Sales increased for distributors and manufacturers of power transmission/motion control products in first quarter
Chicago, IL – The inaugural quarterly Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association (PTDA) shows power transmission/motion control (PT/MC) distributor sales were up 6.1% in the first quarter of 2015 compared to the same period in 2014. PT/MC manufacturer sales rose 7.8% in the first quarter of 2015 when compared to first quarter 2014.
Developed in conjunction with ITR Economics, PTDA’s new quarterly SHOR collects two years of company sales data each quarter from PT/MC distributors and manufacturers and presents the aggregate results in customized reports. SHOR also includes both historical trends and a three-year projection.
An analysis is provided highlighting major economic trends identified during the forecast process that may have an impact on one’s company. PTDA says 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.
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.
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 2015 Q1 SHOR through the PTDA website at ptda.org/SHOR.
PTDA is a global association for the industrial power transmission/motion control distribution channel. Headquartered in Chicago, it 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.
For more information, call (312) 516-2100 or visit ptda.org.