IHS defined the market for industrial geared products to include gearboxes and geared motors used in stationary applications.

After declining for two consecutive years, revenues for industrial geared products are forecast to grow 4.7% in 2014 to $13,218.2 million, according to a new research report prepared by IHS of the market for gearboxes and geared motors. The authors note, however that even this forecast expansion would leave the market about 0.7% below its previous peak level, which reached in 2011.

IHS defined the market for industrial geared products to include gearboxes and geared motors used in stationary applications. As noted, market revenues rose to a record high in 2011 after two years of growth in excess of 15%.