Press release
Grinding Machinery Market Expansion Continues, with Forecast Valuation of $10.83 Billion by 2029
Grinding Machinery
Grinding Machinery Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the grinding machinery market size has experienced significant growth. It is projected to expand from $7.58 billion in 2024 to $8.08 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. This growth during the historic period can be ascribed to the robust economic progress in developing markets, expansion in construction activities, advancement of the aerospace sector, augmented automotive production, and a rise in the utilization of machine tools.
Grinding Machinery Market Size Forecast: What's the Projected Valuation by 2029?
It is projected that the grinding machinery market will experience significant expansion in the upcoming years, with its size estimated to rise to $10.83 billion in 2029, marking a compound annual growth rate (CAGR) of 7.6%. This projected growth within the forecast period is largely due to the factors such as escalating urbanization, the burgeoning shipbuilding sector, and a growing requirement from the mining sector. Key trends set to shape the market through the forecast period include progressive technology, automation solutions, the emergence of robotic machines, the application of IIoT (industrial Internet of Things) in industry 4.0 grinding solutions, product advancements, and strategic alliances and collaborations.
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What Are the Drivers Transforming the Grinding Machinery Market?
The growth of the grinding machinery market is envisaged to be spurred by the rising incorporation of industrial automation. Industrial automation entails the utilization of autonomous systems, such as robotics, computer software, etc., to manage machinery and industrial processes. The burgeoning adoption of such automation is projected to amplify the need for grinding machinery because these machines must be compatible with automation software and systems. To exemplify, the International Federation of Robotics, a non-profit organization based in Germany, reported in May 2023 that there was a 12% surge in industrial robot installations in the manufacturing sector in 2022, totaling 41,624 units. Predominantly comprised of North American entities - US, Canadian, and Mexican businesses, the automotive industry emerged as the leading adopter, installing 20,391 units, marking a 30% increase from the previous year. Consequently, the growing advancements in industrial automation are anticipated to escalate the demand for grinding machinery over the anticipated period.
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Which Fast-Growing Trends Are Poised to Disrupt the Grinding Machinery Market?
Key players in the grinding machinery market are exploring Polish grinding techniques to boost gear load-bearing abilities, while mitigating surface roughness, resulting in reduced friction and better transmission system efficiency. These Polish grinding techniques are sophisticated machining strategies designed to refine the surface finish of work components, particularly precision parts like gears. For example, in February 2024, the Japan-based Nidec Machine Tool Corporation, a producer of grinding and polishing machinery, unveiled a groundbreaking high-accuracy polishing method for the large scale production of internal gears. These gears play a crucial role in automotive drive units and robot joints. This revolutionary method tackles issues related to gear quality, durability, transmission efficiency, and noise performance, further showcasing Nidec's dedication to advancing gear technology in response to the rising demand for electrification and automation.
Which Segments in the Grinding Machinery Market Offer the Most Profit Potential?
The grinding machinerymarket covered in this report is segmented -
1) By Product: Angle Grinders, Bench Grinders, Belt Grinders, Wet Grinders, Die Grinders, Floor Grinders, Surface Grinders, CNC
2) By Application: Automotive, Transport Machinery, General Machinery, Precision Engineering, Other Applications
3) By Distribution: Online, Offline
Subsegments:
1) By Angle Grinders: Corded Angle Grinders, Cordless Angle Grinders
2) By Bench Grinders: Single-Speed Bench Grinders, Variable-Speed Bench Grinders
3) By Belt Grinders: Horizontal Belt Grinders, Vertical Belt Grinders
4) By Wet Grinders: Tabletop Wet Grinders, Commercial Wet Grinders
5) By Die Grinders: Pneumatic Die Grinders, Electric Die Grinders
6) By Floor Grinders: Concrete Floor Grinders, Polishing Floor Grinders
7) By Surface Grinders: Manual Surface Grinders, Automatic Surface Grinders
8) By CNC: CNC Cylindrical Grinders, CNC Tool And Cutter Grinders
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Which Firms Dominate the Grinding Machinery Market by Market Share and Revenue in 2025?
Major companies operating in the grinding machinery market include Fanuc, JTEKT Corporation, DMG Mori, Amada Co. Ltd, Makino Milling Machine Co. Ltd, ANCA Pty Ltd, Junker Group, DANOBAT GROUP, Okuma Corporation, Gleason Corporation, Mitsubishi Heavy Industries Ltd, Koyo Machine Industries Co Ltd, Micromatic Grinding Technologies Pvt Ltd, Youil Grinding Machine Co. Ltd, Jiangsu Zhihe Intelligent Equipment Co. Ltd, Quanzhou DAFON Machinery Co. Ltd, Fujian RBT Intelligent Equipment Co. Ltd, Kingsbury, ELB-SCHLIFF Werkzeugmaschinen GmbH, Heinz Berger Maschinenfabrik GmbH & Co. KG, Sokar Mechanics, Grindaix GmbH, Sonicam SAS, Strausak AG, Netzsch, Sasta, UMAC LLC, PALMARY Machinery Co. Ltd, Srednevolgsky stankozavod Ltd, GRAFS Technology, Dialeks Trading Dariusz Lipinski, Gazela Mechanika Maszyn, SCORPION, Total Grinding Solutions, Gurmeet Machinery Corporation, Novovodolazkyi Abrasive, Delta Machine Srl, Falcon Machine Tools Co. Ltd, Hybrid Manufacturing Technologies, United Grinding North America, Grindmaster Equipment and Machines USA LLC, CS Unitec Inc, Bent River Machine, Macrodyne Technologies Inc, Weldon Solutions Inc, Rochester Abrasives Industries, Equipment Manufacturers International (EMI), WMW Machinery Company, KNUTH Machine Tools, LISSMAC, Schuler AG, Sandvik AB, Yamazaki Mazak Corporation, Flow International Corporation, EMAG Machine Tools, Midrand Grinders, B.C.F. Precision Grinding Works (pty) Ltd.
Which Regions Offer the Highest Growth Potential in the Grinding Machinery Market?
Asia-Pacific was the largest region in the grinding machinery market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the grinding machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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