Global Grinding Machine Market 2015-2019
About Grinding Machines
Grinding machines are tools used in the development of products with critical dimensions. They use an abrasive wheel as the tool for grinding. There are several types of grinding machines such as surface grinders, bench grinders, cylindrical grinders, tool and cutter grinders, jig grinders, gear grinders, profile grinders, and special purpose grinders. These grinders are adopted for several operations such as grinding of critical profiles as well as internal and outer diameters of the work piece. Both conventional and computer numerical control (CNC) types of grinding machines are offered by market vendors. They are adopted by several companies across various industries such as Automotive, Die Mold, Part Manufacturing, Job Shops, Aerospace, Shipbuilding, Defense, Electrical and Electronic, and Machine Tool.
TechNavio's analysts forecast the Global Grinding Machine market to grow at a CAGR of 6.47 percent over the period 2014-2019.
Covered in this Report
The Global Grinding Machine market covers three end-user industries for revenue consideration: General Machinery, Automotive, and Precision Machinery.
TechNavio's report, Global Grinding Machine Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Grinding Machine market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Grinding Machine Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Grinding Machine Market: Amada Machine Tools Co., Ltd, ANCA Pty. Ltd, Danobat Group and Junker Group.
Other Prominent Vendors in the market are: Autania, Fives Cinetic, Gleason, JTEKT, Körber, Okuma, Taiyo Koki and WMW Machinery.
Commenting on the report, an analyst from TechNavio’s team said: “Aggressive marketing in developing countries declaring the benefits of grinding machines in the manufacturing sector has created awareness and increased the demand for these machines. Several global grinding machine vendors are setting up demonstration centers and exhibitions in the region to increase their market reach.”
According to the report, the need for cost reduction in product development is one of the major drivers of the market. An uncertain economic environment is causing organizations across industries to look for solutions that can reduce their production costs and put a halt to their dwindling profit margins, and this is leading to an increase in the adoption of grinding machines.
Further, the report states that one of the major challenges in this market is the high cost of grinding machines. The high initial cost of grinding machines along with high training costs is acting as a barrier to their adoption.
Amada Machine Tools , ANCA , Danobat , Junker , Autania, Fives Cinetic , Gleason , JTEKT , Körber , Okuma , Taiyo Koki, WMW Machinery
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