Gear Skiving Machine Market Size, Share, Growth And Industry Analysis By Type (Workpiece Diameter Below 300mm, Workpiece Diameter 300-600mm, And, Workpiece Diameter Above 600mm) By Application (Automotive Industry, General Machinery Industry, Aerospace Industry, And, Other), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Gear Skiving Machine Market Report Overview

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The global gear skiving machine market size is anticipated to be worth USD 209.2 million in 2022 and is projected to touch USD 381.39 million by 2031 with a CAGR of 6.9% during the forecast period.

The gear skiving machine is a technique of power skiving. This is a combination of gear hobbing and shaping. This is accompanied with continuous hobbing along with axial feed. This performance is considered a high-performance technique. It is capable of high cutting speeds. Also, the number of teeth engaged is significantly more.

There many new techniques that are introduced every single day. The segregation of the gear skiving machines can be considered a new development. The two major types are: vertical gear skiving machine and horizontal gear skiving machine. This is considered as the latest trend in the global and United States gear skiving machine market.

Many factors are responsible for the development of the market. Gear skiving machines form an integral part of the general machinery industry. These machines are highly in demand in the automobile and general machineries industry. This product is highly versatile. These are considered as the factors driving the global and United States gear skiving machine market growth.

COVID-19 impact: Decline in the Demand for The General Machinery Industry Reduced the Market Growth

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

Gear skiving machines form an integral part of the general machinery industry. General machinery industry is a regular customer of the gear skiving machines. With the pandemic of COVID-19, the demand for general machineries dropped which negatively impacted the gear skiving market.

A gear skiving machine is primarily specialized that in producing gears. The production of gear involves the removing of materials from a work piece in order to create teeth. The materials are removed from the outer as well as the inner diameter of the work piece. Since the machine is equipped to produce gears, it is highly used in the machinery industry. When there was a decrease in the share of the machinery industry the gear skiving market also experienced a decline in its share.  

LATEST TRENDS

"Different Types of Gear Machines Performing Versatile Functions to Increase the Market Growth"

There are two main categories of gear skiving machines: They are vertical gear skiving machine and horizontal gear skiving machine. Both of them have different structures and perform different functions. The segregation of the gear skiving machines can be considered a new development.

A horizontal gear skiving machine removes the material directly from the surface of the workpiece. It mainly consists of a rotating cutter. These types of machines are classified depending upon the number of axes present. Whereas the vertical gear skiving machines removes the material from the surface of a gear blank. They help in creating internal and external gears and all the other types of precision components. As these machines are very versatile, they tremendously help in market growth.

Gear Skiving Machine Market Segmentation

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• By Type

The market can be divided on the basis of type into the following segments:

Workpiece Diameter below 300mm, Workpiece Diameter  300-600mm, and, Workpiece Diameter above 600mm. The Workpiece Diameter below 300mm segment is anticipated to dominate the market during the forecast period.

• By Application

Classification based on application into the following segment:

Automotive industry, general machinery industry, aerospace industry, and, other. The automotive industry segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Increasing Usage of Gear Skiving Machines in The Aerospace Industry to Fasten the Market Growth"

Aerospace industries use a lot of machines and equipments to function. Gear skiving machines are highly used in the aerospace market. This has greatly driven the market. This industry forms the main consumer base of the gear skiving market.

The main applications of gear machine in the aerospace industry include aircraft engine assembly, landing gear assembly as well as flight control system assembly.  Along with all of these the gear skiving machines help in the manufacturing of various other components like steering systems and hydraulic actuators. This has been one of the major factors propelling the market growth.

"The Use of Gear Skiving Machines in Automobile and General Machineries to Propel Market Growth "

Another important industry where these machines are highly in demand are the automobile and general machineries industry. This enlarges the market base for the product and drives the profit for the key industry players.

Engine manufacturing, drivetrain assembly, engine manufacturing, machine tool manufacturing, material handling equipment, and pump and valves manufacturing are the main areas where these machines are used. These reasons have together driven the market growth.

RESTRAINING FACTOR

"Difficulty In Operating the Machine to Decrease the Market Growth"

Gear skiving machines are equipments that are made up of several different components. These machines are highly complex. Handling these machines requires expertise and can sometimes become very difficult.

The difficulty in operating these machines can become a factor restraining the market growth. Finding skilled laborer to handle and operate these machines can become yet another challenge. The obsolete machines have to be replaced frequently in order to ensure their smooth functioning. This has declined the global and United States gear skiving machine market share

Gear Skiving Machine Market Regional Insights

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"Asia Pacific to Dominate Market Share in The Upcoming Years"

Asia Pacific predominantly owns the market share, during the forecast period. It approximately owns half of the market share. Asia pacific has many factors that propel the market growth. One of the main reasons that have created lucrative growth opportunities for the market is the presence of large number of gear skiving machine manufacturers. Asia Pacific is having developed a lot in the field of IOT in automotive market. This in turn has generated great demand for the global and United States gear skiving market.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Liebherr (Switzerland)
• Gleason (U.S.)
• TOYODA (Japan)
• FFG Werke (Germany)
• PITTLER (Germany)
• NACHI-FUJIKOSHI  (Japan)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.