Grinding Machine Market
Grinding Machine Market Study by Angles, Benches, Belts, Wet, Die, Floor, Surface, and CNC for Automotive, Aerospace, Construction, Industrial, Electricals, and Maritime from 2024 to 2034
Analysis of Grinding Machine Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Grinding Machine Market Outlook (2024 to 2034)
A recently updated Fact.MR research report reveals that the global grinding machine market is valued at US$ 16.75 billion in 2024. Projections for the period between 2024 and 2034 indicate a 5.8% CAGR (compound annual growth rate) for global grinding machine sales growth, resulting in a market size of US$ 29.44 billion by 2034-end.
Global market growth is attributed to the exceptional characteristics of grinding machines. These machines assist in carrying out machining procedures automatically, thereby resulting in shorter timeframes and improved work quality. It provides several advantages, such as improved reliability, reduced operation cost, and enhanced efficiency.
Emerging requirements for creating consistent, complex, and accurate cuts in several end-use industries, such as automotive, manufacturing, aerospace, and others, is resulting in the rising sales of grinding machines. These machines operate effectively with software, which further assists in achieving machine accuracy, thereby minimizing human errors.
Grinding machines provide several advantages, such as requiring less pressure, providing highly accurate dimensions, operating at higher temperatures, and capability to machine harder materials. Easy availability of different grinding machine types, such as centerless grinding, wet & dry grinding, form grinding, cylindrical grinding, and surface grinding is generating lucrative opportunities for market players. Development of smart factories and Industry 4.0 is positively influencing grinding machine market trends around the world.
- Global demand for grinding machines for application in the automotive industry is analyzed to accelerate at 5.9% CAGR and reach a market worth US$ 7.45 billion by the end of 2034.
- East Asia is calculated to account for 33.6% share of the global market by 2034.
- Sales of grinding machines in South Korea are forecasted to climb at a CAGR of 6.2% from 2024 to 2034.
| Report Attribute | Detail |
|---|---|
| Grinding Machine Market Size (2024E) | US$ 16.75 Billion |
| Forecasted Market Value (2034F) | US$ 29.44 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.8% CAGR |
| Japan Market Growth Rate (2024 to 2034) | 5.5% CAGR |
| North America Market Share (2034F) | 24.6% |
| Market Share of CNC Grinding Machines (2034F) | 32.5% |
| Key Companies Profiled | Blastrac BV; Robert Bosch Power Tools GmbH; Amada Machine Tool Co., Ltd.; Toyoda; Mitsubishi Heavy Industries, Ltd.; Makita Corporation; Hitachi; Stanley Black & Decker, Inc.; Fein; Junker Group; Nidec Machine Tool Corporation; DMG Mori; Klindex; Scanmaskin; ANCA; Tschudin AG. |
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Which Market Trends are Positively Influencing Grinding Machine Sales Globally?
“Increasing Demand for Precision-engineered Components”
There are increased requirements for precision-engineered components with high surface and tight tolerance features. Grinding machines play a crucial role in manufacturing precision parts with smooth surfaces, accurate dimensions, and fine finishes, thereby helping in matching requirements of end-use industries, such as automotive, manufacturing, aerospace, construction, and many others.
Ongoing advancements taking place in grinding technology, such as digitalization, machine automation, and precision grinding techniques assist in enhancing the accuracy, productivity, and efficiency of operations. Manufacturers are investing significantly in advanced grinding machines, which are equipped with innovative features. These machines assist in reducing cycle times, matching evolving consumer requirements, and improving process performance.
What’s Challenging Global Grinding Machine Market Growth?
“Higher Prices of Raw Materials Used in Manufacturing Grinding Machines”
Costs of raw materials are increasing significantly around the world. This increased cost is leading to a lasting impact on the overall prices of the end product. A gradual hike in the prices of raw materials, such as ceramics and steel is adversely impacting demand for grinding machines for their growing prices.
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How are Startups Altering the Grinding Machine Landscape?
“Efforts by New Market Players Environment-friendly Products and Innovations”
Several product innovations, such as the introduction of environment-friendly grinding machines, which are entirely dust-free, help in reducing pollution, and produce little noise are helping startups attract more end-use industries, such as automotive, oil & gas, and others. In addition, the implementation of government initiatives for promoting smart infrastructure development is also taking the global market to new heights.
Country-wise Insights
East Asia is forecasted to possess 33.6% share of the global market by the end of 2034, as mentioned in the updated report by Fact.MR, a market research and competitive intelligence provider. Increasing demand for grinding machines from several end-use industries, such as tooling machines, automotive, and aerospace is attributed to their efficiency and high precision.
What is the Market Scenario for Grinding Machines in the United States?
“Presence of Key Manufacturers of Grinding Machines”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 2.97 Billion |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034F) | US$ 5.29 Billion |
The United States is approximated to contribute 73.1% of North American market revenue share by 2034. The country is contributing significantly to regional market revenue share with the presence of some of the prominent end-use industries, such as automotive, manufacturing, oil & gas, and others. Further, the presence of some of the prominent market players, such as Hybrid Manufacturing Technologies and Gleason Corporation in the country is also generating remunerative opportunities there.
Why is China Holding the Top Spot in the East Asian Market?
“Large-scale Manufacturing Operations and Infrastructure Projects”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 2.61 Billion |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 4.64 Billion |
China is analyzed to account for a share of 46.9% of the East Asian market by the end of 2034. The country is emphasizing the use of machine tools, such as grinding machines for industrial, commercial, and residential construction. Market players are encouraged to target manufacturing operations and infrastructure projects with the availability of affordable labor and raw materials in the country.
What is Responsible for Steady Expansion of the Grinding Machine Market Size in Japan?
“High Preference for Automation across Industries”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 1.59 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 2.71 Billion |
Japan is projected to hold a share of 27.4% of the market in East Asia by 2034-end. Rising preference for smart manufacturing technologies and automation are generating requirements for grinding machines for their comparatively reduced costs and improved efficiency. Grinders are pivotal tools used in automated manufacturing procedures, thereby becoming a popular choice among manufacturers looking for solutions used in automation.
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Category-wise Insights
A noteworthy share of worldwide demand for grinding machines comes from the automotive industry due to their increased use in several applications, such as brake cylinders, gear shafts, splines, and brake pistons. Their features of offering high precision fitting to these parts are contributing to increased demand globally.
Why are CNC Grinding Machines Gaining Traction in the Global Market?
“High Use of CNC Grinding Machines in Process Automation”
| Attribute | CNC |
|---|---|
| Segment Value (2024E) | US$ 5.29 Billion |
| Growth Rate (2024 to 2034) | 6.1% CAGR |
| Projected Value (2034F) | US$ 9.57 Billion |
CNC (computerized numerical control) grinding machines are calculated to occupy a share of 32.5% of the global market by 2034. As an effective precision tool, these machines are utilized significantly in several industries, such as aerospace, machinery manufacturing, and automotive. Increasing digitalization is contributing to the rising use of CNC machines for industrial automation activities due to their high precision requirements.
In addition, these tools also assist in shortening the operating period, making them popular choices among end users. Increasing demand for cylindrical CNC machines is owing to the growing focus of end-use industries, such as automotive, aerospace, and others for high precision, rising need for time efficiency, enhanced productivity, and reduced operational cost.
Why is Demand for Grinding Machines High in the Automotive Industry?
“Growing Use of Grinding Machines in Automotive Part Manufacturing for Ensuring High Precision Fittings”
| Attribute | Automotive |
|---|---|
| Segment Value (2024E) | US$ 4.2 Billion |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 7.45 Billion |
The automotive industry is evaluated to capture 25.3% of the grinding machine market share by the end of 2034. Growing demand and production of several car parts across several regions, especially East Asia is contributing to the increased preference for grinding machines. They are used extensively in several applications, such as brake cylinders, hydraulic steering pistons, splines, gear shafts, and brake pistons for high-precision fitting.
Competitive Landscape
Key players in the grinding machine market are spending at a significant rate for new product launches to enrich their existing portfolio. In addition, their active involvement in partnerships, collaborations, and other marketing strategies helping them get a competitive edge.
For instance :
- Nidec Machine Tool Corporation announced the development of a high-accuracy grinding or polishing method in February 2024. This is utilized in machine internal gears for large-scale production, which is further used for drive units and transmission of automobiles.
- Tschudin AG is one of the prominent global leaders offering high-precision cylindrical grinding solutions. In May 2022, the company entered into a partnership with the United Grinding Group, which is one of the prominent manufacturers of precision grinding machines. This partnership aims to offer customers more comprehensive support by ensuring complimentary grinding solutions with the use of their shared sales networks.
Fact.MR provides detailed information about the price points of key manufacturers of grinding machines positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Segmentation of Grinding Machine Market Research
-
By Product Type :
- Angle Grinders
- Cordless Angle Grinders
- Corded Angle Grinders
- Pneumatic Angle Grinders
- Bench Grinders
- Belt Grinders
- Wet Grinders
- Die Grinders
- Electric Die Grinders
- Pneumatic Die Grinders
- Floor Grinders
- Hand Held
- Walk Behind
- Ride On
- Surface Grinders
- CNC
- CNC Roll Grinders
- CNC Crankshaft Grinders
- CNC Plain Cylindrical Grinders
- CNC Surface Grinders
- Angle Grinders
-
By End-use Industry :
- Automotive
- Aerospace
- Maritime
- Construction
- Electrical & Electronics
- Industrial Manufacturing
- Others
-
By Sales Channel :
- Franchises Outlets
- Specialty Stores
- Modern Trade
- Online Channels
- Manufacturers Websites
- Third-party Websites
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. End-use Industry
- 6.2. Product Type
- 6.3. Sales Channel
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End-use Industry
- 7.1. Automotive
- 7.2. Aerospace
- 7.3. Maritime
- 7.4. Construction
- 7.5. Electrical & Electronics
- 7.6. Industrial Manufacturing
- 7.7. Others
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
- 8.1. Angle Grinders
- 8.2. Bench Grinders
- 8.3. Belt Grinders
- 8.4. Wet Grinders
- 8.5. Die Grinders
- 8.6. Floor Grinders
- 8.7. Surface Grinders
- 8.8. CNC
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel
- 9.1. Franchises Outlets
- 9.2. Specialty Stores
- 9.3. Modern Trade
- 9.4. Online Channels
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. Middle East & Africa
- 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Sales Forecast 2024 to 2034 by End-use Industry, Product Type, Sales Channel, and Region for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Blastrac BV
- 20.2. Robert Bosch Power Tools GmbH
- 20.3. Amada Machine Tool Co., Ltd.
- 20.4. Toyoda
- 20.5. Mitsubishi Heavy Industries, Ltd.
- 20.6. Makita Corporation
- 20.7. Hitachi
- 20.8. Stanley Black & Decker, Inc.
- 20.9. Fein
- 20.10. Junker Group
- 20.11. Nidec Machine Tool Corporation
- 20.12. DMG Mori
- 20.13. Klindex
- 20.14. Scanmaskin
- 20.15. ANCA
- 20.16. Tschudin AG
- 21. Assumptions and Acronyms
- 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by Sales Channel, 2024 to 2034
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- FAQs -
How big is the grinding machine market in 2024?
The global grinding machine market is calculated at a value of US$ 16.75 billion in 2024.
What are the sales projections for grinding machines by 2034?
Worldwide sales of grinding machines are analyzed to reach US$ 29.44 billion by 2034-end.
At what CAGR is the demand for grinding machines approximated to increase?
The market for grinding machines is evaluated to expand at 5.8% CAGR from 2024 to 2034.
How much share of the global market is East Asia projected to hold?
East Asia is forecasted to account for 33.6% share of the global market by the end of 2034.
At what rate are the sales of grinding machines forecasted to climb in South Korea?
Demand for grinding machines in South Korea is projected to accelerate at 6.2% CAGR through 2034.
What is the contribution of CNC grinding machines to global market revenue?
CNC grinding machines are approximated to hold 32.5% share of the global market by 2034.
Who are the leading manufacturers of grinding machines?
Toyoda, DMG Mori, Makita Corporation, Hitachi, and Scanmaskin are some of the key market players.
Grinding Machine Market