PTDA reports first quarter sales growing at slower rate
MRO MagazineIndustry Machinery and Equipment Maintenance Manufacturing
The first quarter Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association (PTDA) shows power transmission/motion control (PT/MC) distributor sales are growing at a slower rate. Sales declined 3.5 percent from first quarter 2015 which indicates that the downward trend in Distributors’ Total Sales will persist through late 2016.
PTDA members participating in SHOR receive the results at no charge approximately 30 days after the close of the calendar quarter. For more specifics on the forecast for power transmission/motion control sales through distribution as well as forecasts for manufacturer sales, purchase the 1Q2016 SHOR at ptda.org/SHOR.
Developed in conjunction with ITR Economics, PTDA’s 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.
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.
For more information, visit ptda.org.