U.S.: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in the U.S.

The U.S. gear cutting machine market shrank to $X in 2021, flattening at the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Gear Cutting Machine Production in the U.S.

In value terms, gear cutting machine production dropped to $X in 2021. In general, production showed a mild curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Gear Cutting Machine Exports

Exports from the U.S.

In 2021, shipments abroad of gear cutting, gear grinding or gear finishing machines decreased by -2.6% to X units, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 50% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, gear cutting machine exports expanded remarkably to $X in 2021. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 26%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for gear cutting machine exports from the United States, accounting for a 45% share of total exports. Moreover, gear cutting machine exports to Mexico exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by Greece (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-7.4% per year) and Greece (0.0% per year).

In value terms, Mexico ($X), China ($X) and Sweden ($X) constituted the largest markets for gear cutting machine exported from the United States worldwide, together accounting for 39% of total exports.

Sweden, with a CAGR of +27.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average gear cutting machine export price amounted to $X per unit, picking up by 10% against the previous year. Over the period under review, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 44%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports into the U.S.

In 2021, after two years of decline, there was significant growth in supplies from abroad of gear cutting, gear grinding or gear finishing machines, when their volume increased by 23% to X units. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by 788%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, gear cutting machine imports surged to $X in 2021. In general, imports, however, continue to indicate a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Japan (X units) and South Korea (X units) were the main suppliers of gear cutting machine imports to the United States, with a combined 71% share of total imports. These countries were followed by Switzerland, India, Italy and the UK, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Switzerland ($X) appeared to be the largest gear cutting machine suppliers to the United States, together comprising 89% of total imports. These countries were followed by South Korea, Italy, the UK and India, which together accounted for a further 10%.

Italy, with a CAGR of +63.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average gear cutting machine import price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2015 when the average import price increased by 338% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+216.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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