Gear Hobbing Machines Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Germany, Japan, South Korea - Size and Forecast 2024-2028

Gear Hobbing Machines Market Size 2024-2028

The gear hobbing machines market size is forecast to increase by USD 83.2 million, at a CAGR of 2.09% between 2023 and 2028. The market is witnessing significant growth, driven by the expansion of the automotive passenger car industry, which is a major consumer of gears. The surge in automation across various industries is another key growth factor, as hobbing machines and 3D Printer are increasingly being used to produce precision gears in large quantities. Furthermore, the growing second-hand machines market is providing an additional boost to the market, as these machines offer an affordable solution for small and medium-sized enterprises. Market trends include the increasing adoption of CNC hobbing machines, which offer higher precision and productivity, and the integration of Industry 4.0 technologies for improved efficiency and connectivity. Challenges for the market include the high initial investment cost and the need for skilled labor to operate and maintain the machines. Overall, the market is expected to continue its growth trajectory, driven by these trends and factors.

What will be the size of the Market During the Forecast Period?

Market Forecast 2024-2028

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Market Dynamics

Gear hobbing machines are essential machinery used in the production of gears. These machines employ the hobbing process, a cutting method that uses a preformed tool called a hob to shape the teeth of a gear directly onto the gear blank. The hobbing process is one of several cutting processes used in gear manufacturing, including broaching, milling, and grinding. Precision is crucial in gear production, especially for complicated gear designs, such as helical gears, spur gears, worm gears, and splines. Skew spindles are a crucial feature of gear hobbing machines, enabling the production of gears with non-parallel or non-perpendicular tooth lines. Gear hobbing machines are versatile, with applications ranging from machine tools to speed gearboxes and the manufacturing of various types of gears, including sprockets and indexing gears. The accuracy of gear hobbing machines is vital, ensuring the proper fit and function of the gears produced. The gear hobbing machine market is driven by the universal application of gears in various industries, including automotive, aerospace, Autonomous vehicles and power generation.

The market is expected to grow due to the increasing demand for precision and accuracy in gear manufacturing, Electric Vehicle as well as the production of complicated gear designs. Multi-tooth cutting and hobbing processes are becoming increasingly popular due to their efficiency and cost-effectiveness. In summary, gear hobbing machines play a significant role in the production of gears, with applications ranging from machine tools to various industries. The market for gear hobbing machines is driven by the universal application of gears and the increasing demand for precision and accuracy in gear manufacturing. The hobbing process is a crucial cutting method used in gear production, with skew spindles enabling the production of gears with non-parallel or non-perpendicular tooth lines. The market is expected to grow due to the increasing demand for efficient and cost-effective gear manufacturing processes. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver - Growth in the automotive industry

The automotive industry significantly contributes to the market as they are highly dependent on automobile and automotive component production. The machine tools are extensively used in automobile applications related to different vehicle systems including the rack and pinion steering system, starter, seat adjustment, electric power-assisted steering (EPS) technology, windshield wiper motor, electric handbrakes, power windows, and wing mirror adjustment.

Moreover, there is an increasing focus by OEMs on penetrating the passenger car market in emerging economies as emerging countries, such as China and India, have lesser penetration of motorization than the developed economies of North America and Europe. As a result, the suppliers of gear hobbing machines are emphasizing increasing their production to meet the growing demand for passenger cars within these countries. Hence, such factors are positively impacting the market which in turn will drive the market growth during the forecast period.

Significant Market Trends - 3D printing of gears

The emergence of 3D printing, also known as additive manufacturing has revolutionized the manufacturing industry.  The process of 3D printing essentially comprises building the product in thin layers one by one. It also facilitates the manufacturing of complex geometries that are either arduous or impossible with traditional manufacturing techniques.

Moreover, the main advantage of 3D printing is that it optimizes the use of material and, therefore, reduces wastage of material. Even though there is a high upfront cost associated with 3D printers, the use of this technology can gradually lead to a substantial reduction of incremental unit costs for the manufacturer. Therefore, there is a significant shift in the manufacturing processes in automotive, aerospace, and other end-user sectors due to the improvements in 3D printing technology and its adoption in the automotive industry. Hence, such factors are driving the market growth during the forecast period.

Major Market Challenge - Improvements in grinding technology

The grinding process and technology is one of the essential aspects of the manufacturing of gear. The main advantage of using grinding technology in gear manufacturing is that it helps to improve ear quality and perfect symmetries. Some of the main advancements in grinding technology include increased material removal, longer tool life, and innovations in machine-delivering enhanced stability.

Moreover, several manufacturers are kipping the traditional gear manufacturing processes such as shaping and hobbling due to the increased ability of the grinding machines as well as the increasing focus of manufacturers on cost reduction. Hence, such factors are negatively impacting the market. therefore, it is expected to hinder the market growth during the forecast period.

Market Segmentation by Application, Product, and Geography

Application Segment Analysis:

The automotive industry segment is estimated to witness significant growth during the forecast period. There is a significant influence of the automotive sector on the growth of the global market such as any fluctuation in demand and technical improvements in the automobile sector. will impact the market growth. For example, the growing demand for precision gear manufacturing equipment to support electric vehicle (EV) drivetrain components has led to the shift toward EVs.

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The automotive industry segment was the largest segment and was valued at USD 265.90 million in 2018. In addition, there is a growing requirement for specialized gear machining solutions due to the use of new materials in vehicle manufacture, such as Industrial Robots and  carbon fiber-reinforced polymers. Several factors such as the growth of autonomous vehicles and the necessity for very precise gearbox components are significantly contributing to the growth of the segment. Also, there is an increasing focus by developed countries on automation and cost-efficiency in gear manufacturing processes. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Product Segment Analysis:

Based on the product, the segment is classified into vertical hobbing machines and horizontal hobbing machines. One of the most widely adopted hobbling machines is the vertical hobbing machine due to its versatility. The main advantage of this segment is that it ensures higher product quality through better finishing of the gears. One of the prominent markets operating in the global market is  Star-SU LLC which launched a wide range of products including  H 250-400 Vertical Gear Hobbing Machines productive for small batches or mass production. Hence the increase in demand and availability of cutting-edge vertical hobbing machines is expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 43% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  One of the main factors that are significantly contributing to the growth of the market in APAC is the increase in drilling activities, especially in unconventional reserve bases like deepwater assets. China, India, and Indonesia are some of the prominent countries in APAC that are fuelling the market for offshore drilling equipment and acquisition, which extensively uses gears for its working mechanism. Furthermore, China is  which is expected to significantly contribute to the market growth in the region. Hence, such factors are expected to drive the market growth in APAC during the forecast period.   

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AEROMECH TECHNOLOGIES Pvt. Ltd: The company offers gear hobbing machines such as CNC gear hobbing that combines mechanics, electronics, and automation with high-speed dry and wet hobbing.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Bourn and Koch Inc., Brighton Equipment Corp., Chongqing Machine Tool Co. Ltd., DMG MORI Co. Ltd., DVS TECHNOLOGY GROUP, EMAG GmbH and Co. KG, Gleason Corp., Helios Gear Products, KLINGELNBERG GmbH, Liebherr International Deutschland GmbH, LMT Tools GmbH and Co., Mitsubishi Heavy Industries Ltd., Monnier and Zahner AG, Premier Gear and Machining Inc., Reishauer AG, Swegon Group AB, UCAM Pvt. Ltd., WTO Werkzeug-Einrichtung GmbH, and Star SU LLC.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

• Application Outlook
  • Automotive industry
  • Aerospace industry
  • Industrial machinery
  • Others
• Product Outlook
  • Vertical hobbing machines
  • Horizontal hobbing machines
• Geography Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

Precision Solutions for Gear Production Gear hobbing machines are essential machine tools used for producing helical and spur gears with high accuracy. These machines employ hobbing as a cutting process, which involves the use of a hob, a toothed tool, to shape the gear teeth directly onto the gear blank. Gear hobbing is a popular method for producing gears due to its ability to handle complicated gear designs and high precision. The market for gear hobbing machines caters to various industries, including textile machinery, auto gearboxes, mining equipment, industrial robots, and more. Applications range from universal gear production to specialized gear applications such as speed gearboxes, feed gearboxes, and worm gears. Gear hobbing machines come in different configurations, including vertical and horizontal, to cater to diverse industrial needs. The process can also be automated, reducing noise and ensuring consistent quality.

Advanced technologies like 3D printing and hybrid vehicles are driving the demand for lightweight, high-performance gears, further boosting the market growth. Key components of gear hobbing machines include skew spindles, indexing systems, and gear blanks. Accessories like hobs, hobbers, sprockets, and splines are also essential for efficient gear production. With advancements in technology, gear hobbing machines are becoming more versatile and capable of producing complex geometries, ensuring they remain a crucial part of the industrial development landscape. Horizontal gear hobbing is a crucial process in industrial machine manufacturing, used for cutting gear teeth with precision. This technique often involves a hobber that facilitates accurate gear production. Proper feeding, lubricant, and coolant are essential to ensure optimal performance and longevity of the equipment. In the context of petroleum products and oil exploration, the use of laser cutting technology enhances efficiency and precision in manufacturing components. The integration of skilled professionals is vital for operating and maintaining these advanced machines, especially in sectors like consumer electronics and defense equipment. The shift towards electric substitutes and advancements in oil and gas technologies continue to influence the industry. These developments reflect a growing trend in leveraging innovative solutions to meet the evolving demands of various applications.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of gear-hobbing machines market companies

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