Global Grinding Machinery Market, By Type (Cylindrical, Surface, Gear, Tool & Cutter, and Other Grinding Machinery), Application (Aerospace & Defense, Automotive, Electrical & Electronics, Shipbuilding, and Others), Distribution Channel (Online and Offline) – Industry Trends and Forecast to 2029
Grinding Machinery Market Analysis and Size
The surge in industrial automation across major parts of the world is expected to generate prominent sales avenues in the global grinding machinery market. As a result, it is anticipated that over the projected period there would be a large increase in demand for grinding machinery.
Global grinding machinery market was valued at USD 5,394.10 million in 2021 and is expected to reach USD 8030.47 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Cylindrical, Surface, Gear, Tool & Cutter, and Other Grinding Machinery), Application (Aerospace & Defense, Automotive, Electrical & Electronics, Shipbuilding, and Others), Distribution Channel (Online and Offline)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Rieter (Switzerland), Saurer Intelligent Technology AG (Switzerland), Murata Machinery USA, Inc. (U.S.), LAKSHMI MACHINE WORKS LIMITED. (India), Trützschler (Switzerland), KIRLOSKAR TOYOTA TEXTILE MACHINERY PVT LTD. (India), A.T.E. Private Limited (India), Itema S.p.A. (Italy), Marzoli Grinding Solutions (Italy), and Savio Macchine Tessili S.p.A. (Italy)
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Market Opportunities
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Market Definition
Grinding machinery is a wheel tool used to create fine finishes and light cuts on metals and other materials. The wheels vary in size and grain, and are made of various diamonds, stones, and other materials. Grinding machines are useful for polishing tools and other equipment.
Global Grinding Machinery Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Booming construction industry is creating positive outlook
The significant growth in the global construction industry is creating a positive outlook for the market. Grinding machines are widely used due to their durability, ease of use, and increased operational efficiency. In line with this, the widespread use of products in malls and offices for removing paint and glue, improving the aesthetics, mechanical properties, and interiors, and repairing and restoring the floor is boosting market growth. Furthermore, the rising demand for remote-controlled floor grinding machines that are adjustable and simple to use is boosting market growth.
Opportunities
- Innovation and Initiatives
Various product innovations, such as introducing environmentally friendly grinders that are completely dust-free, produce little noise, and help reduce pollution, are driving market growth. The implementation of various government initiatives to promote smart infrastructure development is expected to propel the market even higher.
Restraints/Challenges
- High Costs
The major barrier of the market expansion is the high manufacturing cost of the machinery. The high cost associated with manufacturing and maintenance further increases the grinding machinery cost, hindering market growth.
- Drawback Associated with Machinery
The significant risk of machine exposures has a negative effect on the growth of the market for grinding machinery. This factor is projected to pose as a challenge for the grinding machinery market over the forecast period.
This grinding machinery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the grinding machinery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Grinding Machinery Market
The coronavirus outbreak is projected to hugely impact the grinding machinery market. There has been various lockdown and travel restrictions, which has largely resulted in the unavailability of the raw materials and suspension of various manufacturing activities across the globe. This has negatively affected the market growth over the forecasted period. The grinding machinery market size and market share decreased due to the shutdown since the production of grinding machines and the provision of related services were restricted to reasonable levels. Some retail businesses and online services have temporarily been shut down. The industrial automation and equipment business has suffered as a result of these problems, which have had a considerable negative influence on the world economy. There was a significant supply and demand deficit as a result of the ban on grinding machinery output. The COVID-19 epidemic has had an effect on the supply networks of numerous grinding machinery manufacturers. A number of businesses are also having cash flow issues, which could make them completely stop their production operations. As a result, the market for grinding machinery is anticipated to be significantly affected by COVID 19.
Recent Developments
- In January 2022, The Italian company Morgan Tecnica (of the ATE Group) created the single ply cutting technology to satisfy such needs. Multiple cutting heads on the PLY1 can cut both soft and hard textile materials. PLY1 can quickly and accurately handle various fabrics, including carpet fabric and even unusual materials with various compositions and dimensions, up to a thickness of 60 mm.
- In April 2021, The 40,000 square foot expansion for the Giant Magellan Telescope structure was started by Ingersoll Machine Tools. As part of the development, an Ingersoll MasterMillTM will be installed in the new structure, creating one of the biggest milling centres in the country and meeting the manufacturing requirements of the U.S. Defense Department.
Global Grinding Machinery Market Scope
The grinding machinery market is segmented on the basis of type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Cylindrical
- Surface
- Gear
- Tool & Cutter
- Other Grinding Machinery
Application
- Aerospace & Defense
- Automotive
- Electrical & Electronics
- Shipbuilding
- Others
Distribution channel
- Online
- Offline
Grinding Machinery Market Regional Analysis/Insights
The grinding machinery market is analyzed and market size insights and trends are provided by country, type, application and distribution channel as referenced above.
The countries covered in the grinding machinery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the grinding machinery market because of the increasing installation of grinding machinery within the region during the forecast period of 2022 to 2029. Also, the presence of advanced machinery will further boost the growth of the Nano-robots market in the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the Supporting government policies in rising countries such as China and India. Moreover, the high demand from various industries will also boost the regional market’s growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Grinding Machinery Market Share Analysis
The grinding machinery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to grinding machinery market.
Some of the major players operating in the grinding machinery market are
- Rieter (Switzerland)
- Saurer Intelligent Technology AG (Switzerland)
- Murata Machinery USA, Inc. (U.S.)
- LAKSHMI MACHINE WORKS LIMITED (India)
- Trützschler (Switzerland)
- KIRLOSKAR TOYOTA TEXTILE MACHINERY PVT LTD. (India)
- A.T.E. Private Limited (India)
- Itema S.p.A. (Italy)
- Marzoli Grinding Solutions (Italy)
- Savio Macchine Tessili S.p.A. (Italy)
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