PUBLISHER: The Business Research Company | PRODUCT CODE: 1659112
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659112
A grinding machine is a tool utilizing an abrasive wheel as a cutting tool, primarily used for shaping workpieces in utility and industrial applications.
The main types of grinding machines include conventional, CNC, cylindrical, surface, gear grinders, and others. Conventional machines are manually operated and lack CNC capabilities. These machines are typically employed in various industries such as automotive, maritime, aerospace, construction, industrial manufacturing, electrical, electronics, and others. Sales channels for these machines span franchised outlets, specialty stores, modern trade setups, and online channels.
The grinding machines market research report is one of a series of new reports from The Business Research Company that provides grinding machines market statistics, including grinding machines industry global market size, regional shares, competitors with a grinding machines market share, detailed grinding machines market segments, market trends and opportunities, and any further data you may need to thrive in the grinding machines industry. This grinding machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The grinding machines market size has grown strongly in recent years. It will grow from $5.69 billion in 2024 to $6 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to continuous innovation in manufacturing, industrialization and manufacturing growth, demand for precision engineering, shift towards automation, expanding range of materials.
The grinding machines market size is expected to see strong growth in the next few years. It will grow to $7.6 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to global industrial expansion, safety and user experience enhancements, predictive maintenance and remote monitoring, digital manufacturing solutions, advanced materials usage. Major trends in the forecast period include product innovations, technological advancements, safety and ergonomics, remote monitoring and predictive maintenance, digitalization of manufacturing, customization and flexibility.
The expansion of the industrial manufacturing sector is anticipated to drive the growth of the grinding machines market in the coming years. Industrial manufacturing involves the production of products designed for industrial applications using raw materials. Grinding machines play a critical role in industrial manufacturing, as they are widely used for achieving dimensional accuracy and surface finishing of mechanical components employed in the manufacturing industry. For instance, in December 2022, the National Association of Insurance Commissioners, a US-based non-profit organization, projected that there would be 3.5 million autonomous vehicles on American roads by 2025, increasing to 4.5 million by 2030. Thus, the ongoing growth of the industrial manufacturing sector is propelling the demand for grinding machines.
The rising demand within the construction sector is poised to fuel the growth of the grinding machines market. These machines are pivotal in cutting metal components like pipes, rebar, and steel plates, essential in various construction projects. Recent data from the United States Census Bureau revealed a substantial investment of $1.84 billion in construction in February 2023, marking a 5.9 percent increase from the same period in 2022. The substantial investments in both public and private construction underscore the significant role of grinding machines in meeting the sector's needs.
Technological advancements stand as a prominent trend shaping the grinding machines market landscape. Leading entities in this sector are channeling efforts towards innovative technological solutions to fortify their market stance. Grind Master, for instance, introduced a groundbreaking robotic grinding technology in October 2022, tailored for automatic fettling and precise grinding of complex material castings. This pioneering technology addresses the long-standing challenges associated with grinding large castings, marking a significant advancement in the industry.
Collaborations and strategic partnerships are becoming prevalent strategies among major players in the grinding machines market to bolster their market positions. UNITED GRINDING Group, a renowned Swiss-based manufacturer of grinding machines, forged a strategic partnership with Francis Klein, an Indian manufacturer of cutting-edge machine tools, in February 2022. The collaboration is aimed at leveraging each other's strengths, intensifying sales and service activities, and expanding market presence, particularly in the Indian market. This alliance signifies a proactive step towards amplifying their collective market impact and fostering stronger customer relationships.
In August 2024, Advanced Grinding Solutions Ltd, a UK-based manufacturer of grinding machines, formed a partnership with Danobat Inc. for an undisclosed sum. This collaboration aims to enhance Advanced Grinding Solutions' portfolio by leveraging Danobat's expertise in grinding machine manufacturing. Danobat Inc. is a Spain-based company specializing in the production of grinding machines.
Major companies operating in the grinding machines market are Amada Holdings Co Ltd., 3M Company, JTEKT Toyoda Americas Corporation, Junker Group, L. Kellenberger & Co. AG, ANCA Pty Ltd., DANOBAT Group, Koyo Machinery Industry Co. Ltd., Okuma Corporation, Korber AG, Falcon Machine Tools Co. Ltd, United Grinding North America, Makino Milling Machine Co. Ltd., Chevalier Machinery Inc., ELB-SCHLIFF Werkzeugmaschinen GmbH, Glebar Company, Heinz Berger Maschinenfabrik GmbH & Co. KG, Komatsu Ltd., KNUTH Machine Tools SA, Studer, C. & E. Fein GmbH, Satisloh, Tacchella Elektra, Willis Machinery, Robert Bosch Power Tools GmbH, Makita Corporation, Stanley Black & Decker Inc., Husqvarna Group, Xingyi Stone Caring Tools Co. Ltd., Hardinge Kellenberger
Asia-Pacific was the largest region in the grinding machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grinding machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the grinding machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The grinding machine market consists of sales of angle grinders, bench grinders, belt grinders, wet grinders, die grinders, floor grinders, surface grinders, CNC, and other types. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Grinding Machines Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on grinding machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for grinding machines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The grinding machines market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.