Gear grinding is one of the final machining processes which is used while manufacturing a high-precision gear. The main purpose of the gear grinding machines is to remove any material the remaining the thousandths of an inch while manufacturing methods like hobbing and gashing. The use of these machines has increased significantly, thanks to the increasing number of manufacturing units. In addition, the rising focus of customers on the precision of work is likely to accelerate the growth of the overall market in the coming few years.
On the other hand, the high cost of machines is one of the key factors anticipated to restrict the growth of the overall market in the next few years. Nevertheless, gear grinding has become the technique of choice in the case of fully hardened steels; however, it may be comparatively difficult to maintain the heat-treat distortion of a gear within the required and acceptable limits. Thus, the market is likely to register a healthy growth rate in the near future.
Rising Number of Manufacturing Units to Encourage Market Growth
On the basis of product types, the global market for gear grinding machine has been classified into universal gear grinding machine, internal gear grinding machine, and others. Furthermore, on the basis of application, the market has been segmented into general mechanical industry, vehicle industry, and others. The increasing number of applications and the technological advancements in machines are anticipated to encourage the growth of the global gear grinding machine market in the next few years.
The global market for gear grinding machine has been classified on the basis of geography into Europe, North America, South America, the Middle East and Africa, and Asia Pacific. Among these regions, North America is expected to account for a large share of market in the next few years. The high growth of this segment can be attributed to the presence of several companies and the willingness to adopt advanced technologies. Furthermore, with the rising number of manufacturing companies, Asia Pacific is expected to witness substantial growth in the coming few years.
Click here to get a FREE sample report in your inbox : https://www.qyresearchreports.com/sample/sample.php?rep_id=1644872&type=S
Technological Advancements to Help Manufacturers Expand their Product Portfolio
The competition in the global gear grinding machine market is expected to remain stiff in the next few years. The presence of several players operating in the gear grinding machine market is likely to generate promising growth opportunities. Some of the key players operating in the gear grinding machine market are Qinchuan, Gleason, ZDCY, TMTW, Holroyd Precision, EMAG, Liebherr, MHI, Kapp Werkzeugmaschinen, Kanzaki (Yanmar), Chongqing Machine Tool, Samputensili, FFG Werke, Reishauer, and Klingelnberg. These players are focusing on research and development activities in order to launch new products and attract a large number of customers. In addition, the use of advanced technologies for manufacturing gear grinding machines is anticipated to benefit the manufacturers of the global market in the next few years.