Energy & Power

Altra Industrial Motion Corp.

Company Profile Analysis

ESOMAR 23 Corporate BadgeISO Certifications Badge
Altra Industrial Motion Corp. - Energy & Power showcase

Year Founded & Workforce

2003-12-31

9,100 Employees

Industry

Energy & Power

Services

A

Altra Industrial Motion Corp. Overview

Company Headquarters: Massachusetts, United States

Founded: 2004

Workforce: ~9100

Company Working: Altra Industrial Motion Corp. (Altra Industries), a manufacturer of industrial equipment that was formerly known as Altra Holdings Inc., provides power transmission and motion control systems. The company sells a variety of clutches and brakes, including industrial clutches and brakes, heavy-duty clutches and brakes, overrunning clutches and backstops, designed couplings, gear motors, belted drives, engineered bearing assemblies, and linear actuators and controllers. Its connection products include gear spindles, locking mechanisms, torque limiters, precision couplings, universal joints, elastomeric couplings, and specially developed couplings. Altra Industries provides services to a variety of industries, including general industry, automotive, material handling, aggregate and mining, maritime, power generation, oil and gas, and others. In addition to the US, India, Scotland, and other countries, the company is present. In the US, Braintree, Massachusetts, serves as the home base for Altra.

Strategy

Altra Industrial Motion Corp unlocks the potential of the customers through collaborative innovation. The company wants to lead the globe in developing cutting-edge technologies for power transmission and motion control. The firm designs and manufactures bespoke solutions to provide them a sustained competitive advantage, making them indispensable to the customers. It does this by utilising its world-class business system and its in-depth application knowledge. The company is dedicated to offering a safe, welcoming environment that fosters the development of each individual's skills and supports the diversity of their ideas. To assist them stand out, the business works tirelessly to better understand the demands of their customers and develop innovative products and business practises.

Company Snapshot

$1,834M

Revenue

9,100

Employees

2003-12-31

Founded

Massachusetts, United States

Headquarters

SWOT Analysis

Strengths

  • Successful track record of developing new products
  • Giant employee base
  • High Customer retention

Weaknesses

  • Limited success outside core business
  • Investment in Research and Development is below the fastest growing players in the industry

Opportunities

  • New customers from online channel
  • Government green drive also opens an opportunity for procurement of Altra Industrial Motion Corp. products by the state as well as federal government contractors.

Threats

  • The company can face lawsuits in various markets given - different laws and continuous fluctuations regarding product standards in those markets
  • volatile political climate

Key Developments

DateApproachDevelopment
Product LaunchKollmorgen of the Altra Industrial Motion group launches the advanced P8000 series with the new P80630-SDN Stepper Drive. The P80630-SDN stepper drive powers and controls stepper motors operating on 24 to 75 VDC with up to 5.5 Arms current per phase (7.8 Arms peak). It’s an ideal solution for labellers, indexing tables, CNC machines, packaging systems, pumps and other single-or multi-axis systems requiring low-speed, point-to-point motion control for fixed loads.
Product LaunchAltra Industrial Motion Corporation developed a new electromagnetic brake that consumes significantly less electricity when in use. The brake is extremely efficient and well-suited to electric vehicle applications, as well as a wide range of soft stops. It will assist the company in gaining new consumers, increase market share, and income.

Product Offering

  • Altra Industrial Motion Corp.
    • Wind Turbine Brake

Financial Performance

A plan for every need

Forecast+

Get unlimited access to forecasts, charts, and company data across every research report on Wantstats.

USD200/mo

About the Author

Wantstats Research Team

Wantstats' research desk profiles Altra Industrial Motion Corp. as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

Powering the world's best teams.
From next-gen startups to established enterprises.

Google logo
Amazon logo
Microsoft logo
Intel logo
Neste logo
McKinsey & Company logo
Deloitte logo
Accenture logo
Oracle logo
PWC logo
EY logo
Honeywell logo

See our work in action

Start your data driven journey with us!

Book a Demo Now

What our clients say

Trusted by forward-thinking businesses
for data-driven intelligence

Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Altra Industrial Motion Corp.

Starting from
$4,950