Press release
2025 Grinding Machines Market Outlook: Key Indicators Shaping Growth Through 2034
Grinding Machines
What Will the Grinding Machines Industry Market Size Be by 2025?
In the past few years, the grinding machines market has experienced robust growth. The market size is forecasted to increase from $5.69 billion in 2024 to $6 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. This historical growth is primarily driven by ongoing innovation in the manufacturing sector, the growth of industrialization and manufacturing, the rising demands for precision engineering, a transition toward automation, and an expanding scope of materials.
What's the Long-Term Growth Forecast for the Grinding Machines Market Size Through 2029?
The market for grinding machines is projected to experience robust expansion in the coming years, ballooning to a value of $7.6 billion by 2029. This surge represents a compound annual growth rate (CAGR) of 6.1%. Factors contributing to this anticipated growth during the forecast period encompass worldwide industrial growth, improvements in safety and user experience, adoption of preemptive maintenance and remote observation, implementation of digital manufacturing solutions, and utilization of advanced materials. Among the key trends expected to take shape during the forecast period are innovative product developments, technological progress, a focus on safety and ergonomics, the rise of remote monitoring and predictive maintenance, the digitization of manufacturing processes, and increased demand for customization and flexibility.
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What Are the Key Growth Drivers Fueling the Grinding Machines Market Expansion?
The expansion of the industrial manufacturing sector is likely to stimulate the growth of the grinding machines market. This sector is the backbone for the creation of products designed for industrial purposes from basic materials. Grinding machines, with their numerous uses in industrial manufacturing such as ensuring dimensional precision and optimum surface finish of mechanical parts, are crucial to the manufacturing field. As an illustration, the National Association of Insurance Commissioners, an American non-profit organization, projected in December 2022 that 3.5 million self-driving vehicles will be functional on American streets by 2025, and this number will rise to 4.5 million by 2030. Hence, the ceaseless expansion of the industrial manufacturing sector is fueling the growth of the market for grinding machines.
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What Are the Key Trends Driving Grinding Machines Market Growth?
The grinding machines market is witnessing a growing trend of technological progression. Key players in this market are concentrating on creating novel technological solutions to reinforce their market standing. For example, Grind Master, a special-purpose machines producer based in India, introduced a novel robotic grinding technology in October 2022. This innovative technology, a first in the industry, is designed specifically for automatic fettling and precise grinding of exotic material castings. It holds a unique position as it is geared towards grinding large castings.
How Is the Grinding Machines Market Segmented?
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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Which Companies Are Leading the Charge in Grinding Machines Market Innovation?
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
Which Regions Are Leading the Global Grinding Machines Market in Revenue?
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.
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