Research and Markets (http://www.researchandmarkets.com/research/xqzng4/global_gear) has announced the addition of the "Global Gear Cutting Market 2012-2016" report to their offering.
The analysts forecast the Global Gear Cutting Machine market to grow at a CAGR of 4.68 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand of gears across industries. The Global Gear Cutting Machine market has also been witnessing increasing focus toward R&D activities. However, increase in capital expenditure could pose a challenge to the growth of this market.
The key vendors dominating this market space include Gleason Corp., Liebherr Group, and Mitsubishi Heavy Industries Ltd.
The other vendors mentioned in the report are Ashoka Machord Pvt. Ltd., EMAG Group, Ess Kay Group, Schiess Brighton Holding Ltd., and Ueda Heavy Gear Works Ltd.
Commenting on the report, an analyst from the Engineering team said: With the increase in competition among the market vendors, several gear cutting machine vendors are looking for opportunities to increase their market presence by differentiating their products from their competitors. This thereby forces several vendors to increase their focus toward R&D activities in order to provide superior quality and highly-customized products that can effectively meet the specific requirements of their customers. Moreover, increasing R&D activities also enables organizations to investigate the opportunities to develop cost-effective products that would in turn increase their competitiveness in the market.
According to the report, the Global Gear Cutting Machine market is witnessing many growth drivers such as the increasing demand for gears across industries. Post the global economic recession, a number of organizations across various industries are expanding their manufacturing operations to meet the increasing demand of the growing population.
For more information visit http://www.researchandmarkets.com/research/xqzng4/global_gear
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