According to Technavio’s latest industry analysis, the global gear cutting machinery market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global gear cutting machinery market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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The top three revenue contributing end-user segments are discussed below:
Global gear cutting machinery market for the automotive sector: The demand for gear cutting machinery from the automotive sector stems from a single, vital vehicle component – transmission gears. The US, China, South Korea, Japan, and Thailand are anticipated to emerge as key revenue generating countries in the global gear cutting machinery market for the automotive sector during the forecast period.
“The global automotive industry has grown significantly over the past five years. The benefits are likely to be generated from automotive sales in emerging economies,” says Anju Ajaykumar, a lead analyst at Technavio for research on tools and components.
Global gear cutting machinery market for the oil and gas sector: Owing to the extensive use of gears in the oil and gas applications, the demand for gear cutting machines that produce the necessary types of gears with precision is high in the oil and gas sector. The US is one of the key revenue generating countries in the global gear cutting machinery market for the oil and gas sector.
Global gear cutting machinery market for general machinery: The demand for gear cutting equipment from the general machinery sector will be driven by increased investment in machine shops for setting up new shops or capacity expansion. The US, Brazil, Japan, China, and India are expected to account for a majority of the demand for gear cutting equipment for general machinery.
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The top vendors operating in the global gear cutting machinery market are:
- Gleason
- Koepfer America
- Liebherr
- MITSUBISHI
Other prominent vendors in the market include 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.
A more detailed analysis is available in the Technavio report titled, ‘Global Gear Cutting Machinery Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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