Grinding Machinery Market is expected to reach US$ 8,441.31 Million by 2031

Increase Use of Grinding Machines in Aviation Industry Boosts Grinding Machinery Market Growth  

According to our latest market study on "Grinding Machinery Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis — by Type, Industry, and Machine Technology," the market was valued at US$ 6,102.46 million in 2024 and is anticipated to reach US$ 8,441.31 million by 2031; it is estimated to register a CAGR of 4.9% during 2025–2031. The report includes growth prospects in light of current grinding machinery market trends and driving factors influencing market growth.

Investments in the defense and aerospace sectors and rising demand for electronics, driven by increasing disposable incomes, are expected to contribute to the market's growth. In 2022, the Tamil Nadu government released the Aerospace and Defense Industrial Policy. This policy aims to draw significant investments of ~US$ 10.5 billion in the coming years and create ~100,000 job prospects. The requirement for state-of-the-art technologies and developments in manufacturing processes is expected to propel market growth in the coming years. The automotive sector is also one of the significant end users of grinding machinery, owing to its requirement for high-quality components. The ongoing electrification of vehicles and advancements in aerospace technologies further boost the demand for precision grinding solutions, which is boosting the growth of the grinding machinery market across the globe. In response to the rising geopolitical hazards, global defense expenditure increased to ~US$ 2.46 trillion in 2024. Countries in Asia, the Middle East & North Africa, and Europe saw major budget increases. Strengthening military expenditure encourages incorporating advanced warfare technologies, such as high-end military vehicles equipped with advanced communication devices, missile detection systems, and surveillance and navigation systems. In addition, with the growing military budget, defense forces procure unmanned vehicles for better combat and surveillance capabilities without risking human lives. Thus, the growing procurement of vehicles and machinery for the defense sector is boosting the manufacturing sector and simultaneously providing growth opportunities to the grinding machinery market across the globe. In the medical sector, grinding machinery is progressively used for components such as surgical instruments, orthopedic implants, and dental tools. For instance, Stryker and Zimmer Biomet use grinding technology to improve the surface finish and durability of implants such as knee and hip replacements. This improved surfaces of implants ensures the consistency of devices subjected to long-term use in the human body. As a result, the importance of the grinding machines in medical industry is high.

Grinding Machinery Market Analysis – by Geography, 2024

Source: The Insight Partners Analysis

The scope of the grinding machinery market report focuses on North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East and Africa (South Africa, Saudi Arabia, UAE, and the Rest of Middle East), and South and Central America (Brazil, Argentina, and the Rest of South and Central America).

Asia Pacific held the largest grinding machinery market share in 2024. The grinding machinery market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, Malaysia, Taiwan, Thailand, and the Rest of Asia Pacific. These countries are observing a gradual rise in the implementation of advanced technologies. Further, the accessibility of low labor expenditures, low taxes and duties, and a robust business ecosystem are drawing the attention of global players in the manufacturing industry to expand their manufacturing facilities in this region. In October 2021, Novelis announced an investment of US$ 375 million in the expansion of a recycling and production facility in China for aluminum products leveraged in the auto industry. Thus, the expanding manufacturing industry in Asia Pacific is anticipated to offer lucrative opportunities for the grinding machinery market in the coming years. Asia Pacific holds a significant position in aerospace manufacturing. Companies such as Hindustan Aeronautics Limited (India) and Singapore Technologies Engineering leverage advanced technology for fabricating landing gear, turbine blades, and fuselage components. China, Malaysia, and Vietnam rely on grinding machinery to improve the durability of construction equipment, steel structures, and machinery parts. The development of renewable energy in the region has stimulated the utilization of grinding machines for turbine components. For instance, wind turbine manufacturers in China (e.g., Goldwind) and India (e.g., Suzlon) leverage grinding technology to smoothen surfaces. The automotive electrification trend is anticipated to boost the demand for grinding machinery, as EV manufacturers require durable and lightweight components. With government support for infrastructure and renewable energy projects, Asia Pacific is expected to remain a key market for grinding machinery in the coming years.

The medical sector is one of the major application areas of grinding machinery in India. Companies such as Meril Life Sciences export medical implants worldwide and utilize grinding technology to enhance product quality and meet international regulatory requirements. In addition, with its developing oil & gas industry, Singapore uses grinding techniques for offshore equipment such as pipelines, drilling rigs, and valves.

In Europe, Germany held the largest grinding machinery market share in 2024. Germany is the largest economy in Europe and is home to several leading industry verticals. The high rate of technological adoption, coupled with the presence of various multinational companies, serves as a significant expansion base for the manufacturing sector. The country accounted for ~30% of all passenger cars manufactured and almost ~25% of all new registrations in Europe in 2023. More than 4.1 million passenger cars and 351,000 commercial vehicles were produced in German plants in 2023. German passenger car and light commercial vehicle OEMs generated foreign market revenue of US$ 419.7 billion in 2023, a 10% increase over 2022. Automotive exports accounted for ~17% of all exports of Germany in 2023, making it the largest export share. Domestic market revenue is US$ 184.3 billion, equivalent to a 10.8% increase in 2022. Thus, data shows that Germany has a well-established ecosystem for automobile manufacturing. As grinding machinery, such as advanced CNC machines and surface grinding machines, is widely used in automobile manufacturing, the well-established automobile sector in Germany is projected to create constant demand for grinding machinery.

Germany is a prominent country contributing to defense activities in Europe. In 2023, the German military secured a multinational framework contract with BAE Systems to procure additional units of 227 armored, all-terrain vehicles. After the budget committee of the Federal German Parliament approved funding in June 2024, the contract with Rheinmetall MAN Military Vehicles (RMMV) was sealed in July 2024. The Bundeswehr has given Rheinmetall an order for logistic vehicles. The framework contract incorporates the delivery of up to 6,500 military trucks worth US$ 3.6 billion. This contract allows the Bundeswehr to flexibly order additional quantities of already-introduced unprotected vehicles, specifically the UTF 5t and UTF 15t trucks, for seven years. A new vehicle category is anticipated to be launched through the framework contract: the 4x4 UTF 3.5t. Thus, the proliferation of advanced military and defense vehicles and equipment is boosting the demand for grinding machinery.

DANOBAT GROUP; DMG Mori Company Limited; JTEKT Corp; Okuma Corp; Kellenberger Switzerland AG; Fives SAS; Erwin Junker Maschinenfabrik GmbH; HMT Machine Tools Limited; Fritz Studer AG; Fehlmann AG; PALMARY Machinery Co., Ltd.; EMAG Systems GmbH; Robbi Group SRL; LIZZINI; and MAG IAS GmbH are among the key players profiled in the grinding machinery market report. Other major players were also studied and analyzed in the grinding machinery market report to get a holistic view of the market and its ecosystem. The grinding machinery market forecast can help stakeholders plan their growth strategies. The market analysis provides detailed market insights, which help the key players strategize their growth. 

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