The global cylindrical grinders market value is projected to reach USD 3.0 billion in 2023. From 2023 to 2033, global cylindrical grinder sales are likely to surge at 4.8% CAGR. Total market valuation at the end of 2033 is anticipated to reach USD 4.8 billion.
Grinding machines used to shape the outside of objects are known as cylindrical grinders. These machines can work on a wide variety of shapes, provided that the objects have a central axis of rotation.
From automotive and aerospace to military applications, the benefits of cylindrical grinders are numerous. These machines have given rise to a plethora of inventions and innovations across industries.
Cylindrical grinders are ideal for applications in which there is requirement of extremely precise metalworking. This is due to their ability to provide a high level of precision. They are being used for shaping and finishing metals, granite, wood, glass, etc.
One of the key factors driving the growth in the cylindrical grinders industry is the increasing demand for precision machinery in various industries. This includes automotive, aerospace, and electronics.
Cylindrical grinders are used to produce high-quality and precise parts, which are essential for these industries. Hence, expansion of these industries will elevate cylindrical grinder demand.
The adoption of CNC (Computer Numerical Control) technology in cylindrical grinders is another factor fueling market expansion.
CNC technology allows for greater precision and automation in the grinding process. This is becoming increasingly important in industries that require high-quality and precise parts. CNC grinders offer various advantages. For instance,
Thanks to these advantages, grinding machines such as CNC cylindrical grinders are gaining wider popularity across diverse industries. These machines with computerized numerical control enable autonomous machining. This in turn is playing a key role in expanding the global cylindrical grinders market size.
Several industries are adopting CNC cylindrical grinders for automating grinding processes. This provides them the advantage of achieving faster, more accurate, and cost-efficient machining. Growing adoption of automation by both small and large companies can be a game changer for grinding companies.
Leading cylindrical grinder manufacturers are continuously launching new products with enhanced functionalities. They are also concentrating on developing cutting-edge software to simplify the setting of grinding process.
Other Drivers Propelling the Demand for Cylindrical Grinders include:
Challenges for Cylindrical Grinder Companies/Manufacturers:
Opportunities in the Cylindrical Grinders Industry:
Latest Trends in the Cylindrical Grinders Industry:
Automation is becoming more prevalent in the manufacturing industry, and cylindrical grinders are no exception.
Companies are integrating robotic automation and other advanced technologies into their cylindrical grinders to increase efficiency and reduce labor costs. This will significantly improve cylindrical grinders market share.
The Internet of Things (IoT) and Industry 4.0 are driving the adoption of connected machines and smart factories.
Cylindrical grinders are being equipped with sensors and software that enable real-time monitoring and predictive maintenance, improving efficiency and reducing downtime. This will create new opportunities for manufacturers.
Customers are increasingly looking for customized cylindrical grinders that can meet their specific needs. Companies that can provide flexible and customizable solutions will be able to differentiate themselves and appeal to a broader range of customers.
There is a growing trend towards eco-friendly manufacturing solutions, and cylindrical grinders are no exception. Companies are developing more energy-efficient cylindrical grinders that consume less power and emit fewer pollutants.
| Attribute | Key Insights |
|---|---|
| Estimated Global Cylindrical Grinders Market Size (2023) | USD 3.0 billion |
| Projected Cylindrical Grinders Market Value (2033) | USD 4.8 billion |
| Value-based CAGR (2023 to 2033) | 4.8% |
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Historically, from 2018 to 2022, the global sales of cylindrical grinders increased at a CAGR of 4.6%. This resulted in a market valuation of USD 2.8 billion in 2022. Looking ahead, the global market for cylindrical grinders is expected to rise at a CAGR of 4.8% from 2023 to 2033.
Demand for cylindrical grinders is driven by various factors. This includes the need for precision manufacturing in industries such as automotive, aerospace, and medical devices. Consequently, increasing adoption of computer numerical control (CNC) technology in manufacturing processes will boost the market.
Growing demand for machining components is another factor boosting the global market. The demand for cylindrical grinders is also influenced by macroeconomic factors, such as global economic growth, trade policies, and political stability.
Adoption of advanced technologies and growing need for improving productivity will bolster cylinder grinders sales. Further, rising trend of automation and digitization of manufacturing processes might create demand for cylindrical grinders that can provide high precision and efficiency.
Growing emphasis on eco-friendly manufacturing and the use of sustainable materials may also drive demand for cylindrical grinders that can reduce energy consumption and emissions. However, market conditions are subject to change and are influenced by various economic, political, and social factors, so any forecasts or predictions should be interpreted with caution.
Growing Usage of Cylindrical Grinders in the Aerospace Sector Driving Demand in the United States
| Country | United States |
|---|---|
| Market Size (USD billion) by End of Forecast Period (2033) | USD 1.15 billion |
| CAGR % from 2023 to the End of Forecast (2033) | 4.8% |
As per Future Market Insights (FMI), the United States will remain the most dominant market for cylindrical grinders. The United States cylindrical grinders market size is expected to reach USD 1.15 billion by 2033. From 2023 to 2033, demand for cylindrical grinders in the country is forecast to rise at 4.8% CAGR.
Rapid expansion of aerospace and automotive sectors is a key factor driving cylindrical grinder demand in the United States market.
The aerospace industry is a leading user of cylindrical grinders. These grinders are used to produce high-precision components for aircraft engines, landing gear, and other critical parts. As the aerospace industry in the United States continues to expand, demand for cylindrical grinders will rise eventually.
Similarly, surging demand for cylindrical grinders from the thriving automotive sector will boost the United States market. This is because cylindrical grinders are used to produce engine components, transmission parts, and other precision components.
Demand from Manufacturing Industries to Propel Cylindrical Grinder Sales in the United Kingdom
| Country | The United Kingdom |
|---|---|
| Market Size (USD billion) by End of Forecast Period (2033) | USD 0.24 billion |
| CAGR % from 2023 to the End of Forecast (2033) | 4.2% |
The United Kingdom cylindrical grinders industry is anticipated to progress at 4.2% CAGR during the assessment period. It is likely to attain a valuation of USD 0.52 billion by 2033. Rising adoption of cylindrical grinders in manufacturing sector is driving the United Kingdom market.
The United Kingdom has a strong reputation for precision manufacturing, and cylindrical grinders are an important tool in achieving this level of precision. As the emphasis on precision manufacturing continues to grow in the United Kingdom, demand for cylindrical grinders is expected to rise.
Favorable Government Support Making China a Lucrative Market for Cylindrical Grinders
| Country | China |
|---|---|
| Market Size (USD billion) by End of Forecast Period (2033) | USD 0.33 billion |
| CAGR % from 2023 to the End of Forecast (2033) | 4.6% |
China cylindrical grinders industry is anticipated to reach a market valuation of USD 0.9 billion by 2033. Overall sales of cylindrical grinders in China are projected to soar at 4.8% CAGR during the forecast period.
Introduction of several initiatives by government to promote advanced manufacturing is creating a conducive environment for the development of the cylindrical grinders industry in China.
Chinese manufacturers seek to compete on a global scale. So, there is a growing emphasis on quality and precision in manufacturing processes. Cylindrical grinders are an important tool in achieving this level of precision.
Demand for cylindrical grinding machines is expected to rise steadily as manufacturers seek to improve the quality of their products.
Increasing Adoption of Automation Bolstering Cylindrical Grinder Sales in Japan
| Country | Japan |
|---|---|
| Market Size (USD billion) by End of Forecast Period (2033) | USD 0.45 billion |
| CAGR % from 2023 to the End of Forecast (2033) | 4.4% |
The cylindrical grinders industry in Japan is expected to cross a valuation of USD 1.52 billion by 2033. Overall cylindrical grinder sales in the country are likely to rise at 7.4% CAGR through 2033.
The adoption of automation and smart manufacturing technologies is increasing in Japan, driven by the need to improve efficiency and reduce costs. This in turn is expected to fuel sales of cylindrical grinders.
Cylindrical grinders are an important tool in automated manufacturing processes, and their adoption is expected to increase as manufacturers seek to automate their production lines.
Principal Consultant
Demand to Remain High for CNC Cylindrical Grinders Through 2033
Based on type, demand in the market is expected to remain high for CNC cylindrical grinders. This is due to their cost-effectiveness, high efficiency, and low maintenance requirements.
According to Future Market Insights (FMI), CNC segment is forecast to thrive at 4.6% from 2023 to 2033. It will remain a key revenue-generation segment for cylindrical grinder manufacturers.
Precision grinding is essential in several industries, including automotive, aerospace, and medical device manufacturing. CNC technology allows for more precise and accurate grinding, making it a popular choice for manufacturers.
CNC cylindrical grinders can be easily integrated into automated manufacturing processes, allowing for increased efficiency and cost savings. As more companies adopt automation and smart manufacturing technologies, demand for CNC cylindrical grinders is expected to increase.
Growing usage of CNC cylindrical grinding machines in the tool manufacturing industry for producing high-precision tools with complex geometries will further boost growth of the target segment.
The global cylindrical grinders industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Product Innovation
Cylindrical grinder manufacturers are constantly introducing new features and technologies to improve the performance and efficiency of their products. For example, few manufacturers are incorporating advanced grinding software, such as CAM/CAD systems, into their machines to improve accuracy and reduce cycle times.
Strategic Partnerships and Collaborations
Strategic partnerships and collaborations are key strategies for players in the cylindrical grinders market to expand their product offerings, enter new markets, and improve their operational capabilities. By forming alliances with technology providers, collaborating with customers, entering into distribution partnerships, partnering with suppliers, and collaborating with research institutions, manufacturers can improve their competitive position in the market and deliver greater value to their customers.
Expansion into Emerging Markets
One of the key strategies adopted by players is to establish local sales and service operations in emerging markets. This involves setting up offices, hiring local staff, and building a local distribution network to serve customers in the region.
Mergers and Acquisitions
With the aim to strengthen their presence and reduce competition, companies are adopting mergers and acquisitions. This involves acquiring smaller players or competitors to gain market share and increase pricing power.
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Key Developments in the Cylindrical Grinders Industry:
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 3.0 billion |
| Market Forecast Value in 2033 | USD 4.8 billion |
| Anticipated Growth Rate (2023 to 2033) | 4.8% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD million) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Type, Application, and Region |
| Key Companies Profiled | AZ spa; BEIER Machine Tool WORKS; Doimak; Ecotech Machinery; Ewag AG; Gleason; Gioria s.p.a; KAPP; Knuth Machine Tools |
The global cylindrical grinders market size is expected to reach USD 3.0 billion in 2023.
Global cylindrical grinder demand is forecast to rise at 4.8% CAGR during the assessment period.
The worldwide cylindrical grinders industry is projected to cross a valuation of USD 4.8 billion by 2033.
The United States is expected to remain one of the leading markets for cylindrical grinder manufacturers, expected to reach a valuation of USD 1.15 billion by 2033.
China's cylindrical grinder industry is forecast to exhibit a CAGR of 4.6% from 2023 to 2033.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 9.1. CNC 9.2. Manually-Controlled 9.3. PLC- Controlled 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 10.1. Metal 10.2. Glass 10.3. Granite 10.4. Wood 10.5. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. Central Asia 11.6. Russia & Belarus 11.7. Balkan & Baltic Countries 11.8. Middle East and Africa (MEA) 11.9. East Asia 11.10. South Asia and Pacific 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Balkan & Baltic Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22. Country-Wise Market Analysis 23. Market Structure Analysis 24. Competition Analysis 24.1. Orica Limited 24.2. AZ spa 24.3. BEIER MACHINE TOOL WORKS 24.4. Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd. 24.5. Curtis Machine Tools Ltd 24.6. DANOBATGROUP 24.7. Doimak 24.8. Ecotech Machinery, Inc. 24.9. Ewag AG 24.10. GIORIA S.p.a 24.11. Gleason 24.12. JUNKER Maschinen 24.13. KAPP 24.14. KELLENBERGER 24.15. Knuth Machine Tools 25. Assumptions and Acronyms Used 26. Research Methodology
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Cylindrical Grinders Market
