Grinding Machine Market

Grinding Machine Market Outlook (2024 to 2034)

A recently updated Fact.MR research report reveals that the global grinding machine market is valued at US$ 16.75 billion in 2024. Projections for the period between 2024 and 2034 indicate a 5.8% CAGR (compound annual growth rate) for global grinding machine sales growth, resulting in a market size of US$ 29.44 billion by 2034-end.

Global market growth is attributed to the exceptional characteristics of grinding machines. These machines assist in carrying out machining procedures automatically, thereby resulting in shorter timeframes and improved work quality. It provides several advantages, such as improved reliability, reduced operation cost, and enhanced efficiency.

Emerging requirements for creating consistent, complex, and accurate cuts in several end-use industries, such as automotive, manufacturing, aerospace, and others, is resulting in the rising sales of grinding machines. These machines operate effectively with software, which further assists in achieving machine accuracy, thereby minimizing human errors.

Grinding machines provide several advantages, such as requiring less pressure, providing highly accurate dimensions, operating at higher temperatures, and capability to machine harder materials. Easy availability of different grinding machine types, such as centerless grinding, wet & dry grinding, form grinding, cylindrical grinding, and surface grinding is generating lucrative opportunities for market players. Development of smart factories and Industry 4.0 is positively influencing grinding machine market trends around the world.

• Global demand for grinding machines for application in the automotive industry is analyzed to accelerate at 5.9% CAGR and reach a market worth US$ 7.45 billion by the end of 2034.
• East Asia is calculated to account for 33.6% share of the global market by 2034.
• Sales of grinding machines in South Korea are forecasted to climb at a CAGR of 6.2% from 2024 to 2034.

Report Attribute	Detail
Grinding Machine Market Size (2024E)	US$ 16.75 Billion
Forecasted Market Value (2034F)	US$ 29.44 Billion
Global Market Growth Rate (2024 to 2034)	5.8% CAGR
Japan Market Growth Rate (2024 to 2034)	5.5% CAGR
North America Market Share (2034F)	24.6%
Market Share of CNC Grinding Machines (2034F)	32.5%
Key Companies Profiled	Blastrac BV; Robert Bosch Power Tools GmbH; Amada Machine Tool Co., Ltd.; Toyoda; Mitsubishi Heavy Industries, Ltd.; Makita Corporation; Hitachi; Stanley Black & Decker, Inc.; Fein; Junker Group; Nidec Machine Tool Corporation; DMG Mori; Klindex; Scanmaskin; ANCA; Tschudin AG.

Which Market Trends are Positively Influencing Grinding Machine Sales Globally?

“Increasing Demand for Precision-engineered Components”

There are increased requirements for precision-engineered components with high surface and tight tolerance features. Grinding machines play a crucial role in manufacturing precision parts with smooth surfaces, accurate dimensions, and fine finishes, thereby helping in matching requirements of end-use industries, such as automotive, manufacturing, aerospace, construction, and many others.

Ongoing advancements taking place in grinding technology, such as digitalization, machine automation, and precision grinding techniques assist in enhancing the accuracy, productivity, and efficiency of operations. Manufacturers are investing significantly in advanced grinding machines, which are equipped with innovative features. These machines assist in reducing cycle times, matching evolving consumer requirements, and improving process performance.

What’s Challenging Global Grinding Machine Market Growth?

“Higher Prices of Raw Materials Used in Manufacturing Grinding Machines”

Costs of raw materials are increasing significantly around the world. This increased cost is leading to a lasting impact on the overall prices of the end product. A gradual hike in the prices of raw materials, such as ceramics and steel is adversely impacting demand for grinding machines for their growing prices.

How are Startups Altering the Grinding Machine Landscape?

“Efforts by New Market Players Environment-friendly Products and Innovations”

Several product innovations, such as the introduction of environment-friendly grinding machines, which are entirely dust-free, help in reducing pollution, and produce little noise are helping startups attract more end-use industries, such as automotive, oil & gas, and others. In addition, the implementation of government initiatives for promoting smart infrastructure development is also taking the global market to new heights.

Country-wise Insights

East Asia is forecasted to possess 33.6% share of the global market by the end of 2034, as mentioned in the updated report by Fact.MR, a market research and competitive intelligence provider. Increasing demand for grinding machines from several end-use industries, such as tooling machines, automotive, and aerospace is attributed to their efficiency and high precision.

What is the Market Scenario for Grinding Machines in the United States?

“Presence of Key Manufacturers of Grinding Machines”

Attribute	United States
Market Value (2024E)	US$ 2.97 Billion
Growth Rate (2024 to 2034)	6% CAGR
Projected Value (2034F)	US$ 5.29 Billion

The United States is approximated to contribute 73.1% of North American market revenue share by 2034. The country is contributing significantly to regional market revenue share with the presence of some of the prominent end-use industries, such as automotive, manufacturing, oil & gas, and others. Further, the presence of some of the prominent market players, such as Hybrid Manufacturing Technologies and Gleason Corporation in the country is also generating remunerative opportunities there.

Why is China Holding the Top Spot in the East Asian Market?

“Large-scale Manufacturing Operations and Infrastructure Projects”

Attribute	China
Market Value (2024E)	US$ 2.61 Billion
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 4.64 Billion

China is analyzed to account for a share of 46.9% of the East Asian market by the end of 2034. The country is emphasizing the use of machine tools, such as grinding machines for industrial, commercial, and residential construction. Market players are encouraged to target manufacturing operations and infrastructure projects with the availability of affordable labor and raw materials in the country.

What is Responsible for Steady Expansion of the Grinding Machine Market Size in Japan?

“High Preference for Automation across Industries”

Attribute	Japan
Market Value (2024E)	US$ 1.59 Billion
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 2.71 Billion

Japan is projected to hold a share of 27.4% of the market in East Asia by 2034-end. Rising preference for smart manufacturing technologies and automation are generating requirements for grinding machines for their comparatively reduced costs and improved efficiency. Grinders are pivotal tools used in automated manufacturing procedures, thereby becoming a popular choice among manufacturers looking for solutions used in automation.

Category-wise Insights

A noteworthy share of worldwide demand for grinding machines comes from the automotive industry due to their increased use in several applications, such as brake cylinders, gear shafts, splines, and brake pistons. Their features of offering high precision fitting to these parts are contributing to increased demand globally.

Why are CNC Grinding Machines Gaining Traction in the Global Market?

“High Use of CNC Grinding Machines in Process Automation”

Attribute	CNC
Segment Value (2024E)	US$ 5.29 Billion
Growth Rate (2024 to 2034)	6.1% CAGR
Projected Value (2034F)	US$ 9.57 Billion

CNC (computerized numerical control) grinding machines are calculated to occupy a share of 32.5% of the global market by 2034. As an effective precision tool, these machines are utilized significantly in several industries, such as aerospace, machinery manufacturing, and automotive. Increasing digitalization is contributing to the rising use of CNC machines for industrial automation activities due to their high precision requirements.

In addition, these tools also assist in shortening the operating period, making them popular choices among end users. Increasing demand for cylindrical CNC machines is owing to the growing focus of end-use industries, such as automotive, aerospace, and others for high precision, rising need for time efficiency, enhanced productivity, and reduced operational cost.

Why is Demand for Grinding Machines High in the Automotive Industry?

“Growing Use of Grinding Machines in Automotive Part Manufacturing for Ensuring High Precision Fittings”

Attribute	Automotive
Segment Value (2024E)	US$ 4.2 Billion
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 7.45 Billion

The automotive industry is evaluated to capture 25.3% of the grinding machine market share by the end of 2034. Growing demand and production of several car parts across several regions, especially East Asia is contributing to the increased preference for grinding machines. They are used extensively in several applications, such as brake cylinders, hydraulic steering pistons, splines, gear shafts, and brake pistons for high-precision fitting.

Competitive Landscape

Key players in the grinding machine market are spending at a significant rate for new product launches to enrich their existing portfolio. In addition, their active involvement in partnerships, collaborations, and other marketing strategies helping them get a competitive edge.

For instance :

• Nidec Machine Tool Corporation announced the development of a high-accuracy grinding or polishing method in February 2024. This is utilized in machine internal gears for large-scale production, which is further used for drive units and transmission of automobiles.
• Tschudin AG is one of the prominent global leaders offering high-precision cylindrical grinding solutions. In May 2022, the company entered into a partnership with the United Grinding Group, which is one of the prominent manufacturers of precision grinding machines. This partnership aims to offer customers more comprehensive support by ensuring complimentary grinding solutions with the use of their shared sales networks.

Fact.MR provides detailed information about the price points of key manufacturers of grinding machines positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Grinding Machine Market 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
    • 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
  • Maritime
  • Construction
  • Electrical & Electronics
  • Industrial Manufacturing
  • Others

• By Sales Channel :

  • Franchises Outlets
  • Specialty Stores
  • Modern Trade
  • Online Channels
    • Manufacturers Websites
    • Third-party Websites

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA