Automatic Honing Machine Market report
by size, share, application, and geography – global forecast to 2028 is a
professional and in-depth research on the world’s major regional Automatic
Honing Machine market conditions, segmentation, key manufacturers and driving
factors.
Global automatic honing machine market is expected to grow
at a significant CAGR in the upcoming period as the scope and its applications
are rising enormously across the globe. The automatic honing machine is
exclusively used for refurbishment of medium speed engine cylinder liner
geometry and surface structure. These machines are fully electric powered and
no need for compressed air.
The factors that are playing a major role in the growth of
automatic honing machine market are the rising demand from end-users, the
rising use of enhanced technology, easy setup and start-up, and safe to use.
However, the presence of alternatives may restrain the overall market growth in
the years to come. The market is segmented based on product type, accessories,
application, and region.
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Horizontal, CNC, multi-spindle, single spindle, and vertical
honing machines are the product types that could be explored in automatic
honing machine market in the forecast period. Horizontal honing machines sector
accounted for the significant share of the market and is estimated to lead the
overall market in the years to come.
Based on accessories, honing liquid, honing stones, surface
roughness measuring device, repair kit, and others could classify automatic
honing machine in the forecast period. The market may be categorized based on
applications like bearing, automobile industry, space, tractor industry, and
others that could be explored in the market in the forecast period.
Globally, North America accounted for the significant share
of the automatic honing machine industry and is estimated to lead the overall
market in the years to come. The reason behind the overall market growth could
be the presence of key manufacturers in the region, the high demand from
end-users, the high investment capability, and the rising use of enhanced
technology. The United States is a major consumer of the automatic honing
machine in this region.
Europe and the Asia Pacific are also estimated to have a
positive influence on future growth. Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at the
highest CAGR in the forecast period. The developing countries like India and
China are the major consumers of the automatic honing machine in this region.
The key players of automatic honing machine market are
Urschel Laboratories, AZ spa, Sunnen Products Company, Machine Tool Imp. &
Exp. Corp. Ltd., Schlafli Engineering AG, Gehring, Pemamo Honing, Gleason, Ohio
Tool Works, KADIA Production, and Nagel Precision Inc. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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Market Segment:
Geographically, this
report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Automatic Honing Machine
in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast
Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria
and South Africa)
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Vertical Honing Machines
• Horizonta Honing Machines
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Automatic Honing Machine for each application, including
• Automobile Industry
• Tractor Industry
• Space
• Bearing
• Other
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