Gear Measuring Machines Market

Gear Measuring Machines Market Outlook (2022-2032)

The global gear measuring machines market is set to surpass a valuation of US$ 369.3 million in 2022 and further expand at a CAGR of 3.1% to reach US$ 499.7 million by the end of 2032.

Sales of gear measuring machines in automotive sector accounted for more than 25% of the global measuring machines market by the end of 2022.

Report Attributes	Details
Gear Measuring Machines Market Size (2021A)	US$ 359.9 Million
Estimated Market Value (2022E)	US$ 369.3 Million
Forecasted Market Value (2032F)	US$ 499.7 Million
Global Market Growth Rate (2022-2032)	3.1% CAGR
North America Market Share (2022)	~ 13.4%
North America Market Value (US$ Mn), 2022	US$ 49.5 Million
Europe Market Share (%), 2022	~33.6%
Europe Market Value (US$ Mn), 2022	US$ 124.2 Million
China Market Share (%), 2022	~12.1%
China Market Value (US$ Mn)	US$ 44.5 Million
Top 3 country Market Share (%)	~33.6%
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.

Sales Analysis of Gear Measuring Machines (2017-2021) Vs. Market Forecast Outlook (2022-2032)

Between 2017 and 2021, the gear-measuring machine market grew at a rate of 0.9% CAGR. Europe played a major role in influencing the increasing growth of the market. Europe had a market share of 33.6% in 2021.

However, in 2020, the market witnessed a slump due to the Covid 19 pandemic. This pandemic affected several industries across the world due to the travel restrictions and lockdowns imposed by governments globally. This led to the disruption of the global supply chain and as a result, the manufacturing of these machines was affected.

It is predicted that the gear measuring machines market will witness an increase in demand during the forecast period due to the increasing number of manufacturers and increasing focus of manufacturers on producing precise and fast measuring machines.

With innovations taking place in the automotive industry, machine parts are decreasing in size and becoming more compact. In order to stay relevant to the evolving trend, gear-measuring machines are also increasing their precision with the help of advanced technological integration. Improvement in the user interface of the inspection software is also playing a major role in driving the demand of the market.

The growing automotive and construction & mining equipment industries are key consumers of this market. The wind power generation industry is also considered a lucrative industry for this market. One of the issues faced by the market right now is the difficulty faced while inspecting gears that are more than eight meters in size.

• Short Term (2022 Q2 to 2025): Increasing the precision of the gear measuring machines will increase the sales of the device.

• Medium Term (2025-2028): Advancement in the field of IoT (Internet of Things) will majorly improve the market penetration of gear measuring machines
• Long Term (2028-2032): Improvement of technology to overcome the problems faced by end users such as the measurement of gears bigger than eight meters etc., will increase the demand of machines.

Over the 2017-2021 historical period, the global gear measuring machines market registered a CAGR of 0.9%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.1% CAGR between 2022 and 2032.

Market share analysis of gear measuring machines market based on application and region is provided in a nutshell in the above image. Under the application segment, the automotive manufacturing sub-segment will dominate with 28.7% market share in 2022.

What’s Driving Demand for Gear Measuring Machines?

“Automotive Industry Facilitating the Growth of Gear Measuring Machines Market”

The increasing number of private vehicles is unquestionably indicative of society's progress. With the growing world population, the number of automobiles, both commercial as well as personal has increased drastically and this has made a lasting impression on the gear demand industry across the world. As nearly 65% of the total gear demand market consists of automotive gears. The automotive manufacturing industry is expected to have the largest market share of 28.8% in the application segment.

With this increased growth in gear demand, market sales have noticed prominent growth which in turn, drives the market for gear measuring machines. Moreover, the expanding middle-class population in emerging economies is most likely to increase the demand for gear products from the customer's end, thereby spurring the sales of the gear measuring machine market.

“Technological Innovations to Increase Accuracy and Customer Satisfaction”

The gear measuring machine manufacturers are striving towards finding and implementing new ways to increase the level of accuracy for both smaller and bigger gear measuring machines. Also accuracy plays a major role in measuring the gears which are a major part of automobiles. The integration of advanced technology such as laser scanning for non-contact gear inspection and faster data collection is one of the recent developments in the gear measuring machines industry.

With constantly varying market requirements, gear measuring machine manufacturers always have to be on their toes to come up with the latest and relevant technologies for customer satisfaction and efficient production. These constant innovations in technology play the role of satisfying the needs of both manufacturers as well as customers as it makes the process of production as well as the usage of the product easier. Therefore it is considered as one of the factors driving the market for gear measuring machines.

What Factors Should Gear Measuring Machines Manufacturers Watch Out For?

“The High Cost of Measuring Software Increases the Overall Cost of the Gear Measuring Machines”

The gear measuring machines comes packed with various software packages and the cost of these software varies a lot based on the gear manufacturers' need. Design of customized software requires a lot of R&D which requires a lot of capital investment which in turn increases the cost of overall machines and as the level of accuracy increases, the cost of the end-use machine increases.

A recent development that the industry has witnessed is CMM (coordinate measuring machines) type inspection machines with gear inspection capability. The cost of CMM is far less than gear measuring machines and as a result, small manufacturers who require only basic gear inspection could opt for CMM, but CMM is not suitable for gear manufactures with higher production capacity as its accuracy level is a little questionable. The cost of a small CMM is about US $30,000, whereas that of bigger ones is usually between US $100,000 and US $250,000.

Since the small-time manufacturers are benefitting from this, we can expect an increase in production of local gear measuring machines which will in turn increase the market volume of the product and may sometimes help these manufacturers expand to foreign lands as well.

Country-wise Analysis

Will the Manufacturing Power of China Allow it to Control the Prices of Gear Measuring Machines?

China is the world's manufacturing hub and accounts for about 30% of the world’s manufacturing output, due to this feat, it can significantly influence the costs of several goods and devices sold across the globe. Due to the presence of several small and local manufacturers in China, the industry is moderately fragmented.

Furthermore, China is striving to find innovations to become the world leading manufacturer of gear measuring machines. The lower labor costs and availability of raw materials in abundance in China makes it feasible for several small manufacturers to survive in the market. China is expected to have a market share of 60.2% in 2022 in East Asia.

Due to the increasing tensions between China and the United States, sales could witness some negative impacts due to the introduction of additional charges and anti-dumping duties.

How is the Automobile Industry in Germany Benefitting the Gear Measuring Machines Market?

Germany is the world's 4th most technologically advanced country in the world and has the presence of one of the most gigantic automobile industries in the world, this plays a major role in contributing to the high demand for gear measuring machines in the country. Germany accounted for 30.4% of the overall demand in the European region in 2021.

Germany is Europe’s pioneer in the automotive market and has sold about 199,183 passenger cars in the first three quarter of 2022 which is a 3% rise when compared to the same time in 2021. Due to this, Germany is expected to be one of the highest demanding market for high-capacity gear measuring machines. The market value of Germany is expected to be US$ 51.7 Mn by 2032.

Category-Wise Insights

How is the Integration of Technology in Several Industrial Application Increasing the Demand for Gear Measuring Machines?

Technological advancement is the art of implementing technology to carry out tasks with more ease and efficiency in a short period of time. These changes give rise to higher labor and capital productivity. Urbanization and the rising global economy are leading the market to undergo a shift towards more complicated, advanced, and expensive machines for their betterment.

The developing technologies across the world have led to the launching of several products that contain intricate designs which have led to a requirement of adding a gear system inside. From the construction industry to the aviation industry and the agriculture industry, all the industries rely heavily on complex machinery that contains complex gear and gear assemblies for its smooth functioning. This increases the demand for gear measuring machines in the global market.

Which Industry Requires Which Working Diameter Gear Measuring Machine?

The most important factor that needs to be considered before purchasing a gear measuring machine is the maximum gear size that is to be measured. Automotive gears are complex and smaller in size and for this purpose, gear measuring machines with a maximum work piece diameter of 375 – 450 mm are preferred.

For heavy machinery and industrial applications, gear manufacturers prefer machines with a 1000 mm maximum work piece diameter since the gears used in these industries vary a lot in size.

Gears used in ships and wind turbines vary between 1500 – 3000 mm and hence the gear measuring machine should have a work piece diameter of more than 1200 mm.

Large gears require special care since controlling large masses involves parameters such as alignment, thermal stability safety, part centering, and customization, which requires a lot of accuracies.

Competitive Landscape

Major players in the gear measuring machines industry worldwide such as KAPP Werkzeugmaschinen, Gleason Corporation, KLINGELNBERG, GmbH., Osaka Seimitsu Kikai Co., Wenzel America Ltd., Tokyo Technical Instrument, Inc., etc are focusing on acquiring high market share by launching new technologically advanced products. With the focus now on increasing the efficiency of the product, manufacturers are finding ways to improvise their R&D department. This will enable manufacturers to stand apart from their competitors and increase their market penetration.

• Major manufacturers such as Klingelnberg and Gleason are providing a one-stop solution for gear measurement needs. This enables the inspection of various types of gears on a single machine.
• Companies are partnering up with several software companies to improve the software used in their machines as well as implement new software which will improve the machine's user experience.
• Gleason Corporation has a long-term plan to expand its operations to several manufacturing and assembly plants globally by 2022

Fact.MR has provided detailed information about the price points of key manufacturers of gear measuring machines positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report

Segmentation of Gear Measuring Machines Industry Research

• By Max. Working Diameter :

  • <300 mm
  • 300-600 mm
  • 600-900 mm
  • 900 - 1200 mm
  • Above 1200 mm

• By Permissible Test Gear Weight :

  • Below 50 Kg
  • 50 - 100 Kg
  • 100 - 250 Kg
  • 250 - 500 Kg
  • 500 - 750 Kg
  • 750 - 1000 Kg
  • Above 1000 Kg

• By Application :

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

• By Region :

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