Market Definition / Research Scope
Gear honing machines are devices that promote ease of operation to enhance the features of rough surfaces. Also, a gear honing machine is mostly used to enhance the geometric texture of a surface by smoothing a rough stone against it. It is also used to fix dimensional mistakes resulted in the heat treatment process.
There are two types of gear honing machines, and they are horizontal honing machines and vertical honing machines. Horizontal honing machines are mainly used for medium and small size groups for speed, precision, and convenience. A vertical honing machine is a vertical spindle drive device mostly used for honing small to large bore administrations.
Gear Honing Machines Market size shall reach a value of $x Million in 2031, growing with a CAGR of 10.3% during the forecast period of 2022 to 2031.
Gear honing machine is majorly used in aerospace, automotive, truck, and heavy equipment industries. They are used for designing elements for vehicle transmission, such as manual, automatic, or dual-clutch styles. This is done to lessen friction by increased gear effectiveness in addition to a smoother process. Gear honing machine is an adequate tool for any application where reliable and quiet gearing is required.
Gear Honing Machines Market Growth and Trends
Driving factors for the Industry :
• Gear honing is an abrasive machining process which is extensively use in manufacturing and designing of the components or equipment’s which are required for a vehicle transmission including automatic, manual, dual clutch structure in order to reduce friction by implementation of high efficient gear system. This is one of the major factors for the high demand for these honing machines in automotive, construction etc. fields in various industry sectors and thereby augmenting the demand and growth of the gear honing machines market.
• Growing demand of gear honing machines in a wide range of end-use industries like aero space and defence, automobile, heavy industries construction, railway, mining and cement owing to their high reliability robust ness and durability, thereby boosting the growth and demand of the global gear honing market rapidly.
• Rapid industrialization and rising growth of the automobile industries due to high standards of living style of consumers with disposable income, preferring the usage of personal cars, truck, buses etc. this in turn greatly increase the demand for the global gear honing market within fore casted time period.
• These gear honing machines are significantly demanded in the making of gear teeth to reduce roughness and friction from a surface ensuring smooth transmission. This in turn is expected to accelerate the demand and growth of the global gear honing market within a short time period.
• Increasing demand for cars, wind turbines, heavy machinery, ship building etc. is expected to increase the growth and demand of the global gear honing market in the near future.
Challenges for the Industry :
• Rapid increase in the usage of plastic and other fibre made product because of their low-price reasons, is expected to hamper the global gear honing market in the next few years.
• High installation and maintenance cost associated with the equipment and devices is yet another major factor luring the demand for gear honing machines which in turn hamper the growth and demand of the global gear honing market.
Gear Honing Machines Market Regional Analysis
North America will hold a major share of the revenue and to dominate the market because of the high adoption of advanced technology and increase in the demands from the aerospace industries, automobile, construction, mining, and heavy industry. Asia Pacific region, mainly countries like China, Japan, India, and Australia, are expected to hold a significant share in the global market because of the increased usage in the Gear Honing Machines to remove the surface’s rigidity. Middle East countries like Qatar, Kuwait, and Israel are also growing and contributing because of the high demand for cars, ships, and turbines.
Gear Honing Machines Market Share and Competition
Key companies operating in this industry are: NAGEL Maschinen - und Werkzeugfabrik GmbH, Daetwyler Fässler, Toyo Advanced Technologies Co., Ltd., RACL Geartech Limited, Gleason Corporation, KANZAKI KOKYUKOKI MFG. CO., LTD., Baoji Zhongcheng Import & Export Co., Ltd., DVS TECHNOLOGY GROUP, Gehring Technologies GmbH, Sunnen Products Company, Ningxia Zhongwei Dahe Machine Tool Co., Ltd., Machine Tools (India) Limited, and PEMAMO SA. Similar industries in this domain that is growing at a high CAGR include Marine Steering Gear Systems Market and Bevel Gear Market.
Gear Honing Machines Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Machine Type Analysis (Revenue, USD Million, 2022 - 2031)
• Horizontal Honing Machine
• Vertical Honing Machine
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Vehicles
• Industry
• Special Equipment
Gear Type Analysis (Revenue, USD Million, 2022 - 2031)
• Spur Gears
• Helical Gears
• Gear Rack
• Miter Gear
• Worm Gear
• Bevel Gear
• Internal Gear
Industry Analysis (Revenue, USD Million, 2022 - 2031)
• Automotive
• Aerospace & Defense
• Industrial
• Railway
• Mining
• Construction
• Power generation
• Others
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Gear Honing Machines Market Companies
• NAGEL Maschinen - und Werkzeugfabrik GmbH
• Daetwyler Fässler
• Toyo Advanced Technologies Co., Ltd.
• RACL Geartech Limited
• Gleason Corporation
• KANZAKI KOKYUKOKI MFG. CO., LTD.
• Baoji Zhongcheng Import & Export Co., Ltd.
• DVS TECHNOLOGY GROUP
• Gehring Technologies GmbH
• Sunnen Products Company
• Ningxia Zhongwei Dahe Machine Tool Co., Ltd.
• Machine Tools (India) Limited
• PEMAMO SA
Available Versions: -
United States Gear Honing Machines Market Research Report
Europe Gear Honing Machines Market Research Report
Asia Pacific Gear Honing Machines Market Research Report
India Gear Honing Machines Market Research Report
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