Grinding Machinery Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Cylindrical Grinding Machine, Coordinate Grinding Machine, and Others), Industry (Medical, Mold and Die

The Grinding Machinery market size was valued at US$ 6,102.46 million in 2024 and is expected to reach US$ 8,441.31 million by 2031; it is estimated to record a CAGR of 4.9% from 2024 to 2031.

The grinding machinery market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. Asia Pacific dominated the market in 2023, followed by Europe and North America, respectively. Asia Pacific maintains a prominent position in the grinding machinery market owing to its strong industrial base and technological advancements. China dominates the market in this region. Japan, South Korea, and India are key contributors to the Asia Pacific market. China is one of the substantial manufacturing hubs in the region. The existence of industries such as aerospace, automotive, defense, and industrial machinery manufacturing fuels the demand for grinding machinery in Asia Pacific. These industries demand advanced fabricating solutions to meet the growing demand for precision components. The defense and aerospace sectors in China and India play a prominent role in driving the grinding machinery market. The ongoing technological innovations and the boost in military spending contribute to the market's growth. In 2022, the significant expansion of China's manufacturing industry, as indicated by the high purchasing managers' index (PMI) for the manufacturing sector, suggested increased production and demand for grinding machinery. With the PMI reaching its highest level in over a decade and showing a clear expansion trend, it signifies a favorable environment for industries that rely on grinding machinery. Thus, growing development in the industrial sector and the rising trend of precision manufacturing in the manufacturing sector are boosting the growth of grinding machinery in Asia Pacific.

Europe contributes a substantial share of the global grinding machinery market. The region is identified for its well-established manufacturing industries, including automotive, aerospace, industrial machinery, and medical devices. These industries rely heavily on grinding machinery to attain high precision and proficiency in their manufacturing procedures. Germany is a key market within Europe, identified for its innovative engineering and manufacturing capacities. The country's strong emphasis on innovation, automation, and digitalization drives the demand for grinding machinery. In 2022, the government in Germany invested US$ 220 billion in industrial transformation; Germany will see development in aerospace and industrial manufacturing, which will lead to an increase in demand for cutting-edge grinding machinery. Additionally, the European market is characterized by the adoption of numerical computer control (CNC) machines and precision manufacturing. The prominence of sustainability, energy efficiency, and environmental regulations further influences market dynamics.

The adoption of grinding machinery in China is driven by rapid industrial expansion across sectors such as automotive, aerospace, medical industry, and manufacturing. As China emphasizes improving its production capabilities and the durability of critical industrial components, grinding machinery has become a crucial process in component and parts manufacturing. China is one of the world's substantial automotive producers that significantly utilizes grinding machinery to treat springs, gears, and crankshafts, ensuring durability. The presence of large automotive manufacturers such as Zhejiang Geely Holding Group Co., Ltd. (Geely) and BYD incorporate advanced procedures in their production procedures to meet consumer demands for steadfast and long-lasting vehicles. With the rise of the aerospace sector in China, led by state-owned entities such as the Commercial Aircraft Corporation of China (COMAC), CNC machine is widely implemented in the manufacturing process of aircraft components such as fuselage panels, wing structures, and turbine blades; this ensures compliance with international safety standards.

In terms of solution, the grinding machinery market is segmented into cylindrical grinding machine, coordinate grinding machine, others. The others segment dominated the grinding machinery market share in 2024 and is expected to maintain its dominance during the forecast period.

Cylindrical grinding machines are designed to perform grinding operations on cylindrical workpieces. These machines typically rotate the workpiece against a rotating grinding wheel to remove material and achieve high precision in diameter and surface finish. The grinding process may include external, internal, and contour grinding, depending on the machine type and the workpiece requirements. Cylindrical grinding machines are primarily distinguished from other grinding types by their ability to handle cylindrical components. Unlike coordinate grinding machines, which are used for multi-dimensional grinding, cylindrical grinders focus on producing accurate cylindrical shapes, ideal for shafts, rods, and bushings. The market growth for the coordinate grinding machine segment is fueled by technological advancements such as the integration of automation and smart manufacturing solutions. The increasing complexity of parts in industries such as aerospace and medical devices also drives the demand for the grinding machinery.

DANOBAT GROUP; DMG Mori Company Limited; JTEKT Corp; Okuma Corp; Kellenberger Switzerland AG; Fives SAS; Erwin Junker Maschinenfabrik GmbH; HMT Machine Tools Limited; Fritz Studer AG; Fehlmann AG; PALMARY Machinery Co., Ltd.; EMAG Systems GmbH; Robbi Group SRL; LIZZINI; and MAG IAS GmbH are among the key grinding machinery market players that are profiled in this market study.

The overall grinding machinery market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the grinding machinery market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the grinding machinery market.

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