What is the global market size of Grinding Machine Market?

Grinding Machine Market size was valued at USD 14142.16 million in 2021 and is poised to grow from USD 14962.4 million in 2022 to USD 23490.2 million by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

Who are the key vendors in the Global Grinding Machine Market?

In order to develop and market robust grinding machines with a high efficiency quotient, major players are increasing their R&D investments. Companies launch these products with the intention of expanding their market share and strengthening their portfolios with solutions that are ready for the future. 'Amada Machine Tools Co., Ltd.', 'ANCA Pty Ltd.', 'DANOBAT Group', 'DMG MORI Co., Ltd.', 'Doimak, S.L.', 'Fives Group', 'Gleason Corporation', 'JTEKT Corporation', 'Körber AG', 'Makino Milling Machine Co., Ltd.', 'Okuma Corporation', 'Palmary Machinery Co., Ltd.', 'Schaudt Mikrosa GmbH', 'SMTW (Shanghai Machine Tool Works) / SJ Corp.', 'Supertec Machinery Incorporated', 'Taiyo Koki Co., Ltd.', 'Toyoda Machine Works, Ltd.', 'Tsugami Corporation', 'UNITED GRINDING Group', 'Walter Maschinenbau GmbH', 'In January 2022, To meet these demands, the Italian business Morgan Tecnica (a member of the ATE Group) developed the single ply cutting technology. The PLY1 has many cutting heads for both soft and hard textile materials. Up to a thickness of 60 mm, PLY1 can rapidly and correctly handle a variety of fabrics, including carpet fabric and even exotic materials with unique compositions and dimensions.', ' In April 2021, Ingersoll Machine Tools initiated the 40,000 square foot addition for the Giant Magellan Telescope building. An Ingersoll MasterMillTM will be built as part of the development, making the new building one of the largest milling centers in the nation and satisfying the industrial needs of the U.S. Defense Department.'

Grinding Machine Market Size, Share, Growth Analysis, By Type (Non-precision Grinder, Precision Grinder), By Application (Automotive, Aerospace), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2157 | Region: Global | Published Date: December, 2024
Pages: 242 | Tables: 63 | Figures: 77

Grinding Machine Market Insights

Global Grinding Machine Market size was valued at USD 5.10 billion in 2022 and is poised to grow from USD 5.33 billion in 2023 to USD 7.55 billion by 2031, growing at a CAGR of 4.45% during 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.

Grinding Machine Market Report Snapshots

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In order to develop and market robust grinding machines with a high efficiency quotient, major players are increasing their R&D investments. Companies launch these products with the intention of expanding their market share and strengthening their portfolios with solutions that are ready for the future. 'Amada Machine Tools Co., Ltd ', 'DANOBAT ', 'ANCA Pty Ltd ', 'Junker ', 'Rieter ', 'Saurer Intelligent Technology AG ', 'Murata Machinery USA, Inc. ', 'LAKSHMI MACHINE WORKS LIMITED ', 'Trützschler ', 'KIRLOSKAR TOYOTA TEXTILE MACHINERY PVT LTD. ', 'A.T.E. Private Limited ', 'Itema S.p.A. ', 'Marzoli Grinding Solutions ', 'Savio Macchine Tessili S.p.A. ', 'United Grinding North America', 'In January 2022, To meet these demands, the Italian business Morgan Tecnica (a member of the ATE Group) developed the single ply cutting technology. The PLY1 has many cutting heads for both soft and hard textile materials. Up to a thickness of 60 mm, PLY1 can rapidly and correctly handle a variety of fabrics, including carpet fabric and even exotic materials with unique compositions and dimensions.', ' In April 2021, Ingersoll Machine Tools initiated the 40,000 square foot addition for the Giant Magellan Telescope building. An Ingersoll MasterMillTM will be built as part of the development, making the new building one of the largest milling centers in the nation and satisfying the industrial needs of the U.S. Defense Department.'

The growing popularity of cylindrical grinding machines in industry is fueling the growth of the grinding machines market. Cylindrical grinding, also known as center-type grinding, involves rotating the spindle with kinetic energy to lock a workpiece between two centers. When compared to other kinds of grinding machines, these grinders offer significant advantages. For instance, cylindrical grinders can efficiently and effectively grind extremely tough materials. Additionally, these grinders are able to produce surfaces that are precise and smooth due to their circular motion, demonstrating superior mechanical capabilities. Numerous businesses are introducing cutting-edge products for end users because they are aware of the manufacturing potential of cylindrical grinders. For instance, ZEMA, a subsidiary of the JUNKER Group, uses turbocharger shafts in its NUMERIKA cylindrical grinder to cut cycle times and improve machine efficiency. During the forecast period, such innovations are anticipated to accelerate this market's expansion.

The grinding machine market is in high demand as grinding machines become increasingly capable of providing stable processing temperatures. This is because new chillers and heaters are becoming more and more popular in critical applications like the aerospace and automotive industries. In addition, it is anticipated that grinding machine modernization will arise as a result of the requirement for increased speed and flexibility.

In the coming years, the grinding machines market share will be dominated by Asia-Pacific .The accelerated pace of the region's industrial activities, supported by rapid economic growth, is the primary factor in the region's impressive performance. In addition, the region's demand for aircraft is rising as a result of rising air travel, which encourages the use of grinding machines in aircraft production.

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Grinding Machine Market Size, Share, Growth Analysis, By Type (Non-precision Grinder, Precision Grinder), By Application (Automotive, Aerospace), By Region - Industry Forecast 2024-2031

Grinding Machine Market Insights

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