CNC Tool and Cutter Grinding Machine Market Research Report – Forecast to 2027

Global CNC Tool & Cutter Grinding Machine Market Research Report  By Type (Tool & Cutter Grinding Machine, Universal Grinding Machine and Blank and Cylindrical Grinding Machines) By Application(Automotive, Aerospace and Defense and Electrical and Electronics Manufacturing), By Region – Forecast to 2027

ID: MRFR/IA - E/4704-CR | June 2018 | Region: Global | 100 pages

Please note that assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill sample form for updated data.

Market Overview


 Global CNC Tool and Cutter Grinding Machine Market is anticipated to reach USD 4,067.7 million by 2023, as per a new report by Market Research Future (MRFR). It is expected to exhibit a CAGR of 4.52% during the assessment period (2018-2023). The growth is supplemented by expansion of automotive and aerospace sectors inducing the demand for CNC machines to produce components in various sizes and shapes.


Computer numerical control (CNC) tool and cutter grinding machines are used for sharpening tool bits and other machines. These machines expedite the production rate by automating the entire process. These tools use computer-aided design (CAD) and computer-aided manufacturing (CAM) software to produce various components. Technological advances in CNC equipment can augur market growth over the forecast period.  


Emergence of Internet of Things (IoT) and continuous evolution of machine learning are factors estimated to drive market demand. Subsequent use of CNC tools to produce components on a large scale is expected to play a major role in the market. In addition, adoption of automation to streamline assembly lines coupled with establishment of various industrial hubs are anticipated to bolster market demand in the coming years.


Report Overview


This report allows the user to gain a deeper understanding of the ongoing events and trends in the global market for virtual reality. By correlating the historical data with key market dynamics, analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the global CNC tool and cutter grinding machine market segmented by type, application, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.


Segment Overview


By type, the market has been segmented into tool and cutter grinding machine, universal grinding machine, and blank and cylindrical grinding machines. Based on application, the market has been segmented into electrical and electronics manufacturing, aerospace and defense, and automotive.  


The segments and sub-segments covered in the report are analyzed under four major regions – North America, Europe, Asia Pacific, and Rest-of-the-World (RoW), with respective country-level market sizing. For the scope of research, the standard definition of the product/ service “CNC tool and cutter grinding machine” is included in the report. The report discusses and interprets the current and future opportunities of the industry delivering an unbiased growth assessment.


Players Covered


Vollmer, Makino Milling Machine Co., Ltd., J Schneeberger Maschinen AG, Haas Automation, Inc., ANCA Pty Ltd., and DANOBAT Group are some of the noteworthy players in the CNC tool and cutter grinding machine market. Other prominent players include ISOG Technology GmbH, JTEKT Corp, Korber AG, Amada Machine Tools Co., Ltd., Gebr. SAACKE GmbH & Co. KG, WIDMA Machine Tools, Rollomatic SA, Alfred H. Schütte GmbH & Co. KG, Gleason Corporation, and JUNKER Group.


The report offers comprehensive profiles on prominent market players and assesses their current standing in the market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, M&A activities, and latest R&D initiatives are outlined in the report.


Research Methodology


Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report consists of news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.


Analysis Period



  • Base Year - 2017

  • Projection Period - From 2018 to 2023

  • Market Denomination - USD Million

  • Conversion Rate - Considered as per the respective financial years


Intended Audience



  • Manufacturing Industries

  • CNC Tool & Cutter Grinding Machine Manufacturers

  • CNC Tool & Cutter Grinding Machine Service Providers


For the scope of the research, the report offers a comprehensive analysis of the global CNC Tool Cutter Grinding Machine Market


By Type



  • Tool & Cutter Grinding Machine

  • Universal Grinding Machine

  • Blank and Cylindrical Grinding Machines


By Application



  • Electrical and Electronics Manufacturing

  • Aerospace & Defense

  • Automotive


By Region



  • North America; The U.S. and Canada,

  • Europe; The UK, France, Spain, and Rest of Europe

  • Asia Pacific (APAC); China, Japan, India, and Rest of Asia Pacific

  • Rest of the World (RoW)



Frequently Asked Questions (FAQ) :


The global CNC tool and cutter grinding machine market is expected to record a substantial market valuation of USD 4.067 billion by 2023.

The global CNC tool and cutter grinding machine market is projected to register a moderate 4.52% CAGR in the forecast period.

Rising demand for efficient and fast manufacture of the component and increasing adoption in automotive and aerospace is driving the growth of the market.

the high cost of CNC machines is likely to hamper the growth of the CNC tool and cutter grinding machine market over the review period.

The blank and cylindrical segment is slated to expand as the fastest-growing segment.

A few major market players operating in the global CNC tool and cutter grinding machine market are Rollomatic SA, Gleason Corporation, Alfred H. Schütte GmbH & Co. KG, among others.

Global CNC Tool & Cutter Grinding Machine Market: Report Summary


The global CNC tool and cutter grinding machine market is anticipated to reach USD 4,067.7 million by 2023, expanding at a 4.52% CAGR during the assessment period (2018-2023). Scaling of automotive and aerospace sectors globally are expected to drive market growth over the forecast period. Demand for efficient and rapid production of components and parts in assembly lines is projected to augur market growth.


Tool and cutter grinding machines are used in sharpening tool bits and milling cutters. The advent of automation in various production and assembly lines is expected to increase the adoption of these machines. Technological developments in computer-aided design (CAD) and computer-aided manufacture (CAM) software are expected to influence the implementation of these machines. But high costs of CNC machines can pose a challenge to market growth. But nations with strong economic rates such as Indonesia, Brazil, India, and China aided by rapid industrialization can offer opportunities for expansion to the market.


The CNC tool cutter grinding machine market has been segmented based on type, application, and region. By type, the market is segmented into blank and cylindrical grinding machine, tool and cutter grinding machine, and universal grinding machine. The blank and cylindrical grinding machine segment is expected to exhibit a stellar growth rate owing to its capability to produce components in various shapes and sizes. It can induce demand in aerospace and automotive sectors. This machine is particularly used in manufacturing rods, bearings, bushings, etc. The universal grinding machine segment can purportedly grow remarkably owing to its utilization in other grinding applications.


On the basis of application, the market has been segmented into aerospace and defense, automotive, electrical and electronics manufacturing. The automotive segment is estimated to expand at a phenomenal growth rate during the forecast period due to rapid demand for cars globally. CNC tool and cutter grinding machines are used to expedite the production rate of cars by producing components in precise shapes. The aerospace and defense application segment is expected to contribute to the market due to declining crude oil prices and stable gross domestic product growth of various nations. Expansion of fleets by prominent airlines coupled with expanded defense budgets of countries such as the U.S. and China can spur segment growth in the coming years.


Regional Analysis


On the basis of regions, the global CNC tool and cutter grinding machine market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).


The APAC market accounted for 37.7% share in 2017. Presence of various industrial hubs coupled with a robust manufacturing sector across South Korea, China, and India can augur market growth in the coming years. The APAC market is estimated to showcase a 5.12% CAGR during the forecast period. China can contribute to market revenue owing to abundance of raw materials and low labor costs. Demand for consumer electronics and cars is predicted to facilitate market demand.


The Europe region is projected to expand at a phenomenal growth rate over the forecast period owing to rise in export and import trade activities. Presence of major automobile manufacturers such as Audi and BMW can influence market demand. Countries such as France, Germany, and Spain can augment market demand owing to presence of various manufacturers.


Competitive Analysis


DANOBAT Group, ANCA Pty Ltd., Vollmer, Haas Automation, Inc., J Schneeberger Maschinen AG, and Makino Milling Machine Co., Ltd are prominent names in the CNC tool and cutter grinding machine market. Other noteworthy names include WIDMA Machine Tools, ISOG Technology GmbH, JTEKT Corp, Korber AG, Amada Machine Tools Co., Ltd., Rollomatic SA, Alfred H. Schütte GmbH & Co. KG, Gleason Corporation, Gebr. SAACKE GmbH & Co. KG, and JUNKER Group. Mergers and acquisitions, partnerships with vendors, and new products are strategies employed by players to gain a larger share of the market.

1 Executive Summary

2 Market Introduction

2.1 Definition 15

2.2 Scope Of The Study 15

2.3 List Of Assumptions 15

2.4 Market Structure 16

3 Research Methodology

3.1 Research Process 18

3.2 Primary Research 19

3.3 Secondary Research 19

3.4 Market Size Estimation 19

3.5 Forecast Model 20

4 Market Dynamics

4.1 Introduction 22

4.2 Drivers 23

4.2.1 Growth In The Manufacturing Sector 23

4.2.2 Growth In The Automotive Sector 24

4.2.3 Drivers Impact Analysis 25

4.3 Restraint 25

4.3.1 High Capital Cost Of CNC Machine 25

4.3.2 Restraint Impact Analysis 25

4.4 Opportunity 26

4.4.1 Scope In Emerging Economies 26

5 Market Factor Analysis

5.1 Porter’s Five Forces Analysis 28

5.1.1 Threat Of New Entrants 28

5.1.2 Bargaining Power Of Suppliers 28

5.1.3 Threat Of Substitutes 29

5.1.4 Bargaining Power Of Buyers 29

5.1.5 Segment Rivalry 29

5.2 Supply Chain Analysis 30

6 Global CNC Tool & Cutter Grinding Machine Market, By Product Type

6.1 Overview 32

6.1.1 Tool & Cutter Grinding Machine 32

6.1.2 Universal Grinding Machine 32

6.1.3 Blank And Cylindrical Grinding Machines 32

7 Global CNC Tool & Cutter Grinding Machine Market, By Application

7.1 Overview 35

7.1.1 Automotive 35

7.1.2 Aerospace And Defense 35

7.1.3 Electrical And Electronics Manufacturing 35

8 Global CNC Tool & Cutter Grinding Machine Market, By Region

8.1 Introduction 38

8.2 North America 39

8.2.1 U.S. 41

8.2.2 Canada 42

8.3 Europe 43

8.3.1 Germany 45

8.3.2 U.K 45

8.3.3 France 47

8.3.4 Spain 48

8.3.5 Rest Of Europe 49

8.4 Asia Pacific 50

8.4.1 China 52

8.4.2 Japan 53

8.4.3 India 54

8.4.4 Rest Of Asia Pacific 54

8.5 Rest Of The World 56

8.5.1 Latin America 58

8.5.2 Middle East 59

8.5.3 Africa 60

9 Competitive Landscape

9.1 Competitive Landscape 62

10 Company Profile

10.1 Haas Automation, Inc. 65

10.1.1 Company Overview 65

10.1.2 Financial Overview 65

10.1.3 Product/Service Offering 65

10.1.4 SWOT Analysis 66

10.1.5 Key Strategy 66

10.2 Gebr. SAACKE GmbH & Co. KG 67

10.2.1 Company Overview 67

10.2.2 Financial Overview 67

10.2.3 Product/Service Offering 67

10.2.4 SWOT Analysis 67

10.2.5 Key Strategy 67

10.3 ANCA 68

10.3.1 Company Overview 68

10.3.2 Financial Overview 68

10.3.3 Product/Service Offering 68

10.3.4 Key Developments 68

10.3.5 SWOT Analysis 69

10.3.6 Key Strategy 69

10.4 Rollomatic SA 70

10.4.1 Company Overview 70

10.4.2 Financial Overview 70

10.4.3 Product/Service Offering 70

10.4.4 Key Developments 71

10.4.5 SWOT Analysis 71

10.4.6 Key Strategy 71

10.5 Korber AG 72

10.5.1 Company Overview 72

10.5.2 Financial Overview 72

10.5.3 Product/Service Offering 73

10.5.4 Key Development 73

10.5.5 SWOT Analysis 74

10.5.6 Key Strategy 74

10.6 Alfred H. Schütte GmbH & Co. KG 75

10.6.1 Company Overview 75

10.6.2 Financial Overview 75

10.6.3 Product/Service Offering 75

10.6.4 SWOT Analysis 75

10.6.5 Key Strategy 75

10.7 WIDMA Machine Tools 76

10.7.1 Company Overview 76

10.7.2 Financial Overview 76

10.7.3 Product/Service Offering 76

10.7.4 Key Developments 76

10.7.5 SWOT Analysis 77

10.7.6 Key Strategy 77

10.8 Amada Machine Tools Co., Ltd. 78

10.8.1 Company Overview 78

10.8.2 Financial Overview 78

10.8.3 Product/Service Offering 78

10.8.4 Key Developments 79

10.8.5 SWOT Analysis 79

10.8.6 Key Strategy 79

10.9 Gleason Corporation 80

10.9.1 Company Overview 80

10.9.2 Financial Overview 80

10.9.3 Product/Service Offering 80

10.9.4 Key Developments 81

10.9.5 SWOT Analysis 81

10.9.6 Key Strategy 81

10.10 DANOBAT Group 82

10.10.1 Company Overview 82

10.10.2 Financial Overview 82

10.10.3 Product/Service Offering 82

10.10.4 Key Developments 83

10.10.5 SWOT Analysis 83

10.10.6 Key Strategy 83

10.11 JUNKER Group 84

10.11.1 Company Overview 84

10.11.2 Financial Overview 84

10.11.3 Product/Service Offering 84

10.11.4 Key Developments 84

10.11.5 SWOT Analysis 85

10.11.6 Key Strategy 85

10.12 JTEKT Corp. 86

10.12.1 Company Overview 86

10.12.2 Financial Overview 86

10.12.3 Product/Service Offering 87

10.12.4 Key Developments 87

10.12.5 SWOT Analysis 87

10.12.6 Key Strategy 87

10.13 Makino Milling Machine Co., Ltd. 88

10.13.1 Company Overview 88

10.13.2 Financial Overview 88

10.13.3 Product/Service Offering 89

10.13.4 SWOT Analysis 89

10.13.5 Key Strategy 89

10.14 J Schneeberger Maschinen AG 90

10.14.1 Company Overview 90

10.14.2 Financial Overview 90

10.14.3 Product/Service Offering 90

10.14.4 SWOT Analysis 90

10.14.5 Key Strategy 91

10.15 ISOG Technology GmbH 92

10.15.1 Company Overview 92

10.15.2 Financial Overview 92

10.15.3 Product/Service Offering 92

10.15.4 SWOT Analysis 92

10.15.5 Key Strategy 92

10.16 Vollmer 93

10.16.1 Company Overview 93

10.16.2 Financial Overview 93

10.16.3 Product/Service Offering 93

10.16.4 Key Developments 93

10.16.5 SWOT Analysis 94

10.16.6 Key Strategy 94

11 Appendix

11.1 References 96

12 List Of Tables

TABLE 1 MARKET SYNOPSIS 13

TABLE 2 LIST OF ASSUMPTIONS 15

TABLE 3 GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION) 33

TABLE 4 GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 36

TABLE 5 GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY REGION, 2020-2027 (USD MILLION) 38

TABLE 6 NORTH AMERICA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 39

TABLE 7 NORTH AMERICA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 39

TABLE 8 NORTH AMERICA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 40

TABLE 9 U.S.: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 41

TABLE 10 U.S.: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 41

TABLE 11 CANADA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 42

TABLE 12 CANADA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 42

TABLE 13 EUROPE: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 43

TABLE 14 EUROPE: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 44

TABLE 15 EUROPE: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 44

TABLE 16 GERMANY: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 45

TABLE 17 GERMANY: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 45

TABLE 18 U.K: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 46

TABLE 19 U.K: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 46

TABLE 20 FRANCE: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 47

TABLE 21 FRANCE: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47

TABLE 22 SPAIN: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 48

TABLE 23 SPAIN: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48

TABLE 24 REST OF EUROPE: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 49

TABLE 25 REST OF EUROPE: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 49

TABLE 26 ASIA PACIFIC: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 50

TABLE 27 ASIA PACIFIC: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 51

TABLE 28 ASIA PACIFIC: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 51

TABLE 29 CHINA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 52

TABLE 30 CHINA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 52

TABLE 31 JAPAN: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 53

TABLE 32 JAPAN: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 53

TABLE 33 INDIA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 54

TABLE 34 INDIA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 54

TABLE 35 REST OF ASIA PACIFIC: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 55

TABLE 36 REST OF ASIA PACIFIC: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 55

TABLE 37 REST OF THE WORLD: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY REGION, 2020-2027 (USD MILLION) 56

TABLE 38 REST OF THE WORLD: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 57

TABLE 39 REST OF THE WORLD: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 57

TABLE 40 LATIN AMERICA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 58

TABLE 41 LATIN AMERICA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 58

TABLE 42 MIDDLE EAST: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 59

TABLE 43 MIDDLE EAST: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59

TABLE 44 AFRICA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION) 60

TABLE 45 AFRICA: CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60


13 List Of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR 18

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 20

FIGURE 3 DRIVERS, RESTRAINT, AND OPPORTUNITY OF GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET 22

FIGURE 4 GLOBAL MANUFACTURING COMPETITIVENESS INDEX: COUNTRY RANKINGS (2020) 23

FIGURE 5 GLOBAL VEHICLE PRODUCTION, UNITS (2020-2027) 24

FIGURE 6 DRIVERS IMPACT ANALYSIS: CNC TOOL & CUTTER GRINDING MACHINE MARKET 25

FIGURE 7 RESTRAINT IMPACT ANALYSIS: CNC TOOL & CUTTER GRINDING MACHINE MARKET 25

FIGURE 8 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET 28

FIGURE 9 SUPPLY CHAIN ANALYSIS: CNC TOOL & CUTTER GRINDING MACHINE MARKET 30

FIGURE 10 GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY PRODUCT TYPE, 2020 (IN %) 33

FIGURE 11 GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET, BY APPLICATION, 2020 (IN %) 36

FIGURE 12 GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET SHARE, BY REGION, 2020 (% SHARE) 38

FIGURE 13 NORTH AMERICA: CNC TOOL & CUTTER GRINDING MACHINE MARKET SHARE, BY COUNTRY, 2020 (IN %) 39

FIGURE 14 EUROPE: CNC TOOL & CUTTER GRINDING MACHINE MARKET SHARE, BY COUNTRY, 2020 (IN %) 43

FIGURE 15 ASIA PACIFIC: CNC TOOL & CUTTER GRINDING MACHINE MARKET SHARE, BY COUNTRY, 2020 (IN %) 50

FIGURE 16 REST OF THE WORLD: CNC TOOL & CUTTER GRINDING MACHINE MARKET SHARE, BY REGION, 2020 (IN %) 56

FIGURE 17 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL CNC TOOL & CUTTER GRINDING MACHINE MARKET,

2020-2027, (%) 62

FIGURE 18 BENCHMARKING OF MAJOR COMPETITORS 63

FIGURE 19 KÖRBER AG: TOTAL REVENUE (USD MILLION) 72


Global CNC Tool & Cutter Grinding Machine Market: Competitive Landscape


Haas Automation, Inc., ANCA Pty Ltd., DANOBAT Group, Makino Milling Machine Co., Ltd., J Schneeberger Maschinen AG, and Vollmer collectively accounted for more than 30% of the market share of the global CNC tool & cutter grinding machine market in 2017. These companies continue to retain their strong global presence through product development and expansion.


Haas Automation, Inc., is a pioneering machine tool building leader in the U.S., manufacturing a complete range of CNC (computer numerical control) vertical machining centres, horizontal machining centres, CNC lathes, and rotary products. To ensure accuracy, Haas manufactures all critical components in-house through utilization of dedicated state-of-the-art CNC machine tools. The company's 1-million-square-foot facility makes extensive use of modern lean manufacturing techniques and just-in-time production practices to rationalize production competences and diminish costs. This, combined with a highly trained workforce for assembling electronics allows Haas to control quality, cost, reliability, and availability.


DANOBAT Group has set a benchmark in machines, solutions, and advanced services in the machine tools industry by providing products and services at competitive prices. Services offered by the company include development, manufacture, and sales of machine tools and turnkey solutions. DANOBAT offers a wide range of products which include tools for grinding, milling and boring, turning, metal forming, saws, composites, and other products. The company has advanced solutions for metal cutting tools and grinder machines. It is a subsidiary of Mondrogan Corporation. DANOBAT Group has its presence in more than 30 countries in regions including North America, Europe, Africa, and Asia Pacific.


Makino Milling Machine Co., Ltd. is a leading company in the segment of milling machines and machining centres. The company has a wide portfolio of business such as manufacture, sales, and export of products relevant to machine tools industry. Makino offers products in broad segments including machining centers, NC electrical discharge machines, NC milling machines, milling machines, CAD/CAM systems, and others. The company has state of the art machine tools and machining technology, which are used in many industries. The end-use industries entail transportation, automobiles, and aircraft. Makino has presence in North America, Asia Pacific, and Europe.


J Schneeberger Maschinen AG is pioneering in the cutting tools industry. The company has its business in the manufacture of metal cutting machines and service related to their products. Schneeberger offers a wide range of products that include tool and cutting grinder, production grinding, machines, software, and accessories. The company has an experience of more than 90 years in the metal cutter and grinding industry, which enables it to distinguish itself from other competitors. Some of the subsidiaries of Schneeberger are J. Schneeberger Service SARL, J. Schneeberger Service Italia srl, J. Schneeberger Maschinen GmbH, J. Schneeberger Corp., and J. SCHNEEBERGER (Nanajing) Co. Ltd. The company has presence in North America, Asia Pacific, Europe, and Africa.  


Vollmer is a leader in the cutting tools industry. The company offers a wide range of products in metal sharpening and tools handling. Vollmer produces, sells, and serves through after-sales maintenance of band saws, circular saws, and rotary tools. Vollmer holds experience of more than 100 years and is a prominent player in the area of sharpening and erosion machines. The company sustains in the market through its expertise in sawmills, tool manufacture, and sharpening services. The company has 14 subsidiaries and 30 agents and production sites in Morlenbach, Germany, and Taicang, China. Vollmer has subsidiaries in regions such as North America, Europe, Asia Pacific, and Latin America.


The global CNC tool & cutter grinding machine market is characterized by the presence of many global, regional, and local players. The market is extremely competitive with all major players incorporating various strategies to improve their market share. Strong competition and technological advancement are key factors that confront market growth. The dealers primarily compete on the basis of cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality CNC tool & cutter grinding machines, in order to survive and succeed in an intensely competitive market environment. Extensive growth in CNC tool & cutter grinding machine market has brought to the need for new product development on a large scale to stay relevant in the market. This is a key strategy adopted extensively by the players with a 56.0% share, to increase the number of offerings to the customer around the globe. Expansion is also a major strategy adopted by the major players in the global CNC tool & cutter grinding machine market with a share of 25.0% to spread their geographical presence and improve operational efficiencies.