Gear Measuring Machine Industry Analysis in South Asia & Oceania
Study on Gear Measuring Machines in South Asia & Oceania by <300 mm, 300 to 600 mm, 601 to 900 mm, 901 to 1,200 mm, and Above 1,200 mm Working Diameter from 2024 to 2034
Analysis of Gear Measuring Machine Industry Analysis in South Asia and Oceania Covering Countries Includes Analysis of India, Thailand, Malaysia, Australia and New Zealand, and Rest of South Asia and Oceania
Gear Measuring Machine Sales Outlook for South Asia & Oceania (2024 to 2034)
Gear measuring machine sales in South Asia & Oceania are set to reach US$ 50.2 million in 2024 and are forecasted to climb to US$ 75.4 million by the end of 2034. The market in South Asia & Oceania is forecasted to increase at 4.1% CAGR over the next ten years (2024 to 2034).
Surging demand for high-precision machines and growing sales of vehicles are projected to primarily augment gear measuring machine demand in South Asia & Oceania over the coming years. Increasing demand for efficient vehicles is projected to lead to the development of new and advanced gearboxes thereby necessitating the use of precision gear measuring equipment in the long run.
Integration of advanced technologies to improve the precision of gear measuring systems is also estimated to be a popular trend that gear measuring machine manufacturers need to keep an eye out for across the study period. Growing disposable income and rapid industrialization are set to uplift shipments of gear measuring machines in this region through 2034.
- Gear measuring machine sales in the Rest of South Asia & Oceania are estimated to rise at a CAGR of 3.9% from 2024 to 2034.
| Report Attributes | Details |
|---|---|
| Gear Measuring Machine Sales in South Asia & Oceania (2024E) | US$ 50.2 Million |
| Projected Sales (2034F) | US$ 75.4 Million |
| Demand Growth (2024 to 2034) | 4.1% CAGR |
| Sales in Thailand (2024E) | US$ 7.4 Million |
| Demand Growth in Malaysia (2024 to 2034) | 2.9% CAGR |
| Market Share of Gear Manufacturing Application Segment (2024E) | 18.5% |
| Key Companies Profiled |
|
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What’s Pushing Gear Measuring Machine Sales in South Asia & Oceania?
“Rapid Industrialization Driving Market Growth in South Asia & Oceania”
Focus on maximizing industrial and manufacturing activities in South Asia & Oceania has increased exponentially in recent years as countries in this region make efforts to boost their economic growth. An increasing number of manufacturers investing in setting up facilities in this region to take advantage of cheap labor and government subsidies and incentives, which in turn, is predicted to bolster sales of gear measuring machines in South Asia & Oceania over the next ten years and beyond.
Find more details of growth-augmenting factors such as product standards, pricing trends, safety regulations, local supply, and new developments in this research study on gear measuring machines by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
India, Australia, New Zealand, and Thailand are forecasted to offer moneymaking opportunities for gear measuring machine companies in the South Asia & Oceania region through 2034.
What Makes India Key for Gear Measuring Machine Manufacturers?
“Rapid Expansion of Aerospace, Automotive, and Defense Sectors”
| Attribute | India |
|---|---|
| Market Value (2024E) | US$ 86 Million |
| Growth Rate (2024 to 2034) | 7.7% CAGR |
| Projected Value (2034F) | US$ 181 Million |
India is on its way to becoming an established economic power in the Asian part of the world and this is what makes it a highly opportune space for not only gear measuring machine companies but also manufacturers of other products as well. The high disposable income of people in the country has led to increased sales of vehicles and a rising number of air travelers, both of which are indirectly promoting gear measuring machine demand outlook in the country since gears are essential components of vehicles as well as aircraft. Rising spending on defense is also estimated to uplift sales of gear measuring machines in the country over the next ten years and beyond.
What’s Driving Sales of Gear Measuring Machines in Australia and New Zealand?
“Surging Demand for Heavy Machinery in the Country”
| Attribute | Australia & New Zealand |
|---|---|
| Market Value (2024E) | US$ 11.9 Million |
| Growth Rate (2024 to 2034) | 4% CAGR |
| Projected Value (2034F) | US$ 17.7 Million |
Australia has a robust mining and oil & gas industry that drives the demand for heavy machinery and this heavy equipment cannot function properly without the deployment of proper gears. New Zealand is home to prominent agricultural activity that is also responsible for driving up the sales of heavy equipment. Both of the aforementioned factors are projected to create moneymaking opportunities for gear measuring machine suppliers in the long run.
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Category-wise Insights
Gear measuring machine providers in South Asia & Oceania focus on providing devices with a maximum working diameter of 1,200 mm and are also focusing on maximizing their revenue generation from automotive manufacturing applications.
Gear Measuring Machines with Which Working Diameter are Popular in SAO?
“Machines with Working Diameter of More than 1,200 mm in High Demand”
| Attribute | Above 1,200 mm |
|---|---|
| Segment Value (2024E) | US$ 14 Million |
| Growth Rate (2024 to 2034) | 3.9% CAGR |
| Projected Value (2034F) | US$ 20.6 Million |
High demand for marine engines and aircraft coupled with the increasing use of heavy equipment is projected to favor sales of gear measuring machines with a maximum working diameter of more than 1,200 mm in South Asia & Oceania going forward. Gears required in the aforementioned applications usually have larger diameters and this is why gear measuring machines with more than 1,200 mm working diameter are perfect for measuring and calibrating them.
Where are Gear Measuring Machines Utilized At Large in SAO?
“Automotive Manufacturing to Spearhead Product Sales”
| Attribute | Automotive Manufacturing |
|---|---|
| Segment Value (2024E) | US$ 13.8 Million |
| Growth Rate (2024 to 2034) | 4% CAGR |
| Projected Value (2034F) | US$ 20.5 Million |
Automotive manufacturing activity in South Asia and Oceania region is increasing at a notable pace and this trend is projected to favor gear measuring machine sales over the coming years. Attractive government policies and incentives in this region are allowing automotive manufacturers to set up their plants in this region to maximize profits. India, Malaysia, Vietnam, and Thailand are notable countries in terms of automotive manufacturing in South Asia & Oceania.
Analyst’s Opinion
Gear measuring machine suppliers in the South Asia & Oceania region should focus on making the most of their money from automotive manufacturing applications owing to the rising sales of vehicles in this region. South Asian countries such as India, Indonesia, Malaysia, and Thailand are projected to be the most investment-worthy spaces for gear measuring machine companies across the study period and beyond.
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Segmentation of Gear Measuring Machine Study in South Asia & Oceania
-
By Max. Working Diameter:
- <300 mm
- 300 to 600 mm
- 601 to 900 mm
- 901 to 1,200 mm
- Above 1,200 mm
-
By Permissible Test Gear Weight:
- Below 50 Kg
- 50 to 100 Kg
- 101 to 250 Kg
- 251 to 500 Kg
- 501 to 750 Kg
- 751 to 1,000 Kg
- Above 1,000 Kg
-
By Application:
- Gear Manufacturing
- Automotive Manufacturing
- Construction & Mining Equipment Manufacturing
- Aviation Industry
- Agriculture & Forestry Equipment Manufacturing
- Industrial Equipment Manufacturing
- Others
-
By Country:
- India
- Thailand
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Oceania
- FAQs -
How much are gear measuring machine sales in South Asia & Oceania?
Gear measuring machine demand in South Asia & Oceania is estimated to reach a value of US$ 50.2 million in 2024.
What is the forecasted sales revenue for 2034?
Sales of gear measuring machines are set to reach US$ 75.4 million by the end of 2034.
At what pace will gear measuring machine sales rise in SAO?
The market in South Asia & Oceania is projected to increase at 4.1% CAGR from 2024 to 2034.
How fast will demand for gear measuring machines increase in India?
Sales of gear measuring machines in India are projected to increase at 4.9% CAGR over the next ten years.
Where are most gear measuring machines used?
Automotive manufacturing applications are projected to hold a prominent share of gear measuring machine sales in South Asia & Oceania.
Who are the top gear measuring machine companies?
Gleason Corporation, FFG Werke GmbH, Kashifuji Works Ltd., Klingelnberg AG, and Reishauer AG are leading gear measuring machine suppliers.
Gear Measuring Machine Industry Analysis in South Asia & Oceania