The Business Research Company’s report on the Grinding Machines Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the grinding machines market in recent years?
Growing industrial manufacturing sector is expected to propel the growth of the grinding machines market going forward. Industrial manufacturing is responsible for the fabrication of products intended for industrial use from raw materials. Grinding machines have various applications in industrial manufacturing and it’s used extensively for dimensional accuracy and surface finishing of the mechanical parts that are used in the manufacturing industry. For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the continually growing industrial manufacturing sector is driving the growth of the grinding machines market.
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What is the projected market size of the grinding machines industry, and how is it expected to grow?
The grinding machines market size has grown strongly in recent years. It will grow from $5.69 billion in 2024 to $6 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to continuous innovation in manufacturing, industrialization and manufacturing growth, demand for precision engineering, shift towards automation, expanding range of materials.
The grinding machines market size is expected to see strong growth in the next few years. It will grow to $7.6 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to global industrial expansion, safety and user experience enhancements, predictive maintenance and remote monitoring, digital manufacturing solutions, advanced materials usage. Major trends in the forecast period include product innovations, technological advancements, safety and ergonomics, remote monitoring and predictive maintenance, digitalization of manufacturing, customization and flexibility.
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Who are the key players driving competition in the grinding machines market?
Major companies operating in the grinding machines market are Amada Holdings Co Ltd., 3M Company, JTEKT Toyoda Americas Corporation, Junker Group, L. Kellenberger & Co. AG, ANCA Pty Ltd., DANOBAT Group, Koyo Machinery Industry Co. Ltd., Okuma Corporation, Körber AG, Falcon Machine Tools Co. Ltd, United Grinding North America, Makino Milling Machine Co. Ltd., Chevalier Machinery Inc., ELB-SCHLIFF Werkzeugmaschinen GmbH, Glebar Company, Heinz Berger Maschinenfabrik GmbH & Co. KG, Komatsu Ltd., KNUTH Machine Tools SA, Studer, C. & E. Fein GmbH, Satisloh, Tacchella Elektra, Willis Machinery, Robert Bosch Power Tools GmbH, Makita Corporation, Stanley Black & Decker Inc., Husqvarna Group, Xingyi Stone Caring Tools Co. Ltd., Hardinge Kellenberger
What key trends are expected to drive the green technology and sustainability market during the forecast period?
Technological advancement is a key trend gaining popularity in the grinding machines market. Major companies operating in the grinding machines market are focused on developing new technological solutions to strengthen their position in the market. For instance, in October 2022, Grind Master, an India-based special purposes machines manufacturer launched a unique robotic grinding technology that is specially made for automatic fettling and precision grinding of exotic material castings. The technology is unique and is the first of its kind in the industry and is focused on grinding large castings.
Which key geographies are driving the growth of the grinding machines market?
Asia-Pacific was the largest region in the grinding machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grinding machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the grinding machines market?
The grinding machines market covered in this report is segmented –
1) By Type: Conventional, CNC, Cylindrical, Surface, Gear, Other Types
2) By Sales Channel: Franchised Outlets, Specialty Stores, Modern Trade, Online Channels
3) By End-User Industry: Automotive, Maritime Industry, Aerospace and Defense, Construction, Industrial Manufacturing, Electrical and Electronics, Other End-User Industries
Subsegments:
1) By Conventional: Manual Grinding Machines, Bench Grinders
2) By CNC (Computer Numerical Control): CNC Grinding Centers, CNC Tool And Cutter Grinders
3) By Cylindrical: External Cylindrical Grinding Machines, Internal Cylindrical Grinding Machines
4) By Surface: Horizontal Surface Grinders, Vertical Surface Grinders
5) By Gear: Gear Grinders, Gear Hones
6) By Other Types: Tool Grinders, Belt Grinders, Specialty Grinders
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What defines the structure and scope of the grinding machines market?
A grinding machine refers to a tool that uses an abrasive wheel as the cutting tool. These are used to grind workpieces and shape the dimensions of a workpiece for utility and industrial purposes.
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