DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Gear Hobbing Machines Market 2017-2021" report to their offering.
The analysts forecast the global gear hobbing machines market to grow at a CAGR of 2.65% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global gear hobbing machines market for 2017-2021. To calculate the market size, the report considers the demand for gear hobbing machines from various key end-user industries.
According to the report, the automotive industry is a primary end-user of machine tools, especially gears. The growth of the gear hobbing machines market is largely dependent on automobile and automotive component production. After the global recession of 2008-2009, the resurgence of the global automobile industry paved the way for the growth of the global machine tools market.
Further, the report states that a serious threat that has been looming over the global gear hobbing machines market is the slowly growing second-hand machines market. The US and Europe witnessed the closing down of many manufacturing industries owing to high labor cost and strict pollution laws, which resulted in the increased availability of second-hand machines from these regions. Since the manufacturing industries have moved to APAC owing to low-cost manufacturing in the region, the second-hand machines from the US and Europe are also finding their way into the region, especially in countries such as China, India, and Pakistan.
Key vendors
- Mitsubishi Heavy Industries
- Gleason
- Liebherr
- Premier
- Aeromech Technologies
Market drivers
- Growth in automotive industry
- For a full, detailed list, view the full report
Market challenges
- Growing second-hand machines market
- For a full, detailed list, view the full report
Market trends
- Surge in automation
- For a full, detailed list, view the full report
Companies Mentioned
- Mitsubishi Heavy Industries
- Gleason
- Liebherr
- Premier
- Aeromech Technologies
- LMT Tools
- Bourn & Koch
- Samputensili
- Monnier + Zahner
- Strojimport
- Chongqing Machine Tool
- Zaozhuang Yi Xin Heavy Machine Tools
- EMAG
- VANGUARD
- WTO
- PRAEWEMA ANTRIEBSTECHNIK
- Felsomat
- Star SU
- KLINGELNBERG
- Koepfer America
- FFG Werke
For more information about this report visit http://www.researchandmarkets.com/research/kw9255/global_gear
