Grinding Machinery Global Market Opportunities and Strategies to 2032

This report describes and explains the grinding machinery market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and the major economies within each region.

The global grinding machinery market reached a value of nearly $6,556.5 million in 2022, having increased at a compound annual growth rate (CAGR) of 4.1% since 2017. The market is expected to grow from $6,556.5 million in 2022 to $9,536.1 million in 2027 at a rate of 7.8%. The market is then expected to grow at a CAGR of 8.1% from 2027 and reach $14,058.6 million in 2032.

Growth in the historic period resulted from the strong economic growth in emerging markets, the growth in construction activities, the growth of the aerospace industry, an increased automotive production and an increased consumption of machine tools. Factors that negatively affected growth in the historic period were the COVID-19 impact and a decrease in world manufacturing production growth.

Going forward, an increasing urbanization, the growing shipbuilding industry and an increasing demand from the mining industry will drive the market. Factors that could hinder the growth of the grinding machinery market in the future include the shortage of workforce, the rising interest rates and the Russia-Ukraine war impact.

The grinding machinery market is segmented by product into angle grinders, bench grinders, belt grinders, wet grinders, die grinders, floor grinders, surface grinders and CNC. The CNC market was the largest segment of the grinding machinery market by product, accounting for $3,932.3 million or 6o.0% of the total market in 2022. The CNC market is expected to be the fastest-growing segment going forward at a CAGR of 8.1%.

The grinding machinery market is segmented by application into automotive, transport machinery, general machinery, precision engineering and other applications. The automotive market was the largest segment of the grinding machinery market by application, accounting for $2,779.1 million or 42.4% of the total market in 2022. The automotive market is expected to be the fastest-growing segment going forward at a CAGR of 8.1%.

The grinding machinery market is segmented by distribution into online and offline. The offline market was the largest segment of the grinding machinery market by distribution, accounting for $3,582.2 million or 54.6% of the total market in 2022. The online market is expected to be the fastest-growing segment going forward at a CAGR of 8.1%.

Asia-Pacific was the largest region in the grinding machinery market, accounting for 33.9% of the global market in 2022. It was followed by North America, Western Europe and other regions. Going forward, the fastest growing regions in the grinding machinery market will be the Asia-Pacific and the Middle East, where growth will be at CAGRs of 9.7% and 8.6% respectively from 2022-2027.

The global grinding machinery market is moderately fragmented with a large number of players operating in the market. The top ten competitors in the market made up to 21.57% of the total market in 2021. Fanuc was the largest competitor with 6.79% share of the market, followed by JTEKT Corporation with 4.71%, DMG Mori with 2.16%, Amada Co., Ltd with 1.78%, Makino Milling Machine Co. Ltd with 1.51%, ANCA Pty Ltd with 1.48%, Junker Group with 1.26%, DANOBAT GROUP with 1.17%, Okuma Corporation with 0.42%, and Gleason Corporation with 0.30%.

The top opportunities in the grinding machinery market by product will arise in the CNC market, which will gain $1,863.3 million of global annual sales by 2027. The top opportunities in the grinding machinery market by application will arise in the automotive market, which will gain $1,321.1 million of global annual sales by 2027. The top opportunities in the grinding machinery market by distribution will arise in the offline market, which will gain $1,569.6 million of global annual sales by 2027. The grinding machinery market size will gain the most in the USA at $579.2 million.

Market-trend-based strategies for the grinding machinery market include technological advancements, automation solutions, introduction of robotic machines, IIoT (Industrial Internet of Things)-based industry 4.0 grinding solutions, product innovations and strategic partnerships and collaborations.

Player-adopted strategies in the grinding machinery industry include a focus on providing innovative solutions through the launch of new products, a focus on enhancing the business operations through new product launches, strengthening the operational capabilities through the launch of new products and a focus on enhancing the business capabilities through strategic collaborations and partnerships.

To take advantage of the opportunities, the publisher recommends the grinding machinery companies to focus on automation solutions, focus on introduction of robotic machines, focus on IIoT-based industry 4.0 solutions, focus on product innovation, expand in emerging markets, continue to focus on developed markets, focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target end-use industries and focus on fast-growing applications.