Grinding Machinery Market Size, Share & Trends Analysis Report By Type (Non-precision Grinder, Precision Grinder), By Application (Aerospace, Medical, Construction, Industrial Manufacturing, Marine Industry), By Region, And Segment Forecasts, 2024 - 2030

Grinding Machinery Market Size & Trends

The global grinding machinery market size was estimated at USD 5.63 billion in 2023 and is anticipated to grow at a CAGR of 4.3% from 2024 to 2030. The growing construction and automotive industry is expected to drive the market demand. The automotive industry demands high-precision components with tight tolerances and fine surface finishes for engine parts, transmission components, and chassis elements, driving the demand for precision grinding machines. Moreover, the aerospace industry requires components with the highest levels of quality, reliability, and safety, leading to a growing demand for grinding machines to machine complex aerospace components such as turbine blades, engine casings, and structural components.

The demand for grinding machinery is rising across various industries, driven by the need for precision components and the growth of sectors like automotive, aerospace, and construction. Grinding machines are highly valued for their precision, efficiency, and ability to automate industrial processes. They are widely used in aerospace, machinery manufacturing, and automotive industries, where tight tolerances and high-quality finishes are critical.

For instance, the automotive industry uses grinding machines extensively to manufacture components like brake cylinders, gear shafts, and brake pistons, ensuring the precise fitting required for these parts. Grinding machines are also essential for processing construction materials like concrete, stone, ceramics, and asphalt, as they enable the precise shaping and finishing of these materials.

Drivers, Opportunities & Restraints

The demand for grinding machinery is driven by several key factors, including increasing industrialization, technological advancements, and the growing need for precision components across various industries. One major driver is the expansion of the construction sector, particularly in regions like East Asia, where infrastructure development is a priority. Grinding machines are essential for processing construction materials like concrete, stone, ceramics, and asphalt, enabling the precise shaping and finishing of these materials. As the construction industry continues to grow, so will the demand for grinding machinery.

Another significant driver is the increasing need for precision components in industries such as automotive and aerospace. The automotive industry, for example, requires high-precision components with tight tolerances and fine surface finishes for engine parts, transmission components, and chassis elements. Similarly, the aerospace industry demands components with the highest levels of quality, reliability, and safety, driving the demand for precision grinding machines to machine complex aerospace components like turbine blades, engine casings, and structural components. However, the market also faces some restraints, such as the high cost of advanced grinding machines and the limited availability of skilled operators. In addition, the COVID-19 pandemic had a negative impact on the market, with supply chain disruptions and reduced demand from end-use industries. 

Type Insights

“The demand for non-precision grinder type segment is expected to grow at a significant CAGR of 4.6% from 2024 to 2030 in terms of revenue.”

The precision grinders type segment led the market and accounted for a revenue share of 65.46% in 2023. The demand for precision grinder machines is on the rise, driven by the growing need for precision components across various industries such as aerospace, automotive, electronics, machinery, and construction, which rely on precision grinding for manufacturing critical components with tight tolerances, fine surface finishes, and exceptional dimensional accuracy. For instance, the automotive industry extensively uses precision grinder machines to manufacture components like brake cylinders, gear shafts, and brake pistons, ensuring the precise fitting required for these parts.

Non-precision grinding machinery is expected to grow at the fastest CAGR during the forecast period. These machines are primarily used for removing stock from heavy workpieces without concerning the precision or accuracy of the job. They are typically used in industries where rough shaping and material removal are the primary goals, such as the construction sector, where they process materials like concrete, stone, ceramics, and asphalt.

Application Insights

“The demand for electrical and electronics application segment is expected to grow at a significant CAGR of 6.3% from 2024 to 2030 in terms of revenue.”

The automotive application segment accounted for 22.6% of the global market revenue share in 2023. The automotive industry is a significant market driver, relying on precision grinding machines to manufacture critical components such as engine parts, transmission components, and chassis elements. These components require tight tolerances and fine surface finishes, which can only be achieved through precision grinding. Similarly, the aerospace industry demands high-quality, reliable components with exceptional dimensional accuracy and surface finish. Grinding machines are essential for producing components like turbine blades, engine casings, and structural components, which must meet stringent quality standards and regulatory requirements.

The construction industry is another major application of grinding machinery, accounting for a significant market share. Grinding machines are used to process construction materials such as concrete, stone, ceramics, and asphalt, enabling the precise shaping and finishing of these materials. This demand is driven by the growing construction sector, particularly in regions like East Asia, where infrastructure development is a priority. In addition, the general machinery sector, including industries like machinery manufacturing and electronics, also relies on grinding machines to produce precision components and parts with tight tolerances and fine surface finishes.

Regional Insights

“China to witness fastest market growth at 5.0% CAGR”

The Asia Pacific region is experiencing rapid growth in the grinding machinery market, fueled by the expansion of the construction and automotive sectors. In China, the construction industry is a major consumer of grinding machines, relying on them for processing materials such as stone, concrete, ceramics, and asphalt. Moreover, with high material removal rates and robust construction, these machines enable construction contractors to achieve efficient surface preparation, material processing, and finishing operations, enhancing productivity & quality in construction projects.

The grinding machinery market in China dominated the Asia Pacific market in 2023. The Chinese automotive industry is a major consumer of grinding machines, relying on them to produce high-precision components such as engine parts, transmission components, and chassis elements. These components require tight tolerances and fine surface finishes, which can only be achieved using precision grinding machines.

North America Grinding Machinery Market Trends

The grinding machinery market in North America is driven primarily by the automotive and aerospace industries. In the U.S., the automotive sector is a consumer of grinding machines, demanding precision equipment for manufacturing critical components such as transmission components, engine parts, and chassis elements.

Europe Grinding Machinery Market Trends

The grinding machinery market in Europe is expected to grow significantly over the forecast period, with a focus on advanced technologies and precision manufacturing. The region's machinery and equipment sector is a major consumer of grinding machines, utilizing them for various applications such as metalworking, fabrication, and tool and die manufacturing. European manufacturers are at the forefront of integrating Industry 4.0 principles and digital technologies into grinding machines, enhancing efficiency, accuracy, and productivity. For example, Chevalier Machinery Inc. offers grinding machines with two spindle sensors, one dedicated to automatic balancing and the other for spindle loading, enabling predictive maintenance and improved process control.

Key Grinding Machinery Company Insights

Some of the key players operating in the market include Amada Machine Tools Co., Ltd., Junker Group, and Haas Automation, Inc.

• Amada Machine Tools Co., Ltd. offers diversified products specializing in automation machines, combination machines, high precision CNC lathe machines, bending, joining, and cutting such as laser combination machines, punch machines, and shearing machines. The company also offers AMADA Industry 4.0 solutions, V-factory, AMADA Order Manager, and IoT Remote Support to meet challenging production deadlines, complex production processes, and limited access to real-time data innovations. Incorporating advanced IoT-based support helps the company penetrate the CNC machining and turning centers market. The company has a presence in over 100 countries and a total of 35 manufacturing facilities worldwide. It generated 38.8% of revenue from Japan, 26.3% from North America, 19.6% from Europe, and over 15% from Asia Pacific in the fiscal year 2022.

• Haas Automation, Inc. manufactures vertical mills, multi-axis lathe & mill machines, horizontal mills, automation systems, and rotaries & indexers. The products are manufactured at the company’s expansive facility in Oxnard, California. To maintain accuracy and product quality, the company produces all essential parts required for machine manufacturing internally. Its 1.1 billion-square-foot premises leverage lean manufacturing techniques and just-in-time production strategies to enhance the efficiency of its production by reducing the cost. This approach allows the company to offer machines at lower prices with superior quality by transferring the benefits of cost savings to the customers.

Doimak and Gleason Corporation are some of the emerging market participants.

• Doimak is a leading grinding machinery manufacturer specializing in producing high-precision cylindrical and surface grinding machines. The company is headquartered in Spain and has a global presence, serving customers in various industries, including automotive, aerospace, and general manufacturing. Doimak is known for its innovative technology, which includes features like advanced CNC controls, automated loading/unloading systems, and in-process measurement capabilities, enabling manufacturers to achieve exceptional levels of accuracy and productivity. The company's grinding machines are widely used for processing a range of materials, from hardened steels to ceramics and composites, making them a versatile solution for diverse industrial applications.

• Gleason Corporation is a prominent machine tool builder based in New York, U.S. The company has a rich history dating back to 1865, when Irish immigrant William Gleason founded it. Gleason is a leader in developing and manufacturing production systems for all types of gears, including gear and transmission design software, machines, tools, and automation. The company has a global presence, with manufacturing plants and sales offices in the U.S., Europe, Asia, and India. Gleason's importance lies in its expertise in gear manufacturing, particularly in building the machine tools that cut the gear teeth. The company's products are used by a wide range of industries, such as automotive, aerospace, and power transmission, where high-precision gears are critical components.

Recent Developments

• In May 2024, UNITED GRINDING, a leading manufacturer of grinding machinery, launched two innovative products to enhance automation and productivity in the tool-grinding industry. The first is the HELITRONIC VISION 400 L, a high-end tool-grinding machine that offers advanced capabilities. The second is the fully automatic HELICHECK PLUS measuring machine, which is part of the "Automated Tool Production" (ATP) system. The launch of these new products by UNITED GRINDING demonstrates the company's commitment to providing advanced grinding machinery that improves efficiency, productivity, and automation in tool manufacturing applications. These innovations cater to the growing demand for precision tools across various industries, including aerospace, automotive, and general engineering.

• In February 2024, Nidec Machine Tool Corporation, a subsidiary of Nidec Corporation, announced the development of the world's first high-accuracy polishing (grinding) method for mass-producing internal gears used in automotive drive units, transmissions, and robotic joints. While advanced polish-machining techniques for external gears in mass production have been available, Nidec's breakthrough addresses the challenge of achieving the required accuracy and productivity for internal gears, which traditional grinding, honing, or skiving methods have been unable to match. This innovative solution from Nidec is poised to revolutionize the manufacturing of critical internal gear components, catering to the growing demand in the automotive and robotics industries, where precision and efficiency are paramount.

Grinding Machinery Market Report Scope

Global Grinding Machinery Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global grinding machinery market based on type, application, and region:

• Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Non-precision Grinder

    • Bench Grinder

    • Portable Grinder

    • Pedestal Grinder

    • Flexible Grinder

  • Precision Grinder

    • Cylindrical Grinding Machines

    • Surface Grinding Machines

    • Centre-less Grinding Machines

    • Tool and Cutter Grinding Machines

• Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Automotive

  • Aerospace

  • Medical

  • Construction

  • Industrial Manufacturing

  • Electrical and Electronics

  • Marine Industry

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE