PTDA's 2Q2015 Report predicts slowing growth rate.
Press Release Summary:
Developed in conjunction with ITR Economics, PTDA's quarterly Sales History & Outlook Report shows power transmission/motion control distributor sales moving counter cyclically to leading industrial indicators, with growth rate up 11.7% from one year ago. However, rate of growth is forecasted to slow in near term. PT/MC manufacturer sales shows slower growth in second quarter of 2015, with growth rate index down 10.6% from second quarter 2014.
Original Press Release:
PTDA's 2Q2015 Sales History & Outlook Report (SHOR) Predicts Slowing Growth Rate for Both Distributors and Manufacturers
Chicago, Ill.—The second quarter Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association (PTDA) shows power transmission/motion control (PT/MC) distributor sales moving counter cyclically to the leading industrial indicators, with the growth rate up 11.7 percent from one year ago. However, the rate of growth is forecasted to slow in the near term. PT/MC manufacturer sales shows slower growth in second quarter of 2015, with the growth rate index down 10.6 percent from the second quarter 2014.
Developed in conjunction with ITR Economics, PTDA’s new quarterly 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, and hydraulics/pneumatics. Data provided for these categories are also represented in charts to track overall product movement as well as total sales movement.
In addition, based on the data provided by PTDA members, ITR creates forecasts of future industry sales three years out. An analysis is provided highlighting major economic trends identified during the forecast process that may impact one’s company. This information is critical for all companies making and selling PT/MC products in order to create data-driven business plans for marketing initiatives, resource allocation and product launches.
PTDA members participating in SHOR receive the results at no charge approximately 30 days after the close of the calendar quarter. Anyone can purchase the 2Q2015 SHOR through the PTDA website 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.
