"Catapult Your Business to Fore, Gain Competitive Advantage "
The global grinding machines market size stood at USD 4.72 billion in 2018 and is projected to reach USD 6.73 billion by 2026, exhibiting a CAGR of 4.6% during the forecast period.
The rise in demand for Computer Numerical Control (CNC) grinding machines is expected to drive the global grinding machines market. This is further attributable to the increasing industrial automation activities owing to high precision requirements. The surge in demand for high surface quality is likely to result in high penetration of grinding machines as finishing equipment across industries including general machinery, automotive, and aerospace sectors. The increasing technological advancements in grinding machines is expected to attract high grinding machine market revenue in the forthcoming years. For instance, the new grinding wheel technology in cylindrical grinding machines controls various functions including material & dressing processes, and pump options. Furthermore, the intelligent software used in grinding machines is easy to operate and thus provides enhanced productivity.
Request a Free sample to learn more about this report.
The increasing capability of grinding machines to offer stable processing temperatures is resulting in high demand for the grinding machines market. This is attributed to the improved chillers and heaters which are gaining popularity in critical applications including aerospace and automotive industries. Furthermore, the need for increased flexibility and speed is expected to give rise to grinding machine modernization. For instance, the Studer grinding machines by United Grinding North America offer high flexibility through multi-wheel setup which helps in processing the entire part without multiple setups and runout issues. This product line specializes in the development of small part in large series for hydraulic and fuel injection industries. Moreover, the manufacturers are refining their machines to offer customers with a reduced round of grinding. For instance, the ANCA Inc. refined its cylindrical grinding machine to allow it to spin headstock up to 3000 rpm. ANCA machines also come with the in-process gaging feature. The above-mentioned trend prevailing in the industry is expected to result in the grinding machinery market growth.
“Increasing Adoption of CNC Grinding Machines to Propel Market”
The increasing adoption of Industry 4.0 solutions is focusing on the development of smart factories which, in turn, is resulting in the high demand for CNC grinding machines. Industry 4.0 solutions are resulting in the emerging trend towards big data and automation in the manufacturing sector. The influence of big data in the manufacturing sector, especially in quality assurance, is gaining importance among manufacturers. The ability to leverage real-time information about the product and process is expected to result in high product adoption. Furthermore, the integration of automatic virtual meteorology (AVM) an online inspection system is expected to reduce delays and this is gaining traction in the manufacturing industry. The rising need for improved human-machine interaction is also resulting in increased demand for CNC grinding machines. Key manufacturers are focusing on the development of gear grinding and finishing machines that generate NC code automatically after data input. This will enable technicians to change input data settings through mobile applications. Industry 4.0 has resulted in the addition of sensors in grinders for predictive maintenance purposes. For instance, the Chevalier Machinery Inc. offers two-spindle sensors, one is dedicated to automatic balancing and the other spindle loading meter helps to determine the wheel dressing cycle for machine maintenance. Also, the enhanced transparency, high efficiency, and improved process control is resulting in greater demand for CNC grinding machines which, in turn, is expected to result in grinding machines market growth during the forecast period.
“Software Advancements in Cylindrical Grinding is Resulting in High Adoption of Grinding Machines”
The increasing need for high accuracy and surface finishing has resulted in technologically driven grinding software. The software helps in calculating the feed, speed, spark out times, and other process parameters to achieve high efficiency. Besides this, the lack of skilled operators is resulting in high demand for grinding software. Manufacturers are thus focusing on developing advanced software to ease the setup of the grinding process. For instance, Chevalier Machinery Inc. offers a graphic program that asks the operator which job is required and then creates the program accordingly. Thus, anyone without any experience in CNC operating or programming can use it. The various benefits of grinding software such as reduced production cost, minimize setup, grinding and programming times is expected to drive the demand for the grinding machines market. According to multiple sources, the United Grinding software reduces the setup time by more than 10% with a single wheel and approximately 90% with four wheels. Besides, the software can set grinding methods, speed, and feed rates and result in reduced production time. In addition, the software also provides critical functions including wheel balancing. This will help increase the overall grinding machines market size in the forecast period. For instance, the ANCA offers a software suite that prevents harmonics and vibrations through in-machine balancing. The increasing demand for remote monitoring and control is driving the need for grinding software. For instance, Chevalier Machinery offers an iMachine Communication System that forecasts production issues, prevents downtime, and monitors performance through its MT-LINKi. Thus, the features mentioned above offered by the software are expected to increase the grinding machine market demand in the near future.
“Rising Preference Towards CNC Cylindrical Grinding Machine to Bode Well for the Market”
Based on the product, the grinding market is segmented into CNC and Conventional. CNC is further drilled down into cylindrical grinding machines, surface grinding machines, and others. The CNC grinding machine segment holds the major grinding machines market share. This is attributable to the surge in need for time efficiency, high precision, reduced operational cost, and enhanced productivity. The significant increase in the adoption of cylindrical grinding machines is one of the major factors driving the grinding machine market. This is attributed to the increased demand for the production of high precision objects such as bearings, busing, tubes, and rods. The increasing technological advancement in product and software is further expected to increase the grinding machine market size. For instance, the chrome plating replaced with HVOF coatings in cylindrical grinding machines is attracting the aerospace industry. The surface grinding machines demand is increasing owing to the rise in need for the production of precise small parts. The conventional grinding machines market size is impacted owing to the technological advancements in grinding machines. Also, the increase in demand for the centerless grinding machines owing to the reduced operational time is expected to attract high grinding machines market share. The rise in demand for precision gear grinding machines from aerospace, electronics, and the automotive sector is expected to drive the market in the near future.
The report focuses on ongoing grinding machines market trends based on several applications including automotive, precision engineering, general machinery, transport machinery, and others.
The increasing demand for varied applications including medical, die & mold, aerospace, and automotive industries are expected to drive the grinding machines market. The automotive industry extensively uses grinding machines for various applications for outside diameter & inside diameter grinding including hydraulic steering pistons, brake cylinders, brake piston, spline, and gear shafts, connecting rods, and camshafts. The grinding ensures high precision fitting of the automotive parts. Precision engineering is the fastest growing market owing to the increased demand for critical components in industries including semiconductors, consumer electronics & electrical, medical, oil & gas, and aerospace industries. Furthermore, the general machinery is positively contributing to the market size owing to the increasing industrialization in developing economies such as China, India, and Vietnam. Moreover, the rise in global trade is also resulting in an increasing demand for transportation machinery.
To know how our report can help streamline your business, Speak to Analyst
Geographically, the scope of the study is segmented across five major regions, such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, which is further categorized into countries.
Asia Pacific holds the major grinding machines market share. This is attributed to the high demand from various industries including aerospace, automotive, and tooling applications. The increasing demand for the aerospace sector across the Asia Pacific region is expected to drive the grinding machine market. The procurement of new aircraft by developing countries such as Indonesia, Vietnam, and India is resulting in the growth of the aerospace industry. For instance, two B777 planes are likely to arrive in India by 2020. North America has witnessed significant growth owing to the increasing demand from the metal processing industry. Europe is expected to contribute positively to the grinding machinery market growth owing to the strong foothold of the automotive industry. The Middle East & Africa is growing on account of the increasing machine manufacturing in Turkey. This is attributable to the rising demand for construction and mining machinery. Increasing demand for metal fabrication is likely to result in the growth of the grinding machines market in Latin America.
Asia Pacific Grinding Machines Market, 2018 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
“Leading Players are Focusing on Technological Advancements “
The grinding machine market manufacturers are focusing on high precision and efficiency through new product development. Furthermore, the players are focusing on special purpose grinding machines. For instance, JTEKT Toyoda Americas Corporation provides camshaft and crankshaft grinding machines specially designed for high production in the automotive industry. Manufacturers are focusing on speed and feed rates to improve production. Furthermore, the improved grinder design to reduced thermal issues is the current focus of leading players. For instance, JTEKT Toyoda Americas Corporation has changed its casting design to control heat fluctuation through isolation of casting from coolant using a steel plate with an air gap.
The report offers an elaborative analysis of numerous factors affecting the global market. These include opportunities, growth drivers, threats, key developments, and restraints. In addition to this, it further helps in analyzing, segmenting, and defining the market based on different segments such as product and application. It strategically analyzes several strategies such as product innovations, joint ventures, and acquisitions adopted by players in the industry.
An Infographic Representation of Grinding Machines Market
To get information on various segments, share your queries with us
Value (USD billion)
As per our (Fortune Business Insights) study, the global market was valued at USD 4.72 billion as a result of increasing demand from various industries such as automotive, aerospace and construction machinery.
In 2026, the global market is expected to reach USD 6.73 billion.
The market is projected to grow at a CAGR of 4.6% during the forecast period (2019-2026).
Precision machinery segment is expected to lead the market during the forecast period owing to the increasing demand from the critical product manufacturing in large numbers.
Technological advancements and adoption of CNC grinding machines is expected to drive the grinding machine market during the forecast period.
Amada Machine Tools Co., Ltd, United Grinding North America, ANCA and Mitsubishi Heavy Industries, Ltd are among the few key players in the global grinding machines market.
Asia Pacific is expected to be the fastest-growing region in the grinding machine market owing to the increasing demand from the industries, including aerospace, automotive and medical sectors. The growing demand for commercial airplanes is expected to drive the aerospace industry in Asia Pacific.
The increasing capabilities of grinding machines through product innovation and advancements in software technology are the key trends of the grinding machines market.
The automotive application holds the major grinding machines market share. This is attributed to the wide spread applications in the automotive industry.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry