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Gear Measuring Machines Market

Gear Measuring Machines Market

Gear Measuring Machines Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Gear Measuring Machines Market
FACT2062MR

About the Report

The gear measuring machines market size is projected to expand at a CAGR of around 3% from 2021 to 2031. Gear measuring machines are used for gear feature data collection of various types of gears such as spur gears, bevel gears, helical gears, internal as well as external gears, etc. Various features include the inspection and measurement of teeth profile, pitch circle diameter, module, and surface roughness.

Automotive, transportation, aviation, agriculture, and mining are only a handful of the sectors that use gear measurement machines. These industries necessitate complicated gears and gear assemblies for smooth operation, thereby increasing gear measurement machine demand.

In a recently published revised report by Fact.MR, insights regarding key factors fueling market growth have been offered for the period of 2021 to 2031. The market has been tracked in 20+ high-growth countries, where Europe tops the charts.

The report also details what impact the COVID-19 pandemic is having on the market across the world. This edition (2021-2031) brings readers up-to-date with key market developments, providing analysis on how manufacturers and other stakeholders are reacting to change. The study also expands on the previous competitive landscape section, and readers will get to know the key strategies of established players as well as new entrants across regions.

Historical Trends Vs Future Market Projections

During the historic period of 2016 to 2020, gear measuring machines market growth was sluggish. Growth in demand for gear measuring machines during this period was influenced by demand growth from Europe.

Demand for gear measuring machines declined for 2 consecutive quarters in the year 2020. This slump was a result of the COVID-19 pandemic, which impacted all industries across the globe at large. Lockdowns and travel restrictions imposed by governments disrupted the global supply chain, which ultimately impacted the production of gear measuring machines.

The market is poised to witness a surge in demand during the forecast period, as increasing focus of gear manufacturers on more precise and fast measuring machines is expected to act as impetus to market growth. Manufacturing is constantly changing, and parts are getting smaller and smaller. Cutting-edge technology is becoming the order of the day, and in order to match this pace, gear measuring machines are also becoming more precise along with advanced technology integration. Inspection software are becoming easier to use, which is also driving demand. The market for gear measuring machines is estimated to remain under the influence of the growing automotive and aviation industry.

Increasing trend of wind power generation along with integration of advanced technology in gear measuring machines are some of the factors driving their demand. Inspection of bigger gears (above eight meters) is one of the key challenges that industry leaders are working on. Further, higher initial cost along with uncertain demand restrict manufactures from mass production of gear measuring machines.

Know More Details About the Report

What are the factors influencing demand for gear measuring machines?

Discovery of new and improved ways of producing goods is referred to as technological advancement. Technological changes result in higher labor and capital productivity. Mainly due to urbanization and rising global economy, the market is undergoing a shift towards more complicated and expensive machines.

Developing technology has led to the launch of several products in the market that contain intricate designs, leading to a requirement of added gearing inside. From construction gear measuring machines to the aviation and the shipbuilding industry, all the machinery requires complex gears and gear assemblies for smooth functioning, consequently raising the requirement for gear measuring machines in the market.

Key factors driving demand for gears in the global market are increasing vehicle production, growing manufacturing output, rising economic growth, and a shift in products majorly towards more energy-efficient variables. Developing solar and wind energy options is also a significant factor contributing to rising global gear demand.  

These aforementioned factors are poised to facilitate numerous growth opportunities for gear measuring machine manufacturers during the forecast period. Demand for automotive gear measuring machines is expected to experience a steady CAGR of 3% over the coming years.

gear measuring machines market application by FactMR

How is the automobile industry driving the demand for gear measuring machines?

Manufacturers of gear measuring machines are being forced to introduce improved product lines with better inspection capabilities and shorter cycle times as a result of growing technological advancements in the automotive industry. Growth in the Asia Pacific region is attracting manufactures to set up and establish manufacturing units here. Changes in transmission systems and the need for fuel-efficient vehicles would require advanced gears for seamless functioning.

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Which region is more lucrative for gear measuring machine manufacturers?

Demand for gears and gear assemblies in China, India, Eastern Europe, South Africa, GCC countries, and Latin America is rising. Growing economy and industrialization are resulting in high demand for motor vehicles and other manufacturing output, thereby fueling the market for gears in these regions.

As compared to developing nations, growth in gear demand will be less robust in the United States and Western Europe. This will still be at a rise spurred by renewed strength in motor vehicle demand. As products become more complex and as medium and heavy vehicle output outpaces that of light vehicles, average-per-vehicle transmission demand will also increase, resulting in the global market for gears and gear assemblies relying heavily on the automotive industry.

Country-wise Analysis

How will China impact the gear measuring machines landscape?

Since China accounts for more than 28% of global manufacturing production, it has a significant impact on the prices of most goods sold around the world. As there are a large number of small producers in China, the gear measuring machines industry remains moderately fragmented.

Furthermore, China will improve its position as the world's leading manufacturer of gear measuring machines. Availability of raw materials and lower labor costs in China make it easier for small businesses to survive and succeed in this market.

Increased tensions between China and developed economies such as the United States would, however, result in the introduction of additional charges and anti-dumping duties.

Why is the demand for gear measuring machines high in Germany?

There are a number of factors that are contributing to higher demand for gear measuring machines in Germany - disposable income of the population and presence of a gigantic automotive industry. Germany accounts for more than 30% of the overall demand in the European region.

Moreover, Germany is Europe’s biggest automotive market, and the German market accounts for more than 24% of passenger car sales in Europe. This makes Germany one of the most promising markets for high voltage gear measuring machines. The market is expected to gain 66 BPS over the next ten years.

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Category-Wise Insights

Which type of gear measuring machine witnesses highest demand?

The most important factor that one should consider before buying a gear measuring machine is the maximum size of gear that needs to be inspected or measured. Automotive gears are usually smaller and complex in size, and if the gear manufacturer makes gears for automobile application, then the gear measuring machine with a maximum workpiece diameter of 375 – 450 mm would be better, so that the machine can measure and inspect gears less than the maximum workpiece diameter.

Gears used for industrial application and heavy machinery vary a lot in size, from smaller to even 1000 mm. The gear manufacturer should go for a machine with 1000 mm maximum workpiece diameter. Gears used in wind turbine and other ships normally range between 1500 – 3000 mm or even above. In this case, the gear measuring machine should have the maximum workpiece diameter of the required range.

In addition, large gears require special solutions even though the measuring principles and parameters are similar to that of small ones. Controlling large masses involves part centring, alignment, thermal stability safety, and customization, which needs to be taken into consideration for reliable and accurate large gear inspection.

What are the deciding factors with respect to gear measuring machines?

The buyer should choose a company that offers aftersales support with the required software updates, as gear measuring machines are quite expensive. Prices of the gear measuring machines vary from US$ 150,000 to above one million, and the life span of the machine is around 15-20 years.

The buyer should go for a company that provides regular inspection and calibration plans for the machine. Manufacturers should provide training to the operator on a regular basis and for every software update. No matter how good the product of a company is, if the company lacks aftersales support, it could easily fall back in the competition.

Which region offers great potential for sales of gear measuring machines?

The North American and European regions are expected to dominate the global gear measuring machines market in terms of revenue, and the trend is projected to grow throughout the forecast period. South Asia and Oceania is an attractive market, expected to expand at a CAGR of more than 4% over the forecast period. Fact.MR forecasts the East Asia market to expand at a compound annual growth rate (CAGR) of close to 3.5% from 2021 to 2031.

Key Strategies Adopted by Market Players

Market players have a large R&D arm that focuses on a variety of activities that can aid in cost optimization, quality assurance, process reduction and enhancement, process monitoring, and system growth. Manufacturers are differentiating their brands by concentrating on supplying consumers with high-quality, tailored goods that suit their unique needs.

Key players such as Gleason and Klingelnberg provide a one-stop solution for gear inspection or measurement, which allows the inspection of different types of gears on a single machine. But the gear measuring machines from small players are not suitable for multiple types of gears, so for basic low volume gear inspection, smaller machines are good to go.

Moreover, companies are partnering with software solution providers to make the best out of these machines. Advancements in software technology reduce the complexity associated with the product and provide detailed analytics regarding the inspected element.

How is COVID-19 impacting the market landscape?

COVID-19 has had a negative impact on the manufacturing, demand, and supply of gear measuring machines across regions, as the market stepped on the demand brakes over the period of Q2 and Q3 of FY2020. Due to enforced lockdowns and full shutdowns in almost every country around the world, the pandemic had an adverse impact on the global economy.

The global economy is still in the woods, as the disease outbreak has created a lot of uncertainty among people, which has led to fewer investments and more cautious spending habits.

Enactment of lockdowns interrupted the entire supply chain and halted gear measuring machine production growth. Governments relaxed the lockdowns and travel restrictions in the third quarter of 2020, allowing businesses to resume production of gear measuring machines, but with reduced manpower due to social distancing requirements.

Companies are struggling to manufacture gear measuring machines by abiding with all governmental COVID-19-related norms regarding operations and manufacturing processes. However, the market is set to resuscitate completely by Q3 of FY2021.

gear measuring machines market competition by FactMR

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • China
  • Japan
  • South Korea
  • India
  • GCC
  • Turkey

Key Market Segments Covered

  • By Max
  • Working Diameter
  • By Permissible Test Gear Weight
  • By Application
  • By Region

Key Companies Profiled

  • Gleason Corporation
  • KLINGELNBERG
  • KAPP Werkzeugmaschinen GmbH.
  • Wenzel America Ltd
  • Osaka Seimitsu Kikai Co., Ltd.
  • Tokyo Technical Instrument, Inc.
  • Gearspect Group A.S.
  • Marposs S.p.A.
  • Hexagon
  • ZEISS International 
  • MDM Metrosoft S.r.l.
  • United Gear & Machine Company, Inc.
Customization & Pricing

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Key Segments of Market

  • Max. Working Diameter

    • <300 mm Gear Measuring Machines
    • 300-600 mm Gear Measuring Machines
    • 600-900 mm Gear Measuring Machines
    • 900 - 1200 mm Gear Measuring Machines
    • Above 1200 mm Gear Measuring Machines
  • Permissible Test Gear Weight

    • Below 50 Kg Gear Measuring Machines
    • 50 - 100 Kg Gear Measuring Machines
    • 100 - 250 Kg Gear Measuring Machines
    • 250 - 500 Kg Gear Measuring Machines
    • 500 - 750 Kg Gear Measuring Machines
    • 750 - 1000 Kg Gear Measuring Machines
    • Above 1000 Kg Gear Measuring Machines
  • Application

    • Gear Manufacturing
    • Automotive Manufacturing
    • Construction & Mining Equipment Manufacturing
    • Aviation Industry
    • Agriculture & Forestry Equipment Manufacturing
    • Industrial Equipment Manufacturing
    • Others
  • Region

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa (MEA)

Gear Measuring Machines Market- Scope of Report

A recent revised study by Fact.MR on the gear measuring machines market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of gear measuring machines.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing gear measuring machines, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

This revised study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the market across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of gear measuring machines during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The gear measuring machines market has been analyzed for each market segment in terms of volume (Units) and value (US$ Mn).

Market estimates at global and regional are available in terms of “US$ Mn” for value and in “Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global gear measuring machines market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on demand for gear measuring machines has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of gear measuring machines, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of gear measuring machines has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the gear measuring machines market.

- FAQs -

Gear measuring machines market to portray a modest growth of 3% CAGR across the 2021-2031 assessment period. High demand from automotive, gear manufacturing, and aviation sectors is anticipated to drive market growth.

The automobile industry will account for the maximum share in the coming future, influenced by growing demand for passenger cars in developing countries.

Prominent players manufacturing gear measuring machines include Gleason Corporation, KLINGELNBERG, KAPP Werkzeugmaschinen GmbH., Wenzel America Ltd., Osaka Seimitsu Kikai Co., Ltd., Tokyo Technical Instrument, Inc., Gearspect Group A.S., and Marposs S.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

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