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The grinding machinery market size is expected to reach US$ 8,441.31 million by 2031 from US$ 6,102.46 million in 2024. The market is estimated to register a CAGR of 4.9% during 2025–2031. The rising adoption of advanced technologies is likely to bring new trends to the market in the coming years.
Grinding Machinery Market Analysis
Grinding machinery plays a fundamental role in the manufacturing industry, facilitating the production of high-precision components used in various industries including automotive, aerospace, electronics, and medical. As industries evolve and the demand for precision components increases, the grinding machinery market is expected to experience significant growth during the forecast period. Grinding machinery refers to machines that leverage abrasive tools to remove material from a workpiece, attaining desired dimensions, shapes, and surface finishes. These machines are essential for various processes, including surface grinding, cylindrical grinding, internal grinding, and tool grinding. The market encompasses various types of grinding machines, including surface grinders, cylindrical grinders, tool and cutter grinders, centerless grinders, and specialty grinders.
Grinding Machinery Market Overview
The integration of computer numerical control (CNC) technology and automation in grinding machines has transformed the manufacturing procedure. These advancements enhance precision, competence, and productivity, enabling manufacturers to meet stringent quality standards. Industries such as automotive, medical devices, and aerospace need components with tight tolerances and superior surface finishes. The strengthening emphasis on quality and precision drives the demand for advanced grinding machinery. Additionally, rapid industrialization in emerging economies, particularly in Asia Pacific and South America, is contributing to the grinding machinery market growth
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Grinding Machinery Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Grinding Machinery Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Grinding Machinery Market Drivers and Opportunities
Growing Demand in Automotive Industry
Manufacturers in the automotive industry seek ways to enhance production efficiencies, reduce costs, and improve product quality. To achieve this, they deploy grinding machines such as CNC machines that offer high precision, flexibility, and automation capabilities in their facilities. The automotive industry relies immensely on conventional and advanced grinding machines for industrys such as component assembly, fabrication, and surface finishing. In the automotive industry, grinding machines are used mainly in the manufacturing of engine parts, chassis components, and body panels. Grinding machines are employed in various stages of automotive production, from the manufacturing of individual components to the assembly of complete vehicles. Grinding is essential for producing engine parts such as camshafts, crankshafts, and cylinder heads. These components require high precision and surface finish to ensure optimal performance and longevity. For instance, crankshafts are often ground to achieve tight tolerances that are vital for engine efficiency. Components such as gears and shafts undergo grinding to enhance their surface properties and dimensional accuracy. The grinding process also helps reduce wear and friction, which is necessary for smooth transmission operation.
Increasing Need for Precision in MedTech Industry
The growing demand for precision in the MedTech industry is expected to provide a significant growth opportunity to the grinding machinery market, as the industry requires highly accurate and customized components for medical tools and devices. The medical technology sector is increasingly focused on developing minimally invasive surgical tools, complex implants, and diagnostic equipment, all of which require highly precise and customized components. Grinding machinery, with its ability to produce tiny, intricate parts with tight tolerances, is crucial for meeting the precision requirements of the medical device manufacturing process. The growing demand for personalized medical treatments, such as custom implants and prosthetics, is driving the need for precise grinding machinery to fabricate these components. Grinding machinery plays a vital role in producing the intricate components required for surgical tools, ensuring both safety and performance. The World Health Organization (WHO) has projected that the number of individuals aged 60 years and older will reach ~2.1 billion by 2050. This demographic shift is increasing the demand for medical devices and technologies that address chronic diseases and age-related health issues. Companies such as Medtronic focus on developing advanced cardiovascular devices and diabetes management solutions, identifying the pressing need for chronic disease management in older adults.
Grinding Machinery Market Report Segmentation Analysis
Key segments that contributed to the derivation of the grinding machinery market analysis are type, industry, and machine technology.
- In terms of type, the market is categorized into cylindrical grinding machine, coordinate grinding machine, and others. The others segment dominated the market in 2024.
- By industry, the market is categorized into medical, mold and die industry, aerospace and defense, automotive, electrical and electronics, industrial machinery, and others. The automotive segment dominated the market in 2024.
- Based on machine technology, the market is divided into CNC/NC machine and conventional machine The CNC/NC machines segment dominated the market in 2024.
Grinding Machinery Market Share Analysis by Geography
The grinding machinery market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). North America dominated the market in 2024, followed by Europe and Asia Pacific.
Asia Pacific maintains a prominent position in the grinding machinery market owing to its strong industrial base and technological advancements. China dominates the market in this region. Japan, South Korea, and India are key contributors to the Asia Pacific market. China is one of the substantial manufacturing hubs in the region. The existence of industries such as aerospace, automotive, defense, and industrial machinery manufacturing fuels the demand for grinding machinery in Asia Pacific. These industries demand advanced fabricating solutions to meet the growing demand for precision components. The defense and aerospace sectors in China and India play a prominent role in driving the grinding machinery market. The ongoing technological innovations and the boost in military spending contribute to the market's growth. In 2022, the significant expansion of China's manufacturing industry, as indicated by the high purchasing managers' index (PMI) for the manufacturing sector, suggested increased production and demand for grinding machinery. With the PMI reaching its highest level in over a decade and showing a clear expansion trend, it signifies a favorable environment for industries that rely on grinding machinery. Thus, growing development in the industrial sector and the rising trend of precision manufacturing in the manufacturing sector are boosting the growth of grinding machinery in Asia Pacific. The mounting industrialization and rising number of automobile manufacturing hubs are boosting the grinding machinery market growth in North America. The resurgence of the manufacturing sector in North America, particularly in the US and Canada, is a significant driver of the grinding machinery market. The shift toward reshoring and increased investments in domestic production capabilities are leading to a higher demand for grinding machines that can produce high-quality components.
Europe contributes a substantial share of the global grinding machinery market. The region is identified for its well-established manufacturing industries, including automotive, aerospace, industrial machinery, and medical devices. These industries rely heavily on grinding machinery to attain high precision and proficiency in their manufacturing procedures. Germany is a key market within Europe, identified for its innovative engineering and manufacturing capacities. The country's strong emphasis on innovation, automation, and digitalization drives the demand for grinding machinery. In 2022, the government in Germany invested US$ 220 billion in industrial transformation; Germany is focusing on development in aerospace and industrial manufacturing, leading to an increase in demand for cutting-edge grinding machinery. Additionally, the European market is characterized by the adoption of numerical computer control (CNC) machines and precision manufacturing. The prominence of sustainability, energy efficiency, and environmental regulations further influences market dynamics.
Grinding Machinery Market Report Scope
Grinding Machinery Market News and Recent Developments
The grinding machinery market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the grinding machinery market are listed below:
- The UNITED GRINDING Group has intensified its Southeast Asian business and established its own subsidiary in Singapore. The UNITED GRINDING Group has been present in the Southeast Asian region for many years through representatives and the WALTER EWAG Asia Pacific subsidiary. Now, the specialist for grinding, eroding, laser, and measuring machines bundles and intensifies its activities in this region by founding a group subsidiary in Singapore, United Grinding Asia Pacific Pte. Ltd. (Source: UNITED GRINDING Group, Press Release, November 2023)
- PALMARY Machinery Co., Ltd. announced the product launch of VIG-120. The VIG-120 series vertical grinder is an outstanding piece of equipment. It features a honeycomb tubular machine body, a cross-type slideway bed design, and X and Y axes with cross-roller linear guideways, showcasing exceptional load-bearing capabilities. Additionally, this grinder is equipped with a high-rigidity work spindle and an ATC (Automatic Tool Changer) system. (Source: PALMARY Machinery Co., Ltd, Press Release, March 2023)
Grinding Machinery Market Report Coverage and Deliverables
The "Grinding Machinery Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Grinding machinery market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Grinding machinery market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Grinding machinery market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the grinding machinery market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The automtive led the grinding machinery market with a significant share in 2024.
The grinding machinery market is expected to reach US$ 8,441.31 million by 2031.
Asia Pacific is anticipated to have largest share in grinding machinery market.
The key companies operating in the grinding machinery market include 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.
The grinding machinery market was valued at US$ 6,102.46 million in 2024 and is projected to reach US$ 8,441.31 million by 2031; it is expected to register a CAGR of 4.9% during 2025–2031.
Integration of Advanced Technologies
Growing Demand in Automotive Industry; Increasing Use of Grinding Machines in Aviation Industry.
The List of Companies - Grinding Machinery Market
- 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
- MAG IAS GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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