Global Gear Hobbing Machines Market to grow at a CAGR of 2.65% during the period 2017-2021

Market Research analysts forecast the global gear hobbing machines market to grow at a CAGR of 2.65% during the period 2017-2021.

The following companies as the key players in the global gear hobbing machines market: Mitsubishi Heavy Industries, Gleason, Liebherr, Premier, and Aeromech Technologies.

Other Prominent Vendors in the market are: LMT Tools, Bourn & Koch, Samputensili, Monnier + Zahner, Strojimport, Chongqing Machine Tool, Zaozhuang Yi Xin Heavy Machine Tools, EMAG, VANGUARD, WTO, PRAEWEMA ANTRIEBSTECHNIK, Felsomat, Star SU, KLINGELNBERG, Koepfer America, and FFG Werke.

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Commenting on the report, an analyst from Report’s team said: “The growing demand for superior-quality products has propelled companies to undertake automation in manufacturing. Investment in the global process automation is continuing to grow by more than 6% and is projected to surpass $100 billion by 2019. This growth is focused on areas such as technology, hardware, software, services, and the communication protocol used for automation.
According to the report, the automotive industry is a primary end-user of machine tools, especially gears. The growth of the gear hobbing machines market is largely dependent on automobile and automotive component production. After the global recession of 2008-2009, the resurgence of the global automobile industry paved the way for the growth of the global machine tools market.

Further, the report states that a serious threat that has been looming over the global gear hobbing machines market is the slowly growing second-hand machines market. The US and Europe witnessed the closing down of many manufacturing industries owing to high labor cost and strict pollution laws, which resulted in the increased availability of second-hand machines from these regions. Since the manufacturing industries have moved to APAC owing to low-cost manufacturing in the region, the second-hand machines from the US and Europe are also finding their way into the region, especially in countries such as China, India, and Pakistan.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Gear Hobbing Machine

The manufacturing process used to cut tooth type geometries is known as hobbing. Hobbing is an important industrial process for gear manufacturing. The process is carried out using a hobbing machine with two skew spindles, one of these spindles is mounted with the hob while the other is mounted with a blank workpiece. Hobbing machines or hobbers, as they are commonly known, are fully automated machines. Since the hobbers are required to manufacture gears of different sizes ranging from tiny instrument gears to large marine gears, they are available in different sizes. A hobbing machine consists of a chuck, which holds the workpiece, a drive motor, and a hob mounted on a spindle. A hob is a cylindrical shaped cutting tool that cuts teeth into the workpiece.

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Covered in this report

The report covers the present scenario and the growth prospects of the global gear hobbing machines market for 2017-2021. To calculate the market size, the report considers the demand for gear hobbing machines from various key end-user industries.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Gear Hobbing Machines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Mitsubishi Heavy Industries
Gleason
Liebherr
Premier
Aeromech Technologies

Other prominent vendors
LMT Tools
Bourn & Koch
Samputensili
Monnier + Zahner
Strojimport
Chongqing Machine Tool
Zaozhuang Yi Xin Heavy Machine Tools
EMAG
VANGUARD
WTO
PRAEWEMA ANTRIEBSTECHNIK
Felsomat
Star SU
KLINGELNBERG
Koepfer America
FFG Werke

Market driver
Growth in automotive industry
For a full, detailed list, view our report

Market challenge
Growing second-hand machines market
For a full, detailed list, view our report

Market trend
Surge in automation
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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