Market Overview:
The global horizontal honing machine 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 automobiles and other transportation equipment, rising demand for precision machining in various industries, and growing awareness about the benefits of using horizontal honing machines. The pneumatic honing machine segment is expected to account for the largest share of the global horizontal honing machine market in 2018, followed by the electric honing machine segment. The hydraulic honing machine segment is projected to grow at a higher CAGR than both segments during the forecast period. The automotive industry is expected to account for the largest share of applications for horizontal Honing Machine Market duringthe forecast period from 2018-2030 owingto its high demand across all regions globally .
Product Definition:
A horizontal honing machine is a type of machine tool that uses abrasive stones to produce a precision surface finish on metal parts. Horizontal honing machines are typically used to improve the dimensional accuracy and surface finish of gears, spindles, cylinders, and other components with difficult-to-reach surfaces.
Pneumatic Honing Machine:
Pneumatic Honing Machine is used for removing material from the cutting edge of a tool or blade by applying compressive force. The pneumatic honing machine uses compressed air as a power source which helps in providing an accurate and consistent stroke. It provides high-quality finishes with less human intervention, reduces cycle time, and ensures higher production rates.
The global Pneumatic Honing Machine market size was valued at USD 605 million in 2016.
Electric Honing Machine:
An electric honing machine is used to remove material from a metal surface by means of an abrasive stream. It consists of motor, power supply, control system and abrasive disc. The working principle is based on the waterjet technology wherein high pressure water is forced through the stream of electrically charged abrasives which in turn removes unwanted material from the work piece with great precision.
Application Insights:
Automobile industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automotive manufacturing process includes several steps, such as designing, development, production planning and control. Horizontal honing machines are used for grinding & polishing of automotive parts in final stage of production cycle. The use of these machines helps improve surface finish & accuracy while reducing time consumption which eventually leads to reduction in cost associated with product development or manufacture.
Tractor industry is also anticipated to witness significant growth during the forecast period owing to rising demand for agricultural equipment across various regions including Asia Pacific.
Regional Analysis:
Asia Pacific dominated the global horizontal honing machine market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, which makes it an attractive regional market for investors. China is one of the largest markets for these machines owing to low labor costs and easy availability of raw materials in this country.
The Asia Pacific pneumatic honing machine industry accounted for approximately 60% revenue share in 2017 on account of high product demand from industries including automotive, agricultural equipment, construction machinery, marine & naval equipment as well as others. The growth can be attributed to increasing production activities across various end-use industries due to strong economic growth resulting into increased foreign investments along with favorable government policies encouraging FDI's are some factors responsible for driving regional product demand over the next eight years.
Growth Factors:
- Increasing demand for high precision machining in automotive and aerospace industries
- Growing popularity of horizontal honing machines among small and medium-sized enterprises (SMEs)
- Rising adoption of horizontal honing machines for surface finishing applications
- Proliferation of automated manufacturing processes across various industrial sectors
- Technological advancements in horizontal honing machine design and functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Horizontal Honing Machine Market Research Report
By Type
Pneumatic Honing Machine, Electric Honing Machine, Hydraulic Honing Machine
By Application
Automobile Industry, Tractor Industry, Space, Bearing, Other
By Companies
AZ spa, Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd, Gehring, GIULIANI, Gleason, KADIA Production, Nagel Precision Inc, Ohio Tool Works, Pemamo Honing, Sunnen Products Company, Urschel Laboratories
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Horizontal Honing Machine Market Report Segments:
The global Horizontal Honing Machine market is segmented on the basis of:
Types
Pneumatic Honing Machine, Electric Honing Machine, Hydraulic Honing Machine
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 Industry, Tractor Industry, Space, Bearing, Other
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:
- AZ spa
- Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd
- Gehring
- GIULIANI
- Gleason
- KADIA Production
- Nagel Precision Inc
- Ohio Tool Works
- Pemamo Honing
- Sunnen Products Company
- Urschel Laboratories
Highlights of The Horizontal Honing Machine 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:
- Pneumatic Honing Machine
- Electric Honing Machine
- Hydraulic Honing Machine
- By Application:
- Automobile Industry
- Tractor Industry
- Space
- Bearing
- Other
- 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 Horizontal Honing Machine 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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- 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?
Horizontal honing machines are used to sharpen blades on tools such as saws, chisels and planes. They use a diamond-tipped wheel to grind the blade's edge against a hard surface.
Some of the key players operating in the horizontal honing machine market are AZ spa, Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd, Gehring, GIULIANI, Gleason, KADIA Production, Nagel Precision Inc, Ohio Tool Works, Pemamo Honing, Sunnen Products Company, Urschel Laboratories.
The horizontal honing machine market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Horizontal Honing Machine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Horizontal Honing Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Horizontal Honing Machine Market - Supply Chain
4.5. Global Horizontal Honing Machine Market Forecast
4.5.1. Horizontal Honing Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Horizontal Honing Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Horizontal Honing Machine Market Absolute $ Opportunity
5. Global Horizontal Honing Machine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Horizontal Honing Machine Market Size and Volume Forecast by Type
5.3.1. Pneumatic Honing Machine
5.3.2. Electric Honing Machine
5.3.3. Hydraulic Honing Machine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Horizontal Honing Machine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Horizontal Honing Machine Market Size and Volume Forecast by Application
6.3.1. Automobile Industry
6.3.2. Tractor Industry
6.3.3. Space
6.3.4. Bearing
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Horizontal Honing Machine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Horizontal Honing Machine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Horizontal Honing Machine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Horizontal Honing Machine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Horizontal Honing Machine Demand Share Forecast, 2019-2026
9. North America Horizontal Honing Machine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Horizontal Honing Machine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Horizontal Honing Machine Market Size and Volume Forecast by Application
9.4.1. Automobile Industry
9.4.2. Tractor Industry
9.4.3. Space
9.4.4. Bearing
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Horizontal Honing Machine Market Size and Volume Forecast by Type
9.7.1. Pneumatic Honing Machine
9.7.2. Electric Honing Machine
9.7.3. Hydraulic Honing Machine
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Horizontal Honing Machine Demand Share Forecast, 2019-2026
10. Latin America Horizontal Honing Machine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Horizontal Honing Machine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Horizontal Honing Machine Market Size and Volume Forecast by Application
10.4.1. Automobile Industry
10.4.2. Tractor Industry
10.4.3. Space
10.4.4. Bearing
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Horizontal Honing Machine Market Size and Volume Forecast by Type
10.7.1. Pneumatic Honing Machine
10.7.2. Electric Honing Machine
10.7.3. Hydraulic Honing Machine
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Horizontal Honing Machine Demand Share Forecast, 2019-2026
11. Europe Horizontal Honing Machine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Horizontal Honing Machine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Horizontal Honing Machine Market Size and Volume Forecast by Application
11.4.1. Automobile Industry
11.4.2. Tractor Industry
11.4.3. Space
11.4.4. Bearing
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Horizontal Honing Machine Market Size and Volume Forecast by Type
11.7.1. Pneumatic Honing Machine
11.7.2. Electric Honing Machine
11.7.3. Hydraulic Hning Machine
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Horizontal Honing Machine Demand Share, 2019-2026
12. Asia Pacific Horizontal Honing Machine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Horizontal Honing Machine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Horizontal Honing Machine Market Size and Volume Forecast by Application
12.4.1. Automobile Industry
12.4.2. Tractor Industry
12.4.3. Space
12.4.4. Bearing
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Horizontal Honing Machine Market Size and Volume Forecast by Type
12.7.1. Pneumatic Honing Machine
12.7.2. Electric Honing Machine
12.7.3. Hydraulic Honing Machine
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Horizontal Honing Machine Demand Share, 2019-2026
13. Middle East & Africa Horizontal Honing Machine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Horizontal Honing Machine Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Horizontal Honing Machine Market Size and Volume Forecast by Application
13.4.1. Automobile Industry
13.4.2. Tractor Industry
13.4.3. Space
13.4.4. Bearing
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Horizontal Honing Machine Market Size and Volume Forecast by Type
13.7.1. Pneumatic Honing Machine
13.7.2. Electric Honing Machine
13.7.3. Hydraulic Honing Machine
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Horizontal Honing Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Horizontal Honing Machine Market: Market Share Analysis
14.2. Horizontal Honing Machine Distributors and Customers
14.3. Horizontal Honing Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AZ spa
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Gehring
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GIULIANI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gleason
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KADIA Production
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nagel Precision Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ohio Tool Works
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pemamo Honing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sunnen Products Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Urschel Laboratories
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
