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Global Grinding Machines Market Size, Share, Growth: By Product: CNC, Conventional; By Application: Automotive, General Machinery, Precision Engineering, Transport Machinery, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Grinding Machines Market Outlook
The global grinding machines market reached a value of about USD 5.44 billion in 2023. The market is further estimated to grow at a CAGR of 4.5% in the forecast period of 2024-2032 to reach a value of around USD 8.10 billion by 2032.
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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.
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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.
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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 | 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 Product |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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| 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 (2018-2023)
8.3 Global Grinding Machines Market Forecast (2024-2032)
8.4 Global Grinding Machines Market by Product
8.4.1 CNC
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Grinding Machines 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 General Machinery
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Precision Engineering
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Transport Machinery
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Grinding Machines 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 Grinding Machines 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 Grinding Machines 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 Grinding Machines 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 Grinding Machines 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 Grinding Machines 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 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 2032
2. Global Grinding Machines Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Grinding Machines Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Grinding Machines Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Grinding Machines Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Grinding Machines Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Grinding Machines Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Grinding Machines Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Grinding Machines Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2023, the global grinding machines market attained a value of nearly USD 5.44 billion.
The market is assessed to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 8.10 billion by 2032.
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 5.44 billion in 2023, 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 2024-2032, growing at a CAGR of 4.50%. The market is estimated to reach about USD 8.10 billion by 2032.
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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