Press release
Gear Measuring Machines Market Remains Highly Fragmented, yet Top 5 Players Collectively Account for Over One-Third Revenue Share, Finds Fact.MR
Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=2062
Growing focus on precision measuring and automation has led to the introduction of multi-sensor technology, advanced optical profilers and efficient software with easier UI in the recent past. Leading players are focusing on R&D investment to maintain their stronghold in a fragmented marketplace. However, capital-intensive nature and high maintenance cost of the gear measuring machines continue to limit new sales.
Highlighting the key demand drivers, the study opines that buoyancy in the automotive industry will remain crucial to the overall growth of the Gear Measuring Machines Market. The Fact.MR study projects that demand for gear measuring machines from the automotive industry will account for $177 million worth of revenues by 2028.
The metal and mining industry follows the automotive industry in generating the second largest demand for gear measuring machines while accounting for almost one-fifth of the total volume growth in 2018. Steady growth in the mining industry against the backdrop of advanced technology continues to seek heavy duty and durable gears in mining equipment. In addition, as gearbox forms the basis of agricultural machinery and wind turbines, demand for gear remains significant in these sectors. The wind power generation sector is actively exploring magnetic gears to achieve low maintenance, reduced acoustic noise and increased reliability for extensive and durable applications.
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gear Measuring Machines Market Remains Highly Fragmented, yet Top 5 Players Collectively Account for Over One-Third Revenue Share, Finds Fact.MR here
News-ID: 1310168 • Views: …
More Releases from Fact.MR
Polyethylene Wax Market Size Assessment and 5.1% CAGR Expansion (2024-2034)
The global polyethylene wax market (ポリエチレンワックス市場) is projected to grow at a CAGR of 5.1% from 2024 to 2034, following its 2024 size of US$ 1.1 billion. Companies prioritize sustainable growth, leading polyethylene wax manufacturers to adopt biodegradable formulations. These eco-friendly waxes are sought after by industries aiming to reduce their carbon footprints.
An example is Novaspers C1491, a biodegradable PE wax from Allinova Company, used in printing inks, polishes, and…
Cascara product consumption is anticipated to increase at a CAGR of around 10.4% …
As per a new report by Fact.MR, a market research and competitive intelligence provider, the global cascara products market is currently valued at US$ 458 million and projected to expand at an impressive CAGR of 10.4% over the forecast period (2022 to 2032). The market registered 9.1% CAGR between 2017 and 2021. Fact.MR anticipates significant potential in the market due to the enhanced activity of market players across the coffee…
Beauty Facial Mask Market Share to Reach US$ 11.2 Billion by 2032
According to Fact.MR, a market research and competitive intelligence provider, the global beauty facial mask (BFM) market is estimated at US$ 6.8 billion in 2022 and is expected to expand at an impressive CAGR of 5.1% during the forecast years of 2022-2032.
A large number of elderly customers around the globe having the required buying power as well as the desire to appear younger, in turn increasing the demand for anti-aging…
Kiteboarding equipment sales are projected to increase at a CAGR of 14.7% during …
According to a recent report by Fact.MR, a market research and competitive intelligence provider, in 2023, the global Kiteboarding Equipment Market will be worth approximately US$ 1,042.62 Million. Kiteboarding equipment sales are expected to grow at a 14.7% CAGR to reach US$ 4,109.23 Million by 2033.
During the historical period, the increasing popularity of adventure tourism, associated with the proliferation of beach culture, stimulated market growth for kiteboarding equipment. During their…
More Releases for Gear
Global Aircraft Landing Gear Market By Type: Nose Landing Gear, Main Landing Gea …
The airplane's landing gear supports the entire weight of the aircraft during landing and landing procedures. They are attached to the main structural elements of the airplane. The type of equipment required depends on the design and planned use of the aircraft. Most trolleys have wheels to make it easier to move them over uneven surfaces, like the floor. Other objects also include skids, such as the tail portion of…
Abstract of Speed Changer, Industrial High-Speed Drive, and Gear Market 2019 by …
The Speed Changer, Industrial High-Speed Drive, and Gear Market report provides detailed information on past, present and future market trends including the development rate, capacities, growth drivers, technologies and the capital structure. The Speed Changer, Industrial High-Speed Drive, and Gear Market report aims to provide comprehensive details to help market players and consultants to understand the on-going scenario of the Speed Changer, Industrial High-Speed Drive, and Gear market. The Speed…
Gear Racks Market Size, Status, Top Emerging Trends, Growth and Business Opportu …
A new business intelligence report released by Up Market Research on “Global Gear Racks Market”. Report provides a comprehensive market analysis with future prospects to 2026. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Get Sample Copy Of This Report @
https://www.upmarketresearch.com/home/requested_sample/108986
The report contains 119 pages which highly exhibit on current market analysis scenario, upcoming…
Hurtle Gear
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service.
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service.
Hurtle Gear
3/4 Mummery Crescent
Bunbury
Western Australia
6230…
Global Worm Gear Drives Market Price, Sales, Gross Margin, Growth Rate by Timken …
A worm drive is a gear arrangement in which a worm (which is a gear in the form of a screw) meshes with a worm gear (which is similar in appearance to a spur gear).
Like other gear arrangements, a worm drive can reduce rotational speed or transmit higher torque. A worm is an example of a screw, one of the six simple machines.
Download Sample Report of Worm Gear Drives Market…
Worm Gearing Market SWOT Analysis by Key Players: IMS(GER), AME, AMTech, Avon Ge …
A worm gear system consists of a worm and worm wheel and is the most compact type of gear system.
The Worm Gearing market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to…
