Gear Inspection Machines Market Size, Share, Growth, And Industry Analysis by Type (For Small Gears and For Medium and Large-sized Gears) by Application (Automotive, Aerospace, Machinery and Others), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast To 2031

Updated On: 20 November 2023

Gear Inspection Machines Market Report Overview

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The global gear inspection machines size was USD 869.9 million in 2022 and is expected to reach USD 1259.78 million in 2031, exhibiting a CAGR of 4.2% during the forecast period.

Gear feature data is collected using gear inspection equipment for a variety of gear types, including spur gears, bevel gears, helical gears, internal and external gears, etc. Inspection and inspection of the teeth profile, pitch circle diameter, module, and surface roughness are some of the aspects. Gear measuring machine are used in a variety of industries, including mining, agriculture, aviation, and the automotive and transportation industries. The need for gear measuring machines rises as a result of the need for complex gears and gear assemblies in these sectors.

As a consequence of the expanding technical developments in the automobile sector, manufacturers of gear inspection machines are being driven to produce upgraded product lines with greater inspection capabilities and shorter cycle times. Manufacturers are setting up and establishing manufacturing facilities in the Asia Pacific area due to its economic growth. The requirement for fuel-efficient automobiles and changes to transmission systems would need the use of sophisticated gears to ensure smooth operation. High demand for motor vehicles and other manufacturing output is being caused by an expanding economy And Industrialization, Which Is Boosting The Gear Inspection Machine Market Share.

Covid-19 Impact: Government-Imposed Travel Bans And Lockdowns Hampered The World's Supply Chain

The global COVID-19 pandemic has been unprecedented and staggering, with gear inspection machines experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Since the beginning of 2020, most countries have closed their borders and placed restrictions on travel in an effort to control the coronavirus (COVID-19) pandemic, which has impeded international trade and tourism. This temporarily decreased demand for gear inspection machines by disturbing the supply chains for the market as a result of the unpredictability of the global economy and capital markets. Furthermore, it has been estimated that between 60 and 75 percent will come from the main segment of the medical device industry, which comprises, among other things, imaging machine, dental care tools, and surgical items. The growth rate will be constant or much lower in 2020 and the first few quarters of 2021. The pharmaceutical industry, on the other hand, has benefited from the pandemic, with a steady increase in the manufacturing of nasal drug delivery machine and an increasing focus on vaccine research leading to increase in gear inspection machine market growth.

Latest Trends

"Growing Wind Energy Consumption And The Application Of Cutting-Edge Technology In Gear Inspection Machines Are Driving Up Market Size"

The wind power business is expanding quickly because to the gear inspection machine' incorporation of cutting-edge technology. The gear teeth of wind turbine rotor blades are measured using gear inspection equipment. For the quality monitoring of wind turbine rotor blades, the precision of these equipment is crucial. The wind power sector is able to achieve improved precision and quality control thanks to the use of cutting-edge technology in gear inspection equipment. The global wind energy market is expanding quickly. Some of the top nations in this sector include the US, China, Germany, and India. In 2018, there were about 600 GW of wind energy installations worldwide. The US, China, and Germany were the countries with the most wind power installed capacity. In 2018, the installed wind power capacity in the US reached close to 100 GW.

Gear Inspection Machines Market Segmentation

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• By type

Depending on gear inspection machines given are types: For Small Gears and For Medium and Large-sized Gears. The Small Gears type will capture the maximum market share through 2028.

• By Application

The market is divided in Automotive, Aerospace, Machinery and Others based on application. The global gear inspection machines market players in cover segment like Automotives will dominate the market share during 2022-2028.

Driving Factors

"Expansion Of The Gear Inspection Machines Market Is Being Driven By A Rise In Worldwide Vehicle Manufacturing"

The demand for gears is primarily being driven by reasons such as increased industrial output, rising economic growth, and a shift in products that favors more energy-efficient components. The largest user of gears is the automobile sector. The demand for gears in the automobile transmission systems market is anticipated to increase significantly over the course of the forecast period. The automotive sector is rapidly changing as new technology and innovations push the sector toward increased productivity and competitiveness. As a result, the automobile sector has become a significant user of gears. The automobile sector is expanding quickly. During the projection period, the automotive sector will see a large increase in the need for gears inspection machines.

The market for gear inspection machines is being driven by the rise in vehicle manufacturing on a global scale as well as the quickening of industrialization everywhere. With the introduction of cutting-edge materials and innovative technology, the automobile industry is going through a significant shift. There has been a significant transition from manual to automated machinery in the automobile sector. In the automotive sector, the manufacture of electric and hybrid cars is advancing quickly. The demand for electric and hybrid cars has quickly grown during the last several years. Due to the fact that gear inspection machine is used to assess the performance of gear components used in electric and hybrid cars, there has been an increase in demand for these machines. Additionally, the production model known as Sector 4.0 is being used in the car industry. The idea of "Industry 4.0" emphasizes the application of cutting-edge technology within the manufacturing process. This covers the application of big data, AI, Industry 4.0, and the Internet of Things in the manufacturing process.

"growth of solar and wind energy choices is another factor driving demand for gears in the global market                                                                                                    "

The development of solar and wind energy sources is another important element boosting the need for gear inspection machine market growth globally. To operate at their best, these alternatives need regular maintenance and efficient lubrication. Gear oils are projected to be in high demand in wind turbines and other solar power plants since renewable energy sources offer a sustainable and environmentally friendly way to fulfil the world's growing energy needs. Gear oil consumption is skyrocketing across the board in the automobile sector. Because automatic gearbox systems provide so many benefits, including increased comfort, safety, and fuel efficiency, the car industry is moving in that direction. The need for gear inspection machine is projected to increase as automated transmission systems become more widely used.

Restraining Factors

"Higher Initial Cost Along With Uncertain Demand Restrict Manufactures From Mass Production Of Gear Measuring Machines Is The Main Impediment To Market Expansion"

The biggest barrier to market expansion is the high production cost of the equipment. Gear inspection machines are expensive overall, and the high cost of production and maintenance limits market growth. The significant risk of machine exposures has a detrimental effect on the market expansion for gear inspection machines. This factor is predicted to provide a challenge for the gear inspection machine market size for gear inspection machines throughout the course of the forecast year.

Gear Inspection Machines Market Regional Insights

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"European Regions Are Anticipated To Lead The Global Market For Gear Inspection Machines"

Germany has a large automobile sector, which, together with the population's rising disposable income, is driving up demand for gear inspection equipment there. More than 30% of the total demand in the European area comes from Germany. Furthermore, Germany is the largest automotive market in Europe, accounting for more than 24% of all passenger car sales in the continent. As a result, Germany is one of the markets with the greatest potential for high voltage gear inspection equipment. Over the following 10 years, the market is anticipated to grow by 66 BPS.

The pricing of the majority of items sold worldwide are significantly impacted by China, which produces more than 28% of all manufactured goods worldwide. Since there are many small manufacturers in China, the gear inspection machines market is still only slightly fragmented. Additionally, China will strengthen its position as the world's top producer of gear inspection equipment. Small enterprises may thrive and flourish in this industry more easily in China thanks to the availability of raw materials and reduced labour prices. However, the imposition of such fees and anti-dumping levies would follow rising tensions between China and developed economies like the United States.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Gleason (U.S.)
• Zeiss (Germany)
• Kapp Niles (Germany)
• Marposs (Italy)
• Klingelnberg (Switzerland)
• Mahr GmbH (Germany)
• Tokyo Technical Instrument (Japan)
• WENZEL Metrology (Germany)
• Osaka Seimitsu Kikai (Japan)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.