The U.S. Grinding Machines Market Is Anticipated To Grow At A 6% CAGR Over Next Ten Years
The grinding machines market in the U.S. is a mature and highly competitive industry. Grinding machines are used to remove material from a workpiece by abrasion, which can be done using a variety of methods, including surface grinding, cylindrical grinding, and centerless grinding. The U.S. grinding machines market was valued at $1.56 billion in 2020 and is projected to reach $1.82 billion by 2026, growing at a CAGR of 2.6% during the forecast period.
The automotive industry is a major end-user of grinding machines in the U.S., as these machines are used to manufacture engine components, transmissions, and other automotive parts. Other key end-users of grinding machines in the U.S. include aerospace and defense, electrical and electronics, and construction and mining industries. The grinding machines market in the U.S. is highly fragmented, with several local and international players operating in the market. Some of the key players in the U.S. grinding machines market include Amada Machine Tools America Inc., ANCA Pty Ltd., DANOBAT Group, Gleason Corporation, JTEKT Corporation, Kellenberger & Co. AG, Makino Milling Machine Co., Ltd., Okuma Corporation, and United Grinding North America, Inc.
The market is highly competitive and companies are focusing on research and development to offer innovative and advanced grinding machines to meet the changing demands of end-users. Key trends in the U.S. grinding machines market include the increasing adoption of CNC grinding machines, the growing popularity of centerless grinding machines, and the rising demand for grinding machines with advanced features and capabilities.
Get a Free Sample PDF of this Research Report https://www.factmr.com/connectus/sample?flag=S&rep_id=4383
Key findings of the Grinding Machines market study:
- The report provides a present market outlook on Grinding Machines. Additionally, the Grinding Machines market share is anticipated to grow with a CAGR of 5.8% in the forecast period.
- Regional breakdown of the Grinding Machines market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Grinding Machines vendors in detail.
- Region-wise and country-wise fragmentation of the Grinding Machines market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Grinding Machines market.
- Grinding Machines price, market share, and Trends forecast for assessment period 2022-2032
How is CNC grinding machines a Driving Segment in Grinding Machine?
CNC grinding machines are a driving segment in the grinding machine market due to several reasons. Firstly, CNC grinding machines provide high precision and accuracy in grinding operations, which is essential in industries such as aerospace, medical, and automotive, where precision is critical. The use of CNC technology in grinding machines enables the production of complex geometries and shapes that are difficult to achieve using traditional grinding machines. Secondly, CNC grinding machines offer high productivity and efficiency in grinding operations. They can perform multiple grinding operations in a single set-up, reducing the need for manual intervention and increasing throughput. This makes CNC grinding machines ideal for high-volume production runs.
Thirdly, CNC grinding machines are highly customizable and can be tailored to meet the specific needs of end-users. CNC grinding machines can be programmed to perform a wide range of grinding operations, including surface grinding, cylindrical grinding, and centerless grinding, among others. They can also be integrated with other automation systems, such as robots and conveyor belts, to create a fully automated grinding cell. Lastly, the increasing adoption of Industry 4.0 technologies, such as the Industrial Internet of Things (IIoT), is driving the demand for CNC grinding machines. IIoT-enabled CNC grinding machines can provide real-time data on machine performance and maintenance needs, enabling predictive maintenance and reducing downtime.
Overall, the high precision, productivity, customization, and integration capabilities of CNC grinding machines make them a driving segment in the grinding machine market.
Competitive landscape analysis
The report offers in-depth insights into competition prevailing in the market. It profiles companies in terms of tier 1, tier 2, and tier 3. Growth prospects for companies belonging to each of these tiers are studied in detail.
The survey also includes company share analysis to evaluate share held by these companies, respectively. It also underscores some of the winning strategies adopted by the market players. The impact of government regulations on strategies adopted by the market players are evaluated in details.
Among the significant developments are:
- JTEKT Toyoda Americas Corporation and Ace Micromatic Group joined forces on February 10, 2020 to provide high-speed production equipment.
- JTEKT Toyoda Americas Corporation presented brand-new goods and manufacturing solutions at a technical expo on June 23, 2020.
Some of the leading companies operating in the market are :
- Robert Bosch Power Tools GmbH
- Makita Corporation
- Stanley Black & Decker, Inc.
- Husqvarnacp
- Xingyi Stone Caring Tools, Co Ltd
- Klindex
- Xingyi Stone Caring Tools, Co Ltd
- Blastrac BV
- Scanmaskin
- Shaanxi Ronlon Machinery Co.,Ltd
- Fein
- Hitachi
- Toyoda
What insights does the Grinding Machines report provide to the readers?
- Grinding Machines fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Grinding Machines
- Various regulations imposed by the governments on the consumption of Grinding Machines in detail.
Segmentation of Grinding Machine Industry
- By Product Type
- Angle Grinder
- Cordless angle grinder
- Corded angle grinder
- Pneumatic angle grinder
- Bench Grinder
- Belt Grinder
- Wet Grinder
- Die grinders
- Electric die grinders
- Pneumatic die grinders
- Floor grinder
- Hand held
- Walk behind
- Ride on
- Surface Grinders
- CNC
- CNC roll grinders
- CNC crankshaft grinders
- CNC plain cylindrical grinders
- CNC surface grinders
- Angle Grinder
- By End Use Industry
- Automotive
- Aerospace
- Construction
- Industrial manufacturing
- Electrical & Electronics
- Maritime Industry
- Others
- By Sales Channel
- Franchised Outlets
- Specialty Store
- Modern Trade
- Online Channel
- Manufacturers website
- Third party website
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
For in-depth competitive analysis, Buy Now – https://www.factmr.com/checkout/4383
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email: sales@factmr.com
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
Xherald
