About Gear Honing Machines
Honing is a type of abrasive mechanism or process where metal work-piece is subjected to abrasive grinding to provide it better surface performance as well as better geometrical form. Gear Honing Machine is a equipment which works on the honing principle and is primarily used in automotive as well as in manufacturing of industrial machinery. By types of gears, the market can be segmented under helical, bevel, spur, and other types of gears, with bevel being the most popular. On basis of configuration gear honing machines are available in two types which are horizontal and vertical gear honing machines. Geographically, North America and Asia Pacific account for significant portions of the gear honing machines market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
Growing demand for metal working applications such as honing operations has led to surge in demand for gear honing machines. Rapid industrialisation in developing countries and growth in automotive industry has also led to the growth of the gear honing machines market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Gear Honing Machines market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nagel Maschinen- und Werkzeugfabrik GmbH (Germany), Gleason Corporation (United States), RACL Geartech Limited. (India), Gehring Technologies GmbH (Germany), Toyo Advanced Technologies Co., Ltd. (Japan), DVS TECHNOLOGY GROUP (Germany), KANZAKI KOKYUKOKI MFG. CO., LTD. (Japan), Ningxia Zhongwei Dahe Machine Tool Co., Ltd. (China), Wendt GmbH (Germany) and Pemamo Sa (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Gear Honing Machines market by Type (Horizontal Honing Machine and Vertical Honing Machine) and Region.
On the basis of geography, the market of Gear Honing Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Gear Honing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Automotive will boost the Gear Honing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gear Type, the sub-segment i.e. Spur Gears will boost the Gear Honing Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Automotive Industry Accounts for Largest Market Share
Market Growth Drivers:
Growth in the Automotive Industry had led to the Growth of the Gear Industry and Rapid Industrialisation has led to Growing Demand for Abrasive Metal Working and Honing Applications
Challenges:
Presence of Large Number of Players
Restraints:
High Cost of Setup
Opportunities:
Innovation in Efficiency Required to Attain a Market Edge
Market Leaders and their expansionary development strategies
In 2017, Reishauer Holding AG acquired N Gleason Corporation, a leading manufacturer of gear honing and finishing machines. This acquisition strengthened Reishauer's position in the global market for gear manufacturing solutions.
In September 2023, GHM launches are limited, manufacturers like Reishauer and Samput-Reishauer consistently announce advancements and upgrades to their existing GHM models. These advancements might involve improved automation, increased precision, or expanded capabilities for specific gear types.
Key Target Audience
Gear Honing Machines Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.