Transparency Market Research in its new report titled, “Gear Hob Cutter Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the gear hob cutter market. The TMR report anticipates that the rapid expansion of manufacturing and numerous end-use industries will drive the gear hob cutter market during the forecast period i.e, 2018-2026. Furthermore, gear hobbing is a versatile process, which can help manufacture virtually any type of gear. Other manufacturing processes are time consuming and may not always offer the same precision as gear hob cutters. However, gear hob cutters can just be used for external gear manufacturing. This is a major drawback of the gear hob cutter market. Other techniques are employed for internal gears, says the report.
The TMR report has segmented the gear hob cutter market on the basis of type, gear type and region. In terms of type, the gear hob cutter market is classified into shank type, bore type, and others. Bore type hobs are used commonly. They are available in several dimensions. Hence, most manufacturers prefer the bore type of hob gears for their versatility. However, setting up time and adjustments are issues for the bore type gear hob cutter. This disadvantage can be overcome by using shank type gear hob cutter, but at the expense of losing flexibility of usage. Based on gear type, the gear hob cutter market is divided into spur gear hob, helical gear hob, bevel gear hob, worm gear hob, and others. Each gear has a different profile; thus, it requires a specific hob to cut.
From a geographical perspective, the global gear hob cutter market is split into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is anticipated to be the key region of the gear hob cutter market. Rise in manufacturing activities and expansion in several industries such as automotive, equipment manufacturing, and power generation are key factors driving the demand for gear hob cutters in the region. Demand for gear box and other geared assemblies rises in proportion to the increase in automotive sales. These gears are manufactured using gear hobs. Similar trend holds true for other manufacturing industries.
Europe and North America are also key regions of the gear hob cutter market. Europe has the most innovative and technologically advanced manufacturing industry. The region witnesses substantial innovation and development of gear hob cutters. Manufacturing of automobiles and other off-highway vehicles is high in North America. This, in turn, is driving the gear hob cutter market in the region. Latin America and Middle East & Africa are still emerging markets; however, these regions are anticipated to provide lucrative opportunities to the gear hob cutter market as several manufacturing industries are being established in these regions. Leading companies operating in the global gear hob cutter market are profiled in this report to give a better competitive analysis and these include Mitsubishi Heavy Industries Ltd. STAR SU LLC, and Sandvik Coromant.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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