Grinding Machines Market Size Worth USD 6.73 Billion by 2026; Rise in Industrial Automation Activities to Promote Market Growth

The global grinding machines market size will reach USD 6.73 billion by 2026, on account of the increasing demand from the aerospace industries worldwide. As per a Fortune Business Insights™ report titled, “Grinding Machines Market Size, Share & Industry Analysis, By Product (CNC (Cylindrical Grinding Machine, Surface Grinding Machine, Others (Centerless Grinding Machine, Gear Grinding Machines)), Conventional), By Application (Automotive, General Machinery, Precision Machinery, Transport Machinery, Others) and Regional Forecast, 2019-2026.” However, in 2018, the market value stood at USD 4.72 billion. Furthermore, the market is expected to rise at a CAGR of 4.6% during the forecast period, 2019 – 2026.

Need for Highly Precise Performance from Automotive Sector to Boost Market

The increasing demand for CNC (computer numeric control) grinding machines is an important factor promoting the grinding machinery market growth. Additionally, the rise in industrial automation activities to suffice to the needs of high precise performance from the automotive sector will also help to aid in the expansion of the grinding machines market during the forecast period. Moreover, the rise in need for flexible and improved heaters and chillers in the grinding equipment for application in automotive industries is further anticipated to attract high grinding machine market revenues in the coming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/grinding-machines-market-101950

Detailed Segmentation of Grinding Machinery Market

• Product – On the basis of product, the market is categorized into conventional and CNC (computer numeric control). The CNC is further classified into cylindrical, surface, and others, including gear and centerless grinding machines. Among these, the CNC machine segment accounts for the leading grinding machinery market share. This is owing to the increased requirement for high precision and enhanced productivity of these grinders. Apart from this, CNC grinders also help to reduce the operational cost and are therefore expected to continue dominating the market in the coming years. On the other side, the cylindrical grinding machine segment is likely to witness significant growth on account of rising demand for high precision objects such as busing, rods, tubes, bearings, and others.


• Application – With respect to application, the market is segmented into precision engineering, general machinery, automotive, transport machinery, and others. The rise in demand for different applications such as aerospace, die & mold, automotive, and medical industries have helped the automotive industry account for the largest grinding machine market share. This is further expected to continue in the forecast period on account of the extensive uses of grinding equipment for serving both outside and inside diameter grinding that includes brake piston, spline and gear shafts, camshafts, hydraulic steering pistons, brake piston, and others. On the other hand, the precision engineering segment is expected to witness the fastest growth rate on account of the increasing demand for crucial components in industries such as oil and gas, semiconductors, consumer electronics, and electrical, aerospace, and medical.


• Region – Geographically, the market is dominated by Asia Pacific on account of the increasing demand from different industries such as aerospace and automotive. Apart from this, the adoption of new aircraft by emerging nations such as India, Vietnam, and Indonesia is augmenting the growth of the aerospace industry and ultimately anticipated to increase the overall grinding machinery market size in the forecast period. For instance, India is awaiting the arrival of Boeing 777 planes by 2020. On the other hand, the Europe market will also witness remarkable growth on account of the well-established automotive industry.

Manufacturing Specific Grinders for Specific Purposes is Prime Motive of Manufacturers

Grinding machines market manufacturers are stressing on the development of efficient and high precise product development for earning high grinder machine market revenue. Besides this, companies are trying to launch new grinding machines specially manufactured for serving specific purposes. For instance, the crankshaft and camshaft grinding machinery manufactured by JTEKT Toyoda Americas Corporation is specially made for serving high production purposes in the automotive industry.

Recent key industry developments of grinding machines market include:

• August 2019 – The United Grinding North America company launched a 360-degree range of STUDER internal cylindrical grinding machines. These machines are meant for use in radii and high production grinding operations.


• January 2018 – ANCA, the world leader of CNC grinding machinery, launched a TapXmicro grinding solution for single setup grinding micro taps of 3mm. These grinding machines are used especially for the micro tap market.

Some of the key grinding machines market manufacturers are as follows:

• JTEKT Toyoda Americas Corporation


• Falcon Machine Tools Co., Ltd


• United Grinding North America


• Junker Group


• DANOBATGROUP


• ANCA


• Amada Machine Tools Co., Ltd.


• Makino


• Mitsubishi Heavy Industries, Ltd


• DMG Mori

The global grinding machinery market is categorized in the following manner: