Gear grinding machinery is an industrial equipment used to remove extra material on a given product for smooth surface finishing. Gear grinding is the process of finish grinding gear teeth, which is a pivotal step while manufacturing high precision gearing. Gears with high precision ground teeth operate smoothly. Rise in technological advancements have increased the usage of innovative products that integrated with digital technology.
Gear grinding machinery also operate using a user-friendly graphical surface via touch-screen. It is an integrated program for the better understanding of operator to have topological grinding information for minimizing the grinding wheel thinning and operate zero-degree grinding method. Grinding machinery also helps promote productivity, thereby reducing operation cost. Increase in enhancement of distribution network and rise in customization of product and service enhancements of gear grinding machinery across the globe are expected to fuel its sales in the next few years.
Major drivers of the global gear grinding machinery market include increase in the number of manufacturers across multiple industry verticals and penetration of advanced, user-friendly machine that improve productivity across the globe. Additionally, rising influence of the machine in manufacturing operations to improve productivity and its ability to reduce manufacturing cost are expected to propel the market during the forecast period.
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However, increase in cost of a gear grinding machinery is a major restraint of the global gear grinding machinery market. Development of new and innovative products, targeting new manufacturers, and penetration of products through e-commerce business are expected to create lucrative opportunities for the market.
The global gear grinding machinery market can be segmented based on type, control type, application, distribution channel, and region. In terms of type, the market can be divided into cylindrical, surface, bench, gear, tool & cutter, belt, jig, and others. Based on control type, the global gear grinding machinery market can be bifurcated into computer numerical control (CNC) and conventional. In terms of application, the market can be segregated into aerospace & defense, automotive, electrical & electronics, shipbuilding, machine tools & parts manufacturing, consumer goods, and others. Based on distribution channel, the gear grinding machinery market can be classified into online and offline. The online segment can be sub-segmented into company websites, multi-brand e-commerce sites, and others.
In terms of region, the global gear grinding machinery market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Demand for gear grinding machinery is increasing in North America owing to the rise in demand for mass customization of products. Growth of the manufacturing industry in Europe is propelling the demand for gear grinding machinery in the region. Rapid growth in the industrial sector across Europe is propelling the demand for gear grinding machinery.
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This is expected to fuel the market in Asia Pacific. Furthermore, end-user are opting for gear grinding machinery for better operations and productivity. Growth in the industrial sectors such as electrical & electronics, consumer goods, machine tools & parts manufacturing, and automotive and economic development of countries in Africa are expected to boost sales of gear grinding machinery in Middle East & Africa in the next few years. Similarly, South America is also estimated to be an attractive market during the forecast period.
Major players operating in the global gear grinding machinery market include KAPP Werkzeugmaschinen GmbH, Klingelnberg AG, Samputensili Machine Tools Srl, EMAG GmbH & Co. KG, Chongqing Machine Tool ?Group? Co., Ltd., Precision Technologies Group, Junker Group, The Liebherr Group, FFG Werke GmbH, Toyoda, Gleason Corporation, ANCA Pty Ltd, Hunan ZDCY CNC EQUIPMENT Co., Ltd, and Reishauer AG.