Grinding Machinery Global Market Anticipated to Attain $10.37 Billion at a CAGR of 4.2% By 2028 | Fanuc, JTEKT Corporation, DMG Mori, Amada Co. Ltd., ANCA Pty Ltd.

Overview and Scope
Grinding machinery refers to a type of tool that removes the rough surface of a workpiece by using a rotating abrasive wheel. The grinding machinery is used for grinding work pieces and delivering highly accurate products. The wheel, wheel head, base, saddle, table, headstock, tailstock, and cross feed are some of the parts present in a grinding machine.

Sizing and Forecast
The grinding machinery market size has grown strongly in recent years. It will grow from $7.05 billion in 2023 to $7.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the growth in construction activities, the growth of the aerospace industry, an increased automotive production and an increased consumption of machine tools.

The grinding machinery market size is expected to see strong growth in the next few years. It will grow to $10.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to an increasing urbanization, the growing shipbuilding industry and an increasing demand from the mining industry. Major trends in the forecast period include technological advancements, automation solutions, introduction of robotic machines, iiot (industrial internet of things)-based industry 4.0 grinding solutions, product innovations and strategic partnerships and collaborations.

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Segmentation & Regional Insights
The grinding machinery market covered in this report is segmented –
1) By Product: Angle Grinders, Bench Grinders, Belt Grinders, Wet Grinders, Die Grinders, Floor Grinders, Surface Grinders, CNC
2) By Application: Automotive, Transport Machinery, General Machinery, Precision Engineering, Other Applications
3) By Distribution: Online, Offline

Asia-Pacific was the largest region in the grinding machinery market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the grinding machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increase in industrial automation is expected to propel the growth of the grinding machinery market going forward. Industrial automation refers to the control of machinery and the industrial process by autonomous systems such as robotics, computer software, and others. The increasing adoption of industrial automation is expected to boost the demand for grinding machinery, as they would acquire new machinery that is compatible with automation software and systems. According to the study published by the Association for Advancing Automation in 2021, robot orders across the globe increased by 67% in the second quarter of 2021 over the same period in 2020. Therefore, the increase in industrial automation is expected to boost demand for grinding machinery during the forecast period.

Key Industry Players
Major companies operating in the grinding machinery market report are Fanuc, JTEKT Corporation, DMG Mori, Amada Co. Ltd, Makino Milling Machine Co. Ltd, ANCA Pty Ltd, Junker Group, DANOBAT GROUP, Okuma Corporation, Gleason Corporation, Mitsubishi Heavy Industries Ltd, Koyo Machine Industries Co Ltd, Micromatic Grinding Technologies Pvt Ltd, Youil Grinding Machine Co. Ltd, Jiangsu Zhihe Intelligent Equipment Co. Ltd, Quanzhou DAFON Machinery Co. Ltd, Fujian RBT Intelligent Equipment Co. Ltd, Kingsbury, ELB-SCHLIFF Werkzeugmaschinen GmbH, Heinz Berger Maschinenfabrik GmbH & Co. KG, Sokar Mechanics, Grindaix GmbH, Sonicam SAS, Strausak AG, Netzsch, Sasta, UMAC LLC, PALMARY Machinery Co. Ltd, Srednevolgsky stankozavod Ltd, GRAFS Technology, Dialeks Trading Dariusz Lipinski, Gazela Mechanika Maszyn, SCORPION, Total Grinding Solutions, Gurmeet Machinery Corporation, Novovodolazkyi Abrasive, Delta Machine Srl, Falcon Machine Tools Co. Ltd, Hybrid Manufacturing Technologies, United Grinding North America, Grindmaster Equipment and Machines USA LLC, CS Unitec Inc, Bent River Machine, Macrodyne Technologies Inc, Weldon Solutions Inc, Rochester Abrasives Industries, Equipment Manufacturers International (EMI), WMW Machinery Company, KNUTH Machine Tools, LISSMAC, Schuler AG, Sandvik AB, Yamazaki Mazak Corporation, Flow International Corporation, EMAG Machine Tools, Midrand Grinders, B.C.F. Precision Grinding Works (pty) Ltd.

The grinding machinery market report table of contents includes:
1. Executive Summary