Projected Growth of the Grinding Machinery Market: $9.14 Billion at 7.0% CAGR During The Forecast Period 2023-2032 || Makino, Amada Machine Tools Co., Falcon Machine Tools Co., Ltd

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Grinding Machinery Global Market Report 2023 the increase in industrial automation is the major driver for the grinding machinery market's growth in the forecast period. 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 acquiring 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.

The global grinding machinery market size grew from $6.48 billion in 2022 to $6.96 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The grinding machinery market size is expected to grow to $9.14 billion in 2027 at a CAGR of 7.0%.

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Major competitors in the grinding machinery market are Makino, Amada Machine Tools Co., Falcon Machine Tools Co., Ltd., Anca, Mitsubishi Heavy Industries Ltd., Jtekt Toyoda Americas Corporation, Junker Group.

A key trend in the grinding machinery market includes technological advancements. Many companies operating in the grinding machinery market are using new technologies such as computer numerical control (CNC), laser-based sharpening and, universal grinding machines to sustain their position in the market. For instance, in December 2021, United Grinding Group, a Swiss manufacturer of precision machines, unveiled customer-oriented revolution (C.O.R.E.) technology. With C.O.R.E. technology, grinding applications become more productive, adaptable, and versatile. The C.O.R.E. panel simplifies machine operation and training.

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The grinding machinery market is segmented -

• By Product: Angle Grinders, Bench Grinders, Belt Grinders, Wet Grinders, Die Grinders, Floor Grinders, Surface Grinders, CNC

• By Application: Automotive, Transport Machinery, General Machinery, Precision Engineering, Other Applications

• By Distribution: Online, Offline

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the grinding machinery market

The Business Research Company's "Global Grinding Machinery Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Grinding Machinery Market Include:
1. Executive Summary
2. Grinding Machinery Market Characteristics
3. Grinding Machinery Market Trends And Strategies
4. Grinding Machinery Market - Macro Economic Scenario
5. Grinding Machinery Market Size And Growth
……………
27. Grinding Machinery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Grinding Machinery Market
29. Grinding Machinery Market Future Outlook And Potential Analysis
30. Appendix

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