Grinding Machines Market

Global Grinding Machines Market Outlook (2022-2032)

The global grinding machines market has reached a valuation of US$ 14,962.4 million in 2022 and is expected to progress at a CAGR of 5.8% to reach US$ 26,324.2 million by the end of 2032.

Sales of CNC machines accounted for nearly 2/3rd share of the global grinding machine market in terms of value by the end of 2022.

Report Attributes	Details
Grinding Machines Market Size (2021A)	US$ 14,165.6 million
Estimated Market Value (2022E)	US$ 14,962.4 million
Forecasted Market Value (2032F)	US$ 26,324.2 million
Global Market Growth Rate (2022-2032)	5.8% CAGR
North America Market Share (2021)	~24.1%
North America Market Value (US$ Mn), 2022	US$ 3,598.5 million
Europe Market Share (%), 2022	~26.9%
Europe Market Value (US$ Mn), 2022	US$  4,019.4 million
China Market Share (%), 2022	~ 74%
China Market Value (US$ Mn)	US$ 2,409.6 million
Market Share of Top 3 Countries	~41.6%
Key Companies Profiled	Robert Bosch Power Tools GmbH Makita Corporation Stanley Black & Decker, Inc. Husqvarnacp Xingyi Stone Caring Tools, Co Ltd Klindex Xingyi Stone Caring Tools, Co Ltd Blastrac BV Scanmaskin Shaanxi Ronlon Machinery Co.,Ltd Fein Hitachi Toyoda

Sales Analysis of Grinding Machine (2017-2021) Vs. Market Outlook (2022-2032)

Sales of grinding machines are anticipated to be driven by demand from the automotive industry, particularly in tool manufacturing. Additionally, as high accuracy can be attained with the help of CNC grinding machines, rising user preference for efficient and precise products is anticipated to support grinding machine sales.

Due to increased infrastructure activity worldwide, the construction industry also has an impact on the global market of grinding machine. This is expected to further fuel the market's growth. Additionally, several technological advancements in the design and composite materials used in grinding machine are credited with having a positive influence on the market of grinding machine during the assessment period.

• Short Term (2022 Q2 to 2025): Growing investments in industrialization will positively impact grinding machines market growth.
• Medium Term (2025-2028): North America and China are projected to witness comparatively high grinding machine demand due to increasing industrial manufacturing companies.
• Long Term (2028-2032): Due to surge demand for construction and automotive machinery to open opportunities for grinding machine suppliers as well as manufacturers.

From 2017 to 2021, the global market for grinding machine registered a CAGR of 0.4%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 5.8% CAGR between 2022 and 2032.

Market share analysis of grinding machine based on end-use industry and region is provided in the above image. Under the end-use industry, automotive sub-segment dominates with 18.1% market share in 2022.

What’s Driving High Demand for Grinding Machine across Regions?

“Surging Manufacturing Industry is Presumed to Bolster the Demand for Grinding Machine”

Expanding manufacturing industry across developing economies including China, India and Brazil has contributed to the growth curve of the manufacturing industry. The manufacturing industry has witnessed immense growth in the past few decades and is expected to remain in the growth trajectory owing to heightened global trade which is expected to surge demand for construction and manufacturing machinery.

The increasing manufacturing industry will emphasize the demand for grinding machines over the next decade. Some of the leading manufacturing industries which are presumed to hold dominance in the grinding machines market are automotive, aerospace, die & tools attributed to high precision and accuracy. Thus, the global market for grinding machine is anticipated to reach US$ 26,324.2 million in 2032.

“Emerging Online Sales Channel is Expected to Strengthen the Supply Chain of Grinding Machine”

In the past decade, Internet has witnessed immense growth all across the globe and finds a remarkable place in the day-to-day lifestyle of common people. Soaring internet networks seamlessly led to conglobate the world and portray a much clear picture of regional clusters. It is being observed that the surging internet has widened the scope of multiple arrays, and one-line sales channel is one of them.

Manufacturers and distributors are focused to strengthen their online-sales channel owing to a wide spectrum of customer base. Companies have developed their website to sell their products as well as utilizes numerous e-commerce platforms to corner a significant market share. Thus, these characteristics are anticipated to drive the demand for the global grinding machines market.

What Do Grinding Machine Manufacturers Need to Watch Out for?

“The Unavailability of Advanced Tools to Collect the Data Points Can Impede the Market Growth”

Prices of raw materials have round the clock revised by some of the potential suppliers over the past half-decade, considering various external factors. A fleet surge in the cost of raw materials led to lastly impact on the overall cost of the grinding machine. Gradual hike in raw materials including, steel and ceramics may potentially restrict the growth of the market which led to a dip in the growth curve.

The aforementioned factors play a vital role in the growth of the market, Increase in the raw material prices will lead to an adverse impact on the volume of the grinding machine over the projected period. These elements are anticipated to limit the growth of the global market for grinding machines.

Country-wise Insights

How Grinding Machines Market in U.S. Expected to Be Highly Lucrative?

The United States has one of the most developed and large manufacturing sectors in the world, and utilization in the end-use industry, this sector uses the most grinding machines globally. Another significant user of surface grinding machines in the United States is the automotive industry.

Over the next ten years, the U.S. grinding machines market is anticipated to grow at a 6% CAGR. Additionally, it is anticipated that the North American market would generate a valuation of US$ 5,648.8 million by 2032.

Will Increasing Use of Advance Machinery in China Drive Grinding Machine Demand?

China has placed a lot of emphasis on machine tools for residential, commercial, and industrial construction. With their significant trade surplus, Chinese cities have undergone rapid transformation. They have been further encouraged to emphasize infrastructure projects and manufacturing operations through the availability of raw materials and affordable labor.

In China, the use of grinding machines in manufacturing and construction projects is anticipated to rise. China's market is anticipated to grow at a CAGR of 7.3% in projected period. China is therefore anticipated to experience significant market growth in the future.

Category-wise Insights

How is CNC grinding machines a Driving Segment in Grinding Machine?

Precision tools, such as computerized numerical control (CNC) grinding machines, are used in many different applications. Many industrial processes are becoming more efficient as a result of digitalization and industrialization. The organization uses CNC to automate its grinding procedures. It shortens the industry's operating period.

Owing to the above facts of CNC in the grinding machines market is expected to generate a valuation of US$ 16,591.7 million by the end of 2032.

Why is Market Growth Being Led by the Automotive Industry?

The global market for car parts has expanded moderately over the last five years, and this trend is expected to continue. Due to the region's high demand and effective production practices, APAC is expected to develop at the fastest rate throughout the forecast period.

The majority of the global market for automotive components is made up of the aftermarket parts sector, which also comprises suppliers, dealers, and manufacturers of engines and automobile components. Asian countries like China, India, and others are increasingly taking the lead in producing automobile components due to their larger market potential and accessible low-cost manufacturing options. OEMs are focusing on helping suppliers build and grow their businesses in China and India.

Competitive Landscape

Prominent grinding machine manufacturers are Robert Bosch Power Tools GmbH, Makita Corporation, Stanley Black & Decker, Inc., Husqvarnacp, Xingyi Stone Caring Tools, Co Ltd, Klindex, Xingyi Stone Caring Tools, Co Ltd, Blastrac BV, Scanmaskin, Shaanxi Ronlon Machinery Co., Ltd, Fein, Hitachi, Toyoda.

Some of the key developments are:

• On 10 February 2020, JTEKT Toyoda Americas Corporation and Ace Micromatic Group have formed a strategic collaboration to offer high-speed production machines.
• On 23 June 2020, JTEKT Toyoda Americas Corporation showcased new products and manufacturing solutions at technical fair.

Fact.MR has provided detailed information about the price points of key manufacturers of grinding machine positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Grinding Machine Industry

• By Product Type

  • Angle Grinder
    • Cordless angle grinder
    • Corded angle grinder
    • Pneumatic angle grinder
  • Bench Grinder
  • Belt Grinder
  • Wet Grinder
  • Die grinders
    • Electric die grinders
    • Pneumatic die grinders
  • Floor grinder
    • Hand held
    • Walk behind
    • Ride on
  • Surface Grinders
  • CNC
    • CNC roll grinders
    • CNC crankshaft grinders
    • CNC plain cylindrical grinders
    • CNC surface grinders

• By End Use Industry

  • Automotive
  • Aerospace
  • Construction
  • Industrial manufacturing
  • Electrical & Electronics
  • Maritime Industry
  • Others

• By Sales Channel

  • Franchised Outlets
  • Specialty Store
  • Modern Trade
  • Online Channel
    • Manufacturers website
    • Third party website

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa