Technavio, a leading provider of market research reports, has released its latest study on Gear Hobbing Machines Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The advent of 3D printing, or additive manufacturing, has transformed the manufacturing sector. This technology involves constructing products layer by layer, which allows for the creation of intricate geometries that are challenging or unfeasible with traditional methods. A key benefit of 3D printing is its efficient use of materials, which minimizes waste. While the initial investment in 3D printers can be high, this technology can lead to significant reductions in incremental unit costs over time. Consequently, there is a notable shift in manufacturing processes across industries such as automotive and aerospace, driven by advancements in 3D printing technology. These factors are contributing to market growth throughout the forecast period.
The global gear hobbing machines market size is estimated to grow by USD 83.2 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 2.09% during the forecast period. Growth in automotive industry is driving market growth, with a trend towards surge in automation However, growing second-hand machines market poses a challenge. Some of the key indutsry leaders include AEROMECH TECHNOLOGIES Pvt. Ltd., Bourn and Koch Inc., Brighton Equipment Corp., Chongqing Machine Tool Co. Ltd., DMG MORI Co. Ltd., DVS TECHNOLOGY GROUP, EMAG GmbH and Co. KG, Gleason Corp., Helios Gear Products, KLINGELNBERG GmbH, Liebherr International AG, LMT Tools GmbH and Co., Mitsubishi Heavy Industries Ltd., Monnier and Zahner AG, Premier Gear and Machining Inc., Reishauer AG, Star SU LLC, Swegon Group AB, UCAM Pvt. Ltd., and WTO Werkzeug-Einrichtung GmbH.
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Major Findings
The automotive industry is a major market driver due to its heavy reliance on machine tools for various vehicle systems, including steering, braking, and window mechanisms.
OEMs are focusing on expanding into emerging markets like China and India, where motorization is less developed compared to North America and Europe. This has led gear hobbing machine suppliers to ramp up production to meet the rising demand for passenger cars in these regions, thereby fueling market growth.
Grinding technology is crucial in gear manufacturing due to its ability to enhance gear quality and precision, with advancements leading to increased material removal, longer tool life, and improved machine stability.
The shift from traditional gear manufacturing methods like shaping and hobbing to advanced grinding techniques, driven by cost reduction and efficiency, is negatively impacting the market and is expected to restrain market growth during the forecast perio
The industrial machinery and supplies and components market encompasses businesses involved in the production of machinery and components for various industries, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Factors driving growth in this market include expanding industrial production in process and discrete industries, particularly in developing countries, and the increasing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.
The Gear Hobbing Machines Market is experiencing significant growth, fueled by the Growth in automotive industry. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The Gear Hobbing Machines market represents a significant business opportunity for manufacturers and suppliers. A key driver of market growth in the APAC region is the surge in drilling activities, particularly in unconventional reserves such as deepwater assets. Countries like China, India, and Indonesia are major contributors to the demand for offshore drilling equipment, which heavily relies on gears for its operations. Specifically, China is anticipated to play a significant role in the region's market expansion. These factors are expected to propel market growth in APAC during the forecast period.
Gear hobbing machines are essential manufacturing technology used for producing gears with external teeth. These machines employ the hobbing process, which involves the use of a hob, a preformed cutting tool, to shape the teeth on gear blanks. Feeding and indexing mechanisms ensure precise alignment and consistent tooth profiles. Splines and sprockets are common applications for gears produced using hobbing machines. The hobbing process supports the manufacturing of various types of gears, including spur gears, helical gears, and worm gears. Multi-tooth cutting and skew spindles enable the production of complicated gear designs with high precision. Hobbing machines are also used in the manufacturing of speed gearboxes and gear shaping machines. Cutting processes like grinding, milling, and broaching may be used in conjunction with hobbing to achieve the desired accuracy and finish. Gear hobbing machines cater to a wide range of industries, including automotive, aerospace, and power transmission, and are integral to the production of high-quality gears for various applications.
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