Market Research Future (MRFR) has published a Half cooked research report on the “Grinding machinery Market” that contains information from 2023 to 2032. The Grinding machinery Market is estimated to register a CAGR of 5% during the forecast period of 2023 to 2032 and projected to grow at USD 7.75 billion by 2032.
MRFR recognizes the following companies as the key players in the Market — 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), JTEKT Corporation (Japan)
Grinding Machinery Market overview
It is expected that the Grinding Machinery Market will hold USD 7.75 billion by 2032 and a CAGR of approximately 5% during the forecast period. The tool is invented to design the workpieces. The machine uses an abrasive wheel that provides high surface quality with less surface roughness. It also generates a huge amount of heat. Grinding machinery increase productivity and reduce manufacturing cost.
Additionally, the grinding process involves easy loading and unloading of raw materials. There are several regulatory bodies worldwide to control grinding machinery's quality, safety, and standards. Some examples of the regulatory bodies are International Organization for Standardization and Occupational Safety and Health Administration (OSHA standards). Grinding machinery offers many benefits, such as easy to clean, high flexibility, and easy maintenance. These benefits make grinding highly popular worldwide.
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Segmentation:
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.
Market Drivers
End-Use Industries: The primary end-users of grinding machinery include automotive manufacturers for precision engine components, aerospace companies for turbine parts, and general manufacturing for a wide range of parts requiring precision finishing.
Technological Advancements: The grinding machinery market has seen significant advancements in terms of automation, computer numerical control (CNC) integration, and precision grinding technologies. These advancements have led to increased efficiency, accuracy, and productivity in grinding operations.
Industry Trends:
One of the significant trends in the grinding machinery market is the adoption of advanced grinding technologies, such as high-speed grinding and abrasive machining, to improve efficiency and reduce production time.
Key players
Grinding machinery Market Key Companies includes -
· 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)
· JTEKT Corporation (Japan)
Industry news
RoboGrinder, the grinding machine invented by the Fraunhofer Institute for Mechatronic Systems Design IEM, illustrates how artificial intelligence and control technology may be integrated to create a completely new trustworthy system.
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