About Gear Cutting Machinery
While some of the gears manufactured via powder metallurgy may need machining for the final finishing touch, most of the gears made from the above processes are complete after the sintering process. Depending on the type of application, gears manufactured using additive manufacturing may or may not need any finishing by the cutting process.
Technavio’s analysts forecast the global gear cutting machinery market to grow at a CAGR of 2.53% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global gear cutting machinery market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of gear cutting machinery.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Gear Cutting Machinery Market 2017-2021
Technavio recognizes the following companies as the key players in the global gear cutting machinery market: Gleason, Koepfer America, Liebherr, and MITSUBISHI HEAVY INDUSTRIES
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
Commenting on the report, an analyst from Technavio’s team said: “The growing demand for superior-quality products has propelled companies to undertake automation in manufacturing. Investment in the global process automation is continuing to grow at 6% and is projected to reach $120 billion by 2019. This growth is focused on areas such as technology, hardware, software, services, and the communication protocol used for automation.”
According to the report, the design is crucial to any product development process. During this process, precise design specifications aid in giving the desired form to the product. Machine tools are used to implement these specifications for convenient and easy development of complex products and shapes. Thus, effective use of machine tools helps industries to develop superior-quality products with enhanced dimensional accuracy.
Further, the report states that a serious threat that has been looming over the global gear cutting machine market is the gradually growing second-hand machine market. The US and Europe witnessed the closing down of many manufacturing industries owing to high labor cost and strict pollution laws, resulting in the increased availability of second-hand machines from these regions. As manufacturing industries have moved to APAC owing to low-cost manufacturing in the region, the second-hand machines from the US and Europe are also finding their way into the region, especially in countries such as China, India, and Pakistan.
Gleason, Koepfer America, Liebherr, MITSUBISHI HEAVY INDUSTRIES, 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, Luren Precision Chicago.
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