Vertical Grinding Mills Market: Introduction
Vertical grinding mills are the machines used to grind various materials for different purposes such as finishing, stock removal and others. These mills are heavily adopted across various industries, such as electronics, automotive, metal work etc. The global vertical grinding mills market is expected to foray ahead with a substantial CAGR over the forecast period, 2018-2028. The growing manufacturing output across the globe has been considered as one of the key trends that is supplementing the global vertical grinding mills market growth. As per United Nations Industrial Development Organization (UNIDO), the global manufacturing value added (MVA) is likely to showcase a growth rate of 3.9% in 2018. Therefore, owing to various factors, such as increasing population, industrialization etc. the manufacturing output is expected to increase till 2028, which is augmenting the vertical grinding mills market growth. Moreover, with the focus on industrial automation, surge in demand for CNC (Computerized Numerical Control) incorporated grinding machines, coupled with strongly rising automotive industry, and positive government stance towards manufacturing industry, are some of the factors providing traction to the vertical grinding mills market growth.
Increasing automotive industry is propelling the market growth over forecast period
High demand of grinding mills specifically from automotive industry is leveraging huge adoption opportunities for the mills. As per OICA (International Organization of Motor Vehicle Manufacturers), Paris, the total cars and commercial vehicle production in 2016 was recorded to be around 72.1 million that further escalated up to 73.4 million in 2017. The automotive industry in particular calls for high adoption of vertical grinding mills for finishing and stock removal of various parts such as drums, hubs, bearings, pins, keys and many more. In addition, heavy metal works pertaining to automotive industry also calls for grinding applications.
Furthermore, the advent of Industry 4.0 into the manufacturing sector is tending to provide huge growth prospects to the Vertical grinding mills market. Industrial automation on a global level would call for vertical grinding mills, as emphasis would be laid on a large number of machines and not on manual techniques.
Moreover, the CNC incorporated grinding mills are also offering huge benefits across various industries such as electronics, automotive, metal work, healthcare and others. Accuracy, consistency, precision etc. are some of the benefits proposed by CNC machines.
Segmentation analysis of Vertical Grinding Mills Market
The global vertical grinding mills market is bifurcated into three major segments that are type, motor capacity and end-user industry.
On the basis of type, the global vertical grinding mills market is divided into:
- Surface grinders
- Centerless grinders
- Cylindrical grinders
- Internal Grinders
- Special grinders
On the basis of motor capacity, the global vertical grinding mills market is divided into:
- <50 KW
- 50-100 KW
- 100-200 KW
- >200 KW
On the basis of end-use industry, the global vertical grinding mills market is divided into:
Based on region, the global vertical grinding mills market is segmented as:
- North America
- Latin America
- East Asia
- South Asia
Vertical Grinding Mills Market: Regional Outlook
The global vertical grinding mills market is segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. Among the above-mentioned regions, South Asia and East Asia are estimated to account for a majority of the global vertical grinding mills market share owing to well-established manufacturing industry. In addition, focus on industrial automation coupled with positive government stance worldwide for manufacturing industry is also driving the vertical grinding mills market. India is one of the key emerging markets for vertical grinding mills in the region. Moreover, Europe followed by North America is projected to showcase moderate growth in the global Vertical grinding mills market. Middle East & Africa and Latin America accounts for a substantial market share in terms of vertical grinding mills demand.
Key players of Vertical Grinding Mills Market
Prominent players in the global vertical grinding mills market are Falcon machine tools, Danobatgroup, ANCA, 600 Group, Amada Holdings and DMG MORI etc. The vertical grinding mills market consists of well-diversified global and regional players with global vendors ruling the market.
The research report presents a comprehensive assessment of the Vertical grinding mills market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Vertical grinding mills market report provides analysis and information, according to market segments such as geographies, type and industry.
The Vertical Grinding Mills Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Vertical grinding mills Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia
- South Asia
The Vertical grinding mills report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Vertical grinding mills report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Vertical grinding mills report also maps the qualitative impact of various market factors on market segments and geographies.
The Vertical grinding mills Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Benefits of Becoming a Fact.MR Client
- Access to our global market coverage
- Periodic updates on your sector
- Exclusive discounts and offers
- Greater flexibility for customization
- Quick-research assistance for ad-hoc needs
- Access to credible insights Fact.MR analyst interactions
- Access to Fact.MR tools and research to fuel strategy development