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Report World - Gear Cutting, Gear Grinding or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size

The global gear cutting machine market shrank rapidly to $X in 2021, reducing by -17.4% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Gear Cutting Machine Production

In value terms, gear cutting machine production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 2.3% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, global production growth remained at a lower figure.

Gear Cutting Machine Exports

Exports

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were exported worldwide; rising by 63% on the previous year. Over the period under review, exports, however, saw a deep reduction. The global exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, gear cutting machine exports soared to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the global exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan dominates exports structure, accounting for X units, which was near 65% of total exports in 2021. China (X units) held the second position in the ranking, followed by Italy (X units). All these countries together held approx. 17% share of total exports. The following exporters - Germany (X units) and India (X units) - together made up 6.2% of total exports.

From 2012 to 2021, average annual rates of growth with regard to gear cutting machine exports from Japan stood at +4.0%. At the same time, Italy (+13.2%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.2% from 2012-2021. By contrast, China (-8.1%), India (-21.7%) and Germany (-30.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan and Italy increased by +43 and +6.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest gear cutting machine supplier worldwide, comprising 56% of global exports. The second position in the ranking was taken by Japan ($X), with a 15% share of global exports. It was followed by China, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to -4.9%. In the other countries, the average annual rates were as follows: Japan (-8.0% per year) and China (-5.1% per year).

Export Prices by Country

The average gear cutting machine export price stood at $X per unit in 2021, declining by -25.8% against the previous year. In general, the export price, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 69% against the previous year. The global export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+36.2%), while the other global leaders experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were imported worldwide; rising by 58% compared with the previous year. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 116%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of global imports remained at a lower figure.

In value terms, gear cutting machine imports totaled $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Over the period under review, global imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria was the main importer of gear cutting, gear grinding or gear finishing machines in the world, with the volume of imports amounting to X units, which was near 29% of total imports in 2021. South Korea (X units) ranks second in terms of the total imports with an 11% share, followed by Taiwan (Chinese) (9.2%), Japan (8%), Indonesia (6.9%) and Italy (6.7%). The following importers - Uzbekistan (X units) and Vietnam (X units) - each resulted at an 8.2% share of total imports.

Imports into Nigeria increased at an average annual rate of +79.1% from 2012 to 2021. At the same time, Uzbekistan (+638.1%), Italy (+43.5%), Taiwan (Chinese) (+39.0%), Vietnam (+24.9%) and Japan (+9.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the world, with a CAGR of +638.1% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Indonesia (-14.4%) illustrated a downward trend over the same period. While the share of Nigeria (+29 p.p.), Taiwan (Chinese) (+9 p.p.), Italy (+6.5 p.p.), Japan (+6 p.p.), South Korea (+4.6 p.p.), Uzbekistan (+4.2 p.p.) and Vietnam (+3.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Indonesia (-9 p.p.) displayed negative dynamics.

In value terms, the largest gear cutting machine importing markets worldwide were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for 13% of global imports. Italy, Uzbekistan, Vietnam, Indonesia and Nigeria lagged somewhat behind, together accounting for a further 5.9%.

Uzbekistan, with a CAGR of +278.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, dropping by -30.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 192% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-6.2%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of gear cutting machine consumption in 2021 were Switzerland, China and Japan, together accounting for 63% of global consumption. These countries were followed by Estonia, Mexico, Germany, the Netherlands, South Africa and the United States, which together accounted for a further 23%.
The countries with the highest volumes of gear cutting machine production in 2021 were Switzerland, China and Germany, with a combined 70% share of global production.
In value terms, Germany remains the largest gear cutting machine supplier worldwide, comprising 56% of global exports. The second position in the ranking was occupied by Japan, with a 15% share of global exports. It was followed by Switzerland, with a 14% share.
In value terms, India, South Korea and Germany constituted the countries with the highest levels of imports in 2021, with a combined 15% share of global imports. Japan, Mexico, Taiwan Chinese), Indonesia, the Netherlands, Nigeria, Australia, Greece, Bulgaria and Estonia lagged somewhat behind, together comprising a further 14%.
In 2021, the average gear cutting machine export price amounted to $9,599 per unit, which is down by -9.6% against the previous year.
In 2021, the average gear cutting machine import price amounted to $11,523 per unit, rising by 4.6% against the previous year.

This report provides an in-depth analysis of the global gear cutting machine market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL 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. 9. GLOBAL 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. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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

  13. 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

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