Surface Grinding Machine Market Size & Growth Analysis to 2030

The global surface grinding machine market size is anticipated to grow at a significant CAGR of over 5% during the forecast period and expected to reach over USD 2 billion by 2028. The increasing use of the product to grind various types of materials such as steel metallic, and non-metallic materials is a major factor driving the market growth. Furthermore, the growing demand for the product in the aerospace and defense industry is further anticipated to boost the market growth over the forecast period. Moreover, the increasing investment in the aerospace industry especially in North America and Asia Pacific is expected to provide significant opportunities in the global market.

Market Drivers:

Growing Manufacturing Sector: The manufacturing sector plays a significant role in driving the demand for surface grinding machines. As manufacturing industries expand and evolve, the need for precision machining and finishing of surfaces increases. Surface grinding machines are essential tools for achieving tight tolerances, high surface quality, and precise dimensional control in various industries, including automotive, aerospace, electronics, and machinery.

Increasing Demand for Precision Components: Many industries require precision components with fine surface finishes and accurate dimensions. Surface grinding machines are capable of producing flat, smooth surfaces with tight tolerances, making them essential for manufacturing precision components such as molds, dies, gears, shafts, and tools. The demand for such components drives the adoption of surface grinding machines.

Emphasis on Quality and Efficiency: In today’s competitive market, manufacturers strive to deliver high-quality products efficiently. Surface grinding machines enable manufacturers to achieve precise and consistent surface finishes, enhancing product quality. By removing material uniformly and efficiently, surface grinding machines contribute to improved production efficiency and reduced rework.

Advancements in Machine Tools: Technological advancements in machine tools have improved the capabilities and performance of surface grinding machines. These advancements include the integration of computer numerical control (CNC), automation, advanced software, and sensor technologies. CNC-controlled surface grinding machines offer enhanced precision, automation, and productivity, driving their adoption.

Expansion of Automotive and Aerospace Industries: The automotive and aerospace industries are major consumers of surface grinding machines. With the growth of these industries, driven by factors such as increasing vehicle production, demand for lightweight materials, and the need for precision components, the market for surface grinding machines is positively impacted.

Increasing Focus on Surface Finishing: Surface finishing plays a crucial role in enhancing the aesthetics, functionality, and durability of products. Surface grinding machines provide precise and uniform surface finishes, such as smooth, matte, or mirror-like surfaces, depending on the application requirements. The demand for high-quality surface finishes in various industries, including consumer goods and medical devices, contributes to the growth of the surface grinding machine market.

Growing Demand for Customization: Customization is a growing trend across various industries. Surface grinding machines allow manufacturers to meet specific customer requirements by achieving precise surface profiles, textures, and geometries. The ability to customize surface finishes and contours drives the adoption of surface grinding machines in industries where product differentiation is crucial.

Increasing Adoption of CNC Machining: The adoption of computer numerical control (CNC) machining is rising due to its benefits in terms of accuracy, repeatability, and efficiency. Surface grinding machines equipped with CNC technology offer precise control over grinding processes, enabling manufacturers to achieve complex surface profiles and geometric features. The demand for CNC-based surface grinding machines is driven by the advantages they offer in terms of flexibility and automation.

Expansion of Industrial Machinery and Equipment Manufacturing: The manufacturing of industrial machinery and equipment requires precise machining and finishing operations. Surface grinding machines are commonly used in this sector to achieve accurate and smooth surfaces on machine components. The growth of the industrial machinery and equipment manufacturing industry contributes to the demand for surface grinding machines.

Technological Integration and Industry 4.0: Surface grinding machines are increasingly being integrated with digital technologies and connected to the Internet of Things (IoT) networks. This integration enables real-time monitoring, predictive maintenance, and data-driven optimization of grinding processes. The implementation of Industry 4.0 concepts in manufacturing, such as smart factories and digitalization, drives the adoption of technologically advanced surface grinding machines.

Market Snapshot:

Market Insights:

By application, the aerospace & defense segment is expected to grow at a significant CAGR by 2028

The global surface grinding machine market is bifurcated into product type, machine type, application, and geography. On the basis of application, the market is further segmented into aerospace & defense, automotive, electrical & electronics, shipbuilding, and others. The aerospace and defense segment is expected to grow at the fastest growth rate over the forecast period. The increasing investment in the defense industry by developed and developing economies is a major factor to fuel the segment growth over the forecast period. Furthermore, North America and the Asia Pacific region have significant opportunities for the development of the aerospace industry; this is further anticipated to fuel the segment growth.

By product type, the CNC surface grinding machine segment is anticipated to dominate the market over the forecast year

On the basis of product type, the market is segmented into Conventional and CNC grinding machines. The CNC machine segment dominated the global surface grinding machine market in 2021 and is anticipated to maintain its dominance over the forecast period. The increasing adoption of CNC surface grinding machines in various end-use industries is one of the key factor to drive the segment growth. Furthermore, the properties associated with the product such as time efficiency, enhanced productivity, high precision, and reduced operational cost is further expected to fuel the segment growth over the forecast period.

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The surface grinding machine comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The surface grinding machine market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Product Type:

• Conventional
• CNC

By Machine Type:

• Automatic
• Manual

By Application:

• Aerospace & Defense
• Automotive
• Electrical & Electronics
• Shipbuilding
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, the surface grinding machine market report comprises dedicated sections centering on the regional market revenue and trends. The surface grinding machine market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The surface grinding machine market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Surface grinding machine market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the major market players operating in the global surface grinding machine market are Amada Machine Tools Co. Ltd., DANOBAT, ANCA Pty Ltd., Junker Group, and Körber AG. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Amada Machine Tools Co. Ltd.
• DANOBAT
• ANCA Pty Ltd.
• Junker Group
• Körber AG
• Fives Group
• Gleason Corporation
• Hybrid Manufacturing Technologies
• Makino Milling Machine Co. Ltd.
• JTEKT Corporation
• Hardinge, INC.

Key Questions Answered by Surface Grinding Machine Market Report

• Global surface grinding machine market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Surface grinding machine submarket forecasts from 2022-2028 covering the market by product type, by machine type, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level surface grinding machine markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market