Grinding Machines Market: Increasing Adoption of Industry 4.0 to Drive the Market

The global grinding machines market size is expected to reach USD 6.73 billion by 2026 on account of increasing demand from automobile industries worldwide. According to a report published by Fortune Business Insights™ titled, "Grinding Machines Market Size, Share & Industry Analysis, By Product (CNC (Cylindrical Grinding Machine, Surface Grinding Machine, Others (Centerless Grinding Machine, Gear Grinding Machines)), Conventional), By Application (Automotive, General Machinery, Precision Machinery, Transport Machinery, Others) and Regional Forecast, 2019-2026," the market value was USD 4.72 billion in 2018. The market is likely to exhibit a CAGR of 4.6% and grow remarkably in the forecast period of 2019 to 2026.

Increasing Demand from Aerospace Industry to Augment Market Growth

The rise in the capability of grinding machines that offer stable processing temperatures is a major factor boosting the grinding machines' market growth. This is further attributed to the improved heaters and chillers section that are used significantly in applications such as automotive and aerospace industries. Besides this, there is a rise in need for modern grinders with fast and flexible speed blades, and this is further expected to increase the overall grinding machinery market size during the forecast period.

Moreover, the rising adoption of Industry 4.0 for data exchange and automation for manufacturing technologies have further propelled manufacturers to add sensors in grinders for maintenance and prediction purposes. This is further anticipated to help increase the overall grinding machine market size in the forecast period.

Increasing Demand for Acquiring New Aircrafts to Help Asia Pacific Lead Market

As per the geographical approach, the market is dominated by Asia Pacific on account of the rise in demand from different industries such as tooling applications, automotive, and aerospace. In 2018, Asia Pacific accounted for USD 2.62 billion grinding machinery market share on account of the procurement of new aircraft from developing nations such as India, Vietnam, and Indonesia. To cite an example, India is expecting the arrival of two B777 planes by the end of 2020. Additionally, the rise in demand from the metal processing industry is anticipated to help North America attract high grinding machine market revenue in the forecast period.

Some of the key industry developments in the grinding machines market are:

January 2018 –The world leading producer of CNC grinding machines ANCA launched their TapXmicro grinding solution for single setup grinding micro taps of 3mm. These grinding machines are specially designed for use in the micro tap market.

August 2019 – 360-degree range of STUDER internal cylindrical grinding machines was launched by the United Grinding North America. This machine is applicable for use in high production and radii grinding operations.

Some of the key grinding machinery market manufacturers include:

• Falcon Machine Tools Co., Ltd
• JTEKT Toyoda Americas Corporation
• United Grinding North America
• DANOBATGROUP
• Junker Group
• ANCA
• Makino
• DMG Mori
• Mitsubishi Heavy Industries, Ltd
• Amada Machine Tools Co., Ltd.

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About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Contact: Email: sales@fortunebusinessinsights.com US +1 424 253 0390 / UK +44 2071 939123