Global grinding machinery market projected to exceed USD 8.44 billion by 2031, driven by automotive industry growth.

From GlobeNewswire: 2025-05-14 10:08:00

The global grinding machinery market is experiencing significant growth due to increased demand in the automotive industry. Major players include Amada Machine Tools, JTEKT, and DANOBAT Group. Challenges such as high initial costs are being addressed through ongoing R&D and integration of AI and IoT technologies to enhance productivity.

The market was valued at US$ 6,102.46 million in 2024 and is projected to reach US$ 8,441.31 million by 2031 with a CAGR of 4.9% during 2025–2031. The automotive industry’s growth is driving investments, with battery electric vehicles capturing a 15% market share. Europe and North America saw significant growth in car sales, driving the need for grinding machines.

The aerospace industry is increasingly using grinding machines to produce aircraft components, with Airbus expanding its manufacturing activities in China. In the MedTech industry, precision manufacturing is in high demand, with companies incorporating advanced technologies to meet global regulatory standards and improve quality.

Integration of advanced technologies like IoT and AI is transforming the grinding machinery market, enabling real-time data analysis for predictive maintenance. Geographically, Asia Pacific leads the market, with the automotive segment dominating. The CNC/NC machines segment is the most prevalent machine technology.

Key players in the market include DANOBAT GROUP, DMG Mori Company Limited, JTEKT Corp, and Okuma Corp. Industry trends include the announcement of new service and repair facilities by Okuma America Corporation and the opening of EMAG Middle East to tap into Central Asia and Middle East markets.

The continuous growth in the manufacturing industry is increasing the demand for durable industrial components. Manufacturing output reached US$ 16.2 trillion in 2023, with strong growth in industrial economies. Grinding machines play a crucial role in this growth, providing opportunities for stakeholders to navigate the evolving market landscape.

For further information or inquiries about the grinding machinery market, contact Ankit Mathur at [email protected] or +1-646-491-9876. Visit The Insight Partners website for more industry research reports and insights.



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