The Grinding Machinery Market size was valued at USD 5.28 Bn in 2023 and is expected to reach USD 7.76 Bn by 2031 with a growing CAGR of 4.94% over the forecast period 2024-2031.
Grinding machinery is a type of power tool used to grind work parts. The grinding machine cuts using an abrasive wheel, which produces a high-quality surface with minimum surface roughness. Grinding machinery comes in a variety of shapes and sizes, including bench grinders, belt grinders, jig grinders, and gear grinders, and is used in a variety of industries, including automotive, engineering, and electrical. Grinding machinery improves productivity and lowers production costs. Furthermore, the grinding process allows for simple loading and unloading of raw materials. Grinding machinery quality, safety, and standards are regulated by several regulatory agencies across the world. Grinding gear has several advantages, including ease of cleaning, adaptability, and maintenance. These advantages have made grinding quite popular across the world.
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MARKET DYNAMICS
KEY DRIVERS
Globally, the sale of automobiles, particularly electric ones, is increasing.
Infrastructure development in developing markets for aerospace and military
Grinding machine advancements are increasing.
Grinder deployment in mid-and small-scale industries
RESTRAINTS
A high initial investment cost is required to set up the plant.
small-scale industries face a struggle in investing.
OPPORTUNITY
Technological advancements in grinding machines.
Rising of industrial and mining activities
IMPACT OF COVID-19
The impact of COVID-19 on the demand for grinding machines has been negative. The year-over-year increase in value in 2020 was smaller. As a result of the outbreak, demand for grinding machines plummeted as building and non-essential output slowed across the world.
MARKET ESTIMATION
The grinding market is divided into CNC and Conventional segments based on the product. CNC is divided into cylindrical grinding machines, surface grinding machines, and other types of equipment. The CNC grinding machine sector dominates the market for grinding machines. This is due to the increased need for time efficiency, accuracy, lower operating costs, and increased production. One of the primary reasons driving the grinding machine market is the increasing growth in the utilization of cylindrical grinding machines. This is due to a rise in demand for high-precision items including bearings, busing, tubes, and rods. The grinding machine market is predicted to grow as product and software technology improves.
The grinding machines market is likely to be driven by rising demand for a variety of applications, including medical, die & mould, aerospace, and automotive. Grinding machines are widely used in the automobile sector for diverse applications such as hydraulic steering pistons, brake cylinders, brake pistons, spline, and gear shafts, connecting rods, and camshafts for outer diameter and interior diameter grinding. Grinding ensures that vehicle parts are fitted with extreme accuracy. Precision engineering is the fastest-growing market, thanks to rising demand for crucial components in semiconductors, consumer electronics and electrical, medical, oil and gas, and aerospace sectors. Furthermore, as developing nations such as China, India, and Vietnam become more industrialized, general machinery is contributing favorably to market size.
ON THE BASIS OF TYPE
Cylindrical
Gear
Surface
Tools and cutter
Others(centerless)
Conventional
ON THE BASIS OF APPLICATION
Aerospace and Defence
Automotive
Electrical and electronics
Shipbuilding
Others
REGIONAL ANALYSIS:
The market for grinding machines is dominated by the Asia Pacific. This is due to increased demand from a variety of industries, including aerospace, automotive, and tooling. The grinding machine market is projected to be driven by rising demand for aerospace in the Asia Pacific region. The aerospace sector is expanding due to new aircraft purchases by developing countries such as Indonesia, Vietnam, and India. Because of increased demand from the metal processing sector, North America has seen tremendous expansion. Because of its large automotive sector, Europe is likely to contribute favorably to the growth of the grinding machinery market. The Middle East and Africa are expanding as Turkey's machine manufacturing industry expands. This is because construction and mining machinery is in high demand. The market for grinding machines in Latin America is expected to develop as demand for metal manufacturing rises.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players of the market are Amada Machine Tools Co. Ltd, DANOBAT, ANCA Pty Ltd, Junker, Körber AG, Fives , Gleason Corporation, Hybrid Manufacturing Technologies, Makino Milling Machine Co. Ltd, JTEKT Corporation & Other Players
DANOBAT (Spain)-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 5.28 Billion |
| Market Size by 2031 | US$ 7.76 Billion |
| CAGR | CAGR of 4.94% From 2024 to 2031 |
| Base Year | 2021 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Cylindrical, Surface, Gear, Tools and cutter, Others (centerless) and Conventional) • by Application (Aerospace and Defence, Automotive, Electrical and electronics, Shipbuilding, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Amada Machine Tools Co. Ltd, (Japan), DANOBAT (Spain), ANCA Pty Ltd (Australia), Junker (Germany), Körber AG (Germany), Fives (France), Gleason Corporation (US), Hybrid Manufacturing Technologies (US), Makino Milling Machine Co. Ltd (Japan), and JTEKT Corporation (Japan). |
| Key Drivers | •Grinding machine advancements are increasing. •Grinder deployment in mid-and small-scale industries |
| Restraints | •A high initial investment cost is required to set up the plant. •small-scale industries face a struggle in investing. |
Ans: - The Grinding Machinery Market size was valued at USD 5.28 Bn in 2023.
Ans: - The Grinding Machinery Market is to grow at a CAGR of 4.94% From 2024 to 2031.
Ans: - The segments covered in the Grinding Machinery Market report for study are on the basis of type and application.
Ans: - The primary growth tactics of Grinding Machinery market participants include merger and acquisition, business expansion, and product launch.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Grinding Machinery Market Segmentation, By Type
8.1 Cylindrical
8.2 Surface
8.3 Gear
8.4 Tool and cutter
8.5 Other(centreless)
8.6 conventional
9. Grinding Machinery Market Segmentation, By Application
9.1 Aerospace and Defence
9.2 Automotive
9.3 Electrical and electronics
9.4 Shipbuilding
9.5 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Amada Machine Tools Co. Ltd
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 DANOBAT
11.3 ANCA Pty Ltd
11.4 Junker
11.5 Körber AG
11.6 Fives
11.7 Gleason Corporation
11.8 Hybrid Manufacturing Technologies
11.9 Makino Milling Machine Co. Ltd
11.10 JTEKT Corporation
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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