APO RESEARCH · REPORT
Gear Grinding
Gear grinding is the name of a specific gear creation technique. Grinding involves the removal of unwanted materials through an abrasion process. Grinding is typically the last step in the gear creation process; other techniques have removed the majority of the material first. There are several methods of grinding, but not all of them are used for the creation of gears. In addition to the gear creation meaning, gear grinding is the common term for incorrectly shifting a manual transmission vehicle.
Product & engineering
Understand the product.
Gear grinding is the name of a specific gear creation technique. Grinding involves the removal of unwanted materials through an abrasion process. Grinding is typically the last step in the gear creation process; other techniques have removed the majority of the material first. There are several methods of grinding, but not all of them are used for the creation of gears. In addition to the gear creation meaning, gear grinding is the common term for incorrectly shifting a manual transmission vehicle.
Selected research
Market Analysis & Forecast
Global Gear Grinding Market Analysis and Forecast 2026-2032
Market perspective
Gear grinding is the name of a specific gear creation technique. Grinding involves the removal of unwanted materials through an abrasion process. Grinding is typically the last step in the gear creation process; other techniques have removed the majority of the material first. There are several methods of grinding, but not all of them are used for the creation of gears. In addition to the gear creation meaning, gear grinding is the common term for incorrectly shifting a manual transmission vehicle.
For industry structure analysis, the Gear Grinding Machine Industry is concentrate. The top five producers include Reishauer, Kapp Werkzeugmaschinen, Gleason, Klingelnberg and Samputensili, account for about 69% of the revenue market.
Europe occupied 35% of the sales volume market. It is followed by China and United States, which respectively have around 19% and 13% of the global total industry. Other countries have a small amount of production. Geographically, China was the largest consumption market in the world, which took about 27% of the global consumption volume. Europe shared 24% of global total.
Read the full market overview
This report presents an overview of global market for Gear Grinding, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Gear Grinding, also provides the consumption of main regions and countries. Of the upcoming market potential for Gear Grinding, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Gear Grinding sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Gear Grinding market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Gear Grinding sales, projected growth trends, production technology, application and end-user industry.
Gear Grinding Segment by Company
Reishauer
Kapp Werkzeugmaschinen
Gleason
Klingelnberg
Samputensili
Liebherr
Kanzaki (Yanmar)
EMAG
FFG Werke
Chongqing Machine Tool
MHI
ZDCY
Qinchuan
Holroyd Precision
TMTW
Gear Grinding Segment by Type
Internal Gear Grinding Machine
Universal Gear Grinding Machine
Others
Gear Grinding Segment by Application
Vehicle Industry
General Mechanical Industry
Others
Gear Grinding Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Gear Grinding market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Gear Grinding and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Gear Grinding.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Gear Grinding production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Gear Grinding in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of Gear Grinding manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Gear Grinding sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Internal Gear Grinding Machine
- Universal Gear Grinding Machine
- Others
Applications
- Vehicle Industry
- General Mechanical Industry
- Others
Companies covered
- Reishauer
- Kapp Werkzeugmaschinen
- Gleason
- Klingelnberg
- Samputensili
- Liebherr
- Kanzaki (Yanmar)
- EMAG
- FFG Werke
- Chongqing Machine Tool
- MHI
- ZDCY
- Qinchuan
- Holroyd Precision
- TMTW
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Gear Grinding Market by Type
- 1.2.1 Global Gear Grinding Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Internal Gear Grinding Machine
- 1.2.3 Universal Gear Grinding Machine
- 1.2.4 Others
- 1.3 Gear Grinding Market by Application
- 1.3.1 Global Gear Grinding Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Vehicle Industry
- 1.3.3 General Mechanical Industry
- 1.3.4 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Gear Grinding Market Dynamics
- 2.1 Gear Grinding Industry Trends
- 2.2 Gear Grinding Industry Drivers
- 2.3 Gear Grinding Industry Opportunities and Challenges
- 2.4 Gear Grinding Industry Restraints
3 Global Gear Grinding Production Overview
- 3.1 Global Gear Grinding Production Capacity (2021-2032)
- 3.2 Global Gear Grinding Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global Gear Grinding Production by Region
- 3.3.1 Global Gear Grinding Production by Region (2021-2026)
- 3.3.2 Global Gear Grinding Production by Region (2027-2032)
- 3.3.3 Global Gear Grinding Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
4 Global Market Growth Prospects
- 4.1 Global Gear Grinding Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global Gear Grinding Revenue by Region
- 4.2.1 Global Gear Grinding Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global Gear Grinding Revenue by Region (2021-2026)
- 4.2.3 Global Gear Grinding Revenue by Region (2027-2032)
- 4.2.4 Global Gear Grinding Revenue Market Share by Region (2021-2032)
- 4.3 Global Gear Grinding Sales Estimates and Forecasts 2021-2032
- 4.4 Global Gear Grinding Sales by Region
- 4.4.1 Global Gear Grinding Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global Gear Grinding Sales by Region (2021-2026)
- 4.4.3 Global Gear Grinding Sales by Region (2027-2032)
- 4.4.4 Global Gear Grinding Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global Gear Grinding Revenue by Manufacturers
- 5.1.1 Global Gear Grinding Revenue by Manufacturers (2021-2026)
- 5.1.2 Global Gear Grinding Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global Gear Grinding Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global Gear Grinding Sales by Manufacturers
- 5.2.1 Global Gear Grinding Sales by Manufacturers (2021-2026)
- 5.2.2 Global Gear Grinding Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global Gear Grinding Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global Gear Grinding Sales Price by Manufacturers (2021-2026)
- 5.4 Global Gear Grinding Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global Gear Grinding Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global Gear Grinding Manufacturers, Product Type & Application
- 5.7 Global Gear Grinding Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global Gear Grinding Market CR5 and HHI
- 5.8.2 2025 Gear Grinding Tier 1, Tier 2, and Tier 3
6 Gear Grinding Market by Type
- 6.1 Global Gear Grinding Revenue by Type
- 6.1.1 Global Gear Grinding Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global Gear Grinding Revenue Market Share by Type (2021-2032)
- 6.2 Global Gear Grinding Sales by Type
- 6.2.1 Global Gear Grinding Sales by Type (2021-2032) & (Units)
- 6.2.2 Global Gear Grinding Sales Market Share by Type (2021-2032)
- 6.3 Global Gear Grinding Price by Type
7 Gear Grinding Market by Application
- 7.1 Global Gear Grinding Revenue by Application
- 7.1.1 Global Gear Grinding Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global Gear Grinding Revenue Market Share by Application (2021-2032)
- 7.2 Global Gear Grinding Sales by Application
- 7.2.1 Global Gear Grinding Sales by Application (2021-2032) & (Units)
- 7.2.2 Global Gear Grinding Sales Market Share by Application (2021-2032)
- 7.3 Global Gear Grinding Price by Application
8 Company Profiles
- 8.1 Reishauer
- 8.1.1 Reishauer Company Information
- 8.1.2 Reishauer Business Overview
- 8.1.3 Reishauer Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 Reishauer Gear Grinding Product Portfolio
- 8.1.5 Reishauer Recent Developments
- 8.2 Kapp Werkzeugmaschinen
- 8.2.1 Kapp Werkzeugmaschinen Company Information
- 8.2.2 Kapp Werkzeugmaschinen Business Overview
- 8.2.3 Kapp Werkzeugmaschinen Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Kapp Werkzeugmaschinen Gear Grinding Product Portfolio
- 8.2.5 Kapp Werkzeugmaschinen Recent Developments
- 8.3 Gleason
- 8.3.1 Gleason Company Information
- 8.3.2 Gleason Business Overview
- 8.3.3 Gleason Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 Gleason Gear Grinding Product Portfolio
- 8.3.5 Gleason Recent Developments
- 8.4 Klingelnberg
- 8.4.1 Klingelnberg Company Information
- 8.4.2 Klingelnberg Business Overview
- 8.4.3 Klingelnberg Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 Klingelnberg Gear Grinding Product Portfolio
- 8.4.5 Klingelnberg Recent Developments
- 8.5 Samputensili
- 8.5.1 Samputensili Company Information
- 8.5.2 Samputensili Business Overview
- 8.5.3 Samputensili Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 Samputensili Gear Grinding Product Portfolio
- 8.5.5 Samputensili Recent Developments
- 8.6 Liebherr
- 8.6.1 Liebherr Company Information
- 8.6.2 Liebherr Business Overview
- 8.6.3 Liebherr Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 Liebherr Gear Grinding Product Portfolio
- 8.6.5 Liebherr Recent Developments
- 8.7 Kanzaki (Yanmar)
- 8.7.1 Kanzaki (Yanmar) Company Information
- 8.7.2 Kanzaki (Yanmar) Business Overview
- 8.7.3 Kanzaki (Yanmar) Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 Kanzaki (Yanmar) Gear Grinding Product Portfolio
- 8.7.5 Kanzaki (Yanmar) Recent Developments
- 8.8 EMAG
- 8.8.1 EMAG Company Information
- 8.8.2 EMAG Business Overview
- 8.8.3 EMAG Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 EMAG Gear Grinding Product Portfolio
- 8.8.5 EMAG Recent Developments
- 8.9 FFG Werke
- 8.9.1 FFG Werke Company Information
- 8.9.2 FFG Werke Business Overview
- 8.9.3 FFG Werke Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 FFG Werke Gear Grinding Product Portfolio
- 8.9.5 FFG Werke Recent Developments
- 8.10 Chongqing Machine Tool
- 8.10.1 Chongqing Machine Tool Company Information
- 8.10.2 Chongqing Machine Tool Business Overview
- 8.10.3 Chongqing Machine Tool Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.10.4 Chongqing Machine Tool Gear Grinding Product Portfolio
- 8.10.5 Chongqing Machine Tool Recent Developments
- 8.11 MHI
- 8.11.1 MHI Company Information
- 8.11.2 MHI Business Overview
- 8.11.3 MHI Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.11.4 MHI Gear Grinding Product Portfolio
- 8.11.5 MHI Recent Developments
- 8.12 ZDCY
- 8.12.1 ZDCY Company Information
- 8.12.2 ZDCY Business Overview
- 8.12.3 ZDCY Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.12.4 ZDCY Gear Grinding Product Portfolio
- 8.12.5 ZDCY Recent Developments
- 8.13 Qinchuan
- 8.13.1 Qinchuan Company Information
- 8.13.2 Qinchuan Business Overview
- 8.13.3 Qinchuan Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.13.4 Qinchuan Gear Grinding Product Portfolio
- 8.13.5 Qinchuan Recent Developments
- 8.14 Holroyd Precision
- 8.14.1 Holroyd Precision Company Information
- 8.14.2 Holroyd Precision Business Overview
- 8.14.3 Holroyd Precision Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.14.4 Holroyd Precision Gear Grinding Product Portfolio
- 8.14.5 Holroyd Precision Recent Developments
- 8.15 TMTW
- 8.15.1 TMTW Company Information
- 8.15.2 TMTW Business Overview
- 8.15.3 TMTW Gear Grinding Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.15.4 TMTW Gear Grinding Product Portfolio
- 8.15.5 TMTW Recent Developments
9 North America
- 9.1 North America Gear Grinding Market Size by Type
- 9.1.1 North America Gear Grinding Revenue by Type (2021-2032)
- 9.1.2 North America Gear Grinding Sales by Type (2021-2032)
- 9.1.3 North America Gear Grinding Price by Type (2021-2032)
- 9.2 North America Gear Grinding Market Size by Application
- 9.2.1 North America Gear Grinding Revenue by Application (2021-2032)
- 9.2.2 North America Gear Grinding Sales by Application (2021-2032)
- 9.2.3 North America Gear Grinding Price by Application (2021-2032)
- 9.3 North America Gear Grinding Market Size by Country
- 9.3.1 North America Gear Grinding Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America Gear Grinding Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America Gear Grinding Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe Gear Grinding Market Size by Type
- 10.1.1 Europe Gear Grinding Revenue by Type (2021-2032)
- 10.1.2 Europe Gear Grinding Sales by Type (2021-2032)
- 10.1.3 Europe Gear Grinding Price by Type (2021-2032)
- 10.2 Europe Gear Grinding Market Size by Application
- 10.2.1 Europe Gear Grinding Revenue by Application (2021-2032)
- 10.2.2 Europe Gear Grinding Sales by Application (2021-2032)
- 10.2.3 Europe Gear Grinding Price by Application (2021-2032)
- 10.3 Europe Gear Grinding Market Size by Country
- 10.3.1 Europe Gear Grinding Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe Gear Grinding Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe Gear Grinding Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China Gear Grinding Market Size by Type
- 11.1.1 China Gear Grinding Revenue by Type (2021-2032)
- 11.1.2 China Gear Grinding Sales by Type (2021-2032)
- 11.1.3 China Gear Grinding Price by Type (2021-2032)
- 11.2 China Gear Grinding Market Size by Application
- 11.2.1 China Gear Grinding Revenue by Application (2021-2032)
- 11.2.2 China Gear Grinding Sales by Application (2021-2032)
- 11.2.3 China Gear Grinding Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia Gear Grinding Market Size by Type
- 12.1.1 Asia Gear Grinding Revenue by Type (2021-2032)
- 12.1.2 Asia Gear Grinding Sales by Type (2021-2032)
- 12.1.3 Asia Gear Grinding Price by Type (2021-2032)
- 12.2 Asia Gear Grinding Market Size by Application
- 12.2.1 Asia Gear Grinding Revenue by Application (2021-2032)
- 12.2.2 Asia Gear Grinding Sales by Application (2021-2032)
- 12.2.3 Asia Gear Grinding Price by Application (2021-2032)
- 12.3 Asia Gear Grinding Market Size by Country
- 12.3.1 Asia Gear Grinding Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia Gear Grinding Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia Gear Grinding Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA Gear Grinding Market Size by Type
- 13.1.1 SAMEA Gear Grinding Revenue by Type (2021-2032)
- 13.1.2 SAMEA Gear Grinding Sales by Type (2021-2032)
- 13.1.3 SAMEA Gear Grinding Price by Type (2021-2032)
- 13.2 SAMEA Gear Grinding Market Size by Application
- 13.2.1 SAMEA Gear Grinding Revenue by Application (2021-2032)
- 13.2.2 SAMEA Gear Grinding Sales by Application (2021-2032)
- 13.2.3 SAMEA Gear Grinding Price by Application (2021-2032)
- 13.3 SAMEA Gear Grinding Market Size by Country
- 13.3.1 SAMEA Gear Grinding Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA Gear Grinding Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA Gear Grinding Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 Gear Grinding Value Chain Analysis
- 14.1.1 Gear Grinding Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 Gear Grinding Production Mode & Process
- 14.2 Gear Grinding Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 Gear Grinding Distributors
- 14.2.3 Gear Grinding Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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