Gear Hobbing Machines Market Size, Share, and Industry Analysis, By Type (Horizontal Gear Hobbing Machines and Vertical Gear Hobbing Machines), By End-use Industry (Automotive, Aerospace & Defense, Industrial Machinery, and Others), and Regional Forecast, 2025-2032

The global gear hobbing machines market is experiencing considerable growth owing to the increasing demand in automotive industry, increased industrial automation and robotics, and expansion of renewable energy sector. The high-quality gears are essential in wind turbines for power transmission. With the increasing focus on clean energy worldwide, the demand for gear hobbing machines that can produce large-scale gears has increased considerably.      

• The Society of Indian Automobile Manufacturers (SIAM) reported that India produced a total of 25,931,867 vehicles from April 2022 to March 2023, compared to 23,040,066 units from April 2021 to March 2022.
• Trading Economics reported that automobile production in the U.S. increased to 11.19 million units in May 2024, up from 11.15 million units in April 2024.

Gear Hobbing Machines Market Driver

Growth in Industrial Manufacturing Within Developing Countries is Expected to Boost Market Growth

The expansion of industrial manufacturing in developing economies, especially countries in the Asia Pacific region augments the demand for gear hobbing machines as industries, such as automotive, aerospace, and heavy machinery manufacturing demand precise gears to ensure high reliability and performance. These machines play a pivotal role in producing gears that cater to stringent tolerance requirements, making them indispensable in manufacturing where accuracy is critical.    

• The ASEAN briefing states that the total gross domestic product (GDP) of ASEAN nations reached USD 3.2 trillion in 2023. The manufacturing sector plays a crucial role in the ASEAN economy. In 2021, manufacturing accounted for 27% of Thailand's overall GDP.                  

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Gear Hobbing Machines Market Restraint

High Upfront Cost Coupled with Maintenance Cost to Limit Market Growth

Advanced gear hobbing machines are more expensive, demanding significant investment. This can hinder its adoption among smaller manufacturers with limited budgets or cost constraints. Its requirement for regular maintenance further adds up to the overall cost. In addition, these machines need skilled professionals. Businesses often face challenges in hiring qualified personnel. Economic fluctuations can further hamper the demand of gear hobbing machines.

Gear Hobbing Machines Market Opportunity

Shift toward Electric Vehicles (EV) to Maximize the Demand for Gear Hobbing Machines

The rapid adoption of EVs augments the demand for accurate and lightweight gears that can efficiently handle higher torque requirements. Gear hobbing machines can produce the intricate gears required in EV transmissions and drivetrains. In addition, the surge in the Aerospace and Defense sector is expected to offer ample growth opportunities. This sector requires high-strength and precise gears that can sustain extreme conditions. Increased investments in these sectors fuel demand for gear hobbing machines capable of producing gears with tight tolerances.    

• As per the International Energy Agency (IEA), nearly 14 million electric vehicles (EVs) were sold in 2023, with 95% of those sales occurring in China, Europe, and the U.S. These developments suggest that expansion continues to be strong as the electric vehicle markets evolve.

Segmentation

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators
• Drivers, Restraints, Trends, and Opportunities
• Business Strategies Adopted by the Key Players
• Consolidated SWOT Analysis of Key Players

Analysis by Type

Gear hobbing machines, such as horizontal gear hobbing machines and vertical gear hobbing machines both are industries, such as automotive, aerospace, and machinery depending upon the specific gear production requirements. Vertical gear hobbing machines are expected to grow with the highest CAGR during the forecast period. Vertical machines offer easy access for loading and unloading parts. In addition, it takes less floor space which is suitable for facilities with tight space. Vertical gear hobbing machines are highly ideal for smaller gears which are required in robotics as well as electronics applications. All these factors are expected to augment its adoption during the forecast period.        

Analysis by End-use Industry

By end-use industry segmentation, the automotive segment is poised to dominate the market during the forecast period due to the growth in the EV industry. The EVs require accurate and lightweight gears which gear hobbing machines can produce. The shift toward electric power steering systems in vehicles is expected to propel the demand for gear hobbing machines that produce lightweight gears required for high steering performance. 

Regional Analysis

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In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

North America accounted for the largest share of the global gear hobbing machines market in 2023. The market growth in North America is primarily attributed to the robust automotive and aerospace sector, and increased adoption Industry 4.0 fueling demand for lightweight and high-precision gears.

• U.S. light vehicle sales reached an annualized total of 15.4 million units in the first quarter of 2024, reflecting a 2.7% increase compared to the same period last year. In 2023, automotive production in North America grew by 9.6% year-over-year.

Asia Pacific is the second-largest market based on the demand for gear hobbing machines. The market in this region is driven by the presence of developing economies in this region and increased government spending on defense sector.

Key Players Covered

The global gear hobbing machines market is highly competitive and significant number of players in the market. In the U.S., the top 5 players account for only around 30% - 40% of the market.

The report includes the profiles of the following key players:

• KASHIFUJI WORKS, LTD. (Japan)
• H.P. Singh Machinery Pvt. Ltd. (India)
• Bourn & Koch (U.S.)
• EMAG GmbH & Co. KG (Germany)
• Gleason Corporation (U.S.)
• Liebherr (Germany)
• Mazak Corporation (Japan)
• Mitsubishi Heavy Industries Ltd. (Japan)

Key Industry Developments

• In July 2021, Bourn & Koch showcased its horizontal orientation gear hobbing machine and their latest Fellows 10-4 CNC remanufacture package at the Technology Expo in St. Louis.
• In May 2021, Mitsubishi Heavy Industries Ltd. announced the introduction of two new Hobbing Machines that offer increased speed, precision, and efficiency— the GE25HS and GE15HS Models, capable of handling a diverse array of gears, ranging from small diameter components to gears with a maximum diameter of 250mm.