22 Feb 2019 - The Grinding Machines Market is anticipated to grow at a significant CAGR growth in the forthcoming period. Grinding machines are tools used for the advancement of the critical dimension product with greater accuracy. They use an abrasive wheel as the tool for grinding. There are various types of grinding machines such as tool and cutter grinders, bench grinders, jig grinders, profile grinders, surface grinders, gear grinders, special purpose grinders, and cylindrical grinders. These grinders are implemented for numerous operations such as grinding of internal and outer diameters of the work piece as well as critical profiles. Both computer numerical control (CNC) and conventional types of grinding machines are offered by vendors in the global market. They are implemented by numerous companies across several industries such as part manufacturing, die mold, aerospace, electrical and electronic, machine tool, job shops, shipbuilding, defense, and automotive. A bench grinder is used to perform finishing and roughing operations and is manually operated machine which normally has two wheels of dissimilar grain sizes that are fixed on a work bench or floor stand. It is mainly used to shape and repair various tools. A belt grinder comprises a machining process to grind metals and different materials, with the help of coated abrasives. It is a flexible process that encompasses several kinds of applications such as finishing and stock removal.
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Global Grinding Machines market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Amada Machine Tools
- ANCA
- Danobat Machine Tool
- JUNKER Group
- KMT
- Penn United Technologies
- Okuma
- Makino
- TAIYO KOKI
- Toyoda Americas and more…
A jig grinder is used for finishing dies, jigs, and fixtures. It grinds holes and used for finishing work and complicated surface grinding. It is used to eliminate the last few inches of material while manufacturing high accuracy gears. Technology advancements in grinding machines are rapidly transforming the grinding process, making it more productive and automated. With latest software, sophisticated CNCs, and increasing number of axes being made available on advanced grinding devices, a particular machine can now accomplish multiple grinding functions. One of the most important developments in CNC grinding is the new control technology that permits closed loop grinding and enables easy running of machines. Accurate and high speed grinding machines are increasing in demand, given the stringent end-user quality standards for finished products. Aggressive advertising in emerging nations and stating the benefits of grinding machines in the manufacturing sector has generated awareness and augmented the demand for these machines. Various global grinding machine vendors are setting up exhibitions and demonstration centers in the region to upsurge their market reach.
One of the key market drivers for the global grinding machine market is the need for cost reduction in product advancement. An indefinite economic atmosphere is affecting organizations across industries to look for resolutions that can lessen their production costs and put a halt to their declining profit margins, and this is leading to an upsurge in the adoption of grinding machines. Few other key drivers include increasing prosthetic surgeries implemented worldwide drives demand for precise grinding machine for orthotics and prosthetics, focus on rigid consumer quality criterions and precision engineering for the finished products aids trades of advanced Computer Numerical Control grinding machine, and automated machines with several grinding functions to observe strong acceptance in significant end use sectors. Lack of skilled labor in automation and tough grinding works in the automotive industry fuels the end-user preference for precision automotive center less grinding machines, and diamond grinding wheels.
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Further, one of the major challenges the grinding machine market faced are the high cost of grinding machines. Heavy initial cost of grinding machines beside high training costs is acting as a barrier to their adoption of grinding machines. The global grinding machine market captures three end user industries for revenue consideration which are automotive, precision machinery and general machinery. Geographically, grinding machine market is segmented into North America, Asia Pacific, Middle East and Asia, Europe and Latin America, while the Key regions for this market are North America, Asia Pacific and Middle East and Africa. Asia Pacific signifies the largest worldwide market and it also represents the fastest emerging market over the forecast period. Rapid urbanization, growing GDP, robust domestic demand for goods and services, industrialization, population growth, and strong construction, electronics, and automotive industries are has been the key growth drivers in this region.
Market segment by Type, the product can be split into
- Conventional Grinding Machine
- CNC Grinding Machine
Market segment by Application, Grinding Machines can be split into
- Automotive Machinery
- General Machinery
- Precision Machinery
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