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Gear measuring machines market sales grew at a modest rate in the period 2013-2018, and the modest growth is likely to continue during 2018-2028, according to a latest study by Fact.MR. Volume growth is likely to hover around 2.5% CAGR through 2028 equaling a market value in excess of US$ 500 Mn. The study finds that despite the fragmented nature of the market, top five players continue to collectively account for a revenue share of over 35%.
Highlighting the key demand drivers Wholesale Byron Scott Jersey , the study opines that buoyancy in the automotive industry will remain crucial to the overall growth of the gear measuring machines market. The Fact.MR study projects that demand for gear measuring machines from the automotive industry will account for 7 million worth of revenues by 2028.
Standards for gear geometry have been laid by regulatory bodies which have been impacting the gear measurement market. Standards laid by various associations including AGMA, ISO, JIS and DIN apropos to gear development have indirectly influenced the manufacturing of gear measuring machines, designed as per gear geometry. For instance Cheap Julius Randle Jersey , AGMA (American Gear Manufacturer’s Association) has announced new standards for hypoid and bevel gear geometry – ANSIAGMA ISO 23509-B17. Manufactures of gear measuring machines are required to design equipment with parameters that are in alignment with such standards in order to make gear measuring machines compatible with the workpiece.
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gear measuring machines market report covers an in-depth segmentation covering all vital aspects of gear measuring machines. The gear measuring machines market is segmented on the basis of max workpiece diameter, sales channel, application and region. The gear measuring machines with respect to max workpiece diameter are classified into less than 650 mm, 650-1500 mm and more than 1500 mm.
<650 mm gear measuring machines segment is estimated to account for the largest volume sales by capturing almost two-thirds of the total volume growth by 2028. As automotive gears are usually smaller and complex in size Cheap Brandon Ingram Jersey , gear measuring machines with <650 mm workpiece diameter are highly sought-after in the automotive sector.
Fact.MR research shows that Europe is expected to continue its dominance in the gear measuring machines market, while capturing almost one-third of the total volume share by 2028. In particular, the region presents a substantial demand for <650 mm gear measuring machines owing to the presence of prominent automakers. By 2028, APEJ is estimated to follow the trail with over 23% of total volume sales where Greater China captures almost 55% of APEJ volume sales. The steady growth of the automotive industry and significant investments in electric car manufacturing are prime factors driving the market growth in Greater China.
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