Business

Gear Measuring Machines Market is on Course to Grow at a CAGR of 3% During the Forecast Period 2021-2031

Gear Measuring Machines Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Gear measuring machines are instruments that are designed for the measurement and inspection of picth, lead, and profile to ensure quality and performance of the gears manufactured. Furthermore, due to advancing technology, gear measuring devices are now capable of providing the user with meaningful measurements and insights of the inspected gear. Gear measuring machine manufacturers are constantly trying new ways to increase the throughput and level of accuracy for both, smaller and bigger gears. Integration of advanced technology such as laser scanning for non-contact gear inspection and faster data collection is one of the examples of recent changes in gear measuring machines.

Click HERE To Get A SAMPLE (Including Full TOC, Table & Figures) At- https://www.factmr.com/connectus/sample?flag=S&rep_id=2062

Continuously varying market requirements urge gear measuring machine manufacturers to come up with relevant technologies for customer satisfaction and efficient production. Constant innovations in technology are, therefore, one of the factors driving the global market for gear measuring machines.

As per the revised report by Fact.MR, the global gear measuring machines market is anticipated to reach a valuation of around US$ 486 Mn in 2031, expanding at a CAGR of approximately 3% over the next ten years.

Need More Information About Report Methodology? Click Here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=2062

Key Takeaways from Market Study

  • The market is anticipated to add 1.3X value in 2031 as compared to 2021.
  • The above 1200 mm segment of gear measuring machines captures a major chunk of the market, equivalent to 37% of the total market share.
  • South Asia & Oceania is the fastest-growing region in the gear measuring machines market.
  • Europe will dominate market revenue in 2031, but is expected to lose 21 BPS in its market share over the next ten years.
  • The aviation industry, as an end user, is anticipated to gain around 82 BPS by 2031.
  • Use of gear measuring machines in automotive manufacturing is anticipated to lose around 44 BPS by 2031.
  • The market in both, Germany and the U.K. is expected to progress at a CAGR of more than 3% through 2031.
  • The U.S. market is projected to expand at a CAGR close to 3% over the next ten years.
  • Due to the COVID-19 pandemic, demand was hit, and the market witnessed a growth rate of -3.9% in 2020, with things likely to come back to normal by the second half of 2021.

Full Access Of This Exclusive Report Is Available At- https://www.factmr.com/checkout/2062/S

“Manufacturers of gear measuring machines need to provide a one-stop solution to customers to stay ahead of the competition,” says a Fact.MR analyst.

Who is Winning in this Space?

The global market is highly competitive in nature, and is thriving on key players. Manufacturers are investing in R&D in order to create highly efficient product models. Introduction of non-contact gear inspection by combining laser technology with gear measuring and manufacturing machines with micron-level accuracy in a shorter period of time is improving the scope of market players. This innovative non-contact method has opened the door to a new way of viewing gear tooth defects, deviations, and measurements.

Furthermore, it has been observed that, rivalry among competitors is moderate, and key players are dominating their domestic markets. Higher switching cost along with specific features provided by manufacturers are keeping the competition level moderate.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com

Back to top button