The grinding machine is industrial equipment used for creating smooth surface finish by removing unnecessary or excessive amount of material on a given product. The grinding machinery market has been experiencing continuous evolution over the years to cater the various needs of diversified industry verticals. The applications of grinding machines include grinding of tools & cutters and their resharpening. The growth of grinding machinery market is due to various factors such as rising aerospace applications, where the machines are used in aircrafts with its application in shafts, landing gear, turbine rotors and various other parts to safeguard quality and precision in several complex parts. The usage of grinding machines reduces manufacturing time and aids in production of huge volumes. Furthermore, the rising demand for new aircraft, will boost the growth of aircraft components, thereby directly propelling the demand for grinding machines. However, the rising number of manufacturers with product suppliers and distributors has made the market scenario highly competitive, where most manufacturers are constantly trying to achieve product differentiation.
Based on regions, Asia-Pacific accounted for the largest share in 2016 and will continue to dominate the market during the forecast period. The major factor driving the growth of the market in this region includes increasing demand from the automotive, aerospace, electrical & electronics and shipbuilding industries. Moreover substantial growth across various industrial manufacturing sectors in countries such as China, India, Southeast Asia countries, is anticipated to propel the market demand during the forecast period. Asia-Pacific is followed by Europe, where the market is driven by established industrial sector.
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Major Key Players
Amada Machine Tools Co. Ltd, (Japan),
ANCA Pty Ltd. (Australia),
Körber AG (Germany),
Gleason Corporation (U.S.),
Hybrid Manufacturing Technologies (U.S.),
Makino Milling Machine Co. Ltd. (Japan),
JTEKT Corporation (Japan)
The global Grinding Machinery Market is expected to grow at CAGR of around 4.2% during the forecast period.
In October, 2016 – A leading grinding machinery manufacturer developed two new versatile grinding machines Grupos Diferenciales. These newly developed grinders are able to make possible to turn, measure and grind large parts using a high-efficiency process that ensures the highest quality. However, the new developed grinding machines will enhance the company’s sustainability in the market, which will result in generating higher growth for the grinding machinery market.
In August, 2017 – Gleason expanded its presence in India market. The reason behind this expansion is that, Gleason is doing exceptionally well in the Indian market and to increase its customer base, the company has come up with this decision. The new expansion is going to establish in Bangalore. With this expansion, the global grinding machinery market would be generating higher growth in the market and will enhance the company’s position.
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The global market for grinding machinery is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, and frequent changes in government policies, are the key factors that confront the market growth. Moreover, the market leaders such as Amada Machine Tools Co. Ltd, Danobat, ANCA Pty Ltd, Junker and Körber AG are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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