Global Gear Grinding Machine Market Is Projected to Exhibit a CAGR of 4.47% Between 2017 and 2023
New report published by QY Research which offers insights on the global Gear Grinding Machine market. The Gear Grinding Machine market has been experiencing steady growth graph since past years. The Global Gear Grinding Machine market sales value was 819.3 Mn USD in 2017, and it is projected to reach 1,065.4 Mn USD in 2023, with a CAGR (Compounded Annual Growth Rate) of 4.47% from 2017 to 2023.
City of Industry, CA -- (SBWire) -- 08/29/2018 --This report studies the Gear Grinding Machine market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyses the top players in global and major regions, and splits the Gear Grinding Machine market by product type and applications/end industries.
Global Gear Grinding Machine Market: Market Driver and Restraint
Increasing demand of downstream industrials, such as Vehicle Industry, General Mechanical Industry and Others.
Global Gear Grinding Machine Market: Forecast by Type
On the basis of product, market is primarily split into –Internal Gear Grinding Machine, Universal Gear Grinding Machine and Others. Internal Gear Grinding Machine is dominated type with a CAGR of 5.76% in the forecast period from 2017 to 2023.
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Global Gear Grinding Machine Market: Forecast by Application
Application segment consists of Vehicle Industry, General Mechanical Industry and Others. Dominated application is Vehicle Industry.
Global Gear Grinding Machine Market: Forecast by Region
Geographically, this report is segmented into several key Regions, with revenue, market share and growth rate of Gear Grinding Machine in these regions, from 2013 to 2023 (forecast), covering –North America, Europe, China, Japan, India, Southeast Asia and ROW. Europe is the largest region. The Europe market is expected to expand at a robust rate of 2.71% in terms of revenue over the forecast period.
Global Gear Grinding Machine Market: Key Players
Reishauer, Kapp Werkzeugmaschinen, Gleason, Klingelnberg, Samputensili, Liebherr, Kanzaki (Yanmar), EMAG, FFG Werke, Chongqing Machine Tool, MHI, ZDCY, Qinchuan, Holroyd Precision, TMTW are the key vendors included in this report. The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
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About QY Research
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.
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