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The gear hobbing machines market size is forecast to increase by USD 83.2 million, at a CAGR of 2.09% between 2023 and 2028. The market is witnessing significant growth, driven by the expansion of the automotive passenger car industry, which is a major consumer of gears. The surge in automation across various industries is another key growth factor, as hobbing machines and 3D Printer are increasingly being used to produce precision gears in large quantities. Furthermore, the growing second-hand machines market is providing an additional boost to the market, as these machines offer an affordable solution for small and medium-sized enterprises. Market trends include the increasing adoption of CNC hobbing machines, which offer higher precision and productivity, and the integration of Industry 4.0 technologies for improved efficiency and connectivity. Challenges for the market include the high initial investment cost and the need for skilled labor to operate and maintain the machines. Overall, the market is expected to continue its growth trajectory, driven by these trends and factors.
Market Forecast 2024-2028
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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