Global Grinding Machinery Market Research Report: By Type (Cylindrical, Surface, Gear, Tool & Cutter, and Other Grinding Machinery), Application (Aerospace & Defense, Automotive, Electrical & Electronics, Shipbuilding, and Others), Distribution Channel (Online and Offline), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2025
Grinding machine is fast evolving as a power tool that facilitates the production process in several ways. Market Research Future (MRFR) studied various aspects to realize that this growth may surpass USD 7 billion valuation by 2025. The market can achieve a CAGR of 5% during the forecast period covering 2019 to 2025. Factors ensuring the market growth are the rising demand from end user segment, growing inclusion in the automotive sales and a hike in the demand for electric cars, surging deployment of the machine in mid-level industries, and others. However, high initial price and its capital intensive nature may hold back the market from achieving a smooth rise in coming years.
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The global grinding machinery market, as studied by MRFR analysts, has been segmented by type, application, and distribution channel. Inputs and information received from these segments would bolster the study of the global market.
By type, the global market includes surface, tool & cutter, gear, cylindrical, and others. The cylindrical surface segment is expected to get backed by the rapid adoption of CNC cylindrical grinding machines, which would boost its market dominance.
By application, the global grinding machinery market includes automotive, shipbuilding, electrical & electronics, aerospace & defense, and others. The automotive segment has the chance to outgrow others in the coming years as the automotive infrastructure and the sale of electric vehicles are getting traction from several quarters.
By distribution channel, the global grinding machinery market includes segments like online and offline. The online segment has a chance of capitalizing on multi-brand e-commerce sites.
Burgeoning end user sectors including the automotive industry is expected to bolster the dominance of Asia Pacific. Countries like China, India, South Korea, Taiwan, Japan, and others are securing growth opportunities for the market.
The global market for grinding machines is getting backed by the strategic developments launched by grinding machine manufacturers like DANOBAT (Spain), Amada Machine Tools Co. Ltd, (Japan), Junker (Germany), ANCA Pty Ltd (Australia), Gleason Corporation (US), Körber AG (Germany), Fives (France), Makino Milling Machine Co. Ltd (Japan), Hybrid Manufacturing Technologies (US), and JTEKT Corporation (Japan). In the report published by MRFR, analysts have reviewed steps that were taken in the last few years to gauge changes in the market and predict outcomes. Merger, acquisition, innovation, collaboration, and others were some of the common methods applied by these companies.
In August 2020, Rollomatic launched their new GrindSmart model 630XW machine with latest innovative capabilities that would be particularly efficient in handling production grinding of solid carbide boring bars and diverse types of stationary cutting tools. This machines offers exceptional flexibility when compare to conventional single-purpose grinders. Its 6 fully interpolating CNC axes and a 6-station wheel/nozzle changer enable the machine to adapt to specific needs of individual boring bar designs. The compact and versatile design create scope for full interchangeability among inserts, boring bars, and round tools.
The device can easily be used to perform actions like grinding of rake face, grinding of neck, grinding of coolant flat, profile grinding, and other brand-dependent features. In collaboration with NUM AG, Revoc AG replaced the complete electrical installation, while retrofitting a Kellenberger machine.
The global market for grinding machinery may hit a slag as financial structure of companies have got affected by the attacks of the COVID-19 pandemic. End user industries like automotive sector got hit badly, which might reduce the chances of expansion. However, with economic restoration works, the market may retrace its steps to the growth tracks.
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