Global Vertical Grinding Machine Market Size By Product, By Application, By Geographic Scope And Forecast

Vertical Grinding Machine Market Size And Forecast

Vertical Grinding Machine Market size was valued at USD 5.25 Billion in 2024 and is projected to reach USD 7.75 Billion by 2031, growing at a CAGR of 4.4% from 2024 to 2031. Growing demand for CNC incorporated machine tools and government initiatives to provide support to the machine tool industry is likely to drive the market over the predicted years. Additionally, the ability to develop the product with the desired maximum efficiency is expected to fuel the market in the coming years. The Global Vertical Grinding Machine Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Vertical Grinding Machine Market Definition

A vertical grinding machine is a surface grinding machine used to give smooth finishing to components and parts. It is used in various end-user industries like automotive, machine tools, job shops, aerospace & defense, heavy industries, and others. There are three types of vertical grinding machines including PLC, CNC, and manually controlled. PLC grinding machines use a programmable logic controller to perform the grinding operations with 100% efficiency within a minimum time period. CNC i.e. Computerized numerical control are the grinding machines that use a rotating grinding wheel to remove material on a metallic workpiece. It enables fully automatic part machining and loading & unloading of the workpieces. Grinding machines are widely used to drill, bore, cut gears, and produce slots.

Various milling machine manufacturers are adopting the CNC technology to enhance the productivity and quality of the work performed by milling machines by using the same tools and programs to produce multiple parts. Automation and multi-axis machining are some of the most prominent trends in the market. Moreover, companies are using software programs to control the axis, spindle speeds, and tool changes in milling machines, thereby reducing the need for manual intervention. These machines can also be used for performing multiple cuts simultaneously by installing multiple cutters. Various other tools, such as rounding mills, fluted mills, and ball end mills, can also be integrated into these machines. These advantages make milling machines ideal for machining metal parts required in industries such as automotive and defense & aerospace.

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Global Vertical Grinding Machine Market Overview

The increasing demand for mass production in the aerospace and defense industry, among other industries and industry verticals, is also expected to drive the adoption of machine tools. The growing demand for metal cutting tools in line with the increasing use of metals in various industries also bodes well for market growth. The integration of Computer-Aided Manufacturing (CAM) in machine tools to reduce the time required for manufacturing workpieces and to ensure hassle-free production of micro components is emerging as a major trend in the market. In addition, industry 4.0 envisages focusing on cutting idle time and improving the utilization of machine tools. Analyzing the data related to tool changes and program stops can particularly help in determining the cause of the idle time and addressing it, thereby ensuring more efficient use of machine tools. At the same time, various bearing manufacturing companies, such as The Timken Company and NSK Ltd., are focusing on the development of bearings for machine tools.

For instance, in October 2019, The Timken Company introduced a new line of precision cylindrical roller bearings that are designed to maximize the speed and efficiency in high-demand applications. Furthermore, advances in machine learning and automation have resulted in the development of Computer Numerical Control (CNC) systems. CNC systems allow operators to feed the assembly code to a computer and perform various operations on the same device without any significant loss of time. On the other hand, various lubricant manufacturers are partnering with the market players, such as DMG MORI, and Komatsu, Ltd., among others, for the development of lubricants for their devices. For instance, in September 2017, DMG MORI and FUCHS PETROLUB SE signed a collaboration contract, which envisages the two companies jointly developing new lubricant solutions and services for machine tool applications. Moreover, manufacturers such as MC Machinery Systems, Inc. and DynaPath Systems, Inc. are trying to enhance the functionality of machine tools by developing machine tools with automatic tool-changing capabilities.

For instance, in January 2019, DynaPath Systems Inc. launched a new CNC knee mill with an automatic tool changer. The automatic tool changer, which consists of four tools in independent tool stations positioned around the spindle, is capable of performing a complete tool change within three seconds. At the same time, various governments are pursuing Initiatives, such as Blue Philosophy, Blue Competence, and DEMAT. These initiatives are aimed at developing lightweight structures for machine tools and are expected to play a decisive role in driving the growth of the market. However, the high costs associated with purchasing and installation of CNC machines are expected to restrain the growth of the market over the forecast period. Besides, operators of CNC machines need to be trained properly before they can operate the latest machine tools. This is also emerging as another potential market restraint.

Global Vertical Grinding Machine Market: Segmentation Analysis

The Global Vertical Grinding Machine Market is segmented on the basis of Product, Application, and Geography.

Vertical Grinding Machine Market, By Product

• PLC
• CNC
• Manually Controlled

Based on the Product, the market is bifurcated into PLC, CNC, and Manually Controlled. PLC segment is expected to hold the largest market share due to the 100% efficiency obtained within a minimum time.

Vertical Grinding Machine Market, By Application

• Job Shops
• Automotive
• Aerospace & Defense
• Heavy Industries
• Others

Based on the Application, the market is bifurcated into Job Shops, Automotive, Aerospace & Defense, Heavy Industries, and Others. The growing automotive industry across the world will boost the use of vertical grinding machines in automotive applications.

Vertical Grinding Machine Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of regional analysis, the Global Vertical Grinding Machine Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Asia Pacific dominated the market in 2018 owing to the rising adoption of metal cutting processes in the region. Given that the Asia Pacific is home to some of the key market companies in the milling machine industry, it is anticipated to continue dominating the global market over the forecast period. Government initiatives such as the Government of India's Make in India' and 'Skill India' are also expected to drive the demand for machine tools in the region.
• Key Players In Vertical Grinding Machine Market
• The "Global Vertical Grinding Machine Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• Abwood Machine Tools, Amada, Amada Machine Tools America, ANCA, C & B Machinery, Campbell Grinder, CT Machine Tools, Danobat, ELB-SCHLIFF Werkzeugmaschinen, Aba Grinding Technologies, Aschaffenburg, EMAG, Erwin Junker Maschinenfabrik, Falcon Machine Tools, Chevalier Machinery, Fives Cinetic, Gleason, Glebar, Harding.
• The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
• Global Vertical Grinding Machine Market