The global grinding machine market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024-2031). The global grinding machine market growth is backed by the rapid growth in industrialization, high demand from end-user verticals, and emerging key trends such as E-mobility, digitalization and automation in grinding technology sector. The increasing demand for electric vehicle in major economies to support electric mobility driving the demand for grinding machines in automotive sector. E-mobility is bringing about a change in the entire powertrain in cars. Gear parts must be ever lighter and increasingly precise and robust and that can be only done with automated systems such as advanced CNC grinding machines. The grinding machines aid in achieving the production of finely worked electric vehicles parts precisely and fast. Moreover, industrial automation is further creating a significant scope for griding machines owing to the high precision requirement during manufacturing operations. Moreover, the need for increased flexibility and high speed is likely to give boost to advanced grinding machines. According to the United Nations Industrial Development Organizations, in the third quarter of 2021, global manufacturing production registered an output growth of 5.7% compared to the same quarter of last year, following an increase of 17.7% in the previous quarter. The growth in manufacturing sector will led to the adoption of automated systems, which in turn, will boost the product demand.
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The market growth is also driven by the presence of major players such as Amada Machine Tools Co. Ltd, DANOBAT, ANCA Pty Ltd., Körber AG, and others that are operating in market. These players are adopting numerous growth strategies which include mergers & acquisitions, new product launch, partnership collaborations and others to fulfill market demands. For instance, in March 2020, Hardinge, Inc. a provider of advanced metal-cutting manufacturing tool solutions and accessories launched the KELLENBERGER 10 universal CNC grinding machine.
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Market Coverage
- Segment Covered-
o By Type
o By End-User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Amada Co, Ltd., ANCA Pty. Ltd., Danobat Group, Fives Group
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Grinding Machine Market Report Segment
By Type
- Conventional
- CNC
- Cylindrical
- Surface
- Gear
- Other
By End-User Inddustry
- Automotive
- Maritime Industry
- Aerospace & Defense
- Construction
- Industrial Manufacturing
- Electrical & Electronics
- Others
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