This market research study identifies AMADA MACHINE TOOLS, ANCA, DANOBAT, and JUNKER as the leading players in the global grinding machinery market. A comprehensive analysis of this market is also presented by the end-user (general machinery, automotive machinery, precision machinery, and others) and by geography (the Americas, APAC, and EMEA).
Overview of the global grinding machinery market
According to Technavio’s analyst, the global grinding machinery market is anticipated to grow at a steady rate and post a CAGR of close to 4% during the forecast period. The increasing demand for grinding machines in aerospace applications will drive the growth prospects for the global grinding machinery market until the end of 2021. One of the major factors responsible for the growing demand for grinding machines in aircraft is its application in turbine rotors, shafts, fasteners, landing gear, and other parts to ensure quality and precision in various complex parts. The preference for grinding machines will further increase since they save time and help in manufacturing huge volumes of parts. With the increasing demand for new aircraft, the coming years will witness a rise in the demand for aircraft components, which will in turn, will spur the need for grinding machines.
The growing number of innovations in grinding machines will drive the growth prospects for the global grinding machinery market for the next four years. To reduce costs and time, several companies are constantly focusing on developing technologically advanced grinding machines, which led to the introduction of innovative and technologically advanced grinding machines that help in the production of precise and accurate products in lesser time and at a lower cost. One of the major grinding machine manufacturers STUDER, recently introduced three new radius internal cylindrical grinding machines especially for the manufacture of hydraulic components such as axial pump pistons housings.
Competitive landscape and key vendors
The global grinding machinery market is highly fragmented due to the presence of a large number of regional and international vendors across the globe. The market is highly-competitive and the vendors are increasingly competing against each other based on factors such as productivity, energy consumption, performance, reliability, and cost. Additionally, the dependence on third-party suppliers also poses as a major challenge for the growth of the vendors in this market.
Key vendors in this market are -
AMADA MACHINE TOOLS
Other prominent vendors in the market include Autania, Fives, Gleason, Hybrid Manufacturing Technologies, JTEKT, Körber, Makino, Master Abrasives, OKUMA, STUDER, TAIYO KOKI, and Toyoda Americas.
Segmentation by end-user and analysis of the grinding machinery market
The global grinding machinery market by general machinery accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the market segment's growth is the rapid growth in emerging markets and developing countries, expansion of existing units, setting up of new manufacturing units, process improvement, and upgradation activities in manufacturing companies.
Segmentation by geography and analysis of the grinding machinery market
In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the market during the forecast period. The demand for grinding machinery from the automotive, aerospace, and shipbuilding industries is the major factor fueling the growth of the market in this region.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global grinding machinery market?
What are the key market trends impacting the growth of the global grinding machinery market?
What are the challenges to market growth?
Who are the key vendors in the global grinding machinery market?
What are the market opportunities and threats faced by the vendors in the global grinding machinery market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global grinding machinery market?