DUBLIN--(BUSINESS WIRE)--Oct 17, 2022--
The "Grinding Machinery Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global grinding machinery market is expected to grow from $6.05 billion in 2021 to $6.47 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The grinding machinery market is expected to grow to $8.57 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%.
The grinding machinery market consists of the sales of grinding machinery products by entities (organizations, sole traders, and partnerships) that are used for grinding work pieces and delivering highly accurate products. It refers to a type of tool that removes the rough surface of a workpiece by using a rotating abrasive wheel. Wheel, wheel head, base, saddle, table, headstock, tail stock, and cross feed are some of the parts present in a grinding machine.
The main types of products in grinding machinery include angle grinders, bench grinders, belt grinders, wet grinders, die grinders, floor grinders, surface grinders, and CNC. Angle grinders are also known as disc or side grinders. These devices are applied mainly for grinding and polishing. These products are used by industries involved in automotive, transport machinery, general machinery, precision engineering, and other applications and they are distributed online and offline.
Asia Pacific was the largest region in the grinding machinery market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the grinding machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in industrial automation is expected to propel the growth of the grinding machinery market going forward. Industrial automation refers to the control of machinery and the industrial process by autonomous systems such as robotics, computer software, and others. The increasing adoption of industrial automation is expected to boost the demand for grinding machinery, as they would acquiring new machinery that is compatible with automation software and systems.
According to the study published by Association for Advancing Automation in 2021, robot orders across the globe increased by 67% in the second quarter of 2021 over the same period in 2020. Therefore, the increase in industrial automation is expected to boost demand for grinding machinery during the forecast period.
Technological advancements are a key trend gaining popularity in the grinding machinery market. Many companies operating in the grinding machinery market are using new technologies such as Computer Numerical Control (CNC), laser-based sharpening and, universal grinding machines to sustain their position in the market.
For instance, in August 2019, United Grinding Group, a Swiss precision machines manufacturer unveiled their new range of cylindrical grinders, the STUDER S121, S131, S141, and S151. This range of products delivers the highest precision and efficiency, especially for flange parts, spindle shafts, and spindle housings. This line of products includes several kinds of universal-type models designed for high production.
Reasons to Purchase
Scope
Markets Covered:
1) By Product: Angle Grinders; Bench Grinders; Belt Grinders; Wet Grinders; Die Grinders; Floor Grinders; Surface Grinders; CNC
2) By Application: Automotive; Transport Machinery; General Machinery; Precision Engineering; Others
3) By Distribution: Online; Offline
Key Topics Covered:
1. Executive Summary
2. Grinding Machinery Market Characteristics
3. Grinding Machinery Market Trends And Strategies
4. Impact Of COVID-19 On Grinding Machinery
5. Grinding Machinery Market Size And Growth
6. Grinding Machinery Market Segmentation
7. Grinding Machinery Market Regional And Country Analysis
8. Asia-Pacific Grinding Machinery Market
9. China Grinding Machinery Market
10. India Grinding Machinery Market
11. Japan Grinding Machinery Market
12. Australia Grinding Machinery Market
13. Indonesia Grinding Machinery Market
14. South Korea Grinding Machinery Market
15. Western Europe Grinding Machinery Market
16. UK Grinding Machinery Market
17. Germany Grinding Machinery Market
18. France Grinding Machinery Market
19. Eastern Europe Grinding Machinery Market
20. Russia Grinding Machinery Market
21. North America Grinding Machinery Market
22. USA Grinding Machinery Market
23. South America Grinding Machinery Market
24. Brazil Grinding Machinery Market
25. Middle East Grinding Machinery Market
26. Africa Grinding Machinery Market
27. Grinding Machinery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Grinding Machinery Market
29. Grinding Machinery Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/q8bkaq
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KEYWORD:
INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/17/2022 06:32 AM/DISC: 10/17/2022 06:32 AM
http://www.businesswire.com/news/home/20221017005503/en