Hydraulic Power Packs Market: Current Outlook Of Industry & Forecast

Hobboing is an essential industrial process for developing gears. This machining process of gear cutting is done on a hobbing machine with the help of two skew spindles. Compared to another type of gear forming machining process it is relatively inexpensive coupled and can be used for a broad range of quantities and parts manufacturing. Hobbing is the most broadly used for universal gear applications such as for developing helical and spur gears. Gears are available in several types, size, and the material is broadly used in various systems and machines.

The major applications of gears include speed gear box, feed gear box, speed initiatives in textile machines, gear boxes of automobiles, machines used for mining, processing industry, industrial robots and toys, gear box in cement, sugar industry, and much more. The gear hobbing machines have a less number of tools, work motions, and are much more rigid, productive, and strong compared to other machines such as gear shaping machine.

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Gear Hobbing Machines Market: Drivers and Restraints

Factors such as growing industrial automation, expanding automotive industry, innovative technology, growing demand for light weight gear used in automobiles are expected to driving the growth of the global gear hobbing machines market. Moreover, growing 3D printing technology for manufacturing gears, rise in demand for vehicles with advanced features and expanding technical centers to meet the growing demand are some of the primary factors driving the growth of the gear hobbing machines market over the forecast period. However, it is only used for cutting straight or helical teeth of external spur gears as well as worm wheels, having lesser accuracy as well as finishing, and growing industrial standards may limit the growth of the gear hobbing machines market during the forecast the period.

Gear Hobbing Machines Market: Segmentation

The gear hobbing machines market has been classified by product type, forming technique, material type, and end user.

Based on product type, the gear hobbing machines market is segmented into the following:

Horizontal Gear Hobbing Machine
Vertical Gear Hobbing Machine

Based on the forming technique, the gear hobbing machines market is segmented into the following:

Casting
Injection Moulding
Extruding
Sintering
Cold drawing
Preforming
Others

Based on the material type, the gear hobbing machines market is segmented into the following:

Ferrous Metals
Non-ferrous Metals
Non-metals

Based on the end user, the gear hobbing machines market is segmented into the following:

Automotive Industry
Food Industry
Mining Industry
Robotic Tools
Others

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Gear Hobbing Machines Market: Overview

Gear hobbing machines market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well soon owing to increasing demand for fully automated machines, technological advancement, expanding installation of automated parts in vehicles, and increasing competition among players in the market. Additionally, growing demand for safe and clean transportation facility will upsurge in the need for light weight vehicles is the main factors that can propel the market revenue growth of gear hobbing machines in the near future. Based on the product type, verticle gear hobbing machine segment is projected to lead the global gear hobbing machines market over the forecast period attributed to its high accuracy, flexibility, and efficacy to develop high-quality gears.

Gear Hobbing Machines Market: Region-wise Outlook

Depending on the geographic region, the gear hobbing machines market is classified into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. North America is expected to be the leading markets in the global gear hobbing machines market followed by Europe owing to large customer base along with high disposable income have fueled the demand for vehicles in the region. Japan is anticipated to witness a substantial growth in the global gear hobbing machines market over the forecast period owing to the presence of local player along with growing demand for large marine gears in the region. Moreover, the market in Asia-Pacific is projected to have the fastest growth in the global gear hobbing machines market over the forecast period due to the surge in demand for automation, growing the automotive industry, and growing drilling related activities such as deep-water exploration in the region. MEA is expected to witness the significant growth rate in the global gear hobbing machines market due to high oil and gas reserves along with increasing demand for petroleum products lead to a surge in demand for drilling activities in the region.

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Gear Hobbing Machines Market: Key Players

Some of the prominent players in the gear hobbing machines market are Aeromech Technologies Pvt.Ltd., Mitsubishi Heavy Industries, Ltd., Premier Ltd., Liebherr Group, Gleason Corporation, Bourn & Koch, Inc., Strojimport Toshulin Group, Monnier + Zahner AG, Chongqing Machine Tools (Group) Co., Ltd., Zaozhuang Yi Xin Heavy Machine Tools Co., Ltd., Felsomat GmbH, The Vanguard Group, Samputensili S.p.A., Koepfer America LLC, Ding Shen Machinery Co., LTD EMAG GmbH & Co. KG, LMT Tools Ltd., HOTA Industrial Mfg Co., Ltd., FFG Werke GmbH, Kashifuji Works, Ltd., and others.

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