Launch of Revolutionary Grinding Platforms and Solutions for Industry 4.0/Smart Factory Drive Healthy Market Growth

The global market for Grinding Machines is projected to exceed $5.9 billion by 2024, driven by growing proliferation of revolutionary and smart grinding platforms and solutions amidst the urgent need for delivering ever increasing levels of dimensional accuracy, unimaginable tolerance levels, and high precision in demanding applications. Grinders are machines that use abrasive rotating wheels for slowly, yet precisely, removing material from parts. In comparison to milling that quickly removes large quantities of material, grinding is a refining process that leads to superior finish at very high tolerances. Apart from finishing flat materials, grinding is also used for creating complex grooves and refining cylindrical parts. Depending on material type and required results, there are different types of grinding machines including cylindrical, centerless, and surface, among others. 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. 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 Other factors driving steady demand for grinding machines include replacement of obsolete technically outdated machines, shortage of skilled machine operators, and the rising need to match global competitiveness in terms of enhanced productivity.

Future growth in the market will be driven by steady launch of smart machines with cognitive and intelligent production capabilities. The next-gen grinding solutions and software platform enables integration of grinding machines into the digital/smart factory environment, in a simplified and secure way eliminating unscheduled machine downtimes, and offering a clear overview of the components and assemblies. 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. A single machine can now perform several grinding functions within the same working environment with sophisticated CNCs, latest software and growing number of axes made available on advanced grinding devices.

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 6.3% 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 in the market include 3M Company, Amada Co, Ltd., ANCA Pty. Ltd., C & B Machinery, Danobat Group, ELB-SCHLIFF Werkzeugmaschinen GmbH, EMAG GmbH & Co. KG, Falcon Machine Tools Co., Ltd., Chevalier Machinery, Inc., Fives Group, Glebar Co., Hardinge, Inc., L. KELLENBERGER & Co. AG, Heinz Berger Maschinenfabrik GmbH & Co. KG, JTEKT Corporation, Junker Group, Kent Industrial Co., Ltd., Komatsu Ltd., Koyo Machinery USA, Inc., Kunshan Huachen Heavy Machinery Co., Ltd., Mitsubishi Heavy Industries Machine Tool Co., Ltd., Okamoto Corporation, Pietro Carnaghi Spa, Shanghai Machine Tool Works Ltd., Shigiya (USA) Ltd., Sumitomo Heavy Industries Ltd., Toshiba Machine Co., Ltd., and UNITED GRINDING Group Management AG, among others.

The research report titled “Grinding Machines - Market Analysis, Trends and Forecasts” 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.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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