Grinding Machine Market Size, Share, Growth Analysis, By Product(CNC and Conventional), By Application(Automotive, General Machinery, Precision engineering, Transport Machinery), By Region - Industry Forecast 2024-2031

Grinding Machine Market size was valued at USD 14142.16 million in 2019 and is poised to grow from USD 14962.4 million in 2023 to USD 23490.2 million by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

The grinding machine market is anticipated to be driven by rising demand for computer-controlled grinding machines. Due to high precision requirements, this is also due to an increase in industrial automation activities. Grinding machines will likely become more common as finishing equipment in a variety of industries due to the rise in demand for high-quality surfaces, such as the automotive and aerospace sectors. In the upcoming years, high grinding machine market revenue is anticipated due to the increasing technological advancements. For example, the latest grinding wheel technology in cylindrical grinding machines controls a variety of functions, such as dressing and material processes and pump options.

Additionally, the grinding machines' intelligent software is simple to operate, resulting in increased productivity. There are many different kinds of grinding machines, including gear grinders, belt grinders, jig grinders, bench grinders, and so on. These are useful for a variety of applications in the automotive, engineering, and electrical industries, among others. The demand for grinding machines is primarily being driven by economic and industrial development in various industrial verticals like electric vehicles, automotive, aerospace, and FDM technology. Since grinders are helping the market grow, manufacturers are paying more attention to grinding machines.

In addition, the market's expansion is aided by the rising demand for commercial vehicles and the expansion of infrastructure activity. The market for grinding machines will benefit greatly from the expansion of mining and industrial activities.

US Grinding Machine Market is poised to grow at a sustainable CAGR for the next forecast year.