What Has Been Grinding Machinery Market in Recent Years?
The grinding machinery market has seen considerable growth due to a variety of factors.
• The market size for grinding machinery has witnessed a robust surge in recent times. The industry, which is valued at $7.58 billion in 2024, is projected to escalate to $8.18 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.0%.
Factors contributing to this progression in the historic phase include a thriving economy in developing regions, expansion in construction tasks, development in the aerospace sector, a jump in automotive manufacturing, and heightened usage of machine implements.
What Is the Forecasted Market Size and Growth Rate for The Grinding Machinery Market?
The grinding machinery market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the grinding machinery market is anticipated to witness robust growth, escalating to a significant $11.19 billion by 2029, at a compounded annual growth rate (CAGR) of 8.1%.
The projected growth during this period can be credited to factors such as increasing urbanisation, the expansion of the shipbuilding industry, and the rising demand from the mining sector. The forthcoming period would also see prevalent trends including technological advancements, automation solutions, deployment of robotic machines, innovative grinding solutions based on Industry 4.0 and IIoT (Industrial Internet of Things), novel product introductions, and strategic alliances and cooperations.
What Factors Are Driving Growth In The Grinding Machinery Market?
The anticipated surge in industrial automation is predicted to fuel the expansion of the grinding machinery market. Industrial automation pertains to the self-regulation of machines and industrial procedures by independent systems such as robots, computer software, and so forth. As industrial automation uptake grows, it is expected to stimulate a higher demand for grinding machinery since new machinery compatible with automation software and system will be needed. For example, the International Federation of Robotics, a non-profit entity from Germany, stated that in May 2023, there was a 12% increase in industrial robot installations, reaching 41,624 units in manufacturing in 2022. The predominately U.S., Canadian, and Mexican automotive industry is the primary industry for adoption with 20,391 units installed, marking a 30% increase since 2021. Therefore, the rise in industrial automation is projected to enhance the demand for grinding machinery in the forthcoming period.
What Key Areas Define The Segmentation Of The Global Grinding Machinery Market?
The grinding machinery market covered in this report is segmented –
1) By Product: Angle Grinders, Bench Grinders, Belt Grinders, Wet Grinders, Die Grinders, Floor Grinders, Surface Grinders, CNC
2) By Application: Automotive, Transport Machinery, General Machinery, Precision Engineering, Other Applications
3) By Distribution: Online, Offline
Subsegments:
1) By Angle Grinders: Corded Angle Grinders, Cordless Angle Grinders
2) By Bench Grinders: Single-Speed Bench Grinders, Variable-Speed Bench Grinders
3) By Belt Grinders: Horizontal Belt Grinders, Vertical Belt Grinders
4) By Wet Grinders: Tabletop Wet Grinders, Commercial Wet Grinders
5) By Die Grinders: Pneumatic Die Grinders, Electric Die Grinders
6) By Floor Grinders: Concrete Floor Grinders, Polishing Floor Grinders
7) By Surface Grinders: Manual Surface Grinders, Automatic Surface Grinders
8) By CNC: CNC Cylindrical Grinders, CNC Tool And Cutter Grinders
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How Are Emerging Trends Reshaping The Dynamics Of The Grinding Machinery Market?
Key players in the grinding machinery marketplace are prioritizing the optimization of Polish grinding techniques. This strategy is aimed at amplifying the gear's load-bearing attributes while reducing surface roughness, resultant in diminished friction and heightened efficiency in transmission systems. Polish grinding techniques incorporate innovative machining practices targeted at refining the surface finish of manufactured items, specifically gears and other precise parts. For example, Nidec Machine Tool Corporation, a Japanese enterprise specializing in grinding and polishing apparatuses, revealed in February 2024 an unprecedented, highly accurate polishing method aimed at mass-producing internal gears. These gears are vital components in automotive drive systems and robotic joints. This breakthrough method overcomes hurdles in gear quality, longevity, transmission efficiency, and noise performance, highlighting Nidec's dedication to advancing gear technology in response to escalating demands for electrification and automation.
Who Are the Key Players in the Grinding Machinery Market?
Major companies operating in the grinding machinery market include:
• Fanuc
• JTEKT Corporation
• DMG Mori
• Amada Co. Ltd
• Makino Milling Machine Co. Ltd
• ANCA Pty Ltd
• Junker Group
• DANOBAT GROUP
• Okuma Corporation
• Gleason Corporation
• Mitsubishi Heavy Industries Ltd
• Koyo Machine Industries Co Ltd
• Micromatic Grinding Technologies Pvt Ltd
• Youil Grinding Machine Co. Ltd
• Jiangsu Zhihe Intelligent Equipment Co. Ltd
• Quanzhou DAFON Machinery Co. Ltd
• Fujian RBT Intelligent Equipment Co. Ltd
• Kingsbury
• ELB-SCHLIFF Werkzeugmaschinen GmbH
• Heinz Berger Maschinenfabrik GmbH & Co. KG
• Sokar Mechanics
• Grindaix GmbH
• Sonicam SAS
• Strausak AG
• Netzsch
• Sasta
• UMAC LLC
• PALMARY Machinery Co. Ltd
• Srednevolgsky stankozavod Ltd
• GRAFS Technology
• Dialeks Trading Dariusz Lipinski
• Gazela Mechanika Maszyn
• SCORPION
• Total Grinding Solutions
• Gurmeet Machinery Corporation
• Novovodolazkyi Abrasive
• Delta Machine Srl
• Falcon Machine Tools Co. Ltd
• Hybrid Manufacturing Technologies
• United Grinding North America
• Grindmaster Equipment and Machines USA LLC
• CS Unitec Inc
• Bent River Machine
• Macrodyne Technologies Inc
• Weldon Solutions Inc
• Rochester Abrasives Industries
• Equipment Manufacturers International (EMI)
• WMW Machinery Company
• KNUTH Machine Tools
• LISSMAC
• Schuler AG
• Sandvik AB
• Yamazaki Mazak Corporation
• Flow International Corporation
• EMAG Machine Tools
• Midrand Grinders
• B.C.F. Precision Grinding Works (pty) Ltd.
What Is The Most Dominant Region In The Grinding Machinery Market?
Asia-Pacific was the largest region in the grinding machinery market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the grinding machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
