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.
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
Please note The report will be delivered in 4-8 business days upon order notification.