Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1965 million | USD 5725 million | 14.30% | 2022 |
FrequentlyAsked Questions
A gear hobbing machine is used during gear manufacturing. These machines use a multi-tooth, rotating cutting tool which is also known as a hob to generate teeth on different types of gears including helical gears, spur gears, sprockets, and splines.
The global gear hobbing machine market is expected to be driven by the rising demand for petroleum products worldwide. Some of the most used products include everyday necessities such as kerosene, diesel, fuel oil, aviation turbine fuel, petrol, paraffin, and many more.
According to study, the global gear hobbing machine market size was worth around 675.42 million in 2022 and is predicted to grow to around USD 861.37 million by 2030.
The CAGR value of gear hobbing machine market is expected to be around 3.1% during 2023-2030.
The global gear hobbing machine market will register the highest growth in North America driven by high consumer demand for vehicles.
The global gear hobbing machine market is led by players like Liebherr Group, Gleason Corporation, Koepfer America, LLC, Mitsubishi Heavy Industries Machine Tool Co., Ltd., Samputensili Machine Tools, DMG MORI Co., Ltd., Luren Precision Co., Ltd., Kapp Niles, Premier Limited, and Klingelnberg AG.
The global gear hobbing machine market explores crucial aspects of the gear hobbing machine market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the gear hobbing machine market.
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