Gear Grinders Market REPORT OVERVIEW
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The global gear grinders market size was USD 1018 million in 2022 and market is projected to touch USD 1390.11 million by 2031, exhibiting a CAGR of 3.5% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with it experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Gear grinding is one of the final steps of producing the gears. It involves the removal of unnecessary materials which are small in size through an abrasion process. This is done by rubbing a rough surface against a piece of metal at high speeds. It is a process that scrapes away the materials that should not be on the gear. The basic methods for gear grinding are form grinding (non-generating) and generation grinding. Form grinders use a disc wheel to grind both sides of the space between two gear teeth. They have an involute form dressed into the side of the wheel; a generating grinding wheel, on the other hand, is straight-sided.
The choice of abrasive is key in the production of high-quality gears. The production increases the production of vehicles and other machinery products also as they play an important role in automobile industry for vehicle production. Numerous techniques are tried and implemented to improve the process of gear grinding. This facilitates the growth of the market.
COVID-19 Impact: Adoption of Work-From-Home Hampered the Market Growth
The effects of the COVID-19 pandemic are already being felt on a global level, the market is significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, various industries were impacted and this industry was one of them. Halt on the production activities of machinery affected the demand in the market. Pandemic led to the adoption of the work-from-home and this affected the demand for the product. As the spread of infection, there was a demand for work from home which negatively affected the demand for the product and affected market growth.
LATEST TRENDS
"Improvement in Technology to Increase Production"
The gear grinders market growth is anticipated to boost owing to new product launches by market players. Various market players have been launching new and advanced technology that have improved capabilities. Necessary steps have been taken by the manufacturers that enable consumers to have a gear grinder with smooth teeth. These are finishing machines that use a grinding wheel rotating at high speed to grind the surface of the gear (workpiece) teeth. Continuous generation grinding uses a tool (grinding worm) with a different profile than the gear teeth and performs grinding by moving the workpiece and grinding worm relative to one another. New launches by leading market players are expected to pose an opportunity for the market growth during the forecast period.
Gear Grinders Market SEGMENTATION
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- By Type
Based on type; the market is divided into Internal, universal and the others.
Internal gear grinders are the leading part in the type segment.
- By Application
Based on application; the market is divided into Vehicle industry, General mechanical industry and the others.
Vehicle industry is the leading part in the application segment.
DRIVING FACTORS
"Innovative Gearless Planetary to Create Opportunities in the Market"
The gear grinders market share is anticipated to boost owing to prompt usage of innovative technology such as gearless planetary. The technology is used for acoustic sensing for alignment of dressing diamonds, and LNS low noise shifting, a feature that produces a random surface structure on the teeth to prevent excitation. Convenient location for the setup of the dressing unit, ergonomic ease of wheel change, and almost unlimited restriction of the gear location on the shaft or arbor allows the machinery to provide maximum machine uptime. This is anticipated to drive market growth for the product.
"Precision of the Product to Increase Production"
The technology of gear grinders is used to smoothen and sharpen the machines as the last step of producing gears. They can be used to remove all the small particles that are unnecessary with high accuracy. The increasing demand for these finished products for industrial purposes drives the gear grinders market.
RESTRAINING FACTORS
"Growing Health Problems to Impede Market Growth"
Highly dangerous silica dust that is released from the wheels of the gear grinding machine while grinding materials such as sand casting can be proven harmful for human health. The dust produced by the machine can severely affect the lungs. There are certain resin-bonded wheels that may contain fillers which create dust. In addition to this, formaldehyde-based resins can emit formaldehyde during grinding.
People with pre-existing respiratory problems are seen to be mostly affected by this process. Small metallic particles that are released during this process can contact the eyelids, thus entering the eyes. Dust, abrasives, grains, and splinters are common hazards to the eyes in all dry-grinding operations. This is expected to affect the demand for gear grinders due to the awareness of health problems. These factors restrict the global market growth.
KEY INDUSTRY PLAYERS
"Market Players to Work on Technological Advancements in Order to Sustain in the Market"
The report provides information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
Gear Grinders Market REGIONAL INSIGHTS
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"North America to Dominate Market Owing to Fast Consumption of the Product"
North America holds the largest part of the gear grinders market share due to fastest consumption of the gear grinders in the region. The demand for the product is attributed to the increasing number of machines and the assembling of vehicles by the automobile industry also. Increasing number of start-ups and business expansion is anticipated to grow. Owing to globalization, presence of multinational companies in the region is expected to boost market growth in the region. Growth in the establishment of various manufacturer companies is anticipated to facilitate the market growth in the region.
List of Market Players Profiled
- Reishauer (Wallisellen, Switzerland)
- Kapp Werkzeugmaschinen (Coburg, Germany)
- Gleason (New York, U.S.)
- Klingelnberg (Zurich, Switzerland)
- Samputensili (Emilia-Romagna, Italy)
- Liebherr (Bulle, Switzerland)
- Kanzaki (Yanmar, Japan)
- EMAG (Salach, Germany)
- FFG Werke (Baden-Wurttemberg, Germany)
- Chongqing Machine Tool (Chongqing, China)
- MHI (Tokyo, Japan)
- ZDCY (Hunan, China)
- Qinchuan (Shaanxi, China)
- Holroyd Precision (Rochdale, U.K.)
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of 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, shares, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1018 Million in 2022 |
Market Size Value By |
US$ 1390.11 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the gear grinders market expected to touch by 2031?
The global gear grinders market is expected to reach USD 1390.11 million by 2031
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What CAGR is the gear grinders market expected to exhibit by 2031?
The gear grinders market is expected to exhibit a CAGR of 3.5% by 2031.
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Which are the driving factors of the gear grinders market?
Drivers of this market are gearless planetary and demand for machines.
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Which are the top companies operating in the gear grinders market?
Reishauer, Kapp Werkzeugmaschinen, Gleason, Klingelnberg, Samputensili, Liebherr, Kanzaki (Yanmar), EMAG and FFG Werke, Chongqing Machine Tool, MHI, ZDCY, Qinchuan, Holroyd Precision and the others are key companies operating in the market