What Is the Projected Market Size of the Global Grinding Machines Market?
The Grinding Machines Market witnessed substantial growth in recent years. It is expected to grow from $5.69 billion USD in 2024 to $6 billion USD in 2025 at a compound annual growth rate (CAGR) of 5.4%. The historic growth is attributed to continuous innovation in manufacturing, industrialization and manufacturing growth, demand for precision engineering, and escalating adoption of automation and expanding range of materials.
Predicted future growth is also substantial, estimated to reach $7.6 billion USD in 2029, with a CAGR of 6.1%. The forecast period growth is driven by global industrial expansion, safety and user experience enhancements, predictive maintenance and remote monitoring, digital manufacturing solutions, and advanced materials usage. Significant trends in the forecast period include product innovations, technological advancements, improving safety measures, remote monitoring, predictive maintenance, digitalization of manufacturing, and customization and flexibility.
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What Are the Key Drivers for the Growth of the Grinding Machines Market?
The rise in the industrial manufacturing sector to meet the escalating demand for precision and high-quality mechanical parts is a key driver for the growth of the Grinding Machines Market. As the manufacturing industry continues to grow, it increases dependency on grinding machines, which are integral for dimensional accuracy and surface finishing of mechanical parts. As per the National Association of Insurance Commissioners, there are estimated to be 3.5 million autonomous vehicles on American roads by 2025, and 4.5 million by 2030. These trends further underpin the continuous growth of the industrial manufacturing sector, which in turn propels the growth of the Grinding Machines Market.
What Are the Major Segments Within the Global Grinding Machines Market?
The major segments covered in this report include:
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
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Who Are the Major Players in the Grinding Machines Market?
Major companies operating in the grinding machines market include 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 Are the Recent Trends Seen in the Grinding Machines Market?
Technological advancement is a key trend gaining traction in the grinding machines market. Companies are focusing on developing new technological solutions. For instance, in October 2022, Grind Master, an India-based special purposes machines manufacturer launched a unique robotic grinding technology that is aimed at grinding large castings of exotic material. This unique technology is the first of its kind, signaling progressive trends in the industry.
Which Region Is the Frontrunner in the Grinding Machines Market?
Asia-Pacific held the largest share of the grinding machine market in 2024 and is expected to be the fastest-growing region in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Grinding Machines Market Report 2025 Offer?
A grinding machine is a tool utilizing an abrasive wheel for cutting purposes. It is primarily used to shape the dimensions of a workpiece for utility and industrial applications. The Grinding Machines Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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