Global grinding machines market analysis and insights
The global Grinding Machines market estimated at US$5.29 billion in the year 2022 is now projected to grow at a CAGR of 5.55% and reach US$7.72 billion by 2028.
The grinding machines market exhibits promising growth prospects, driven by several key factors. First and foremost, the surge in demand within manufacturing industries, including automotive, aerospace, medical, and electronics, plays a pivotal role. The integration of advanced technologies like CNC and automation into grinding machines enhances precision and productivity, offering a competitive edge to businesses that invest in these innovations.
The automotive sector’s expansion globally, coupled with the rising demand for precision machining equipment, particularly in gear and crankshaft grinding applications, contributes significantly to market growth. Additionally, infrastructure development projects and the increasing emphasis on energy-efficient manufacturing processes further fuel the demand for grinding machines. As industries continue to focus on sustainability and customization, companies offering innovative, eco-friendly, and tailored grinding solutions stand to benefit, driving the market forward.
Looking ahead, the grinding machines market’s growth potential extends to emerging economies undergoing industrialization. Expansion into these regions presents opportunities for manufacturers to tap into new markets and contribute to the overall industry growth. Continuous monitoring of industry reports, market trends, and technological advancements is essential to stay abreast of the evolving landscape. Moreover, considerations of global economic conditions, geopolitical factors, and regulatory changes will be crucial in assessing the market’s future trajectory.
Grinding machines regional market insights
North American grinding machines market is expected to grow significantly over the forecast period 2022-2028. This growth can be attributed to the increasing demand for precision grinding solutions in various sectors such as automotive, aerospace, electronics, and metal processing. United States contributed around 78% of the total North American grinding machines market. It is estimated to have a market value of US$979.1 million in the year 2022. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 4.53% and 3.18% respectively over the 2022-2028 period.
Asia Pacific grinding machines market is anticipated to witness an upsurge owing to the rapid industrialization and urbanization in developing countries like China and India. Moreover, the market is being driven by high R&D expenditure by major players, combined with efforts to commercialize grinding machines at affordable prices. China is expected to dominate the Asia-Pacific market and reach a market size of US$1.83 billion by 2028.
Within Europe, Germany, France, Italy and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 4.46% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.
Key players profiled in the report include Amada Machinery Co., Ltd.; ANCA Pty Ltd.; DANOBATGROUP; DMG MORI CO., LTD.; ELB-Schliff Werkzeugmaschinen GmbH; EMAG GmbH & Co. KG; Falcon Machine Tools Co., Ltd.; FANUC CORPORATION; Fives; Gleason Corporation; JTEKT Machinery Americas Corporation; Junker Group; KEHREN GmbH; Makino Inc.; Meccanica Nova S.p.A.; Okuma Corporation; Siemens; UNITED GRINDING Group and UVA LIDKÖPING, among others.
September 18, 2023 – As Industry 4.0 progresses, the digital vision is increasingly gaining contour and, above all, practical relevance for CNC manufacturing technology. Among the defining developments are the digital twin and the tools of artificial intelligence and advanced analytics. DMG MORI has always set standards in both sectors. In the course of the Digital Transformation (DX) – one of the supporting pillars in the Machining Transformation (MX) alongside Process Integration, Automation and Green Transformation (GX) – development continues to advance.
September 12, 2023 – Fives has announced a significant order for multiple Giustina Vertical Double Disc Machines for coated brake disc surface grinding. This specific process is based on a proven industrial technology for conventional iron brake disc grinding, combined with the expertise of Giustina and Daisho, new working parameters and new abrasive wheel specifications.
August 23, 2023 – ANCA, a renowned leader in CNC grinding machines, and esco, a prominent software solution provider, announced their partnership aimed at revolutionising gear cutting tool manufacturing. This strategic collaboration brings together ANCA’s expertise in grinding solutions and esco’s advanced software capabilities to meet the increasing demand for skiving cutters and enhance the overall gear manufacturing process.
Grinding machines market scope
- By type of grinding machine
- Rough or non-precision grinding machine
- Floor and bench grinding machine
- Pedestal grinding machine
- Portable or hand grinding machine
- Precision grinding machine
- Surface grinding machine
- Cylindrical grinding machine
- Tool and cutter grinding machine
- Rough or non-precision grinding machine
- By product category
- By component
- Base or bed
- Work-holding devices
- Grinding wheel
- By grinding operation
- Wet grinding
- Dry grinding
- By industry vertical
- Electrical and electronics
- By region
- North America
- South America
- Asia Pacific
- Middle East and Africa
|No. of Pages||278|
|Estimated Market Size in 2022||US$5.29 billion|
|Forecasted Market Size by 2028||US$7.72 billion|
|Regions Covered||North America, South America, Europe, Asia Pacific, Middle East and Africa|
|Companies Mentioned||Amada Machinery Co., Ltd.; ANCA Pty Ltd.; DANOBATGROUP; DMG MORI CO., LTD.; ELB-Schliff Werkzeugmaschinen GmbH; EMAG GmbH & Co. KG; Falcon Machine Tools Co., Ltd.; FANUC CORPORATION; Fives; Gleason Corporation; JTEKT Machinery Americas Corporation; Junker Group; KEHREN GmbH; Makino Inc.; Meccanica Nova S.p.A.; Okuma Corporation; Siemens; UNITED GRINDING Group and UVA LIDKÖPING, among others.|
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.