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Grinding Machine Market Size - By Type (Non Precision Grinder, Precision Grinder), By Application (Automotive, Aerospace, Medical, Construction, Industrial Manufacturing, Electrical and Electronics, Marine Industry, Others), & Forecast, 2024 - 2032


Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery

Publisher : MIR | Format : PDF&Excel

Grinding Machine Market Size - By Type (Non Precision Grinder, Precision Grinder), By Application (Automotive, Aerospace, Medical, Construction, Industrial Manufacturing, Electrical and Electronics, Marine Industry, Others), & Forecast, 2024 - 2032

Grinding Machine Market Size

Grinding Machine Market was valued at USD 5.7 billion in 2023 and is estimated to grow at a CAGR of over 5.1% between 2024 and 2032. The growth of industries such as automotive, aerospace, machinery, electronics, and construction drives the demand for grinding machines. These industries rely on grinding processes for precision machining, surface finishing, and material removal operations, creating a continuous demand for grinding machines to support manufacturing activities.

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The demand for precision-engineered components with tight tolerances and high surface quality is rising across various industries. Grinding machines play a critical role in producing precision parts with accurate dimensions, smooth surfaces, and fine finishes, meeting the stringent quality standards and performance requirements of end-users. Ongoing advancements in grinding technology, including machine automation, digitalization, and precision grinding techniques, enhance the efficiency, accuracy, and productivity of grinding operations. Manufacturers invest in advanced grinding machines equipped with innovative features and capabilities to improve process performance, reduce cycle times, and meet evolving customer demands.

Grinding Machine Market Report Attributes
Report Attribute Details
Base Year 2023
Grinding Machine Market Size in 2023 USD 5.7 Billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 5.1%
2032 Value Projection USD 8.9 Billion
Historical Data for 2021 – 2023
No. of Pages 487
Tables, Charts & Figures 261
Segments covered Type, Cleaning Mechanism, Filter Media, End-use, Region
Growth Drivers
  • Industrial manufacturing growth
  • Increasing demand for precision components
  • Advancements in grinding technology
  • Growth of end-user industries in emerging markets
Pitfalls & Challenges
  • Technological complexity and integration challenges
  • High initial investment costs

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The upfront investment costs associated with grinding machines can be significant, especially for advanced robotic automation, and high-precision grinding equipment. Manufacturers and end-users may hesitate to invest in new grinding machines due to the substantial capital expenditure required, particularly in industries with tight budgets or uncertain market conditions. Cost considerations, return on investment (ROI), and financial viability can influence purchasing decisions and delay equipment upgrades or replacements. Grinding machines are becoming increasingly complex, incorporating advanced technologies such as robotic automation, and sensor-based systems. Integrating these technologies into grinding machines requires specialized expertise, sophisticated software, and seamless integration with existing manufacturing systems.

Grinding Machine Market Trends

The integration of Industry 4.0 principles and digital technologies into grinding machines is a significant trend shaping the market. Manufacturers are incorporating features such as IoT (Internet of Things) connectivity, real-time monitoring, predictive maintenance, and data analytics into grinding machines to improve efficiency, productivity, and reliability. Industry 4.0-enabled grinding machines facilitate remote monitoring, predictive maintenance scheduling, and performance optimization, enabling manufacturers to maximize equipment uptime, reduce downtime, and enhance overall equipment effectiveness (OEE). Automation and robotics are increasingly being integrated into grinding machines to automate repetitive tasks, improve process consistency, and enhance productivity.

Manufacturers are deploying robotic grinding cells, automated loading/unloading systems, and robotic tool changers to streamline production, reduce labor costs, and increase throughput. Robotic grinding systems offer benefits such as higher accuracy, faster cycle times, and 24/7 unmanned operation, driving adoption in industries such as automotive, aerospace, and medical device manufacturing.

Grinding Machine Market Analysis

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Based on type, the non precision grinders segment was reached USD 3.3 billion in 2023 and is expected to cross USD 5.3 billion by 2032. Non-precision grinders are often chosen for their cost-effectiveness in machining applications where high precision is not a primary requirement. These machines are preferred for bulk material removal tasks and rough grinding operations, providing an economical solution for industries seeking to minimize machining costs while maintaining acceptable quality standards. Non-precision grinders are capable of high material removal rates, making them suitable for applications where rapid stock removal is necessary.

Industries such as automotive, aerospace, and heavy machinery manufacturing leverage non-precision grinders to efficiently remove excess material from workpieces, shape components, and prepare surfaces for further machining or finishing operations. Precision grinders are essential for manufacturing industries that require tight tolerances, fine surface finishes, and superior dimensional accuracy in machined components. Industries such as aerospace, medical device manufacturing, and precision engineering rely on precision grinders to produce critical parts and components with micron-level precision and exceptional surface quality.

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Based on application, the construction segment held the dominant market share of 25% in 2023. The construction industry relies on grinding machines for processing construction materials such as concrete, stone, ceramics, and asphalt. Grinding machines with high material removal rates, aggressive abrasive wheels, and robust construction enable construction contractors and manufacturers to achieve efficient material processing, surface preparation, and finishing operations, enhancing productivity and quality in construction projects. The automotive industry demands high-precision components with tight tolerances and fine surface finishes for engine parts, transmission components, and chassis elements.

Grinding machines are essential for achieving the required dimensional accuracy, surface quality, and geometrical precision in automotive components, driving the demand for grinding machines in automotive manufacturing. The aerospace industry demands components with the highest levels of quality, reliability, and safety due to the critical nature of aerospace applications. Grinding machines play a vital role in aerospace manufacturing by providing the precision, accuracy, and surface finish required for aerospace components such as turbine blades, engine casings, and structural components, meeting the stringent quality standards and regulatory requirements of the aerospace industry.

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North America grinding machine market size surpassed USD 1.2 billion in 2023 and is expected to reach USD 2 billion by 2032. The automotive sector is a major consumer of grinding machines in North America, driving demand for precision grinding equipment for the production of critical components such as engine parts, transmission components, and chassis elements. The aerospace industry is another significant end-user of grinding machines in North America, requiring precision grinding equipment for machining complex aerospace components such as turbine blades, engine casings, and structural elements. The industrial machinery and equipment sector represents a significant market for grinding machines in North America, requiring grinding equipment for various applications such as metalworking, fabrication, and tool and die manufacturing.

Grinding Machine Market Share

Grinding Machine industry seem to be highly fragmented in nature due to presence of local and global players across the globe. In 2023, the market players such as Amada Machine Tools Co., Ltd., ANCA Pty Ltd., Danobat Group, Junker Group, Makino Milling Machine Co., Ltd., Gleason Corporation, Schaudt Mikrosa GmbH, Haas Automation, Inc. collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Grinding Machine Market Companies

Major key players operating in the grinding machine industry are

  • Amada Machine Tools Co., Ltd.
  • ANCA Pty Ltd.
  • Danobat Group
  • Junker Group
  • Makino Milling Machine Co., Ltd.
  • Gleason Corporation
  • Schaudt Mikrosa GmbH
  • Haas Automation, Inc.
  • Doimak
  • Kellenberger & Co. AG
  • UNITED GRINDING North America, Inc.
  • Okuma Corporation
  • Studer AG
  • Toyoda Machinery USA Corporation
  • EMAG GmbH & Co. KG

Grinding Machine Industry News

  • In February, 2024, Nidec Machine Tool Corporation, a group company of Nidec Corporation, announced that it has developed the world’s first high-accuracy polishing (grinding) method to machine internal gears for mass production that are used for automobiles’ drive units and transmissions and for robots’ joints.
  • In September, 2023, Star Cutter Company has acquired Tru Tech CNC grinding systems from Resonetics (Nashua, N.H.), This may likely to expand its growth in North America and Europe region of the companies and help to perform its operation at the Michigan facilities in Mt. Clemens and Lewiston.

This grinding machine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion)(Million Units) from 2021 to 2032, for the following segments

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Market, By Type

 

  • Non-Precision Grinder
    • Bench Grinder
    • Portable Grinder
    • Pedestal Grinder
    • Flexible Grinder
  • Precision Grinder
    • Cylindrical Grinding Machines
    • Surface Grinding Machines
    • Centre-less Grinding Machines
    • Tool and Cutter Grinding Machines
    • Others

Market, By Application

  • Automotive
  • Aerospace
  • Medical
  • Construction
  • Industrial Manufacturing
  • Electrical and Electronics
  • Marine Industry
  • Other

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )