Dublin, May 31, 2023 (GLOBE NEWSWIRE) -- The "Grinding Machines Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global grinding machines market is expected to grow from $5.14 billion in 2022 to $5.47 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The grinding machines market is expected to grow to $6.6 billion in 2027 at a CAGR of 5.0%.
Growing industrial manufacturing sector is expected to propel the growth of the grinding machines market going forward. Industrial manufacturing is responsible for the fabrication of products intended for industrial use from raw materials. Grinding machines have various applications in industrial manufacturing and it's used extensively for dimensional accuracy and surface finishing of the mechanical parts that are used in the manufacturing industry.
For instance, in March 2022, according to United Nations Industrial Development Organization, an Austria-based specialized agency of the United Nations, Global manufacturing production increased by 9.4 percent in 2021, after a drop of 4.2 percent in 2020. Therefore, the continually growing industrial manufacturing sector is driving the growth of the grinding machines market.
Technological advancement is a key trend gaining popularity in the grinding machines market. Major companies operating in the grinding machines market are focused on developing new technological solutions to strengthen their position in the market.
In October 2021, Hardinge Inc., a US-based manufacturer of machine tools acquired J.G WEISSER SOHNE GmbH & Co. KG for an undisclosed. With this acquisition of the location in St. Georgen, an additional building block has been laid in the location strategy of Hardinge Inc to be able to serve customers in Europe even better. J.G WEISSER SOHNE GmbH & Co. KG is a Germany-based company operating in grinding machines.
Asia-Pacific was the largest region in the grinding machine market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grinding machines report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the grinding machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Executive Summary:
Grinding Machines Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on grinding machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Scope
Markets Covered:
1) By Type: Conventional; CNC; Cylindrical; Surface; Gear; Other Types
2) By Sales Channel: Franchised Outlets; Specialty Stores; Modern Trade; Online Channels
3) By End-User Industry: Automotive; Maritime Industry; Aerospace and Defense; Construction; Industrial Manufacturing; Electrical and Electronics; Other End-User Industries
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $5.47 billion |
| Forecasted Market Value (USD) by 2027 | $6.6 billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Grinding Machines Market Characteristics
3. Grinding Machines Market Trends And Strategies
4. Grinding Machines Market - Macro Economic Scenario
5. Grinding Machines Market Size And Growth
6. Grinding Machines Market Segmentation
7. Grinding Machines Market Regional And Country Analysis
A selection of companies mentioned in this report includes
- Amada Holdings Co Ltd.
- 3M Company
- JTEKT Toyoda Americas Corporation
- Junker Group
- L. Kellenberger & Co. AG
- ANCA Pty Ltd.
- DANOBAT Group
- Koyo Machinery Industry Co Ltd
- Okuma Corporation
- Korber AG
- Falcon Machine Tools Co Ltd
- United Grinding North America
- Makino
- Chevalier Machinery Inc.
- ELB-SCHLIFF Werkzeugmaschinen GmbH
- Glebar
- Heinz Berger Maschinenfabrik GmbH & Co. KG
- Komatsu Ltd
For more information about this report visit https://www.researchandmarkets.com/r/kmota0
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