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In developing nations like India, China, and Indonesia, there's a strong focus on building better infrastructure. They're investing a lot in big projects to make things like roads, bridges, and buildings. Asia-Pacific is a really good market because these countries are getting a lot of money from these big projects and are using a lot of equipment. These places are becoming important spots for industries, and lots of companies from other countries are putting money into big manufacturing areas in these countries like China, India, Brazil, and some countries in Southeast Asia. That means these places are going to be great for selling CNC tool and cutter grinding machines in the coming years.
Foreign companies are looking at these countries for starting their own businesses because these places are giving special incentives to get them to come. That's helping these countries grow their economies and make more things in factories. For example, in Asia-Pacific in 2019, about $480 billion came in from other countries investing in new projects, which was 13% more than the year before. Vietnam, a country in Asia, is one of the strongest growing economies there. The government there is putting a lot of money into building things like roads and factories. This is going to lead to making better machines that can do a lot of different jobs in the country.
These countries are changing the way they make things and do their work to make it easier for other companies to come and invest in their factories. When industries grow, they start using more machines that can work on their own to help make things faster and better. This is where machines like CNC tool and cutter grinding machines become really important because they help with making different tools needed for various jobs.
Big companies that make these grinding machines, like JUNKER Group, ANCA, Rollomatic SA, and SAACKE GROUP, are putting money into making better machines for different industries. For example, in April 2020, Rollomatic SA made a new 6-axis CNC tool grinder that can work on lots of different tools to help its customers stay ahead of their competition.
So, in these developing nations, there's a big chance for companies that make these grinding machines to grow and do well in the future because these countries are making a lot of new things and need good machines to help them do it. This opportunity for growth is going to be there for some time.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Application, and Region |
CNC Tool Cutter Grinding Machine Market Highlights:
CNC Tool and Cutter Grinding Machine Market Overview
Global CNC Tool and Cutter Grinding Machine Market Size was valued at USD 4.3 Billion in 2023. The CNC Tool and Cutter Grinding Machine market industry is projected to grow from USD 4.49 Billion in 2024 to USD 6.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.89% during the forecast period (2024 - 2032). A surge in industrial automation and the demand for CNC tool and cutter grinding machines because of the high accuracy requirements, are the key market drivers enhancing the market growth.
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
CNC Tool and Cutter Grinding Machine Market Trends
The rise in demand for the CNC tool and cutter grinding machine is driving the market growth
The need for CNC tool and cutter grinding machines is predicted to increase, which would help the global market for grinding machines. Due to the demanding precision standards, it is also attributed to growing industrial automation. The demand for excellent surface quality is on the rise, which is probably going to lead to a greater use of grinding machines as finishing equipment across a variety of industries, including the general machinery, automotive, and aerospace sectors. In the near future, it is anticipated that the market for CNC tool and cutter grinding machines would see significant income due to the growing technical improvements in grinding machines. The latest and most sophisticated grinding wheel technology in cylindrical grinding machines regulates a number of operations, such as the material and dressing process and pump choices. But because it is simple to use, the clever software found in grinding machines boosts productivity. The market for grinding machines is in great demand as a result of the ability of these machines to give steady processing temperatures growing. It's because more and more advanced chillers and heaters are being used in crucial applications, such the aerospace and automotive industries.
The rise of the Internet of Things (IoT), the expansion of the manufacturing and automotive sectors, and the ongoing development of machine learning are all predicted to contribute to the expansion of the global market. Additionally, it is anticipated that market growth would be boosted by the implementation of automation to simplify assembly lines and the creation of numerous industrial centres. The high capital expenditures of CNC machines, on the other hand, are anticipated to impede market expansion. The development of the automotive manufacturing sector, the rise of IoT devices, and the ongoing advancement of machine learning are all expected to enhance demand for CNC tool and cutter grinding machines globally. The tool and cutter grinding machine market will also be driven by automation to simplify assembly lines with different industrial hubs. Opportunities for manufacturers of CNC tool and cutter grinding machines will be created by the movement of capital and increased investment.Thus, driving the CNC Tool and Cutter Grinding Machine market revenue.
CNC Tool and Cutter Grinding Machine Market Segment Insights
CNC Tool and Cutter Grinding Machine Type Insights
The global CNC Tool and Cutter Grinding Machine market segmentation, based on Type, includes Tool & Cutter Grinding Machine, Universal Grinding Machine, and Blank and Cylindrical Grinding Machines. Universal grinding machine segment accounted for the largest revenue share in 2022. In a number of sectors, universal grinding machines are generally employed in metal grinding processes. Materials with considerable market use in the CNC machine tool market include solid carbide and polycrystalline diamond. The global market for milling machine tools has been sparked by the favourable development of the metalworking process sectors.
CNC Tool and Cutter Grinding Machine Application Insights
The global CNC Tool and Cutter Grinding Machine market segmentation, based on Application, includes Electrical and Electronics Manufacturing, Aerospace & Defense, and Automotive. Automotive segment dominated the global CNC Tool and Cutter Grinding Machine market in 2022.It is anticipated that the CNC industry would grow as a result of the increased demand for high performance in sophisticated cutting and grinding machine goods. The growing demand for high accuracy, low operating costs, and technical advancements in production processes are all factors that are boosting the use of CNC machine tools. Additionally, the market for CNC tool and cutter grinding machines is positively affected by the rise in demand across industries, particularly in the automotive sectors.
Figure 1: Global CNC Tool and Cutter Grinding Machine Market, by Application, 2023 & 2032 (USD Billion) 
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
CNC Tool and Cutter Grinding Machine Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America CNC Tool and Cutter Grinding Machine Market dominated this market in 2022 (45.80%). This is because the area has a number of heavy enterprises. Strong distribution networks, defence and aerospace spending, and expanding automotive sectors can all help the industry grow. In addition, the affordable pricing of the CNC tool and cutter grinding machine will open up new market potential.Further, the U.S. CNC Tool and Cutter Grinding Machine market held the largest market share, and the Canada CNC Tool and Cutter Grinding Machine market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: GLOBAL CNC TOOL AND CUTTER GRINDING MACHINE MARKET SHARE BY REGION 2022 (USD Billion)
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe CNC Tool and Cutter Grinding Machine market accounted for the healthy market share in 2022.The increased demand for CNC machine tools from end users, including those in the automotive, food and beverage, aerospace, construction, and other industries, is what's driving the market expansion.Further, the German CNC Tool and Cutter Grinding Machine market held the largest market share, and the U.K CNC Tool and Cutter Grinding Machine market was the fastest growing market in the European region.
The Asia Pacific CNC Tool and Cutter Grinding Machine market is expected to register significant growth from 2024 to 2032. One of the main reasons influencing the growth of the Asia Pacific machine tools market is the rising industrial activity across a variety of sectors, including the automotive, aerospace, electrical, and electronics industries. Additionally, the market in the region is being favourably impacted by the expanding trend of industrial automation and the rising demand for precise manufacturing.Moreover, China’s CNC Tool and Cutter Grinding Machine market held the largest market share, and the Indian CNC Tool and Cutter Grinding Machine market was the fastest growing market in the Asia-Pacific region.
CNC Tool and Cutter Grinding Machine Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the CNC Tool and Cutter Grinding Machine market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, CNC Tool and Cutter Grinding Machine industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global CNC Tool and Cutter Grinding Machine industry to benefit clients and increase the market sector. In recent years, the CNC Tool and Cutter Grinding Machine industry has offered some of the most significant advantages to medicine. Major players in the CNC Tool and Cutter Grinding Machine market, including Vollmer, Makino Milling Machine Co., Ltd., J Schneeberger Maschinen AG, Haas Automation, Inc., ANCA Pty Ltd., DANOBAT Group, ISOG Technology GmbH, JTEKT Corp, Korber AG, Amada Machine Tools Co., Ltd., Gebr. SAACKE GmbH & Co. KG, WIDMA Machine Tools, Rollomatic SA, Alfred H. Schütte GmbH & Co. KG, Gleason Corporation, and JUNKER Group, are attempting to increase market demand by investing in research and development operations.
The manufacturing and marketing of machine tools is done by DMG Mori Seiki Co Ltd (DMG Mori), formerly known as Mori Seiki Co Ltd. The company's product line consists of multi-axis machines, CNC machine tools, pallet pool systems, workpiece handling items, peripherals, CELOS and software, technology cycles and Die & Mould. The business has operations throughout China, Japan, Europe, Africa, the Americas, Asia, and Oceania. Tokyo, Japan serves as the home base for DMG Mori. LASERTEC 125 3D hybrid, a new hybrid additive manufacturing technology, was introduced by DMG MORI in December 2019. For the upkeep, repair, and manufacturing of much larger parts, the LASERTEC 125 is a 5-axis laser deposition welding (LDW) device.
Machine tools are offered by Okuma Corp (Okuma). It produces numerical control (NC) machine tools, such as 5-axis machining centres, super multitasking machines, multitasking machines, and computerised numerical control (CNC) lathes. The company sells items like grinding machines, next-generation robot systems, information technology and CNC goods, double-column machining centres, and machining centres. In Nagoya, Japan, Okuma also manages an institute for machine tool technology. Germany, Singapore, Taiwan, Thailand, Australia, the US, China, India, Korea, and Indonesia are among the countries where the organisation conducts business. Niwa-gun, Aichi, Japan is home to Okuma's headquarters. Jergens, a leading provider of workholding solutions for machine tools, and Okuma America Corporation joined in February 2019. The goal of this alliance was to offer the end-user the best integrated solutions imaginable. The growth of the market is positively impacted by these collaborations and product releases.
Key Companies in the CNC Tool and Cutter Grinding Machine market include
- Vollmer
- Makino Milling Machine Co., Ltd.
- J Schneeberger Maschinen AG
- Haas Automation, Inc.
- ANCA Pty Ltd.
- DANOBAT Group
- ISOG Technology GmbH
- JTEKT Corp
- Korber AG
- Amada Machine Tools Co., Ltd.
- Gebr. SAACKE GmbH & Co. KG
- WIDMA Machine Tools
- Rollomatic SA
- Alfred H. Schütte GmbH & Co. KG
- Gleason Corporation
- JUNKER Group
CNC Tool and Cutter Grinding Machine Industry Developments
February 2023: Intermaq, a major player in the Mexican machine tool market, has been added to United Grinding North America's distribution network. The precise CNC grinding industry in Mexico will grow thanks to Intermaq, who will represent the whole United Grinding North America equipment line.
CNC Tool and Cutter Grinding Machine Market Segmentation
CNC Tool and Cutter Grinding Machine Type Outlook
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Tool & Cutter Grinding Machine
-
Universal Grinding Machine
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Blank and Cylindrical Grinding Machines
CNC Tool and Cutter Grinding Machine Application Outlook
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Electrical and Electronics Manufacturing
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Aerospace & Defense
-
Automotive
CNC Tool and Cutter Grinding Machine Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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