Market Overview:
Gear cutting tools are used to cut gears and gear teeth. Gear hobs, milling cutters, gear shaper cutters, and others are the types of gear cutting tools. The machinery industry, automotive industry, aerospace industry, energy industry, medical industry and others are the applications of gear cutting tools. North America is expected to dominate the global Gear Cutting Tools Market during the forecast period 2018-2030 followed by Europe due to high demand from automotive sector in these regions. Asia Pacific is projected to be fastest growing market for Gear Cutting Tools Market during the forecast period owing to increasing demand from countries such as China and India.
Product Definition:
Gear cutting tools are the various types of tools used to cut gears. Gear cutting is a process that is used to create gears from metal stock. There are a variety of different gear cutting tools, each with its own specific purpose. Some common gear cutting tools include hobbing machines, milling machines, and grinding machines. Gear Cutting Tools are important because they allow for the creation of gears in metal stock. Gears are important components in many mechanical devices, and without gear cutting tools it would be difficult or impossible to create them.
Gear Hobs:
Gear hobs are used in gear cutting tools to cut gears with high accuracy. They are also known as gear cutters or gear cutting machine. It is a device that uses the principle of centrifugal force for crushing and cutting gears with high speed and efficiency. The working principle of gear hobs is based on two main components, namely the spiral race and beveled wheel assembly, which consists of several individual wheels mounted in a frame around a central hub.
Milling Cutters:
Milling cutters are used to cut gears and are of two types, high speed steel (HSS) and carbide tipped. The gear cutting process is carried out by a rotating tool that is called the milling cutter or spindle. The spindle has one or more cutting edges that form teeth as they rotate; these teeth act as a guide for the gear being milled.
Application Insights:
The machinery industry accounted for the largest revenue share in 2017 and is anticipated to maintain its lead over the forecast period. The growth can be attributed to the increasing demand for gears from various sectors, such as construction, automotive, aerospace and energy. Gears are used in numerous applications across all these industries due to their high durability and precision requirements.
The global rise in manufacturing activities has led to an increased demand for gears from countries including China India Japan South Korea Australia Mexico Brazil Germany France UK Netherlands Belgium Spain Italy Sweden Switzerland Poland Russia Ukraine Czech Republic Algeria Kuwait Saudi Arabia UAE Others Africa Colombia Argentina Morocco South Africa Gear cutting tools have been witnessing a significant rise in demand from other applications as well owing to their benefits including cost-effectiveness reduction of waste material production rate flexibility speed up processing time accuracy which makes them suitable within medical industry aerospace industry marine industry etcetera.
Regional Analysis:
Asia Pacific dominated the global gear cutting tools market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for industrial machinery, rising investments in R&D, and growing awareness among end-users regarding advanced manufacturing technologies. China is a major contributor towards regional growth owing to presence of numerous OEMs and aftermarket service providers.
The Asia Pacific was followed by Europe which accounted for over 20% of total revenue share in 2017 due to high Gear Hob production volume as compared to other regions. In addition, higher adoption rate of hobbed gears coupled with growing automotive industry will drive product demand further contributing towards regional growth during the forecast period.
Growth Factors:
- Gear Cutting Tools market is driven by the increasing demand for gears in various industries.
- The growing automotive industry is also fueling the demand for gear cutting tools, as gears are used extensively in automobiles.
- Rapid industrialization and urbanization across the globe are leading to an increase in the demand for precision gears and gear cutting tools.
- The increasing use of Gear Cutting Tools in renewable energy applications is another major growth driver for this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gear Cutting Tools Market Research Report
By Type
Gear Hobs, Milling Cutters, Gear Shaper Cutters, Others
By Application
Machinery Industry, Automotive industry, Aerospace Industry, Energy Industry, Medical industry, Others
By Companies
Samputensili, Gleason, Nachi-Fujikoshi, LMT, Kennametal, Sandvik, Mitsubishi, Liebherr, Luren, J.SCHNEEBERGER, Chongqing Xingwang, HANJIANG, Harbin First Tool Manufacturing Co., TaiYuan, Chongqing Tool Factory Co., Taizhou Zhongtian, HRB Tool, EST Tools, Shanghai Tool
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Gear Cutting Tools Market Report Segments:
The global Gear Cutting Tools market is segmented on the basis of:
Types
Gear Hobs, Milling Cutters, Gear Shaper Cutters, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery Industry, Automotive industry, Aerospace Industry, Energy Industry, Medical industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samputensili
- Gleason
- Nachi-Fujikoshi
- LMT
- Kennametal
- Sandvik
- Mitsubishi
- Liebherr
- Luren
- J.SCHNEEBERGER
- Chongqing Xingwang
- HANJIANG
- Harbin First Tool Manufacturing Co.
- TaiYuan
- Chongqing Tool Factory Co.
- Taizhou Zhongtian
- HRB Tool
- EST Tools
- Shanghai Tool
Highlights of The Gear Cutting Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gear Hobs
- Milling Cutters
- Gear Shaper Cutters
- Others
- By Application:
- Machinery Industry
- Automotive industry
- Aerospace Industry
- Energy Industry
- Medical industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gear Cutting Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gear Cutting Tools are tools used to cut gears and other rotating parts. Gear Cutting Tools can be hand-held or powered, and come in a variety of shapes and sizes.
Some of the key players operating in the gear cutting tools market are Samputensili, Gleason, Nachi-Fujikoshi, LMT, Kennametal, Sandvik, Mitsubishi, Liebherr, Luren, J.SCHNEEBERGER, Chongqing Xingwang, HANJIANG, Harbin First Tool Manufacturing Co., TaiYuan, Chongqing Tool Factory Co., Taizhou Zhongtian, HRB Tool, EST Tools, Shanghai Tool.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gear Cutting Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gear Cutting Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gear Cutting Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gear Cutting Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gear Cutting Tools Market Size & Forecast, 2020-2028
4.5.1 Gear Cutting Tools Market Size and Y-o-Y Growth
4.5.2 Gear Cutting Tools Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gear Hobs
5.2.2 Milling Cutters
5.2.3 Gear Shaper Cutters
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Machinery Industry
6.2.2 Automotive industry
6.2.3 Aerospace Industry
6.2.4 Energy Industry
6.2.5 Medical industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gear Cutting Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gear Cutting Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gear Hobs
9.6.2 Milling Cutters
9.6.3 Gear Shaper Cutters
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Machinery Industry
9.10.2 Automotive industry
9.10.3 Aerospace Industry
9.10.4 Energy Industry
9.10.5 Medical industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gear Hobs
10.6.2 Milling Cutters
10.6.3 Gear Shaper Cutters
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Machinery Industry
10.10.2 Automotive industry
10.10.3 Aerospace Industry
10.10.4 Energy Industry
10.10.5 Medical industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gear Hobs
11.6.2 Milling Cutters
11.6.3 Gear Shaper Cutters
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Machinery Industry
11.10.2 Automotive industry
11.10.3 Aerospace Industry
11.10.4 Energy Industry
11.10.5 Medical industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gear Hobs
12.6.2 Milling Cutters
12.6.3 Gear Shaper Cutters
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Machinery Industry
12.10.2 Automotive industry
12.10.3 Aerospace Industry
12.10.4 Energy Industry
12.10.5 Medical industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gear Hobs
13.6.2 Milling Cutters
13.6.3 Gear Shaper Cutters
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Machinery Industry
13.10.2 Automotive industry
13.10.3 Aerospace Industry
13.10.4 Energy Industry
13.10.5 Medical industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gear Cutting Tools Market: Competitive Dashboard
14.2 Global Gear Cutting Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samputensili
14.3.2 Gleason
14.3.3 Nachi-Fujikoshi
14.3.4 LMT
14.3.5 Kennametal
14.3.6 Sandvik
14.3.7 Mitsubishi
14.3.8 Liebherr
14.3.9 Luren
14.3.10 J.SCHNEEBERGER
14.3.11 Chongqing Xingwang
14.3.12 HANJIANG
14.3.13 Harbin First Tool Manufacturing Co.
14.3.14 TaiYuan
14.3.15 Chongqing Tool Factory Co.
14.3.16 Taizhou Zhongtian
14.3.17 HRB Tool
14.3.18 EST Tools
14.3.19 Shanghai Tool
