Grinding Machines Global Market Report 2024

Description

Grinding Machines Global Market Report 2024 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.

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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.

Scope

Markets Covered:

1) By Type: Conventional; CNC; Cylindrical; Surface; Gear; Other Types
2) By Sales Channel: Franchised Outlets; Specialty Stores; Modern Trade; Online Channels
3) By End-User Industry: Automotive; Maritime Industry; Aerospace and Defense; Construction; Industrial Manufacturing; Electrical and Electronics; Other End-User Industries
Companies Mentioned: Amada Holdings Co Ltd.; 3M Company; JTEKT Toyoda Americas Corporation; Junker Group; L. Kellenberger & Co. AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

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 $5.43 billion in 2023 to $5.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. Historical growth can be attributed to ongoing innovation in manufacturing practices, the momentum of industrialization and subsequent manufacturing growth, increased demand for precision engineering, a shift towards automation, and the expanding range of materials used in manufacturing processes.

The grinding machines market size is expected to see strong growth in the next few years. It will grow to $7.17 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period is driven by global industrial expansion, efforts towards enhancing safety and user experience, the implementation of predictive maintenance and remote monitoring systems, the adoption of digital manufacturing solutions, and increased usage of advanced materials in various industries. Major trends expected during this period encompass ongoing product innovations, advancements in technology, a strong focus on safety and ergonomics, the integration of remote monitoring and predictive maintenance practices, the digitalization of manufacturing processes, and an increased emphasis on customization and flexibility within industrial operations.

The expansion of the grinding machines market is anticipated, largely driven by the continual growth of the industrial manufacturing sector. These machines find extensive use in ensuring dimensional accuracy and refining surface finishes of mechanical parts used in industrial manufacturing. Notably, global manufacturing production surged by 9.4 percent in 2021, a notable rebound from the preceding year's 4.2 percent drop, as reported by the United Nations Industrial Development Organization in March 2022. This resurgence in manufacturing activities underpins the upward trajectory of the grinding machines market.

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 October 2021, Hardinge Inc., a prominent US-based manufacturer of machine tools, completed the acquisition of J.G WEISSER SOHNE GmbH & Co. KG for an undisclosed amount. This strategic acquisition includes the acquisition of the location in St. Georgen, marking a pivotal advancement in Hardinge Inc.'s location strategy. The integration of J.G WEISSER SOHNE GmbH & Co. KG aligns with Hardinge's aim to enhance its European presence significantly and bolster its ability to cater to customers within the region. J.G WEISSER SOHNE GmbH & Co. KG is a Germany-based company operating in grinding machines.

Major companies operating in the grinding machines market report 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., and Hardinge Kellenberger.

Asia-Pacific was the largest region in the grinding machine market in 2023. 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.

Product Code: r12747

1. Executive Summary

2. Grinding Machines Market Characteristics

3. Grinding Machines Market Trends And Strategies

4. Grinding Machines Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Grinding Machines Market Size and Growth

5.1. Global Grinding Machines Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Grinding Machines Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Grinding Machines Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Grinding Machines Market Segmentation

6.1. Global Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional
CNC
Cylindrical
Surface
Gear
Other Types
6.2. Global Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Franchised Outlets
Specialty Stores
Modern Trade
Online Channels
6.3. Global Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Maritime Industry
Aerospace and Defense
Construction
Industrial Manufacturing
Electrical and Electronics
Other End-User Industries

7. Grinding Machines Market Regional And Country Analysis

7.1. Global Grinding Machines Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Grinding Machines Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Grinding Machines Market

8.1. Asia-Pacific Grinding Machines Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Grinding Machines Market

9.1. China Grinding Machines Market Overview
9.2. China Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Grinding Machines Market

10.1. India Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Grinding Machines Market

11.1. Japan Grinding Machines Market Overview
11.2. Japan Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Grinding Machines Market

12.1. Australia Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Grinding Machines Market

13.1. Indonesia Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Grinding Machines Market

14.1. South Korea Grinding Machines Market Overview
14.2. South Korea Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Grinding Machines Market

15.1. Western Europe Grinding Machines Market Overview
15.2. Western Europe Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Grinding Machines Market

16.1. UK Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Grinding Machines Market

17.1. Germany Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Grinding Machines Market

18.1. France Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Grinding Machines Market

19.1. Italy Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Grinding Machines Market

20.1. Spain Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Grinding Machines Market

21.1. Eastern Europe Grinding Machines Market Overview
21.2. Eastern Europe Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Grinding Machines Market

22.1. Russia Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Grinding Machines Market

23.1. North America Grinding Machines Market Overview
23.2. North America Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Grinding Machines Market

24.1. USA Grinding Machines Market Overview
24.2. USA Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Grinding Machines Market

25.1. Canada Grinding Machines Market Overview
25.2. Canada Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Grinding Machines Market

26.1. South America Grinding Machines Market Overview
26.2. South America Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Grinding Machines Market

27.1. Brazil Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Grinding Machines Market

28.1. Middle East Grinding Machines Market Overview
28.2. Middle East Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Grinding Machines Market

29.1. Africa Grinding Machines Market Overview
29.2. Africa Grinding Machines Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Grinding Machines Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Grinding Machines Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Grinding Machines Market Competitive Landscape And Company Profiles

30.1. Grinding Machines Market Competitive Landscape
30.2. Grinding Machines Market Company Profiles
- 30.2.1. Amada Holdings Co Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. 3M Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. JTEKT Toyoda Americas Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Junker Group
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. L. Kellenberger & Co. AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Grinding Machines Market Competitive Benchmarking

32. Global Grinding Machines Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Grinding Machines Market

34. Grinding Machines Market Future Outlook and Potential Analysis

34.1 Grinding Machines Market In 2028 - Countries Offering Most New Opportunities
34.2 Grinding Machines Market In 2028 - Segments Offering Most New Opportunities
34.3 Grinding Machines Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer