Global Grinding Machines Market Report and Forecast 2024-2032

Global Grinding Machines Market Size

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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Global Grinding Machines Market Growth

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.

Global Grinding Machines Market Share

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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Global Grinding Machines 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

Grinding Machines Market Report Snapshots

Grinding Machines Market Size

Grinding Machines Market Growth

Grinding Machines Market Regional Analysis

Grinding Machines Companies