Report Update Nov 1, 2024

Northern America - Gear Cutting, Gear Grinding or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Northern America

The North American gear cutting machine market dropped slightly to $X in 2021, stabilizing at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Gear Cutting Machine Production in Northern America

In value terms, gear cutting machine production declined slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Gear Cutting Machine Exports

Exports in Northern America

In 2021, shipments abroad of gear cutting, gear grinding or gear finishing machines decreased by -1.8% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, gear cutting machine exports rose significantly to $X in 2021. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, resulting at X units, which was approx. 97% of total exports in 2021. Canada (X units) followed a long way behind the leaders.

Exports from the United States decreased at an average annual rate of -6.8% from 2012 to 2021. At the same time, Canada (+21.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +21.4% from 2012-2021. Canada (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -2.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest gear cutting machine supplier in Northern America, comprising 99% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -8.3%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, increasing by 8.6% against the previous year. In general, the export price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 42% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.6%).

Gear Cutting Machine Imports

Imports in Northern America

Gear cutting machine imports rose significantly to X units in 2021, with an increase of 14% on 2020. In general, imports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of 713%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, gear cutting machine imports expanded markedly to $X in 2021. Overall, imports, however, continue to indicate a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Canada represented the key importing country with an import of about X units, which finished at 64% of total imports. It was distantly followed by the United States (X units), generating a 35% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +31.8%).

In value terms, the United States ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Northern America, comprising 90% of total imports. The second position in the ranking was held by Canada ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to -11.4%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, reducing by -2.4% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by 279%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-4.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gear cutting, gear grinding or gear finishing machines in Northern America?

The United States constituted the country with the largest volume of gear cutting machine consumption, comprising approx. 92% of total volume. Moreover, gear cutting machine consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, more than tenfold.

What are the largest producers of gear cutting, gear grinding or gear finishing machines in Northern America?

The United States remains the largest gear cutting machine producing country in Northern America, accounting for 100% of total volume.

What are the leading suppliers of gear cutting, gear grinding or gear finishing machines in Northern America?

In value terms, the United States remains the largest gear cutting machine supplier in Northern America, comprising 99% of total exports. The second position in the ranking was occupied by Canada, with a 1.4% share of total exports.

What are the leading importers of gear cutting, gear grinding or gear finishing machines in Northern America?

In value terms, the United States constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Northern America, comprising 90% of total imports. The second position in the ranking was occupied by Canada, with a 9.7% share of total imports.

What is the average export price for gear cutting, gear grinding or gear finishing machines in Northern America?

The gear cutting machine export price in Northern America stood at $14,035 per unit in 2021, which is down by -28.7% against the previous year.

What is the average import price for gear cutting, gear grinding or gear finishing machines in Northern America?

In 2021, the gear cutting machine import price in Northern America amounted to $96,280 per unit, increasing by 36% against the previous year.

This report provides an in-depth analysis of the gear cutting machine market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412430 - Gear cutting, gear grinding or gear finishing machines, for working metals, metal carbides or cermets (excluding planing, s lotting and broaching machines)

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023