Gear Cutting Machine Market
Gear Cutting Machine Market Study by CNC Gear Cutting Machines and Conventional Gear Cutting Machines for Automotive, Aerospace, Construction Machinery, Energy, and Others From 2024 to 2034
Analysis of Gear Cutting Machine Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Gear Cutting Machine Market Outlook (2024 to 2034)
Worldwide revenue from the sales of gear cutting machines is estimated to stand at US$ 5.47 billion in 2024 and is slated to increase at a CAGR of 5.1% to reach US$ 9 billion by 2034.
The market for gear cutting machines is experiencing a forward leap, the reason behind this leap is due to some tremendous innovations introduced by market players. One of the primary aspects contributing to this leap is the noise reduction and vibrations, gears are typically used in cars and traditionally these gears lead to extensive noise and vibrations, giving a very unpleasant experience to the driver, therefore contributing to increased noise pollution around the world.
Now the engineers have found a very precise solution to this, introducing NHV gears. These gears are making it possible for EV and other car companies to produce high-precision, noise-reducing components, elevating the overall driving experience for drivers. Now as the world is moving towards sustainable transport methods, people are thinking of moving towards EV vehicles, EV car manufacturers on the other hand are understanding this switch and updating their components with the best gears to make more effective cars for customers.
Apart from noise reduction and vibrations, engineers are also putting their expertise into designing good and better designs, which will positively affect the whole functioning of cars, improve the gear design, and increase the engine and fuel efficiency. Not only more people are switching to EV cars, but the government is also pushing public transport toward a sustainable approach, including EV driver trains.
These trains use fewer gears, which are better at design and are highly customized. Added to this, continuous grinding methods are also proving to be very effective for producing EV gears with very minimal surface deviations, enhancing both performance and lasting for a very long duration.
No innovations are successful until they are accepted by major market players in the end market, therefore companies, including Toyota, GM, and Volkswagen are always looking out for certain aspects to improve and emphasize noise reduction and customized designs as the best areas to improve. Following with major market players, some of the small market players are also accepting this change and investing in this niche.
By integrating cutting-edge gear-cutting machines, the automotive industry is estimated to take out a good profit percentage home, satisfying both sustainable-conscious customers, as well as experience-conscious customers.
We see these drivers making a change in the gear cutting machine industry globally in countries, including Germany, Japan, China, and Italy. Europe is always one step ahead in engineering and architecture. Similarly, Germany is also performing dominantly in gear cutting machines with a share of 32% of global exports followed by Japan and Italy.
Apart from the drivers mentioned above, these countries are always reflecting their long-standing technological expertise, as a result, several companies are looking to shift here to learn and grow.
Production data taken from trade associations and unions, China is leveling up compared to other countries with a production output of 30,000 to 40,000 machines compared to Germany’s production output of 15,000 to 20,000 machines. Added to this, the United States is standing on 10,000 to 15,000 machine production, based on the AGMA publication reports.
Some of the real life examples of how companies are working on advancing are as follows -:
1: Regal Rexnord is starting to use a 5-axis machine by DMG MORI for cutting bevel gears with high accuracy. These machines drastically reduce setup time and human error giving the company a good ROI.
| Report Attribute | Detail |
|---|---|
| Gear Cutting Machine Market Size (2024E) | US$ 5.47 Billion |
| Forecasted Market Value (2034F) | US$ 9 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.1% CAGR |
| East Asia Market Value (2034F) | US$ 2.23 Billion |
| North America Market Share (2034F) | 21.6% |
| Shipbuilding Segment Value (2034F) | US$ 927.94 Million |
| United States Market Value (2034F) | US$ 1.4 Billion |
| Key Companies Profiled | Klingelnberg; Gleason Corporation; Kanzaki (Yanmar); Liebherr; Kapp Werkzeugmaschinen; Chongqing Machine Tool; Reishauer; FFG Werke; MHI; TMTW; HMT Machine Tools; Samputensili; ZDCY; Qinchuan |
A gear cutting machine is used to manufacture gear as per the different requirements. Gear cutting machines use several cutting processes, such as broaching, milling, hobbing, and grinding instead of extruding, forging, and others. The size of gear is getting smaller and production processes are getting fast owing to high demand.
Gear manufacturers are trying to formulate different designs, which in turn helps in efficient power transmission. The leading gear cutting machine manufacturers are constantly developing their machines to provide the required preciseness even for complex gear designs.
The Gear Cutting Machine market is anticipated to witness significant growth by the end of the forecast period. The rising vehicle production and sales in the automotive industry are one of the key factors fueling the demand for gear cutting machines in the market. The global market for Gear Cutting Machines is anticipated to grow at a significant CAGR over the forecast period.
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Gear Cutting Machine Market – Market Dynamics
Increasing vehicle production and sales is projected to boost the demand of Gear Cutting Machines over the forecast period.
Increasing production of automobiles directly influences sales of Gear Cutting Machines. The global automotive industry is observed to witnessed steady growth over the past few years. Considering the expanding middle class population in emerging economies, automotive production is expected to witness further growth.
his is also attributed to increasing urbanization due to stable economic conditions. Thus, potential opportunities lie ahead of Gear Cutting Machines manufacturers.
The increased demand for fully electric and hybrid vehicles also has created an urgent demand for silent-running transmissions. Noise reduction in power transmission requires a special gear design, which is fulfilled by the latest gear cutting machines. So, the demand for noise reduction in power transmission is also fueling the demand for gear cutting machines.
However, the high initial cost of gear cutting machines hinders the growth potential of gear cutting machines in the market.
Gear Cutting Machine Market – Regional Analysis
The global gear cutting machine market is segmented into seven regions, which include North America, Latin America, Europe, CIS & Russia, Japan, APEJ (Asia Pacific except Japan), and the Middle East and Africa. Growth prospects of the gear cutting machine market in North America are relatively slow due to the early adoption.
On the other hand, the future of gear cutting machine market in potentially high growth geographies, such as China, India, Mexico, and ASEAN are prominent because of the high growth of the high demand for passenger cars and SUVs, which, in turn, will increase the demanded gear cutting machines in the future. Europe is anticipated to be the largest gear cutting machine market followed by APEJ over the forecast period.
The Latin American gear cutting machine market is projected to grow at a slow pace as compared to other regions across the globe. Japan gear cutting machine market is also anticipated to grow with significant CAGR over the forecast period owing to the technological advancement in the country.
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Gear Cutting Machine Market – Key Segments
The global gear cutting machine market is segmented based on machine type, application end-use industry, and region. Based on machine type the gear cutting machine market is further segmented as gear hobbing machines, gear shaping machines, gear shaving machines, and others. Based on application, the gear cutting machine market is segmented as vehicle gear application and industrial machinery.
The vehicle gear application is anticipated to grow with a significant CAGR over the forecast period in the global gear cutting machine market. Based on the end-use industry, the gear cutting machine market is further divided into the automotive industry, manufacturing, energy, and power, oil & gas, and others. The automotive industry segment is projected to hold a significant market share in the cutting machine market.
Gear cutting machine market – Key Manufacturers
The gear cutting machine manufacturers are spread across the globe. Some of the leading players in the cutting machine market are:
- Klingelnberg
- Gleason Corporation
- Kanzaki (Yanmar)
- Liebherr
- Kapp Werkzeugmaschinen
- Chongqing Machine Tool
- Reishauer
- FFG Werke
- MHI
- TMTW
- HMT Machine Tools
- Samputensili
- ZDCY
- Qinchuan
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Gear Cutting Machine Market Research
-
By Product Type :
- CNC Gear Cutting Machines
- Conventional Gear Cutting Machines
-
By End-User :
- OEMs
- Aftermarket
-
By Type :
- Gear Hobbing Machines
- Gear Shaping Machines
- Gear Milling Machines
- Gear Grinding Machines
- Gear Broaching Machines
- Others
-
By Application :
- Automotive
- Aerospace
- Construction Machinery
- Energy
- Industrial Machinery
- Shipbuilding
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Type
- 6.2. Product Type
- 6.3. Application
- 6.4. End-User
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Gear Hobbing Machines
- 7.2. Gear Shaping Machines
- 7.3. Gear Milling Machines
- 7.4. Gear Grinding Machines
- 7.5. Gear Broaching Machines
- 7.6. Others (e.g., Gear Chamfering Machines)
- 8. Global Market Analysis and Forecast, By Product Type
- 8.1. CNC Gear Cutting Machines
- 8.2. Conventional Gear Cutting Machines
- 9. Global Market Analysis and Forecast, By Application
- 9.1. Automotive
- 9.2. Aerospace
- 9.3. Construction Machinery
- 9.4. Energy (e.g., Wind Turbines)
- 9.5. Industrial Machinery
- 9.6. Shipbuilding
- 9.7. Others (e.g., Railways)
- 10. Global Market Analysis and Forecast, By End-User
- 10.1. Original Equipment Manufacturers (OEMs)
- 10.2. Aftermarket
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. Asia Pacific
- 11.6. East Asia
- 11.7. MEA
- 12. North America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 18. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Type, Product Type, Application, and End-User for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Klingelnberg
- 21.2. Gleason Corporation
- 21.3. Kanzaki (Yanmar)
- 21.4. Liebherr
- 21.5. Kapp Werkzeugmaschinen
- 21.6. Chongqing Machine Tool
- 21.7. Reishauer
- 21.8. FFG Werke
- 21.9. MHI
- 21.10. TMTW
- 21.11. HMT Machine Tools
- 21.12. Samputensili
- 21.13. ZDCY
- 21.14. Qinchuan
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Type
Table 03: Global Market US$ Mn Forecast by Product Type
Table 04: Global Market US$ Mn Forecast by Application
Table 05: Global Market US$ Mn Forecast by End-User
Table 06: North America Market US$ Mn Forecast by Country
Table 07: North America Market US$ Mn Forecast by Type
Table 08: North America Market US$ Mn Forecast by Product Type
Table 09: North America Market US$ Mn Forecast by Application
Table 10: North America Market US$ Mn Forecast by End-User
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Type
Table 13: Latin America Market US$ Mn Forecast by Product Type
Table 14: Latin America Market US$ Mn Forecast by Application
Table 15: Latin America Market US$ Mn Forecast by End-User
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Type
Table 18: Western Europe Market US$ Mn Forecast by Product Type
Table 19: Western Europe Market US$ Mn Forecast by Application
Table 20: Western Europe Market US$ Mn Forecast by End-User
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Type
Table 23: Eastern Europe Market US$ Mn Forecast by Product Type
Table 24: Eastern Europe Market US$ Mn Forecast by Application
Table 25: Eastern Europe Market US$ Mn Forecast by End-User
Table 26: Asia Pacific Market US$ Mn Forecast by Country
Table 27: Asia Pacific Market US$ Mn Forecast by Type
Table 28: Asia Pacific Market US$ Mn Forecast by Product Type
Table 29: Asia Pacific Market US$ Mn Forecast by Application
Table 30: Asia Pacific Market US$ Mn Forecast by End-User
Table 31: East Asia Market US$ Mn Forecast by Country
Table 32: East Asia Market US$ Mn Forecast by Type
Table 33: East Asia Market US$ Mn Forecast by Product Type
Table 34: East Asia Market US$ Mn Forecast by Application
Table 35: East Asia Market US$ Mn Forecast by End-User
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Type
Table 38: MEA Market US$ Mn Forecast by Product Type
Table 39: MEA Market US$ Mn Forecast by Application
Table 40: MEA Market US$ Mn Forecast by End-User
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 27: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 28: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 29: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 30: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are the market estimates for gear cutting machines in the year 2024?
The market for gear cutting machines is estimated to reach US$ 5.47 billion in 2024.
At what rate is the market forecasted to grow?
The market for gear cutting machines is projected to advance at a CAGR of 5.1% through 2034.
Gear Cutting Machine Market