Global Gear Cutting Machine Market 2017-2021

The infographic below contains key findings from our gear cutting machine market forecast report

Want a bigger picture? Get a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Global Gear Cutting Machine Industry Outlook

Market research analysts at Technavio predict that the global gear cutting machine market will grow steadily during the next four years and post a CAGR of more than 2% by 2021. Since the automotive industry is one of the major end-users of machine tools such as gears, the growth of the industry especially in the emerging economies will be one of the primary growth factors for the gear making machine market. For instance, the passenger vehicle production segment is witnessing significant growth in China, which will, in turn, create the demand for machine tools including gear cutting and gear hobbing machines. Furthermore, the rise in need for safer and cleaner transportation that will increase the need for the production of light-weight automobiles will also fuel market growth since this will demand the need for new gears and the replacement of conventional gears.

One of the major trends that will gain traction in the gear shaping machine market in the coming years is the adoption of 3D printing or additive manufacturing for manufacturing gears. Since 3D printing builds the product in thin layers one by one, it eases the production of complex geometries and also eliminates the need for melting and reusing materials resulting in reducing the capital and raw material costs. Though the initial cost of procuring 3D printers is high, their benefits enable manufacturers in improving efficiency and reducing operational costs increasing their demand for manufacturing gears.

Competitive landscape and key vendors

The market is characterized by the presence of a number of gear cutting machine manufacturers and appears to be highly fragmented. Key players who have a wide geographical presence and a large number of manufacturing facilities currently dominate the market. To establish their presence, vendors in the market are increasingly focusing on the development and introduction of innovative products. To survive the highly competitive environment and increase revenue shares, vendors have the need to distinguish their product and service offerings through a clear and unique value proposition.

The report offers a detailed analysis of several leading companies, including:

• Gleason
• Koepfer America
• Liebherr
• MITSUBISHI

The other prominent vendors in the market are Bourn & Koch, KANZAKI KOKYUKOKI, Klingelnberg, STAR SU, LMT Tools, Samputensili, Monnier + Zahner, Zen Machine Tools, Chongqing Machine Tools, Zaozhuang Yixin Heavy Machine Tools, EMAG, Vanguard Machinery International, WTO, Prawema, Monnier + Zahner, Felsomat, Ashoka Machine Tools, SCHIESS BRIGHTON Holding, Ueda Heavy Gear Works, Strojimport, Premier, Yamazaki Mazak, DMG Mori, Mikron, Yanmar, FFG Werke, and Luren Precision Chicago.

Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE Trial!

Gear cutting machine market segmentation by end-user 

• Automotive
• Oil and gas
• General machinery

During 2016, the automotive sector accounted for the major shares and dominated the gear cutting tools market as the major end-user industry. The rise in sales of automobiles around the globe, especially in the emerging economies will fuel market growth, since transmission gears are one of the most significant components in automobiles.

Gear cutting machine market segmentation by geography

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the forecast period. Increased investments to improve the upstream activities in China and the rising demand for offshore drilling equipment from countries such as China, India, and Indonesia, will be the major factors that will drive the market’s growth prospects in this region.

Key highlights of the global gear cutting machine market for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the gear cutting machine market during the next five years
• Precise estimation of the global gear cutting machine market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• Growth of the gear cutting machine industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of gear cutting machine companies

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch