Global Centerless Grinding Market Report and Forecast 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