Grinding Machinery Market To Reach USD 7.96 Billion By 2032 Owing To Increasing Demand For Precision Manufacturing | Research By SNS Insider

(MENAFN- GlobeNewsWire - Nasdaq) Precision Engineering Fuels Growth in Grinding Machinery Market as Aerospace, Automotive, and Manufacturing Industries Demand Higher Accuracy and Efficiency.

Austin, Feb. 17, 2025 (GLOBE NEWSWIRE) -- The SNS Insider report indicates that “T he Grinding Machinery Market size was valued at USD 5.44 Billion in 2023 and is expected to reach USD 7.96 Billion by 2032, growing at a Compound annual growth rate of 4.32% over the forecast period of 2024-2032. ”

The Grinding Machinery Market is experiencing significant growth due to the rising demand for precision machinery across various industries, including aerospace, automotive, and electronics. As manufacturing sectors require high-performance, detailed components with tight tolerances and exceptional surface finishes, the need for advanced grinding technologies has intensified.

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Key Companies:

• Amada Machine Tools Co. Ltd (Surface Grinders, CNC Surface Grinders, Cylindrical Grinders)
• DANOBAT (Grinding Machines, Vertical Grinding Machines, Cylindrical Grinders, Internal Grinders)
• ANCA Pty Ltd (CNC Tool & Cutter Grinders, Grinding Software, Tool Grinding Solutions)
• Junker (CBN Grinding Machines, Cylindrical Grinders, Profile Grinding Machines)
• Körber AG (CNC Grinding Machines, Tool Grinding Solutions, Automatic Grinding Systems)
• Fives (High-Precision Grinding Machines, CNC Grinding Machines, Grinding Systems for Aerospace)
• Gleason Corporation (Gear Grinding Machines, CNC Gear Grinders, Gear Production Systems)
• Hybrid Manufacturing Techologies (Hybrid Additive and Subtractive Manufacturing Systems, Hybrid 3D Printing Solutions)
• Makino Milling Machine Co. Ltd (Vertical Machining Centers, Grinding Machines for Aerospace)
• JTEKT Corporation (CNC Cylindrical Grinders, Centerless Grinders, Grinding Machines for Bearings)
• Okamoto Machine Tool Works (Surface Grinders, Cylindrical Grinders, Precision Grinders)
• Studer (Cylindrical Grinders, CNC Grinding Machines, Precision Grinding Machines)
• Kellenberger (Universal Cylindrical Grinders, CNC Grinding Systems)
• SCHAUDT (Cylindrical Grinders, Internal Grinders, Grinding Machines for Automotive)
• Ziersch GmbH (Surface Grinders, Cylindrical Grinders, Special Grinding Solutions)
• Toshiba Machine Co., Ltd. (Surface Grinders, CNC Grinding Machines, Vertical Grinders)
• Heald Machine Co. (Precision Grinding Machines, Horizontal Grinders, CNC Grinders)
• Chevalier Machinery Inc. (Surface Grinders, CNC Grinders, Double-Column Grinders)
• Sunnen Products Company (Honing Machines, Vertical Honing, CNC Honing Systems)
• Taiwan Grinding Machine Manufacturer (Cylindrical Grinders, CNC Grinding Machines, Surface Grinders)

Grinding Machinery Market Report Scope:

Report Attributes	Details
Market Size in 2023	USD 5.44 Billion
Market Size by 2032	USD 7.96 Billion
CAGR	CAGR of 4.32% From 2024 to 2032
Base Year	2023
Forecast Period	2024-2032
Historical Data	2020-2022
Report Scope & Coverage	Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments	. By Type (Non-precision Grinder (Bench Grinder, Portable Grinder, Pedestal Grinder, Flexible Grinder), (Precision Grinder (Cylindrical Grinding Machines, Surface Grinding Machines, Centre-less Grinding Machines, Tool and Cutter Grinding Machines)) . By Application (Automotive, Aerospace, Medical, Construction, Industrial Manufacturing, Electrical and Electronics, Marine Industry, Others)
Key Drivers	. Rising demand for precision engineering drives the grinding machinery market as industries like aerospace, automotive, and manufacturing require high-quality surface finishes and tight tolerances.

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Precision Grinders and Automotive Sector Propel Growth in Grinding Machinery Market

By Type : The Precision Grinder segment dominated the market with a share of over 66% in 2023. Precision grinders are essential in industries demanding exactness and optimal surface finishes, strengthening this dominance. Industries like aerospace, automotive and electronics rely on precision grinding for the production of parts that must adhere to tight tolerances. Due to the need for precision grinding machinery, the market continues to be strong further because of the intrinsic industry continues to develop complex and advanced components

By Application: The Automotive segment led the market with a share of over 25% in 2023, due to the increasing need for precision in the automotive manufacturing process. Automobile parts such as engine components, transmission gears, and other mechanical parts necessitate very accurate machining. They are vital for attaining the deep tolerances and surface coatings required to produce high-performance automotive items. Leading players in the industry are likely to incorporate advanced grinding technologies, which not only strengthens the market presence of the automotive sector, but also enhances both production effectiveness and product quality.

Asia-Pacific Leads Grinding Machinery Market with Dominant Share, While North America Sees Rapid Growth

Asia-Pacific is the dominant region in the grinding machinery market which held a market share of over 42% in 2023. This is largely due to the tremendous manufacturing power of countries in the region such as China, Japan and South Korea. Such circumstances have spurred demand for precision grinding technologies in many other industries, including automotive, aerospace, and heavy manufacturing, and have established these nations as global industrial centers.

North America is also witnessing significant growth in the grinding machinery market, driven by the rising demand for advanced grinding technologies in various sectors, including automotive and aerospace, as well as the pulp and paper industry. Rapid investments in the modernization of manufacturing facilities and the integration of automation in production lines, are major factors propelling the requirement for precision grinding equipment.

Recent Developments

In May 2024: UNITED GRINDING launched two advanced products: the HELITRONIC VISION 400 L tool-grinding machine and the HELICHECK PLUS measuring machine. These innovations are part of the company's "Automated Tool Production" system, designed to improve precision and efficiency in industries like aerospace, automotive, and general engineering.

Table of Contents – Major Key Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

6. Competitive Landscape

7. Grinding Machinery Market Segmentation, By Type

8. Grinding Machinery Market Segmentation, By Application

9. Regional Analysis

10. Company Profiles

11. Use Cases and Best Practice

12. Conclusion

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