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Global Grinding Machines Market: By Product: CNC, Conventional; By Application: Automotive, General Machinery, Precision Engineering, Transport Machinery, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Grinding Machines Market Outlook 

The global grinding machines market reached a value of about USD 4.98 billion in 2021. The market is further estimated to grow at a CAGR of 4.50% in the forecast period of 2023-2028 to reach a value of around USD 6.5 billion by 2027. 

 

Rising Demand for CNC to Propel the Market Growth of Grinding Machines

The demand for CNC grinding machines, owing to their exceptional characteristics, is witnessing a rapid growth. The Computerised Numerical Control grinding machine allows to carry out the machining process automatically, resulting in improved quality and shorter timeframe. It offers multiple advantages, such as reduced operation cost, improved reliability and efficiency, and does not use gears when compared to conventional grinding machines. The emerging need to create accurate, consistent, and complex cuts in various end use sectors is leading to the wide adoption of CNC grinding machines. The CNC grinding machines operate on software, which helps achieve machine accuracy, thereby eliminating human errors. The technological advancements and the launch of efficient software to enable the efficient functioning of these machines are likely to aid the grinding machines market over the forecast period.

 

The Asia Pacific to Account for a Substantial Share of the Market for Grinding Machines

The rapid industrialisation in the region is propelling the demand for grinding machines in various applications. The expanding automotive sector in the Asia Pacific region and its dependency on grinding machines to manufacture brake cylinders, hydraulic steering pistons, selector shafts, brake pistons, spline and gear shafts, camshafts, connecting rods, and crankshafts is likely to bolster the market growth in the coming years. 

 

Market Segmentation

Grinding machines are industrial tools that use a rotating abrasive wheel to remove material on a hard workpiece by cutting. They are utilised to manufacture metallic or non-metallic materials with high surface quality and accurate shape and dimension. There are different types of grinding machines, like belt grinders, cylindrical grinders, gear grinders, and surface grinders, among others.

The grinding machines market, by product, is divided into:

  • CNC
  • Conventional

Based on application, the market is segmented into:

  • Automotive
  • General Machinery
  • Precision Engineering
  • Transport Machinery
  • Others

The regional markets for grinding machines can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Utilisation in Various End Use Sectors to Drive the Market Growth of Grinding Machines

The rising utilisation of grinding machines in various end use sectors like automotive, general machinery, aerospace, and others as a finishing process for the production of high surface quality materials is contributing to the market expansion. Grinding machines offer multiple advantages, such as the ability to machine harder materials, operate at higher temperatures, provide highly accurate dimensions, and require less pressure. The availability of different types of grinding machines like rough grinders and precision grinders, which enable various operations, such as surface grinding, cylindrical grinding, centreless grinding, form grinding, and wet and dry grinding, is leading to the grinding machines market growth. Industry 4.0 and the development of smart factories are also leading to the increased application of grinding software and CNC grinding machines to boost productivity, reduce production costs, offer enhanced safety to workers, and lower the turnaround time. The initiatives taken by the leading market players to develop automated and safe grinding machines to meet the increasing demand for diverse applications are expected to augment the market over the forecast period.

 

Key Players in the Global Market for Grinding Machines

The report gives a detailed analysis of the following key players in the global grinding machines market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Makino Inc.
  • Junker Group
  • United Grinding North America
  • Danobat Group S. Coop
  • JTEKT Toyoda Americas Corporation
  • Others

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • CNC
  • Conventional
Breakup by Application
  • Automotive
  • General Machinery
  • Precision Engineering
  • Transport Machinery
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Makino Inc.
  • Junker Group
  • United Grinding North America
  • Danobat Group S. Coop
  • JTEKT Toyoda Americas Corporation
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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    Region
7    Opportunities and Challenges in the Market
8    Global Grinding Machines Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Grinding Machines Historical Market (2018-2022) 
    8.3    Global Grinding Machines Market Forecast (2023-2028)
    8.4    Global Grinding Machines Market by Product
        8.4.1    CNC
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Grinding Machines Market by Application
        8.5.1    Automotive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    General Machinery
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Precision Engineering
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Transport Machinery
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others    
    8.6    Global Grinding Machines Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Grinding Machines Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Grinding Machines Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Grinding Machines Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Grinding Machines Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Grinding Machines Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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    Value Chain Analysis
16    Trade  Data Analysis

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Makino Inc.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Junker Group
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    United Grinding North America
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Danobat Group S. Coop
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    JTEKT Toyoda Americas Corporation
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Grinding Machines Market: Key Industry Highlights, 2018 and 2028
2.    Global Grinding Machines Historical Market: Breakup by Product (USD Billion), 2018-2022
3.    Global Grinding Machines Market Forecast: Breakup by Product (USD Billion), 2023-2028
4.    Global Grinding Machines Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Grinding Machines Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Grinding Machines Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Grinding Machines Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    Global Grinding Machines Market Structure.

Key Questions Answered in the Report

In 2021, the global grinding machines market attained a value of nearly USD 4.98 billion.

The market is assessed to grow at a CAGR of 4.50% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 6.5 billion by 2027. 

The major market drivers include the rising demand for CNC grinding machines, rising demand in various end use sectors to produce high surface quality materials, availability of different types of grinding machines, exceptional benefits, development of efficient software, and rapid industrialisation.

The key trends guiding the growth of the market include the Industry 4.0 and development of smart factories, development of safe and automated grinding machines, and initiatives taken by market players to expand their product portfolio.

The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant products considered in the market report include CNC and conventional.

The different applications of grinding machines include automotive, general machinery, precision engineering, and transport machinery, among others.

The major players in the market are Makino Inc., Junker Group, United Grinding North America, Danobat Group S. Coop, and JTEKT Toyoda Americas Corporation, among others.

Analyst Review

The global grinding machines market attained a value of nearly USD 4.98 billion in 2021, driven by the rising demand in various end use sectors to produce high surface quality materials. Aided by the development of safe and automated grinding machines and the increasing adoption of Industry 4.0, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.50%. The market is estimated to reach about USD 6.5 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for grinding machines, by product, is divided into CNC and conventional. Based on application, the market is segmented into automotive, general machinery, precision engineering, and transport machinery, among others. The major regional markets for grinding machines are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Makino Inc., Junker Group, United Grinding North America, Danobat Group S. Coop, and JTEKT Toyoda Americas Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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