Press release
Grinding Machinery Market to Reach USD 8.82 Billion by 2034, Growing at a CAGR of 4.20%
Polaris Market Research analyzes the grinding machinery market to register sustained growth in the coming years. The market was valued at USD 5.87 billion in 2024 and is projected to grow to USD 8.82 billion by 2034. It is projected to register a compound annual growth rate (CAGR) of 4.20% from 2025 to 2034.
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Market Overview
Grinding machinery, also known as grinding mills or grinders, are precision machining tools that utilize abrasive wheels or belts to remove material from a workpiece. It typically encompasses a grinding wheel, work table, headstock, and tailstock. The grinding wheel is usually made from diamond or aluminum oxide and is rotated at high speeds. The abrasive particles on the wheel then remove material from the workpiece. There are various types of grinding machines, including cylindrical grinding machines, tool and cutter grinding machines, and surface grinding machines. Each of these machines is suited for workpieces of different sizes and types. The use of grinding machinery enables precise and accurate finishes.
Market Growth Drivers
Rising Urbanization Globally: The rising urbanization across the globe has led to an increase in construction projects. These projects need grinding machines for several tasks, including stone processing, concrete polishing, and surface leveling. The increased demand for residential and commercial spaces, fueled by urbanization, is contributing to the use of grinding equipment in flooring, tile production, and façade finishing. In addition, urban growth drives the need for grinding machines in sectors such as appliances, electrical equipment, and transportation.
Expanding Aerospace Sector: The aerospace sector relies heavily on grinding machines for the production of several critical parts, such as landing gear, turbine blades, and structural assemblies. Aerospace suppliers are also using grinding equipment to ensure quality, lower material waste, and streamline complex machining operations. Thus, the expanding aerospace sector is driving the grinding machinery market demand.
Market Key Players
The grinding machinery market is characterized by intense competition. Major market players are leveraging strategic mergers, acquisitions, and collaborations to improve their market positions. A few of the leading market participants include:
AMADA MACHINERY CO., LTD.
ANCA
Danobat
Fives
Junker
Körber AG
LMW Limited
Murata Machinery
Rieter
Saurer Intelligent Technology AG
Trützschler Group SE
WIDMA
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Grinding Machinery Industry Developments
October 2024: Nidec Machine Tool Corporation, a subsidiary of the Nidec Group, expanded its product portfolio with the introduction of the ZI25A internal gear grinding machine.
May 2024: WIDMA unveiled its latest range of advanced machining solutions at the Pune Machine Tool Expo (PMTX) 2024, featuring the next-generation MacHX800 horizontal machining center and the BPG 15 blank profile grinding solution.
December 2022: Sabar, a leading manufacturer and exporter of spinning roll shop machinery, announced the launch of its fully automated cot grinding machine during the India ITME 2022 exhibition.
Grinding Machinery Market Segmentation
By Type Outlook (Revenue, USD Billion, 2020-2034)
• Non-precision Grinder
o Bench Grinder
o Portable Grinder
o Pedestal Grinder
o Flexible Grinder
• Precision Grinder
o Cylindrical Grinding Machines
o Surface Grinding Machines
o Centre-Less Grinding Machines
o Tool and Cutter Grinding Machines
By Application Outlook (Revenue, USD Billion, 2020-2034)
• Automotive
• Aerospace
• Medical
• Construction
• Industrial Manufacturing
• Electrical and Electronics
• Marine
• Others
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Regional Assessment
By region, the market report provides insight into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific led the global market in 2024, driven by expanding automotive production, rapid industrialization, and increased presence of precision engineering firms across major economies like India and China. In addition, supportive industrial policies and government-backed infrastructure projects contribute to the region's leading market position.
North America is projected to grow at a rapid pace in the coming years. This is primarily due to the growing automotive, aerospace, and medical device manufacturing industries in the region. In addition, rising labor costs and reshoring initiatives are fueling rapid market growth in the region.
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