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World - Gear Cutting, Gear Grinding Or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Aug 1, 2024

World - Gear Cutting, Gear Grinding Or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: May 29, 2024

Top Import Markets for Gear Cutting Machines

Gear cutting machines are essential tools in the manufacturing industry, used for cutting gears of various sizes and shapes. As technology advances, the demand for high-quality gear cutting machines has been increasing, driving the growth of the global market. In this article, we will explore the top import markets for gear cutting machines, according to data from the IndexBox market intelligence platform.

1. China

China is the world's leading importer of gear cutting machines, with an import value of 560.3 million USD in 2023. The country's manufacturing industry is booming, creating a high demand for advanced machinery like gear cutting machines. With its strong manufacturing base and growing economy, China is expected to maintain its position as the top import market for gear cutting machines in the coming years.

2. United States

The United States is the second-largest importer of gear cutting machines, with an import value of 83.0 million USD in 2023. The country's manufacturing industry is highly advanced and diverse, with a significant demand for gear cutting machines across various sectors. As technology continues to evolve, the demand for high-quality gear cutting machines in the United States is expected to grow.

3. India

India is the third-largest importer of gear cutting machines, with an import value of 78.7 million USD in 2023. The country's manufacturing industry is rapidly expanding, driven by a growing population and increasing consumer demand. As India continues to invest in its manufacturing sector, the demand for gear cutting machines is expected to rise significantly in the coming years.

4. Germany

Germany is the fourth-largest importer of gear cutting machines, with an import value of 57.7 million USD in 2023. The country is known for its highly advanced manufacturing industry, with a strong focus on precision engineering. As a result, the demand for high-quality gear cutting machines in Germany is expected to remain strong in the foreseeable future.

5. Italy

Italy is the fifth-largest importer of gear cutting machines, with an import value of 49.1 million USD in 2023. The country has a strong manufacturing heritage, with a focus on quality and innovation. As Italy continues to invest in its manufacturing sector, the demand for gear cutting machines is expected to increase in the coming years.

6. Japan

Japan is the sixth-largest importer of gear cutting machines, with an import value of 41.8 million USD in 2023. The country is known for its advanced technology and high-quality manufacturing standards. As Japan's manufacturing industry continues to evolve, the demand for gear cutting machines is expected to remain robust.

7. South Korea

South Korea is the seventh-largest importer of gear cutting machines, with an import value of 32.0 million USD in 2023. The country has a strong manufacturing base, with a focus on innovation and technology. As South Korea continues to invest in its manufacturing sector, the demand for gear cutting machines is expected to grow in the coming years.

8. Taiwan (Chinese)

Taiwan is the eighth-largest importer of gear cutting machines, with an import value of 29.7 million USD in 2023. The country is known for its advanced technology and precision engineering, making it a key player in the global manufacturing industry. As Taiwan continues to invest in its manufacturing sector, the demand for gear cutting machines is expected to rise.

9. Turkey

Turkey is the ninth-largest importer of gear cutting machines, with an import value of 28.5 million USD in 2023. The country has a fast-growing manufacturing sector, driven by its strategic location and strong export market. As Turkey continues to invest in its manufacturing industry, the demand for gear cutting machines is expected to increase.

10. Russia

Russia is the tenth-largest importer of gear cutting machines, with an import value of 21.5 million USD in 2023. The country has a diverse manufacturing industry, with a focus on heavy machinery and equipment. As Russia continues to modernize its manufacturing sector, the demand for gear cutting machines is expected to grow.

Overall, the global market for gear cutting machines is thriving, driven by the increasing demand for high-quality machinery in the manufacturing industry. The top import markets for gear cutting machines, as highlighted in this article, are expected to continue to grow in the coming years, creating new opportunities for manufacturers and suppliers in the industry.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global gear cutting machine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28412430 - Gear cutting, gear grinding or gear finishing machines, for working metals, metal carbides or cermets (excluding planing, s lotting and broaching machines)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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