Global Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size

In 2022, the global gear cutting machine market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a perceptible downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the global market remained at a somewhat lower figure.

Gear Cutting Machine Production

In value terms, gear cutting machine production totaled $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, global production growth failed to regain momentum.

Gear Cutting Machine Exports

Exports

In 2022, overseas shipments of gear cutting, gear grinding or gear finishing machines increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a pronounced shrinkage. The global exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gear cutting machine exports skyrocketed to $X in 2022. Overall, exports, however, showed a noticeable reduction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X units) was the largest exporter of gear cutting, gear grinding or gear finishing machines, generating X% of total exports. Germany (X units) ranks second in terms of the total exports with a X% share, followed by India (X%). Japan (X units), Romania (X units), Poland (X units), Singapore (X units), the United States (X units), the UK (X units), Australia (X units) and Denmark (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of gear cutting, gear grinding or gear finishing machines. At the same time, Romania (X%), Poland (X%), Denmark (X%) and Australia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Japan (X%), the UK (X%), India (X%), the United States (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Romania, Poland, Australia, Germany and Denmark increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest gear cutting machine supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Japan ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average gear cutting machine export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price saw a slight setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other global leaders experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports

In 2022, overseas purchases of gear cutting, gear grinding or gear finishing machines increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a pronounced decrease. Global imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, gear cutting machine imports soared to $X in 2022. Over the period under review, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines represented the largest importer of gear cutting, gear grinding or gear finishing machines in the world, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. India (X units) held the second position in the ranking, followed by the UK (X units), Mongolia (X units) and Singapore (X units). All these countries together took near X% share of total imports. The following importers - the United States (X units), China (X units), Chile (X units), Turkey (X units), South Korea (X units), Guyana (X units), Taiwan (Chinese) (X units) and Italy (X units) - together made up X% of total imports.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2022. At the same time, Mongolia (X%), Guyana (X%), Chile (X%), the UK (X%), Singapore (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Italy and the United States experienced a relatively flat trend pattern. By contrast, China (X%), Taiwan (Chinese) (X%), India (X%) and South Korea (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), the UK (X p.p.), Mongolia (X p.p.), Singapore (X p.p.), Chile (X p.p.) and Guyana (X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines worldwide, comprising X% of global imports. The second position in the ranking was taken by India ($X), with a X% share of global imports. It was followed by the United States, with a X% share.

In China, gear cutting machine imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and the United States (X% per year).

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Mongolia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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