and profitably. For more information, call +1.312.516.2100, visit ptda.org or follow on LinkedIn or Twitter at @PTDAorg.
For more information, please contact
Ginger Wheeler
Power Transmission Distributors Association (PTDA)
+1.312.516.2100
