The Global Market for Grinding Machines is Projected to Exceed $6.0 Billion by 2022

Rising Focus on Dimensional Accuracy and High Precision in Demanding Applications Drive Demand for Grinding Machines, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Grinding Machines market. The global market for Grinding Machines is projected to exceed $6.0 billion by 2022, driven by growing demand for new and efficient grinding solutions in major end-use sectors, and steady improvement in aerospace, automotive and electronic equipment manufacturing.

In this current era of machine-based manufacturing, grinding machines represents indispensable machine tool components used in the finishing processes in various industries. The machines enable effective finishing of hard materials such as metals, wood, etc., and provide better surface quality, roughness and accuracy in shaping. Widespread applications of grinding machines include roughing as well as finishing flat, conical and cylindrical surfaces; sharpening and forming cutting tools; finishing internal bores or cylinders; removing or snagging rough projections taken from stampings and castings as well as polishing, buffing and cleaning surfaces. Key end-use industries for grinding machines include aerospace and automobiles manufacturing, building and construction, tool making, energy, medical, and electrical and electronics industries, among others. Demanding applications and their need for tighter tolerances and finer finishes represent the primary growth driver for the global grinding machines market. Other factors driving steady demand for grinding machines include replacement of obsolete technically outdated machines, shortage of skilled machine operators, and the rising need to match global competitiveness in terms of enhanced productivity.

Healthy growth is projected for the market in the coming years driven by product upgrades in developed countries and rapid industrial growth in developing regions. Grinding machine users in developed economies are expected to replace conventional models and equipment with new machines with advanced features to improve productivity. Also, steady growth in emerging economies, particularly in China and India, will drive massive consumption of durable goods, resulting in huge investments in manufacturing capacity thereby pushing up the adoption of grinding machines. Other factors that are expected to benefit market expansion include growing demand for custom grinding and dressing solutions in aerospace components manufacturing; surging popularity of laser machines in handling tough tool grinding; and rising need for grinding in manufacturing of orthopaedic implants. Technological advancements that are fast transforming the grinding process include sophisticated CNC grinders; precision grinding techniques such as continuous path-controlled (CPC) grinding and high-speed grinding (HSG); energy efficient grind machines; and hybrid grinding machines, among others.

As stated by the new market research report on Grinding Machines, Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market with a CAGR of 8.9% over the analysis period led by the expanding aviation sector, rapid industrialization, phenomenal progress in construction and infrastructure projects, increasing number of production plants in China, penetration of advanced technologies in China and India, and steady rise in electronics and automotive production activity. Rapid economic growth and industrialization resulted in China emerging as the largest market for grinding machines worldwide.

Key players covered in the report include Amada Co., Ltd., Amada Machine Tools America Inc., ANCA Pty. Ltd., Danobat Group, ELB -SCHLIFF Werkzeugmaschinen GmbH, EMAG GmbH, Erwin Junker Maschinenfabrik GmbH, Falcon Machine Tools Co., Ltd., Fives Cinetic SA, Gleason Corporation, Glebar Co., Jtekt Corporation, Hardinge, Inc., L. Kellenberger & Co. AG, Körber AG, Kent Industrial Co. Ltd., Mitsubishi Machine Tools Inc., Moore Tool Company, Inc., Okamoto Corporation, Okuma Corporation, Pietro Carnaghi S.p.A., Qinchuan Machine Tool & Tool Group Co. Ltd., Schleifring Group, Shanghai Machine Tool Works Ltd., United Grinding Technologies, Taiyo Koki Co. Ltd., Toshiba Machine Co. Ltd., and WMW Machinery Company, among others.

The research report titled “Grinding Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of Asia-Pacific), the Middle East & Africa, and Latin America (Brazil and Rest of Latin America). Product segments analyzed in the report include Surface Grinding Machines, Cylindrical Grinding Machines, Center-less Grinding Machines, and Other Grinding Machines.

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