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Global Gear Cutting Machinery Market to grow at a CAGR of 2.53% during the period 2017-2021

02-20-2017 12:09 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MRC

Market Research analysts forecast the global gear cutting machinery market to grow at a CAGR of 2.53% during the period 2017-2021.

The following companies as the key players in the global gear cutting machinery market: Gleason, Koepfer America, Liebherr, and MITSUBISHI HEAVY INDUSTRIES

Other Prominent Vendors in the market are: Bourn & Koch, KANZAKI KOKYUKOKI, Klingelnberg, STAR SU, LMT Tools, Samputensili, Monnier + Zahner, Zen Machine Tools, Chongqing Machine Tools, Zaozhuang Yixin Heavy Machine Tools, EMAG, Vanguard Machinery International, WTO, Prawema, Monnier + Zahner, Felsomat, Ashoka Machine Tools, SCHIESS BRIGHTON Holding, Ueda Heavy Gear Works, Strojimport, Premier, Yamazaki Mazak, DMG Mori, Mikron, Yanmar, FFG Werke, and Luren Precision Chicago

Download Sample Report @ https://marketreportscenter.com/request-sample/507654

Commenting on the report, an analyst from Reports 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 at 6% and is projected to reach $120 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 design is crucial to any product development process. During this process, precise design specifications aid in giving the desired form to the product. Machine tools are used to implement these specifications for convenient and easy development of complex products and shapes. Thus, effective use of machine tools helps industries to develop superior-quality products with enhanced dimensional accuracy.

Further, the report states that a serious threat that has been looming over the global gear cutting machine market is the gradually growing second-hand machine market. The US and Europe witnessed the closing down of many manufacturing industries owing to high labor cost and strict pollution laws, resulting in the increased availability of second-hand machines from these regions. As 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.

About Gear Cutting Machinery

While some of the gears manufactured via powder metallurgy may need machining for the final finishing touch, most of the gears made from the above processes are complete after the sintering process. Depending on the type of application, gears manufactured using additive manufacturing may or may not need any finishing by the cutting process.

Complete Report Details @ https://marketreportscenter.com/reports/507654/global-gear-cutting-machine-market-2017-2021

Covered in this report

The report covers the present scenario and the growth prospects of the global gear cutting machinery market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of gear cutting machinery.

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

Global Gear Cutting Machinery 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
Gleason
Koepfer America
Liebherr
MITSUBISHI

Other prominent vendors
Bourn & Koch
KANZAKI KOKYUKOKI
Klingelnberg
STAR SU
LMT Tools
Samputensili
Monnier + Zahner
Zen Machine Tools
Chongqing Machine Tools
Zaozhuang Yixin Heavy Machine Tools
EMAG
Vanguard Machinery International
WTO
Prawema
Monnier + Zahner
Felsomat
Ashoka Machine Tools
SCHIESS BRIGHTON Holding
Ueda Heavy Gear Works
Strojimport
Premier
Yamazaki Mazak
DMG Mori
Mikron
Yanmar
FFG Werke
Luren Precision Chicago

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

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

Market trend
Modern alternative casting processes gaining momentum
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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

..…..Continued

To Get Sample Of the Report @ https://marketreportscenter.com/buy-now?sku=TCFEB131756

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Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. Market Reports Center’s team consistently works to update and extend our existing repository of market research reports by partnering with new publishers and adding their studies to our website.

Sam Collins

303, Astral Court,

Aundh, Pune,

MH - 411045, India

info@marketreportscenter.com

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