Press release
The Surge Of Grinding Machines In The Thriving Industrial Manufacturing Landscape: An Emerging Driver Transforming The Grinding Machines Market Landscape
Grinding Machines
What Is the Projected Growth of the Grinding Machines Market?
Recent years have seen a significant surge in the size of the grinding machines market. Forecast show a growth from $5.69 billion in 2024 to $6 billion in 2025, implying a compound annual growth rate (CAGR) of 5.4%. Factors influencing the historical growth include continuous advancements in manufacturing, rapid industrialization and expansion in manufacturing sector, increasing demand for precision engineering, transition towards automation, and an expanded scope of materials.
The market for grinding machines is projected to experience robust expansion in the upcoming years, with an estimation of reaching $7.6 billion by 2029, and a compound annual growth rate (CAGR) of 6.1%. This growth during the forecast period can be credited to the worldwide industrial growth, enhancements in safety and user experience, predictive maintenance and remote supervision, solutions in digital manufacturing, and the use of advanced materials. The market trends to watch out for in the forecast period are product innovations, technological improvement, safety and ergonomic enhancements, remote supervision and predictive maintenance, the digitization of manufacturing processes, and increased customization and adaptability.
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What Are the Different Grinding Machines Market Segments?
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 Are the Primary Drivers Shaping the Grinding Machines Market?
The escalating expansion of the industrial manufacturing segment forecasts a surge in the progress of the grinding machines market. Industrial manufacturing serves as the backbone behind the transformation of raw materials into products apt for industrial application. Grinding machines, featuring prominently in industrial manufacturing, are primarily utilized to assure dimensional precision and surface refinement of mechanical parts deployed in the said industry. For example, projections from the National Association of Insurance Commissioners, a non-profit organization located in the US, anticipate that the number of autonomous vehicles on the roads of America will reach 3.5 million by 2025 and escalate to 4.5 million by 2030. Hence, the persistent expansion of the industrial manufacturing sector fuels the progression of the grinding machines market.
Which Companies Are Leading 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 Are the Major Trends Shaping the Grinding Machines Market?
The progression of technology is an emerging trend in the grinding machines market. Numerous leading businesses in this market are concentrating on the creation of innovative technological solutions to reinforce their market standing. One case in point is Grind Master, a manufacturer of special purpose machines from India, who introduced an exclusive robotic grinding technology with a focus on automatic fettling and precision grinding of unusual material castings in October 2022. This first-of-its-kind technology in the industry aims at refining large castings.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Grinding Machines Market?
2. What is the CAGR expected in the Grinding Machines Market?
3. What Are the Key Innovations Transforming the Grinding Machines Industry?
4. Which Region Is Leading the Grinding Machines Market?
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