The global grinding machinery market size was estimated at USD 5.63 billion in 2023 and is anticipated to grow at a CAGR of 4.3% from 2024 to 2030. The growing construction and automotive industry is expected to drive the market demand. The automotive industry demands high-precision components with tight tolerances and fine surface finishes for engine parts, transmission components, and chassis elements, driving the demand for precision grinding machines. Moreover, the aerospace industry requires components with the highest levels of quality, reliability, and safety, leading to a growing demand for grinding machines to machine complex aerospace components such as turbine blades, engine casings, and structural components.
The demand for grinding machinery is rising across various industries, driven by the need for precision components and the growth of sectors like automotive, aerospace, and construction. Grinding machines are highly valued for their precision, efficiency, and ability to automate industrial processes. They are widely used in aerospace, machinery manufacturing, and automotive industries, where tight tolerances and high-quality finishes are critical.
Gather more insights about the market drivers, restrains and growth of the Grinding Machinery Market
Key Grinding Machinery Company Insights
Some of the key players operating in the market include Amada Machine Tools Co., Ltd., Junker Group, and Haas Automation, Inc.
• Amada Machine Tools Co., Ltd. offers diversified products specializing in automation machines, combination machines, high precision CNC lathe machines, bending, joining, and cutting such as laser combination machines, punch machines, and shearing machines. The company also offers AMADA Industry 4.0 solutions, V-factory, AMADA Order Manager, and IoT Remote Support to meet challenging production deadlines, complex production processes, and limited access to real-time data innovations. Incorporating advanced IoT-based support helps the company penetrate the CNC machining and turning centers market. The company has a presence in over 100 countries and a total of 35 manufacturing facilities worldwide. It generated 38.8% of revenue from Japan, 26.3% from North America, 19.6% from Europe, and over 15% from Asia Pacific in the fiscal year 2022.
• Haas Automation, Inc. manufactures vertical mills, multi-axis lathe & mill machines, horizontal mills, automation systems, and rotaries & indexers. The products are manufactured at the company’s expansive facility in Oxnard, California. To maintain accuracy and product quality, the company produces all essential parts required for machine manufacturing internally. Its 1.1 billion-square-foot premises leverage lean manufacturing techniques and just-in-time production strategies to enhance the efficiency of its production by reducing the cost. This approach allows the company to offer machines at lower prices with superior quality by transferring the benefits of cost savings to the customers.
Recent Developments
• In May 2024, UNITED GRINDING, a leading manufacturer of grinding machinery, launched two innovative products to enhance automation and productivity in the tool-grinding industry. The first is the HELITRONIC VISION 400 L, a high-end tool-grinding machine that offers advanced capabilities. The second is the fully automatic HELICHECK PLUS measuring machine, which is part of the "Automated Tool Production" (ATP) system. The launch of these new products by UNITED GRINDING demonstrates the company's commitment to providing advanced grinding machinery that improves efficiency, productivity, and automation in tool manufacturing applications. These innovations cater to the growing demand for precision tools across various industries, including aerospace, automotive, and general engineering.
• In February 2024, Nidec Machine Tool Corporation, a subsidiary of Nidec Corporation, announced the development of the world's first high-accuracy polishing (grinding) method for mass-producing internal gears used in automotive drive units, transmissions, and robotic joints. While advanced polish-machining techniques for external gears in mass production have been available, Nidec's breakthrough addresses the challenge of achieving the required accuracy and productivity for internal gears, which traditional grinding, honing, or skiving methods have been unable to match. This innovative solution from Nidec is poised to revolutionize the manufacturing of critical internal gear components, catering to the growing demand in the automotive and robotics industries, where precision and efficiency are paramount.
Global Grinding Machinery Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global grinding machinery market based on type, application, and region:
Type Outlook (Revenue, USD Billion, 2018 - 2030)
• Non-precision Grinder
o Bench Grinder
o Portable Grinder
o Pedestal Grinder
o Flexible Grinder
• Precision Grinder
o Cylindrical Grinding Machines
o Surface Grinding Machines
o Centre-less Grinding Machines
o Tool and Cutter Grinding Machines
Application Outlook (Revenue, USD Billion, 2018 - 2030)
• Automotive
• Aerospace
• Medical
• Construction
• Industrial Manufacturing
• Electrical and Electronics
• Marine Industry
• Others
Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
• Asia Pacific
o Japan
o China
o India
o Australia
o South Korea
• Latin America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
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