Market Overview:
The global precision honing systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-precision parts and components in various industries such as automotive, aerospace, and hydraulic seals. In addition, the growing demand for horizontal and vertical honing systems is also contributing to the growth of this market. Based on type, the global precision honing systems market can be segmented into horizontal honing systems and vertical honing systems. The horizontal Honing Systems segment is expected to account for a larger share of the global precision Honing Systems Market than Vertical Honning Systems duringthe forecast period from 2018to 2030 owingto its wider application scope across various end-use industries such as automotive, aerospace field, hydraulic seals etcetera .
Product Definition:
Precision Honing Systems are used to improve the precision and accuracy of parts or components. They help to ensure that the parts are within the desired specifications and tolerances. This is important for ensuring that the parts will function properly and meet the required specifications.
Horizontal Honing Systems:
Horizontal honing systems are used to true and straighten the edge of metal parts in precision hones. Horizontal honing systems are also known as flat-bed scanners or slide machines. They consist of a horizontal scanning assembly mounted on a chassis, which is driven by an electric motor through a chain or belt transmission system.
Vertical Honing Systems:
Vertical Honing Systems (VHS) are used in Precision Honing Systems to provide a precise and accurate cutting edge. It is also known as vertical assembly line or just V-line for short. The basic function of VHS is to cut off the excess metal from the work piece while performing high speed machining operations with extreme accuracy and precision.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing automotive sector, especially in developing countries such as India and China, is anticipated to contribute significantly towards market growth. In addition, favorable government policies for promoting manufacturing activities are projected to boost industry expansion over the coming years.
The other applications include industrial machinery & equipment, construction equipment etc., where precision honing systems are used for grinding and polishing of metal parts with high-precision surface finish on request from customers worldwide. The rising demand for these types of systems across various industries including aerospace & defense is expected to drive market growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of automotive manufacturers, which has increased the usage of precision honing systems. The region is expected to maintain its dominance over the forecast period due to increasing demand for luxury and performance cars.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid industrialization and growing population in countries such as China, India, Japan, South Korea and Taiwan. This scenario will lead towards an increase in production activities across various industries including aerospace & defense (AD), automotive (AC) and others. Precision honing systems are used on various components such as turbine blades for AD applications; camshafts/valves for AC applications; bearing races & journals for machinery application; etc., thereby driving regional growth significantly over a projected time span.
Growth Factors:
- Increasing demand for high-precision components in automotive and aerospace industries
- Growing popularity of honing technology among small and medium-sized businesses
- Rising investments in research and development activities for honing systems
- Proliferation of automated honing systems across various industrial sectors
- Emergence of new applications for precision honing systems in the medical, energy, and defense industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Honing Systems Market Research Report
By Type
Horizontal Honing Systems, Vertical Honing Systems
By Application
Automobile, Aerospace Field, Hydraulic Seals, Others
By Companies
Nagel, Sunnen, Gehring, Gleason, Kanzaki, Ohio Tool Works, Engis, AZ spa, Rottler, Xinneng Precise, Taizhou Xinchao, Ningxia Dahe, Kefa, HaiGong
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Precision Honing Systems Market Report Segments:
The global Precision Honing Systems market is segmented on the basis of:
Types
Horizontal Honing Systems, Vertical Honing Systems
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
Automobile, Aerospace Field, Hydraulic Seals, 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:
- Nagel
- Sunnen
- Gehring
- Gleason
- Kanzaki
- Ohio Tool Works
- Engis
- AZ spa
- Rottler
- Xinneng Precise
- Taizhou Xinchao
- Ningxia Dahe
- Kefa
- HaiGong
Highlights of The Precision Honing Systems 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:
- Horizontal Honing Systems
- Vertical Honing Systems
- By Application:
- Automobile
- Aerospace Field
- Hydraulic Seals
- 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 Precision Honing Systems 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
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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?
Precision honing systems are used to sharpen blades and other cutting tools. They use a series of diamond-coated grinding wheels to remove material, producing a sharp edge that is free from burrs.
Some of the major players in the precision honing systems market are Nagel, Sunnen, Gehring, Gleason, Kanzaki, Ohio Tool Works, Engis, AZ spa, Rottler, Xinneng Precise, Taizhou Xinchao, Ningxia Dahe, Kefa, HaiGong.
The precision honing systems market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Honing Systems 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 Precision Honing Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Honing Systems 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 Precision Honing Systems 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 Precision Honing Systems Market Size & Forecast, 2020-2028
4.5.1 Precision Honing Systems Market Size and Y-o-Y Growth
4.5.2 Precision Honing Systems 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 Horizontal Honing Systems
5.2.2 Vertical Honing Systems
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 Automobile
6.2.2 Aerospace Field
6.2.3 Hydraulic Seals
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Honing Systems 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 Precision Honing Systems 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 Horizontal Honing Systems
9.6.2 Vertical Honing Systems
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 Automobile
9.10.2 Aerospace Field
9.10.3 Hydraulic Seals
9.10.4 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 Horizontal Honing Systems
10.6.2 Vertical Honing Systems
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 Automobile
10.10.2 Aerospace Field
10.10.3 Hydraulic Seals
10.10.4 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 Horizontal Honing Systems
11.6.2 Vertical Honing Systems
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 Automobile
11.10.2 Aerospace Field
11.10.3 Hydraulic Seals
11.10.4 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 Horizontal Honing Systems
12.6.2 Vertical Honing Systems
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 Automobile
12.10.2 Aerospace Field
12.10.3 Hydraulic Seals
12.10.4 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 Horizontal Honing Systems
13.6.2 Vertical Honing Systems
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 Automobile
13.10.2 Aerospace Field
13.10.3 Hydraulic Seals
13.10.4 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 Precision Honing Systems Market: Competitive Dashboard
14.2 Global Precision Honing Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nagel
14.3.2 Sunnen
14.3.3 Gehring
14.3.4 Gleason
14.3.5 Kanzaki
14.3.6 Ohio Tool Works
14.3.7 Engis
14.3.8 AZ spa
14.3.9 Rottler
14.3.10 Xinneng Precise
14.3.11 Taizhou Xinchao
14.3.12 Ningxia Dahe
14.3.13 Kefa
14.3.14 HaiGong
