The Grinding Machinery market industry is projected to grow from USD 5.51 Billion in 2024 to USD 7.75 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2032). Grinding Machinery Market Size was valued at USD 5.25 Billion in 2023. Industrial automation, demand from end-use industries, advancements in technology, growing manufacturing sector, focus on energy efficiency, replacement and upgradation, globalization and trade, focus on quality and precision, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
An important factor in the market expansion of grinding machinery is the expanding manufacturing sector. The demand for accurate and high-quality components develops across many industries, including automotive, electronics, aerospace, medical devices, and more, as economies grow and industrial activity rises. In order to process and refine materials to exact requirements and ensure the effective manufacturing of essential components and parts, grinding machinery is essential in addressing these needs.
The demand for precision and uniformity in manufacturing is what is driving the market expansion of grinding equipment. Even the slightest variation in component dimensions can have serious repercussions in sectors like automotive and aerospace where safety and performance are crucial. Modern industrial processes have strict requirements for tight tolerances, smooth surface finishes, and exact geometries, and grinding technology provides these capabilities. Additionally, as markets become more cutthroat, manufacturers face ongoing pressure to increase productivity and lower costs. By automating procedures, lowering the amount of manual labor required, and maximizing the use of materials, grinding machinery helps to increase productivity. Modern grinding machines can handle complex processes with little to no human involvement thanks to enhanced automation features and computer numerical control (CNC) systems. This leads to better output rates and cheaper per-unit costs.
The expanding manufacturing industry also contributes to the market expansion by increasing demand for grinding equipment in a variety of applications. Specific grinding solutions are needed for various industries depending on their particular requirements. For instance, the automotive industry needs grinding equipment for the precise grinding of gears, transmission parts, and engine components. In contrast, the electronics sector uses grinding machines to flatten wafers and precisely finish semiconductor materials. The demand for specialized grinding equipment grows and changes along with these industries, driving market expansion. The growth of additive manufacturing, or 3D printing, has also contributed to a rise in the demand for grinding equipment. Despite the unparalleled design flexibility that 3D printing provides, the surface smoothness and tolerances that are occasionally produced by this method may not be up to par. For functional and end-use parts across numerous industries, post-processing with grinding equipment enables producers to obtain the necessary surface polish, accurate dimensions, and tight tolerances.
The increased attention being paid to sustainability and energy efficiency in manufacturing also helps the industry expand. Manufacturers of grinding equipment have responded to these needs by creating more energy-efficient models and using eco-friendly practices. Manufacturers looking to connect their operations with sustainable standards while retaining high-quality manufacturing are drawn to reduced electricity consumption and lower environmental impact. Additionally, the market for grinding equipment has been greatly impacted by the expansion of the industrial sector in emerging economies. The need for cutting-edge machinery is growing as nations like China, India, and Brazil increase their industrial capacities and expand their manufacturing bases. Manufacturers of grinding machinery have a ton of opportunity in these areas to enter new markets and build a global brand.
The ongoing innovation and technological developments in grinding machinery are another factor driving market expansion. Manufacturers are eager to invest in cutting-edge grinding machines that offer improved capabilities as they look to streamline their processes and maintain their competitiveness. The demand for more advanced grinding equipment is on the rise because to innovations like intelligent grinding systems, machine learning applications for process optimization, and enhanced abrasives. Thus, driving the Grinding machine tooling market revenue.
The Grinding Machinery Market segmentation, based on type includes Cylindrical, Surface, Gear, Tool and Cutter & Other Grinding Machinery. The cylindrical segment dominated the market in 2022 due to machine tool and part makers' quick adoption of CNC cylindrical grinding machines.
The Grinding Machinery Market segmentation, based on Application, includes Aerospace & Defense, Automotive, Electrical & Electronics, Shipbuilding, & Others. The automotive category generated the most income in 2022 due to the growth in global production and sales of electric vehicles as well as the expansion of the automotive infrastructure in emerging economies.
The Grinding Machinery Market segmentation, based on Distribution Channel includes Online & Offline. The online segment dominated the market in 2022 as a result of the rise in multi-brand e-commerce websites.
Figure 1: Global Grinding Machinery Market, by Distribution channel, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Grinding Machinery Market dominated this market in 2022 (45.80%) because of the governments' supportive policies in developing nations like China and India. Additionally, the strong demand from numerous industries will contribute to the expansion of the local market. Moreover, China’s grinding machines market held the largest market share, and the Indian Grinding Machinery market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Grinding Machinery Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Grinding Machinery market accounts for the second-largest market share due to regional industrial industry expansion. Further, the German Grinding Equipment market held the largest market share, and the UK Grinding Machinery market was the fastest growing market in the European region.
The North America Grinding Machinery Market is expected to grow at the fastest CAGR from 2024 to 2032. Advanced technology, a stable economy, heavy industrialization, and the presence of major market players like Gleason Corporation and Hybrid Manufacturing Technologies in the US are the factors driving the growth of the grinder machinery market in North America. Further, the U.S. Grinding Machines & Industrial Metal Grinders market held the largest market share, and the Canada Grinding Machinery market was the fastest growing market in the North America region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Grinding Machinery market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Grinding Machinery industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Grinding Machinery industry to benefit clients and increase the market sector. In recent years, the Grinding Machinery industry has offered some of the most significant advantages to medicine. Major players in the Tool and cutter grinders market, including Amada Machine Tools Co. Ltd (Japan), DANOBAT (Spain), ANCA Pty Ltd (Australia), Junker (Germany), Korber AG (Germany), Fives (France), Gleason Corporation (US), Hybrid Manufacturing Technologies (US), Makino Milling Machine Co. Ltd (Japan), JTEKT Corporation (Japan), and others, are attempting to increase market demand by investing in research and development operations.
A manufacturer and retailer of equipment, JTEKT Corp (JTEKT) specializes in power steering systems. The business creates, produces, and sells machine tools, bearings, and automotive components. The company's product line includes, among other things, self-manufacturing control systems, gear skiving centers, bearings, chassis-related parts, unit products, and precision machines. It provides goods and services throughout the Asia Pacific, South America, North America, Europe, and other regions in the automobile, railway, aircraft, construction machinery, steel, aviation, agricultural machinery, and wind power generation sectors. The business operates factories, sales offices, and other facilities all around the world. The headquarters of JTEKT are in Osaka, Japan.
Tsunezo Makino established his first machine shop in Tokyo, Japan, in 1930. Tokyo continues to house the global headquarters of Makino Milling Machine Company nearly a century later. Makino then offers cutting-edge equipment, tools, and solutions in Japan, Korea, and Taiwan. The first horizontal machining center that was commercially viable was unveiled by Makino's Tokyo Research & Development division. They pioneer new machine and system developments in the sector, constantly striving to find solutions to challenges of the future today.
August 2022: The MX7 ULTRA, a premium, next-generation machine series from ANCA, a top manufacturer of grinding machines, represents a significant advancement in precision machine design and will change industry standards for accuracy and tool life. This machine series is designed to produce the highest accuracy and quality cutting tools.
May 2022: In order to offer their customers more comprehensive support by providing complementary grinding solutions and utilizing shared sales networks, Tschudin AG, a global technology leader in high precision cylindrical grinding, and the United Grinding Group, a leading manufacturer of precision grinding machines, formed a strategic partnership involving cross-ownership.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 5.25 Billion |
| Market Size 2024 | USD 5.51 Billion |
| Market Size 2032 | USD 7.75 Billion |
| Compound Annual Growth Rate (CAGR) | 4.35% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors and Trends |
| Segments Covered | Type, Application, Distribution Channel and Region |
| Geographies Covered | North America, Europe, Asia Pacific and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil |
| Key Companies Profiled | Amada Machine Tools Co. Ltd (Japan), DANOBAT (Spain), ANCA Pty Ltd (Australia), Junker (Germany), Korber AG (Germany), Fives (France), Gleason Corporation (US), Hybrid Manufacturing Technologies (US), Makino Milling Machine Co. Ltd (Japan), JTEKT Corporation (Japan) |
| Key Market Opportunities | Growing sale of automobiles especially electric vehicles globally |
| Key Market Dynamics | Developing aerospace & defense infrastructure in emerging markets |
Grinding Machinery Market Highlights:
Frequently Asked Questions (FAQ) :
The Grinding Machinery Market size was valued at USD 5.25 Billion in 2023.
The global market is projected to grow at a CAGR of 4.35% during the forecast period, 2024-2032.
Asia-pacific had the largest share in the global market.
The key players in the market are Amada Machine Tools Co. Ltd (Japan), DANOBAT (Spain), ANCA Pty Ltd (Australia), Junker (Germany), Korber AG (Germany), Fives (France), Gleason Corporation (US), Hybrid Manufacturing Technologies (US), Makino Milling Machine Co. Ltd (Japan), JTEKT Corporation (Japan).
The cylindrical category dominated the market in 2022.
The online had the largest share in the global market.
Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
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