Grinding Machines Market
Grinding Machines Market Analysis By Product Type (Angle Grinders, Bench Grinders, Belt Grinders, Wet Grinders, Die Grinders, Surface Grinders, Floor Grinders), By End-use Industry, By Sales Channel & Regional Forecast 2021-2031
Grinding Machines Market Outlook
Newly-released grinding machine industry analysis by Fact.MR, a market research and competitive intelligence provider, shows that ,global demand enjoyed year-on-year (YoY) growth of 13.1% in 2021, to total 3,520 units. CNC grinders are forecast to capture a little over 64% in value market share.
Interested to Procure The Data
Revenue Analysis of Grinding Machines from 2016 to 2020 Compared to Demand Outlook for 2021 to 2031
As per the grinding machine industry research, historically, from 2016 to 2020, market value of grinding machines decreased at around -1.5% CAGR, wherein, countries such as the U.S., Canada, China, Japan, and Germany held significant share in the global market.
With a growing construction and aerospace industry, the grinding machinery market is forecast to expand at a moderate CAGR of 5.9% over the coming 10 years.
- The grinding machine market saw a decline in growth in 2020 with worldwide revenues down -18.2% by value year-over-year.
- Fact.MR estimates that grinding machine revenue will grow 1.8X from 2021 to 2031, reaching nearly US$ 25 Bn by 2031, at a ten-year compound annual growth rate (CAGR) of 5.9%.
- As per Fact.MR’s market insights, global market revenue totaled US$ 12.5 Bn for 2020.
- Demand for angle grinding machines will accelerate at the highest pace of 7.4% CAGR.
- CNC machines held 64% market share in 2020 by value, as their pricing is way higher than other segments under product type.
- Online sales of gear grinding machines are expected to increase and capture a market share of 48% by value.
- While demand was impacted by COVID-19, full swing of economy is likely to ensure stable long-term forecasts, especially for CNC grinding machines.
How is Growing Automotive Vehicle Industry Triggering Demand for Grinding Machines?
Automotive vehicle demand is continuously increasing across the world. Nowadays, people prefer to move from one place to another in personal vehicles. The global automotive market is expected to grow to US$ 8.9 Tn by 2030.
Increasing infrastructure activities is boosting commercial vehicle demand. Use of grinding machines in the automotive sector is huge and the sector held 17.9% market share in 2020. Grinding machine sales from the automotive industry are expected to rise at a CAGR of 6%.
What Makes Grinding Machines Vital in Manufacturing Industries?
Grinding machines save significant cost to end users as well as their manufacturers. They are useful in industries for precession cutting and reducing the particulate size of various materials. Governments’ push to promote infrastructure and manufacturing projects has further opened new opportunities for grinding machine manufacturers.
Since governments play an important role in unlocking opportunities in the manufacturing sector, in some countries, they are extending support in terms of providing loans, production link incentive schemes, etc. Increase in FDI, investments and subsidies to boost manufacturing industries will eventually boost demand for grinding machines. The industrial manufacturing sector will account for 25.8% market share by 2031.
An Adaptive Approach to Modern-day Research Needs
What are the Barriers Faced by Leading Grinding Machine Manufacturers?
Grinding machine manufacturers are facing operational disadvantages from customers and increasing cost of raw materials is raising the prices of end products. Shortage of raw material causes a major restrain and causes a delay in production.
Metal demand has drastically increased over the last few months. Demand for metals is expected to increase and may cause further shortage of raw materials. Having long-term contracts with raw material manufacturers will help organizations recover and streamline the supply chain.
Which Region Offers Huge Opportunity for Sales of Grinding Machines?
Europe is expected to account for over 25.6% market share by value at the end of the forecast period. In 2021, grinding machine demand in Europe is forecasted to grow 9.1% year-on-year, bucking initial scepticism about how the market would perform during a global pandemic. Across Europe, total demand for grinding machines is expected to rise at 5.3% CAGR.
There is a significantly high penetration of manufacturers of cylindrical grinding machines in Germany, forecasted to increase at a CAGR of 5.5% over the forecast period. France is forecasted to account for 15% market share by the end of 2031.
Will the U.S. Steer Sales of Automated Grinding Machines?
Currently, the U.S. has one of the largest and advanced manufacturing sector in the world, and by end-use industry, this sector uses the maximum number of grinding machines in the world.
The U.S. automotive industry is also a major consumer of surface grinding machines. The U.S. grinding machine market is expected to expand at 6.1% CAGR over the next ten years.
How Has Grinding Machine Demand Been Shaping across Established & Emerging Markets
Japan: The market Japan is forecasted to rise at 5.9% CAGR by value over the forecast period. Japan is forecasted to account for 13.2% market share by value of East Asia.
U.K.: It is estimated that demand for grinding machinery in the U.K. will have 16% of market share by value in Europe by 2031. The U.K. market is expected to rise at a CAGR of 6.1% through 2031.
India: Initiatives by the Government of India are boosting the manufacturing sector. Demand for grinding machines will further increase as companies start expansion. Boost to construction and infrastructure sector by the government will increase demand for grinding machines.
It is expected that India will account for more than 39% of market share by 2031. The India market is forecasted to expand at 7.1% CAGR.
Will China’s Growing Prosperity Boost Adoption of Grinding Machines?
China has been significantly focusing on residential, commercial, as well as industrial machine tools for construction. In a very short time, Chinese cities have transformed themselves with their strong trade surplus. Availability of raw materials and economical labour have further encouraged them to emphasize on infrastructure projects and manufacturing operations.
Use of grinding machines in construction and manufacturing operations is expected to increase in China. The market in China is expected to rise at 7.3% CAGR.
Top manufacturers of grinding machines in China will push the market, which is expected to account for 76.9% market share in East Asia.
Avail customized purchase options for your needs
Why is Demand for CNC Grinding Machines High across the Globe?
Computerized numerical control (CNC) grinding machines are precision tools used for many applications. Digitalization and industrialization is increasing the efficiency of many processes used across industries.
CNC helps organizations to install automated grinding machines for robust grinding processes. It reduces time of operation in the industry. Demand for CNC grinding machines is expected to increase at 5.8% CAGR and hold 63.1% market share by 2031.
Which End-use Industry Holds the Largest Market Share of Grinding Machines?
Manufacturers are using digital capabilities to help increase supply network awareness as they decide where and when to reconfigure their global manufacturing footprint. Manufacturers can now use a digital supply network (DSN) to automate this process and obtain real-time visibility into operations across a complicated supply network.
Industrial manufacturing held the largest market share of 24.5% in 2020 and is further estimated to account for 25.8% market share by 2031. Industrial manufacturing is forecasted to rise at 6.4% CAGR through 2031.
How Has COVID-19 Impacted Revenue Generation from Grinding Machines?
COVID-19 has negatively impacted demand for grinding machines. Year-on-year growth was negative 18.2% in 2020 by value. Demand for grinding machines dropped due to the pandemic as construction and non-essential manufacturing was halted throughout the world.
Grinding machine demand is expected to increase at a CAGR of 5.9% by value over the forecast period. Government spending on infrastructure and production-linked incentive schemes is helping the industry to revive from the COVID-19 pandemic.
Majority companies discussed in the report have focused on expansion, investments, acquisitions, delivery focus, portfolio expansion, and brand development.
Some of the key developments are:
- In February 2020, JTEKT Toyoda Americas Corporation and Ace Micromatic Group formed a strategic collaboration to offer high-speed production machines.
- In June 2020, JTEKT Toyoda Americas Corporation launched new products with added attributes and manufacturing solutions in order gain dominance over the market.
Similarly, recent developments related to companies offering grinding machines have been tracked by the team at Fact.MR, which are available in the full report.
Grinding Machine Market Report Scope
Market size value in 2021
USD 14.1 Billion
Market forecast value in 2031
USD 25 Billion
CAGR of 5.9% from 2021 to 2031
Historical Data Available for
|‘000 Units for Volume and US$ Mn for Value|
Key Regions Covered
|Key Countries Covered||
Key Market Segments Covered
Key Companies Profiled
|Other Companies Analysed||
Available upon Request
Market Segments Covered in Grinding Machines Industry Research
By Product Type
- Angle Grinders
- Cordless Angle Grinders
- Corded Angle Grinders
- Pneumatic Angle Grinders
- Bench Grinders
- Belt Grinders
- Wet Grinders
- Die Grinders
- Electric Die Grinders
- Pneumatic Die Grinders
- Floor Grinders
- Surface Grinders
- CNC Roll Grinders
- CNC Crankshaft Grinders
- CNC Plain Cylindrical Grinders
- CNC Surface Grinders
- Angle Grinders
By End-use Industry
- Use of Grinding Machines in Automotive
- Use of Grinding Machines in Aerospace & Defense
- Use of Grinding Machines in Construction
- Grinding Machines for Machine Tools & Parts and Industrial Manufacturing
- Application of Grinding Machines for Electrical & Electronics
- Use of Grinding Machines in Maritime Industry
By Sales Channel
- Franchised Outlets
- Specialty Stores
- Modern Trade
- Online Channels
- Manufacturers Websites
- Third party Websites
- FAQs -
The global grinding machine market size in 2021 is worth more than US$ 14.1 Bn
Sales of grinding machines are projected to increase at a CAGR of 5.9% during 2021 – 2031.
Value sales of grinding machines decreased at a CAGR of -1.5% during 2016 – 2020 as sales of conventional grinding machines dropped drastically.
Increasing construction activities is one of the key trends driving demand for gear grinding machines.
Mounting industrial manufacturing sector stands as the core driver for the market.
Top 5 countries driving demand for grinding machines are the U.S., China, India, Germany, and Russia.
North America accounted for 23.5% market share by value of global grinding machine demand in 2020.
The European market for grinding machines is projected to expand at a CAGR of 5.3% by value during 2021 and 2031.
The United States, Japan, China, and Germany are key manufacturers of grinding machines.
Demand for surface grinding machines in Japan will increase at 5.9% CAGR accounting for close to 14% share by value in the East Asia market by 2031.
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
Automotive Human Interface System Market Forecast, Trend Analysis & Competition Tracking: Global Rev...
Automotive Laser Lighting Market expects strong growth during 2018-2028. Rising demand for luxury ca...
The automotive step plate market is to grow at a CAGR of 3%-5% through 2031. Rising demand for comme...