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Contactless Gear Inspection at Lightning Speed – Upcoming Technology in the Gear Measuring Machines Market || Key Players: Wenzel America Ltd, Osaka Seimitsu Kikai Co., Ltd., Tokyo Technical Instrument, Inc., Gearspect Group A.S.

03-12-2019 08:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Contactless Gear Inspection at Lightning Speed – Upcoming

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%.

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.

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Standards for gear geometry have been laid by regulatory bodies which have been impacting the gear measurement market. Standards laid by various associations including AGMA, ISO, JIS and DIN apropos to gear development have indirectly influenced the manufacturing of gear measuring machines, designed as per gear geometry. For instance, AGMA (American Gear Manufacturer’s Association) has announced new standards for hypoid and bevel gear geometry – ANSI/AGMA ISO 23509-B17. Manufactures of gear measuring machines are required to design equipment with parameters that are in alignment with such standards in order to make gear measuring machines compatible with the workpiece.

Browse Full report with TOC:

https://www.factmr.com/report/2062/gear-measuring-machine-market

The gear measuring machines market report covers an in-depth segmentation covering all vital aspects of gear measuring machines. The gear measuring machines market is segmented on the basis of max workpiece diameter, sales channel, application and region. The gear measuring machines with respect to max workpiece diameter are classified into less than 650 mm, 650-1500 mm and more than 1500 mm.

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.

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