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Grinding Machines Market
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Grinding Machines Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS1401021, Published - December 2024

Segmented in Product Type (Surface Grinding, Cylindrical Grinding), End-User (Automotive, Electrical & Electronics, Industrial Manufacturing, Others), Technology and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Grinding Machines Market Outlook

Grinding devices have been in operation for than a century in various forms; however its their recent advancements that are captivating the manufacturing sectors attention. The market, for Grinding machines was estimated at $11.2 billion in 2024. It is anticipated to increase to $16.2 billion by 2030 with projections indicating a growth to around $22.0 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 6.3% over the forecast period. These innovative technologies have not just enhanced their accuracy and effectiveness. Have also made them essential instruments in tasks such, as milling and precision fabrication work.


Grinding machines work by eroding material from objects using abrasives to achieve dimensions and surface quality accurately as needed. This technology has evolved into forms; from small handheld devices suitable for home workshops, to complex CNC models designed for industrial use.


Market Size Forecast & Key Insights

2019
$11.2B2024
2029
$20.7B2034

Absolute Growth Opportunity = $9.5B

The Grinding Machines market is projected to grow from $11.2 billion in 2024 to $20.7 billion in 2034. This represents a CAGR of 6.3%, reflecting rising demand across Automotive Industry, Aerospace and Defense and Fabrication and Welding.

The Grinding Machines market is set to add $9.5 billion between 2024 and 2034, with manufacturer targeting Electrical & Electronics & Industrial Manufacturing End-User projected to gain a larger market share.

With Growth in automotive industry, and Innovation in grinding technologies, Grinding Machines market to expand 84% between 2024 and 2034.

Opportunities in the Grinding Machines Market

Boost from Aerospace Industry

The aerospace sector always needs precise parts and intricate material processing techniques to meet its evolving needs as the industry expands; thereby revealing significant market opportunities for grinding machines that can meet their strict requirements, for accuracy and excellence.

Advent of Smart Grinding Machines and Expansion in Automotive Sector

The market, for grinding machines is poised to gain a lot from the emergence of manufacturing and Industry 4.0. This shift has led to the development of grinding machines equipped with automated systems and advanced software that enable accurate and efficient grinding processes. Companies that embrace grinding technology can gain a competitive edge by delivering higher quality products decreasing mistakes and enhancing productivity across the board.

The automotive industry is experiencing a resurgence in growth and development currently. This comeback leads to the need, for grinding solutions to manufacture top notch precision parts. Grinding machines that offer accuracy and speed while requiring setup time could attract more customers in the ever evolving automotive sector.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe's Grinding Machines industry is supported by automotive and manufacturing sectors in nations such as Germany and Italy. The market is fiercely competitive with the presence of known international manufacturers. Yet the potential for expansion exists in their focus, on research and development pushing the limits of creativity and advancement.

North America Outlook

North America continues to hold a position in the Grinding Machines market thanks to its thriving industrial sector and increasing interest in automation technologies. Leading companies in the region drive competition within the market while the rising use of technologies, in manufacturing presents significant growth prospects.

North America Outlook

North America continues to hold a position in the Grinding Machines market thanks to its thriving industrial sector and increasing interest in automation technologies. Leading companies in the region drive competition within the market while the rising use of technologies, in manufacturing presents significant growth prospects.

Europe Outlook

In Europe's Grinding Machines industry is supported by automotive and manufacturing sectors in nations such as Germany and Italy. The market is fiercely competitive with the presence of known international manufacturers. Yet the potential for expansion exists in their focus, on research and development pushing the limits of creativity and advancement.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, Germany, China, Japan, India are expected to grow at 4.1% to 6.0% CAGR

2

Emerging Markets : Vietnam, Indonesia, Nigeria are expected to grow at 7.2% to 8.7% CAGR

Market Analysis Chart

The rising need from industries like automotive and aerospace is a factor fueli‌ng the expansion of the grinding machine market as they frequently need finely crafted parts and components for production processes where grinding machines are indispensable tools indeed‌. Moreover‌ ongoing innovations and progress, in grinding technology are also contributing to the markets momentum as it moves forward‌.

Recent Developments and Technological Advancement

December 2024

Hi Tech Grinding Co., a company in the industry introduced cutting edge precision grinding machines powered by artificial intelligence. This groundbreaking release has raised the bar in terms of performance and effectiveness, in the market.

October 2024

SwiftGrind Inc., a standing company in the manufacturing sector unveiled eco friendly grinding machines powered by renewable energy sources. This move showcases a transition towards sustainable manufacturing practices, within the industry.

August 2024

The recent merger of PreciseGrind Corp and MasterCut Ltd has formed one of the suppliers of grinding machines, in the industry landscape thereby influencing competition and market structure significantly.

There have been advancements in the Grinding Machines market lately due to the increasing demands from sectors such, as electronics, automotives and manufacturers. One prominent trend is the rising popularity of CNC based grinding machines because of their accuracy and adaptability These Computer Numerical Control machines offer efficient material removal rates precise grinding and are user friendly which helps cut down labor costs.

Impact of Industry Transitions on the Grinding Machines Market

As a core segment of the Industrial Tools & Machinery industry, the Grinding Machines market develops in line with broader industry shifts. Over recent years, transitions such as Automation Revolution and Surge in Demand for CNC Grinding Machines have redefined priorities across the Industrial Tools & Machinery sector, influencing how the Grinding Machines market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Automation Revolution:

In todays sector where quality control and efficiency are paramount requirements, automation in grinding machines is becoming standard practice. By utilizing arms and machine learning technology the grinding process has become more accurate reducing the need for manual labor and minimizing the chances of errors resulti in improved efficiency. This shift towards automation has profoundly. Will continue to have a major influence on the market, for Grinding Machines.

2

Surge in Demand for CNC Grinding Machines:

The increasing preference for computer numerical control grinding machines in the manufacturing sector has expanded the possibilities in the realm of grinding processes significantly These machines provide precision and adaptability along, with increased production speeds.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Industrial Tools & Machinery industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Industrial Tools & Machinery industry cascade into the Grinding Machines market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growth in Automotive Industry, and Increasing Demand from Manufacturing Sector

The automotive industry plays a role in boosting the grinding machines market growth as it relies on these machines for tasks like refining vehicle components and ensuring precise surface finishes, with optimal smoothness levels to meet market demands effectively and keep up with the expanding global automotive sectors needs.
The grinding machines market also experiences growth thanks to the manufacturing sectors contribution to various industries like aerospace and healthcare expanding their production capacities and demanding accurate and effective machines, for quality product output.
Advancements in technology have also brought about advanced and precise machinery that has also contributed to the expansion of the market for grinding machines. For example developments in CNC grinding machines have also led to increased precision and effectiveness making them attractive, for a range of industrial uses.

Restraint: High Capital Investment Requirements

One of the challenges in the market for producing grinding machines is the significant upfront cost involved in setting up manufacturing operations for these machines. These machines demand technologies and various components for their production process which increases the overall expenses of equipment and poses a significant hurdle, for small businesses and new players entering this industry. The substantial capital investment needed ultimately hinders the growth of the grinding machine market.

Challenge: Technological Complexities

Todays grinding machines are very advanced and complex in terms of technology used in them. To operate these machines efficiently requires expertise and know how. The shortage of workers and the added expenses for training current employees present major obstacles, to market expansion. The complexity of these machines also raises the risk of breakdowns and maintenance requirements hindering their operation and performance.

Supply Chain Landscape

Raw Materials Procurement

Rio Tinto Group

BHP

Component Manufacturing

JTEKT Corporation

Schleifring Group

Grinding Machine Assembly
ANCA / Krber AG
End Users/Industries
Automotive / Aerospace / Shipbuilding / Heavy Machinery
Raw Materials Procurement

Rio Tinto Group

BHP

Component Manufacturing

JTEKT Corporation

Schleifring Group

Grinding Machine Assembly

ANCA

Krber AG

End Users/Industries

Automotive

Aerospace

Shipbuilding

Heavy Machinery

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Automotive
Automobile Manufacturing
Toyota, Ford, General Motors
Streamlining manufacturing process, investing in advanced grinding machinery, focusing on precision grinding services, and sustainability through energy-efficient machines
Aerospace
Aerospace Manufacturing
Boeing, Airbus, Lockheed Martin
Adopting unique and advanced grinding solutions to craft high precision components with tighter tolerances, focusing on niche market needs, developing industry-specific products, incorporating innovative technology and automation in their machines
Medical
Medical Device Manufacturing
Johnson & Johnson, Medtronic, Boston Scientific
Incorporating high-precision and quality grinding machines for producing high-standard medical tools and devices, employing new technologies to cater to specific industry needs, ensuring equipment compliance with healthcare industry standards
Heavy Machinery
Construction and Mining Equipment Manufacturing
Caterpillar, Komatsu, Hitachi
Leveraging advanced grinding technology for robust and durable machinery production, improving operational efficiency by integrating automated systems, focusing on product innovation and development, often through partnerships with technology companies

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Grinding Machines market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Grinding Machines in Aerospace and Defense, Fabrication and Welding and Automotive Industry

Aerospace and Defense

Grinding machines play a role in the aerospace and defense sectors as they are used to produce turbine parts and jet engines with high precision and quality standards in mind. Companies such, as United Grinding Group and Kellenberger are recognized for their grinding technology solutions tailored for these specific industries.

Fabrication and Welding

Grinding machines play a role in fabrication and welding processes by removing excess material from metal components to improve the welding surface or refine the final products quality. These machines offer value to the production process due to their capability to handle large material volumes and versatile functions. Key players, in this industry include DANOBAT and Ecotech Machinery.

Automotive Industry

In the sector grinding machines play a vital role in producing precise parts and components. These machines are essential for grinding and molding materials needed for making automotive parts such as engine components, bearings, gears and more. The primary benefit of employing grinding machines in this field lies in the accuracy and top notch finish they provide ensuring the seamless functioning of vehicles. Prominent companies, in this market segment comprise Bosch and ABB.

Grinding Machines vs. Substitutes:
Performance and Positioning Analysis

Grinders provide results in metal production compared to hand grinding or filing processes and guarantee a uniform final touch up on the metal surface. Manufacturers prefer this technology for its reliability and efficiency in response to the rising need within the manufacturing sectors suggestive of possible expansion opportunities, in the market ahead.

Grinding Machines
  • Milling Machines /
  • Lathes /
  • Laser Cutting Machines
    High precision and accuracy, versatility in operations
    High operational noise, regular maintenance required
    milling machines provide high versatility, precise cutting
    require a significant initial investment, necessitate skilled operators

Grinding Machines vs. Substitutes:
Performance and Positioning Analysis

Grinding Machines

  • High precision and accuracy, versatility in operations
  • High operational noise, regular maintenance required

Milling Machines / Lathes / Laser Cutting Machines

  • milling machines provide high versatility, precise cutting
  • require a significant initial investment, necessitate skilled operators

Grinders provide results in metal production compared to hand grinding or filing processes and guarantee a uniform final touch up on the metal surface. Manufacturers prefer this technology for its reliability and efficiency in response to the rising need within the manufacturing sectors suggestive of possible expansion opportunities, in the market ahead.

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Research Methodology

This market research methodology defines the Grinding Machines market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Industrial Tools & Machinery ecosystem, we analyze Grinding Machines across Automotive, Electrical & Electronics, and Industrial Manufacturing Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Prodcom / Census US / Statcan / e-stat Japan / ABS Australia / KOSIS Korea

Annual Reports / Industry Magazines / Country Level Ministerial Sources / World Mining Data

• Trade Sources (USA Trade Census, EU Comext, China Customs)

Interviews of Industry Stake Holders

Industry Views of Consultants

merics.org

• NAICS - Economic Statistics (US, Canada)

DataString Database

We benchmark competitors such as ANCA Pty Ltd, DANOBAT Group, and WMW Machinery Company by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Materials Procurement, Component Manufacturing, and Grinding Machine Assembly. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Industrial Tools & Machinery revenues to estimate the Grinding Machines segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Materials Procurement (Rio Tinto Group, BHP), Component Manufacturing (JTEKT Corporation, Schleifring Group), and Grinding Machine Assembly. Our parallel substitute analysis examines Milling Machines, Lathes, and Laser Cutting Machines, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as ANCA Pty Ltd, DANOBAT Group, and WMW Machinery Company, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Grinding Machines market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Grinding Machines Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 11.9 billion
Revenue Forecast in 2034USD 20.7 billion
Growth RateCAGR of 6.3% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202411.2 billion
Growth OpportunityUSD 9.5 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202411.2 billion USD
Market Size 202713.5 billion USD
Market Size 202915.3 billion USD
Market Size 203016.2 billion USD
Market Size 203420.7 billion USD
Market Size 203522.0 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, End-User, Technology
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledANCA Pty Ltd, DANOBAT Group, WMW Machinery Company, Fives Group, Studer (Fritz Studer AG), Amada Machine Tools Co. Ltd, Okuma Corporation, Kellenberger & Co. AG, Jones & Shipman Hardinge Limited, United Grinding Group AG, Korber AG and 12
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Grinding Machines Market Size, Opportunities & Strategic Insights, by Product Type

4.1Surface Grinding
4.2Cylindrical Grinding
Chapter 5

Grinding Machines Market Size, Opportunities & Strategic Insights, by End-User

5.1Automotive
5.2Electrical & Electronics
5.3Industrial Manufacturing
5.4Others
Chapter 6

Grinding Machines Market Size, Opportunities & Strategic Insights, by Technology

6.1Manual
6.2CNC
Chapter 7

Grinding Machines Market, by Region

7.1North America Grinding Machines Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe Grinding Machines Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific Grinding Machines Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa Grinding Machines Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America Grinding Machines Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS Grinding Machines Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1ANCA Pty Ltd
8.2.2DANOBAT Group
8.2.3WMW Machinery Company
8.2.4Fives Group
8.2.5Studer (Fritz Studer AG)
8.2.6Amada Machine Tools Co. Ltd
8.2.7Okuma Corporation
8.2.8Kellenberger & Co. AG
8.2.9Jones & Shipman Hardinge Limited
8.2.10United Grinding Group AG
8.2.11Korber AG
8.2.1212