The global grinding machine market is anticipated to grow at a CAGR of 8.5% during the forecast period (2023-2029). A grinding machine is a tool used in cleanliness or grinding workpieces in the manufacturing sector. The machine uses an abrasive wheel as a cutting tool that provides high surface quality and low surface roughness. The machine comes in different types such as belt grinder, bench grinder, cylindrical grinder, surface grinder, gear grinder, and others. The adoption of these grinders in end-user verticals such as automotive, aerospace, constructions, electrical & electronics is the major factor for the market growth. Moreover, the current mega-trends – such as resource efficiency, individualization, ergonomics, and Industry 4.0 – are changing the appearance of grinding machines, which is also affected by the availability of new technologies, especially sensors, actuators, and the control or machine intelligence. Industry 4.0 trends in major economies result in the emerging trends towards automation and IoT in the manufacturing sector. Manufacturers are now focusing on the adoption of automated solutions such as CNC grinding machines in order to increase their output along with lower labor costs has increased the product demand.
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Besides, government support in form of investment, FDI, and subsidies to boost manufacturing industries will eventually boost demand for grinding machines. For instance, according to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in the manufacturing subsectors amounted to $100.4 billion between April 2000 and June 2021. Moreover, the UK government provided $10.6 million in funding to small and medium-sized enterprises (SMEs) to help them modernize and go digital by adopting advanced technology and automated system. Such fundings and support from the government will boost the manufacturing sector, which in turn, will create the scope for market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Grinding Machine Market Report Segment
By Type
- Conventional
- CNC
o Cylindrical
o Surface
o Gear
o Other
By End-User Inddustry
- Automotive
- Maritime Industry
- Aerospace & Defense
- Construction
- Industrial Manufacturing
- Electrical & Electronics
- Others
Global Grinding machine Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global grinding machine market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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