Gear Measuring Machines Market: Online Sales Growing yet Direct Sales Reign Supreme

Posted on 2019-07-03 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-03 — /EPR Network/ — 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%.

The report on gear measuring machines market is a comprehensive compilation of key facets circling the gear measuring machines marketplace. Various key aspects influencing the demand and sales of gear measuring machines, such as drivers, restraints and trends, are covered in the gear measuring machines market report. The gear measuring machines market report offers vital insights on the use of gear measuring machines across various industrial applications along with regional assessment. Historical data, current gear measuring machines demand scenario and future projections on sales of gear measuring machines is provided in the gear measuring machines market report.

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Gear Measuring Machines Manufacturers Focusing on Leveraging Opportunities in Asia Pacific

Automotive industry continues to play a significant role in driving the demand for gear measuring machines on the back of rising adoption of automotive gears in vehicle manufacturing. Automotive gear manufacturers make use of gear measuring machines, either with direct purchase or using third party inspections, to ensure accurate gear geometry and compatible gear structure and surface. Increasing production of vehicles and growing number of vehicle parc is likely to have a positive influence on the demand and sales of gear measuring machines, in turn contributing to their market’s growth. Rise of vehicle manufacturing, particularly in the emerging economies of Asia Pacific, such as India and China, is expected to offer potential avenues of growth of gear measuring machines manufacturers in the forthcoming years.

The metal and mining industry follows the automotive industry in generating the second largest demand for gear measuring machines while accounting for almost one-fifth of the total volume growth in 2018. Steady growth in the mining industry against the backdrop of advanced technology continues to seek heavy duty and durable gears in mining equipment. In addition, as gearbox forms the basis of agricultural machinery and wind turbines, demand for gear remains significant in these sectors. The wind power generation sector is actively exploring magnetic gears to achieve low maintenance, reduced acoustic noise and increased reliability for extensive and durable applications.

The gear measuring machines market report includes analysis on various key players involved in the manufacturing and distribution of gear measuring machines. Key facets of players such as SWOT analysis, product portfolio, key developments, mergers and acquisitions and expansion strategies are included in the report. The gear measuring machines market report has profiled companies including but not limited to Gleason Corporation, Klingelnberg AG, KAPP Werkzeugmaschinen GmbH, and Mahr GmbH.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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