Grinding Machinery Market Size 2024-2028
The grinding machinery market size is forecast to increase by USD 1.61 billion at a CAGR of 5.7% between 2023 and 2028. The market is experiencing significant growth, driven primarily by the expansion of the global automotive industry, which relies heavily on precision grinding for manufacturing components. Another trend influencing the market is the integration of Industry 4.0 solutions, including automation, IoT, and data analytics, into grinding machines to enhance productivity and efficiency. However, the high costs associated with purchasing and maintaining these advanced machines pose a challenge for small and medium-sized enterprises. Despite this, the market is expected to continue growing due to the increasing demand for high-precision grinding applications in various industries, including aerospace, energy, and heavy machinery manufacturing.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global grinding machinery market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global grinding machinery market 2018 - 2022 ($ million)
- 4.2 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
- 4.3 Application Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 CNC grinding machine - Market size and forecast 2023-2028
- Exhibit 34: Chart on CNC grinding machine - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on CNC grinding machine - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on CNC grinding machine - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on CNC grinding machine - Year-over-year growth 2023-2028 (%)
- 6.4 Conventional grinding machine - Market size and forecast 2023-2028
- Exhibit 38: Chart on Conventional grinding machine - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Conventional grinding machine - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Conventional grinding machine - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Conventional grinding machine - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 44: Chart on Application - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
- 7.2 Comparison by Application
- Exhibit 46: Chart on Comparison by Application
- Exhibit 47: Data Table on Comparison by Application
- 7.3 Automotive - Market size and forecast 2023-2028
- Exhibit 48: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on Automotive - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
- 7.4 Industrial machinery - Market size and forecast 2023-2028
- Exhibit 52: Chart on Industrial machinery - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Industrial machinery - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Industrial machinery - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Industrial machinery - Year-over-year growth 2023-2028 (%)
- 7.5 Precision machinery - Market size and forecast 2023-2028
- Exhibit 56: Chart on Precision machinery - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Data Table on Precision machinery - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Chart on Precision machinery - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Precision machinery - Year-over-year growth 2023-2028 (%)
- 7.6 Others - Market size and forecast 2023-2028
- Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.7 Market opportunity by Application
- Exhibit 64: Market opportunity by Application ($ million)
- Exhibit 65: Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2023-2028 (%)
- Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Germany - Market size and forecast 2023-2028
- Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Italy - Market size and forecast 2023-2028
- Exhibit 107: Chart on Italy - Market size and forecast 2023-2028 ($ million)
- Exhibit 108: Data Table on Italy - Market size and forecast 2023-2028 ($ million)
- Exhibit 109: Chart on Italy - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Italy - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ million)
- Exhibit 112: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2023 and 2028
11 Vendor Landscape
- 11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 116: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 117: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 12.3 Amada Co. Ltd.
- Exhibit 119: Amada Co. Ltd. - Overview
- Exhibit 120: Amada Co. Ltd. - Business segments
- Exhibit 121: Amada Co. Ltd. - Key offerings
- Exhibit 122: Amada Co. Ltd. - Segment focus
- 12.4 ANCA Pty Ltd.
- Exhibit 123: ANCA Pty Ltd. - Overview
- Exhibit 124: ANCA Pty Ltd. - Product / Service
- Exhibit 125: ANCA Pty Ltd. - Key offerings
- 12.5 DMG MORI Co. Ltd.
- Exhibit 126: DMG MORI Co. Ltd. - Overview
- Exhibit 127: DMG MORI Co. Ltd. - Business segments
- Exhibit 128: DMG MORI Co. Ltd. - Key offerings
- Exhibit 129: DMG MORI Co. Ltd. - Segment focus
- 12.6 Erwin Junker Maschinenfabrik GmbH
- Exhibit 130: Erwin Junker Maschinenfabrik GmbH - Overview
- Exhibit 131: Erwin Junker Maschinenfabrik GmbH - Product / Service
- Exhibit 132: Erwin Junker Maschinenfabrik GmbH - Key offerings
- 12.7 FALCON MACHINE TOOLS Co. Ltd.
- Exhibit 133: FALCON MACHINE TOOLS Co. Ltd. - Overview
- Exhibit 134: FALCON MACHINE TOOLS Co. Ltd. - Product / Service
- Exhibit 135: FALCON MACHINE TOOLS Co. Ltd. - Key offerings
- 12.8 FIVES SAS
- Exhibit 136: FIVES SAS - Overview
- Exhibit 137: FIVES SAS - Business segments
- Exhibit 138: FIVES SAS - Key offerings
- Exhibit 139: FIVES SAS - Segment focus
- 12.9 Geo Kingsbury Machine Tools Ltd
- Exhibit 140: Geo Kingsbury Machine Tools Ltd - Overview
- Exhibit 141: Geo Kingsbury Machine Tools Ltd - Product / Service
- Exhibit 142: Geo Kingsbury Machine Tools Ltd - Key offerings
- 12.10 Hardinge Inc.
- Exhibit 143: Hardinge Inc. - Overview
- Exhibit 144: Hardinge Inc. - Key offerings
- 12.11 JTEKT Machinery Americas Corp.
- Exhibit 145: JTEKT Machinery Americas Corp. - Overview
- Exhibit 146: JTEKT Machinery Americas Corp. - Product / Service
- Exhibit 147: JTEKT Machinery Americas Corp. - Key offerings
- 12.12 Lecn Anhui Co., Ltd.
- Exhibit 148: Lecn Anhui Co., Ltd. - Overview
- Exhibit 149: Lecn Anhui Co., Ltd. - Product / Service
- Exhibit 150: Lecn Anhui Co., Ltd. - Key offerings
- 12.13 Makino Inc.
- Exhibit 151: Makino Inc. - Overview
- Exhibit 152: Makino Inc. - Business segments
- Exhibit 153: Makino Inc. - Key offerings
- Exhibit 154: Makino Inc. - Segment focus
- 12.14 Mitsubishi Heavy Industries Ltd.
- Exhibit 155: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 156: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 157: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 158: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 159: Mitsubishi Heavy Industries Ltd. - Segment focus
- 12.15 MONDRAGON Corp.
- Exhibit 160: MONDRAGON Corp. - Overview
- Exhibit 161: MONDRAGON Corp. - Business segments
- Exhibit 162: MONDRAGON Corp. - Key offerings
- Exhibit 163: MONDRAGON Corp. - Segment focus
- 12.16 Okuma Corp.
- Exhibit 164: Okuma Corp. - Overview
- Exhibit 165: Okuma Corp. - Business segments
- Exhibit 166: Okuma Corp. - Key offerings
- Exhibit 167: Okuma Corp. - Segment focus
- 12.17 UNITED GRINDING North America, Inc.
- Exhibit 168: UNITED GRINDING North America, Inc. - Overview
- Exhibit 169: UNITED GRINDING North America, Inc. - Product / Service
- Exhibit 170: UNITED GRINDING North America, Inc. - Key offerings
13 Appendix
- 13.2 Inclusions and exclusions checklist
- Exhibit 171: Inclusions checklist
- Exhibit 172: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 173: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 174: Research methodology
- Exhibit 175: Validation techniques employed for market sizing
- Exhibit 176: Information sources
- 13.5 List of abbreviations
- Exhibit 177: List of abbreviations
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