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

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.

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.