Eastern Asia: Gear Cutting Machine Market 2025

Gear Cutting Machine Market Size in Eastern Asia

The East Asian gear cutting machine market contracted remarkably to $X in 2021, reducing by -60.7% against the previous year. In general, consumption recorded a perceptible decrease. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Gear Cutting Machine Production in Eastern Asia

In value terms, gear cutting machine production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 2.1% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Gear Cutting Machine Exports

Exports in Eastern Asia

In 2021, gear cutting machine exports in Eastern Asia surged to X units, rising by 80% against the year before. Overall, exports enjoyed a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gear cutting machine exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan represented the major exporter of gear cutting, gear grinding or gear finishing machines in Eastern Asia, with the volume of exports recording X units, which was approx. 85% of total exports in 2021. It was distantly followed by China (X units), generating a 12% share of total exports.

Japan was also the fastest-growing in terms of the gear cutting, gear grinding or gear finishing machines exports, with a CAGR of +4.0% from 2012 to 2021. China (-8.1%) illustrated a downward trend over the same period. Japan (+17 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -17.4% from 2012 to 2021, respectively.

In value terms, Japan ($X) remains the largest gear cutting machine supplier in Eastern Asia, comprising 73% of total exports. The second position in the ranking was taken by China ($X), with a 10% share of total exports.

In Japan, gear cutting machine exports contracted by an average annual rate of -8.0% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, with a decrease of -24.4% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while Japan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%).

Gear Cutting Machine Imports

Imports in Eastern Asia

In 2021, after four years of decline, there was significant growth in overseas purchases of gear cutting, gear grinding or gear finishing machines, when their volume increased by 37% to X units. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 520% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, gear cutting machine imports surged to $X in 2021. Overall, imports, however, continue to indicate a pronounced reduction. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X units), Taiwan (Chinese) (X units) and Japan (X units) was the key importer of gear cutting, gear grinding or gear finishing machines in Eastern Asia, achieving 98% of total import. China (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +39.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Eastern Asia, comprising 76% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.4% share of total imports. It was followed by South Korea, with a 7.7% share.

In China, gear cutting machine imports contracted by an average annual rate of -1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-6.0% per year) and South Korea (-7.3% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, waning by -3.7% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 412%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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