openPR Logo
Press release

Global Gear Measuring Machine Market: Future Forecast Indicates Impressive Growth Rate | Key Players- Gleason Corporation, Klingelnberg AG, KAPP Werkzeugmaschinen GmbH, Mahr GmbH

11-29-2018 07:40 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Global Gear Measuring Machine Market: Future Forecast

Gear measuring machines market sales grew at a modest rate in the period 2013-2018, and the modest growth is likely to continue during 2018-2028, according to a latest study by Fact.MR. Volume growth is likely to hover around 2.5% CAGR through 2028 equaling a market value in excess of US$ 500 Mn. The study finds that despite the fragmented nature of the market, top five players continue to collectively account for a revenue share of over 35%.

Request 100 Page Sample Report Now: 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.

650 mm gear measuring machines segment is estimated to account for the largest volume sales by capturing almost two-thirds of the total volume growth by 2028. As automotive gears are usually smaller and complex in size, gear measuring machines with 650 mm workpiece diameter are highly sought-after in the automotive sector. As gear measuring machines are cost-intensive, buyers give higher attention in identifying the size of gears to be highly inspected through gear measuring machines. Although measuring principles remain same, larger gears need additional accuracy for inspection. Research shows that demand for 1500 mm gear measuring machines is expected to expand rapidly at a value CAGR of 4.1% by 2028 end with demand focused in the wind turbine sector.

Request Full Report With TOC: https://www.factmr.com/report/2062/gear-measuring-machine-market

Fact.MR research shows that Europe is expected to continue its dominance in the gear measuring machines market, while capturing almost one-third of the total volume share by 2028. In particular, the region presents a substantial demand for 650 mm gear measuring machines owing to the presence of prominent automakers. By 2028, APEJ is estimated to follow the trail with over 23% of total volume sales where Greater China captures almost 55% of APEJ volume sales. The steady growth of the automotive industry and significant investments in electric car manufacturing are prime factors driving the market growth in Greater China.

As gear manufacturing industry consistently introduces material and design innovations, the gear measuring machines market continues to remain concentrated among tier 1 players with their significant investments in R&D to design high throughput solutions of gear testing. Through strategic partnership and expansion, tier 2 and tier 3 players collectively captured almost half of the market share with their stronger presence in the domestic market.

Ask Industry Expert about this Report - https://www.factmr.com/connectus/sample?flag=AE&rep_id=2063

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            
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.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 Global Gear Measuring Machine Market: Future Forecast Indicates Impressive Growth Rate | Key Players- Gleason Corporation, Klingelnberg AG, KAPP Werkzeugmaschinen GmbH, Mahr GmbH here

News-ID: 1406769 • Views: 114

More Releases from Fact.MR

07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
Hand Sanitizer Market to Surpass US$ 2.8 Bn, Instant Hand Sanitizer Poised to Ho …
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online
03-20-2020 | Health & Medicine
Fact.MR
Medical Marker Bands Market Grows on the back of Their Radiopacity and Cost-effe …
Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide. Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On

All 5 Releases


More Releases for Gear

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
Gear Demand Market by Region - North America, Latin America, Europe, Japan, APEJ …
As the requirement for high-quality and uninterrupted production process arises, manufacturers in various industries are looking for premium quality gears. Premium quality gears with robust wear performance and enhanced surface quality continue to gain significant demand in the medical, automotive, aerospace, agriculture, paper and pulp, mining industry. Power transmission features of the gear incorporates speed, direction of rotation and torque to the production process. Range of gears witness significant demand
Gear Grease Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/gear-grease-market/79626 Gear Grease Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Gear Grease basics: definitions, classifications, applications and market overview; product specifications;
Automotive Gear Oil Market
Automobile gears (or cogs) are rotating machine part having cut teeth, or cogs which mesh with another toothed part in order to transmit torque. The arrangement of two or more gears forms automotive transmission system. Automotive gear oil can be petroleum or synthetic based, used especially for lubricating automotive gears for all class of vehicles. It provide high transmission efficiency, reduce engine heating, provides proper clutch friction, insure better oxidation
Harmonic Drive Gear Reduction
Publisher Research announces that it has published a new study Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024. The 2018 study has 230 pages, 141 tables and figures. The leading vendors in the harmonic drive industry have invested in high-quality technology and processes to develop leading edge reducer strain relief gearbox capability. Request Sample Copy at http://www.reportsweb.com/inquiry&RW00011308042/sample Harmonic