PT/MC manufacturers post double-digit sales gains in 2010
Chicago, IL -- Year-end sales data for power transmission/motion control (PT/MC) products shows that US and Canadian manufacturers sales increased by double digits in 2010 as compared to 2009, says the Power Transmission Distributors...
Chicago, IL — Year-end sales data for power transmission/motion control (PT/MC) products shows that US and Canadian manufacturers sales increased by double digits in 2010 as compared to 2009, says the Power Transmission Distributors Association (PTDA) in its Market Outlook Report.
Following a significant drop of 26.9% in 2009, US manufacturers saw a 14.6% increase in PT/MC product sales in 2010. The annualized sales-to-inventory ratio for 2010 dropped from 10.5 at year-end 2009 to 9.5 at year-end in 2010.
Canadian manufacturers’ sales fared slightly better in 2010, with a 15.1% increase in sales in 2010, following a 24.7% drop in 2009. The annualized sales-to-inventory ratio rose significantly to 10.8 at year-end 2010 compared to 7.1 at year-end 2009.
In considering sales growth on a product-by-product basis for 2010, both US and Canadian manufacturers posted sales increases in every category with just one exception (shaft couplings).
December sales results show declines
In December 2010, US manufacturers’ overall sales of PT/MC products fell by 3.8% when compared to November 2010. Compared to the same period last year, sales in December 2010 were up 20.9%. Orders in December 2010 were down 5.5% compared to November 2010. The confidence level of US manufacturers dropped to 4.8 (down 0.3 points from November 2010 levels on a 10-point scale with 5.0 being neutral).
Canadian manufacturers’ sales dropped 9.9% compared to November 2010. Sales were up 27.9% when compared to the same period last year. The confidence level of Canadian manufacturers fell slightly to 4.8, down 0.1 from last month’s level (on a 10-point scale with 5.0 being neutral).
Sales between November 2010 and December 2010 in specific product categories reflect the change in sales experienced by US and Canadian manufacturers.
Founded in 1960, PTDA) is a US-based trade association that represents 187 power transmission/motion control distribution firms that generate more than $10 billion in sales and span 3,500 locations in North America and 11 other countries. PTDA members also include 188 manufacturers that supply the PT/MC industry.
For more information, visit www.ptda.org.