Overall, the gear industry enjoyed a very strong 2018, and the optimism expressed by survey respondents is the highest in recent years. When asked about their optimism regarding their companies’ ability to compete over the next five years, 85.8% of respondents indicated some level of optimism.
We’ve just come off a very strong year for gear manufacturing, and most of you are looking forward to another good year in 2019. At least, that’s what the results of our annual State-of-the-Gear-Industry survey tell us.
It's probably no surprise to anyone that the majority of the gear industry had a pretty good
year in 2017, and that most gear manufacturers are expecting a pretty good 2018 as well. After
all, most major economic indicators - including the ones that focus on the manufacturing sector - have been positive for some time.
Most companies spend this time of year crystal ball gazing. Managers want to know the future so they can make projections, plan schedules, determine budgets and make major decisions that will ensure their success.