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Global Centerless Grinding Market Size, Share, Analysis: By Machine Type: Precision Centerless Grinding Machine, General Purpose Centerless Grinding Machine; By Application: Automotive, Aerospace, Manufacturing, Electronics, Medical, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Centerless Grinding Market Outlook
The global centerless grinding market size was approximately USD 7.20 billion in 2023. The market is assessed to grow at a CAGR of 8.5% between 2024 and 2032, reaching a value of USD 15.20 billion by 2032.
Key Trends in the Market
Centerless grinding refers to the process of removal of materials from the OD (outside diameter) of a workpiece by deploying an abrasive wheel. It is used for refining carbide rods, motor shafts, pivots, and axles, among other crucial components of industrial machines. It facilitates the manufacturing of tight tolerance components that have strict design parameters and provide an excellent surface finish and roundness/straightness to them.
- To upscale production, companies involved in centerless grinding are automating loading and unloading of components, deploying CNC machines, and using robots for executing infeed applications. The adoption of novel technologies and growing automation are some of the key factors shaping the centerless grinding market trends.
- The growing popularity of precision grinding due to various advantages associated with their utilisation, including high accuracy of dimension specifications and smooth surface finish, is providing lucrative growth opportunities to the market. Due to these advantages, the utilisation of precision grinding is increasing for the manufacture of different scientific equipment.
- The demand for small and finely designed medical equipment is significantly increasing in the healthcare sector because of the psychological relief associated with minimally invasive procedures and their cost-effectiveness in the long run. This is boosting the demand for precision grinding machines for medical applications, aiding the centerless grinding market growth.
Centerless Grinding Market Segmentation
Based on machine type, the market is segmented into precision centerless grinding machine and general purpose centerless grinding machine. Based on application, the market is categorised into automotive, aerospace, manufacturing, electronics, and medical, among others.
The major regional markets for centerless grinding include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global centerless grinding market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- United Grinding Group AG
- Erwin Junker Maschinenfabrik GmbH
- DANOBAT S. Coop.
- Fives SAS
- Acme Manufacturing
- Jainnher Machine Co., Ltd.
- Cincinnati Grinding Systems & Automation Group
- Total Grinding Solutions Inc.
- Medical Manufacturing Technologies, LLC
- Royal Master Grinders, Inc.
- Others
Market Share by End-Use
As per the centerless grinding market analysis, the manufacturing sector is expected to be one of the major end-users of centerless grinding. This is because in-feed grinding helps in shaping geometrically complex components of various finished products accurately. This system results in immense cost savings because it requires very low maintenance and helps save production time by automating repetitive tasks. It also benefits in terms of product dimension and scale, manufacturing components based on specific requirements.
Apart from the manufacturing sector, the adoption of centerless grinding technology is also expected to increase across the aerospace, defence, and electronics sectors.
Market Share by Region
The Asia Pacific is expected to account for a significant centerless grinding market share. This growth can be attributed to the expansion of the manufacturing sector in China, Japan, India, South Korea, and Indonesia, among other countries. These countries rely on their manufacturing sector for self-sufficiency, which impacts their economic growth and decision-making ability. The performance of manufacturing units also determines the output level of their end-use industries which are engaged in providing various services to other sectors. Thus, these countries attach the utmost importance to the performance of their manufacturing sectors, which favours the centerless grinding market demand.
Competitive Landscape
Fives SAS was founded in 1812 and is headquartered in Paris, France. It designs and supplies machines, process equipment, and production lines for various industries, including steel, automotive, logistics, and aerospace, among others. It has three business segments that operate in high precision machines, process technologies, and smart automation solutions.
Acme Manufacturing was founded in 1910 and is headquartered in Michigan, the United States. It is one of the leading manufacturers of robotic finishing systems and precision centerless grinding machines with a coated abrasive belt. Acme Manufacturing is one of the most important business partners of FANUC Ltd. and the recipient of several awards. It provides leading cost-saving automation solutions to its clients and is ISO 9001 certified.
Total Grinding Solutions Inc. is headquartered in Michigan, the United States and has more than 150 years of experience in designing and manufacturing centerless grinding machines. It integrates its cutting-edge technologies with product experience to manufacture low-cost CNC machines that enhance the productivity of centerless grinding machines, while improving output quality, increasing accuracy, and reducing set up time.
Other centerless grinding market players include United Grinding Group AG, Erwin Junker Maschinenfabrik GmbH, DANOBAT S. Coop., Jainnher Machine Co., Ltd., Cincinnati Grinding Systems & Automation Group, Medical Manufacturing Technologies, LLC, and Royal Master Grinders, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Machine Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Centerless Grinding Market Analysis
8.1 Key Industry Highlights
8.2 Global Centerless Grinding Historical Market (2018-2023)
8.3 Global Centerless Grinding Market Forecast (2024-2032)
8.4 Global Centerless Grinding Market by Machine Type
8.4.1 Precision Centerless Grinding Machine
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 General Purpose Centerless Grinding Machine
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Centerless Grinding Market by Application
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aerospace
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Manufacturing
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Electronics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Medical
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Centerless Grinding Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Centerless Grinding Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Centerless Grinding Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Centerless Grinding Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Centerless Grinding Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Centerless Grinding Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 United Grinding Group AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Erwin Junker Maschinenfabrik GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 DANOBAT S. Coop.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Fives SAS
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Acme Manufacturing
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Jainnher Machine Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Cincinnati Grinding Systems & Automation Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Total Grinding Solutions Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Medical Manufacturing Technologies, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Royal Master Grinders, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Centerless Grinding Market: Key Industry Highlights, 2018 and 2032
2. Global Centerless Grinding Historical Market: Breakup by Machine Type (USD Billion), 2018-2023
3. Global Centerless Grinding Market Forecast: Breakup by Machine Type (USD Billion), 2024-2032
4. Global Centerless Grinding Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Centerless Grinding Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Centerless Grinding Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Centerless Grinding Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Centerless Grinding Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Centerless Grinding Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Centerless Grinding Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Centerless Grinding Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Centerless Grinding Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Centerless Grinding Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Centerless Grinding Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Centerless Grinding Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Centerless Grinding Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Centerless Grinding Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Centerless Grinding Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 7.20 billion.
The market is estimated to grow at a CAGR of 8.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 15.20 billion by 2032.
The market is being driven by the rapid expansion of the manufacturing sector and increased adoption of precision griding for manufacture of scientific equipment.
The key trends aiding the market expansion include technological innovations in the sector, increased demand for new surgical tools by the pharmaceutical sector, and rising utilisation of precision grinding.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of centerless grinding machines are precision centerless grinding machine and general purpose centerless grinding machine.
The key players in the market are United Grinding Group AG, Erwin Junker Maschinenfabrik GmbH, DANOBAT S. Coop., Fives SAS, Acme Manufacturing, Jainnher Machine Co., Ltd., Cincinnati Grinding Systems & Automation Group, Total Grinding Solutions Inc., Medical Manufacturing Technologies, LLC, and Royal Master Grinders, Inc., among others.
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