Market Research Future (MRFR) in its The global grinding machinery market is expected to touch nearly USD 7 billion and thrive at a CAGR of about 5% by 2025.
Grinding machinery is a power tool that provides low surface roughness and high surface quality. The grinding machinery is expected to capitalize on these increase its adoption due to its benefits. The availability of various types of grinders, such as belt grinder, jig grinder, bench grinder, and gear grinder are used for engineering, automobile, and electrical applications.
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The hike in sale of automobiles, developments in aerospace and defense infrastructure, upgradations in grinding machines, and deployment of grinders in SMEs are factors that are likely to boost the global market expansion. Technological upgradations and enterprises opting for automation and integrating robotics with grinding machinery that eliminates the human error and improve overall quality of product can surge the market. The greater accuracy of products obtained at lower cost in short time are likely to impact the market positively. Moreover, the surge in need for precise finishing for different applications can increase the grinding machinery market growth.
On the contrary, the high installation price of grinding machinery is expected to inhibit the market growth in the years to come. Other restraining factors are capital-intensive nature and high initial investment of grinding machinery to setup a plant. However, increase in industrial and mining activities can counter the market slow down.
The grinding machinery market is segmented by type, application, and distribution channel.
By type, the market is segmented into surface machine, cylindrical machine, tool & cutter machine, gear machine, and others. A significant growth of the cylindrical surface segment is likely in the forecast period due to the quick adoption of CNC cylindrical grinding machines.
By application, the grinding machinery market has been segmented into aerospace & defense, automotive, electrical & electronics, shipbuilding, and others. The automotive segment is also likely to secure a sizable share of the grinding machinery market over the review period owing to the ever-expansion of the automotive base in emerging economies. In addition, the growing production and sale of electric vehicles can also augment the market.
By distribution channel, the market is segmented into offline and online. The online segment is likely to expand at rapid pace across the assessment period owing to rise in the number of multiple brands endorsing with e-commerce sites.
Few of the well-known key players that are operating in the global market of grinding machinery market are Hybrid Manufacturing Technologies (U.S.), Fives (France), Gleason Corporation (U.S.), Amada Machine Tools Co. Ltd (Japan), Körber AG (Germany), Makino Milling Machine Co. Ltd. (Japan), JTEKT Corporation (Japan), Junker (Germany), ANCA Pty Ltd. (Australia), DANOBAT (Spain), and others.
With the increase in demand of grinding machinery by end-use industries and the growing automotive industry are likely to make the global market boom in the years to come. In North America, companies are focusing on upgradation of grinding machinery by deploying modern technologically. The incorporation of technologies, such as, robotics, artificial intelligence, and machine learning that eliminate the human errors and surge the quality of products are likely to boost the North America grinding machinery market. In Europe, the evolution of innovative machines is aiding in the production of products with greater precision at low price in shorter time span. This is considered to cast a positive impact on the market through the forecast years. In the Asia Pacific region, the rise in demand for better finished products is likely to boost the grinding machinery market growth.
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