Global Vertical Grinding Machine Market Overview
As per MRFR analysis, the Vertical Grinding Machine Market Size was estimated at 4.26 (USD Billion) in 2022. The Vertical Grinding Machine Market Industry is expected to grow from 4.51(USD Billion) in 2023 to 7.5 (USD Billion) by 2032. The Vertical Grinding Machine Market CAGR (growth rate) is expected to be around 5.81% during the forecast period (2024 - 2032).
Key Vertical Grinding Machine Market Trends Highlighted
The vertical grinding machine market is witnessing significant technological advancements, with the integration of Industry 4.0 concepts and automation being key market trends. These machines are increasingly equipped with advanced control systems, sensors, and data analytics capabilities, enabling real-time monitoring, predictive maintenance, and increased productivity. Furthermore, the growing adoption of artificial intelligence (AI) is unlocking new opportunities for optimizing grinding processes, reducing cycle times, and enhancing overall efficiency.
Key market drivers include the rising demand for high-precision grinding in industries such as aerospace, automotive, and medical devices. Additionally, the need for increased productivity, reduced downtime, and improved surface finishes is fueling the adoption of vertical grinding machines. The market is also driven by the growing popularity of advanced materials, such as composites and ceramics, which require specialized grinding techniques.
Recent trends include the development of multi-axis vertical grinding machines capable of complex grinding operations on multiple surfaces. These machines offer increased flexibility, reduced setup times, and improved accuracy. Moreover, the increasing focus on sustainability is driving the adoption of energy-efficient vertical grinding machines and the use of environmentally friendly coolants.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vertical Grinding Machine Market Drivers
Increasing Demand for Precision Grinding in Automotive and Aerospace Industries
The automotive and aerospace industries are major consumers of vertical grinding machines. These industries require high-precision components for critical applications such as engine parts, transmission components, and aircraft parts. Vertical grinding machines offer the precision and accuracy needed to meet the demanding requirements of these industries. As the demand for vehicles and aircraft continues to grow, the demand for vertical grinding machines is expected to increase in tandem.
The automotive industry is undergoing a significant transformation, with the advent of electric vehicles and autonomous driving technologies.These new technologies require even higher levels of precision in component manufacturing. Vertical grinding machines are well-suited to meet these demands, as they can produce complex shapes and tight tolerances with high accuracy. In the aerospace industry, the demand for lightweight and durable materials is driving the adoption of advanced composites and alloys.
Vertical grinding machines are used to machine these materials with precision, ensuring that they meet the stringent safety and performance requirements of the aerospace industry. Overall, the increasing demand for precision grinding in the automotive and aerospace industries is a major driver of growth for the Vertical Grinding Machine Market Industry.
Growing Adoption of Automation and Industry 4.0 Technologies
The manufacturing industry is being revolutionized by the adoption of automation and Industry 4.0 technologies. In the vertical grinding machines, CNC controls, automatic tool changers, as well as robotic loading and unloading systems are being implemented more and more. They help manufacturers improve their productivity, lower labor costs, as well as achieve higher precision and effectiveness in their machining. The CNC controls enable the programming of a large number of diverse operations which can be repeated with high accuracy.
The automatic tool changers reduce downtime by allowing the machine to switch the tool used on the fly. Robotic loading and unloading have similar effects as they eliminate the need for human intervention between operations. The inclusion of Industry 4.0 technologies, such as data analytics and predictive maintenance, is also observed. The former allows the manufacturers to keep a constant eye on how their machines work and consider possible changes or replacements to improve performance.
The latter helps to predict failures, which can then be planned for and avoided. It is to be expected that this trend will continue to drive the growth of the Vertical Grinding Machine Market Industry. There are many factors that are expected to drive this trend, but the largest among them is the manufacturers’ desire to grow their productivity and the rising availability of the required solutions, as well as broader familiarity with what they can do.
Rising Demand for Vertical Grinding Machines in Emerging Economies
One of the key drivers of the Vertical Grinding Machine Market Industry is increasing industrialization and urbanization in emerging economies such as China, India, and Brazil. In emerging economies, the demand for manufactured goods, such as machinery and equipment, is on the rise. Meanwhile, vertical grinding machines are critical to a broad array of manufacturing processes. Thus, demand for vertical grinding machines is anticipated to grow in tandem with the growth of the manufacturing sector in emerging economies.
Notably, the emerging economies are also investing in infrastructure. The need for construction machinery, including vertical grinding machines, is expected to grow as emerging economies endeavor to build roads, bridges, and increasingly tall and wide high-rises. In summary, demand for vertical grinding machines is on the rise in emerging economies, making it a prime driver of the Vertical Grinding Machine Market Industry.
Vertical Grinding Machine Market Segment Insights
Vertical Grinding Machine Market Power Insights
The power segment in the Vertical Grinding Machine Market is expected to witness substantial growth over the forecast period. In 2023, the market for vertical grinding machines with power less than 500W was valued at around 1.2 billion USD and is projected to reach 1.9 billion USD by 2032, growing at a CAGR of 5.1%. Machines in this power range are commonly used in light-duty applications such as grinding small parts and finishing surfaces.
The 501W - 1,000W power segment held a significant market share in 2023, valued at approximately 1.4 billion USD. This segment is expected to grow at a CAGR of 5.3% during the forecast period, reaching 2.2 billion USD by 2032. These machines offer a balance between power and versatility, making them suitable for a wider range of applications, including medium-duty grinding and shaping tasks. Vertical grinding machines with power ranging from 1,001W to 2,000W represented a notable market share in 2023, valued at close to 1.6 billion USD. These machines are designed for heavy-duty applications, such as grinding large workpieces and removing substantial amounts of material.
The segment is anticipated to grow at a CAGR of 5.6% during the forecast period, reaching 2.5 billion USD by 2032. Machines with power exceeding 2,000W cater to specialized industrial applications that require exceptional power and precision. In 2023, this segment held a market share of approximately 1.3 billion USD and is projected to grow at a CAGR of 5.9% over the forecast period, reaching 2.1 billion USD by 2032. These machines are commonly used in industries such as automotive, aerospace, and heavy machinery manufacturing. Factors driving the growth of the power segment in the Vertical Grinding Machine Market include increasing demand from various industries, technological advancements enhancing machine capabilities, and rising adoption of automation in manufacturing processes. The market is expected to witness continued growth in the coming years, driven by ongoing industrialization and technological innovations.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vertical Grinding Machine Market Grinding Type Insights
Surface Grinding, Cylindrical Grinding, and other types of Grinding are the three main types of Grinding used in the Vertical Grinding Machine Market. Surface Grinding is projected to hold the largest market share during the forecast period due to its wide range of applications in various industries such as automotive, aerospace, and general engineering. Cylindrical Grinding is expected to witness steady growth owing to its ability to produce high-precision cylindrical components. Other types of Grinding, including internal, centerless, and jig grinding, are anticipated to contribute a notable share to the overall market growth, driven by their specific applications in niche industries.
Vertical Grinding Machine Market Application Insights
The Vertical Grinding Machine Market is segmented into various applications, including Automotive, Aerospace, Mould and Die, and Others. Among these, the Automotive segment is expected to dominate the market in 2024 and beyond. The growth in the automotive industry, particularly in emerging economies, is a major driving factor behind this dominance. The Aerospace segment is also expected to witness significant growth due to the increasing demand for lightweight and high-precision components. The Mould and Die segment is expected to grow steadily, driven by the increasing demand for molds and dies in various industries. The Other segment includes applications such as medical, electronics, and energy, which are expected to contribute to the overall growth of the Vertical Grinding Machine Market.
Vertical Grinding Machine Market End-User Insights
The end-user segment of the Vertical Grinding Machine Market is categorized into industrial, commercial, and residential. Industrial end-users are major consumers of vertical grinding machines, accounting for around 62.5% of the market share in 2023 and are projected to maintain their dominance throughout the forecast period. Commercial end-users, such as repair shops and construction companies, are expected to hold a significant market share of 24.1% by 2032. On the other hand, residential end-users are anticipated to experience moderate growth due to the increasing popularity of DIY projects and home renovations.
Vertical Grinding Machine Market Intelligence Level Insights
The Intelligence Level segment plays a crucial role in the Vertical Grinding Machine Market, shaping the market growth and segmentation. Manual Vertical Grinding Machines, with their affordability and simplicity, account for a significant portion of the market. Semi-Automatic Vertical Grinding Machines offer a balance between automation and affordability, catering to mid-sized manufacturers.
Fully Automatic Vertical Grinding Machines, on the other hand, dominate the high-end segment due to their efficiency, precision, and ability to handle complex operations. The increasing demand for precision grinding in various industries, such as automotive, aerospace, and electronics, is driving the growth of the Fully Automatic segment. These machines offer higher productivity, reduced labor costs, and enhanced accuracy, making them ideal for mass production and complex component manufacturing.
Vertical Grinding Machine Market Regional Insights
The regional market for Vertical Grinding Machines Market exhibits significant variations in terms of market size and growth potential. North America is expected to remain the largest regional market, driven by the presence of major automotive and aerospace industries. The region is projected to account for over 35% of the global market revenue in 2024. Europe is another key regional market, with a strong presence of manufacturers and a growing demand for high-precision grinding machines. The APAC region is anticipated to witness the fastest growth over the forecast period, owing to the increasing industrialization and the growing automotive sector in countries such as China and India. South America and MEA are expected to contribute a smaller share of the global market but are projected to experience steady growth due to the increasing investment in infrastructure and manufacturing.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vertical Grinding Machine Market Key Players And Competitive InsightsMajor players in the Vertical Grinding Machine Market industry are continuously working to enhance their products and increase market presence, leading to the steady development of the Vertical Grinding Machine Market. Leading players invest substantially in research and development to create innovative products that can meet the constantly changing market needs. Most of these companies have established networks of partners and distributors to enhance their company’s presence in the Vertical Grinding Machine Market.
ANCA is one of the leading companies in the Vertical Grinding Machine Market and has been producing Grinding Machines for over 45 years. The Australian company focuses on CNC grinding machines and provides its customers involved in the Aerospace, Automotive and Medical industries with the most advanced solutions. It has representative offices in over 50 countries around the globe and has observed some internal changes to provide better solutions while focusing on customer satisfaction and seeking ways to please its customers with precision and timely-made machines that are highly sustainable and efficient.
A renowned competitor and one of the biggest companies on the Vertical Grinding Machine Market scene is Jungheinrich, a German company working in the area of Materials Handling and Intralogistics. It is a popular company on the market and also engages in the production of vertical grinding machines that are focused on the metalworking industry. The company’s grinding machines are sturdy and stand safe in the toughest of situations. Jungheinrich is closely related to environmentally-friendly options and is proud of being certified to provide environment-friendly solutions.
Key Companies in the Vertical Grinding Machine Market Include
- MAG IAS GmbH
- United Grinding Group
- K. Machinery, Inc.
- ANCA Pty Ltd
- Danobat S. Coop.
- Jinan Hanhai Precision Machinery Co., Ltd.
- Hangzhou Keang Nam Machinery Co., Ltd.
- Kunming Machine Tool Co., Ltd.
- SAACKE GmbH KG
- Okuma Corporation
- Xi’an ZECHUAN Mechanical Electrical Equipment Co., Ltd.
- CHIRON Group SE
- Gleason Corporation
Vertical Grinding Machine Market Industry Developments
The Vertical Grinding Machine Market is expected to witness steady growth in the coming years. Increasing demand from automotive, aerospace, and other industries is driving the market growth. The growing adoption of automation and the need for high-precision grinding are also contributing to the market expansion.Key market players are focusing on product innovation and strategic partnerships to gain a competitive edge. Recent developments include the launch of new vertical grinding machines with advanced features and the formation of partnerships to expand market reach. For instance, in 2023, ANCA Motion, a leading manufacturer of CNC grinding machines, partnered with Mitsubishi Electric Automation, Inc. to enhance the capabilities of its vertical grinding machines. Such developments are expected to shape the future market landscape.
Vertical Grinding Machine Market Segmentation Insights
- Vertical Grinding Machine Market Power Outlook
- Less than 500W
- 501W - 1,000W
- 1,001W - 2,000W
- Above 2,000W
- Vertical Grinding Machine Market Grinding Type Outlook
- Surface Grinding
- Cylindrical Grinding
- Other
- Vertical Grinding Machine Market Application Outlook
- Automotive
- Aerospace
- Mould and Die
- Other
- Vertical Grinding Machine Market End-User Outlook
- Industrial
- Commercial
- Residential
- Vertical Grinding Machine Market Intelligence Level Outlook
- Manual
- Semi-Automatic
- Fully Automatic
- Vertical Grinding Machine Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
4.26(USD Billion) |
| Market Size 2023 |
4.51(USD Billion) |
| Market Size 2032 |
7.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.81% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
MAG IAS GmbH, United Grinding Group, L.K. Machinery, Inc., ANCA Pty Ltd, Danobat S. Coop., Jinan Hanhai Precision Machinery Co., Ltd., Hangzhou Keang Nam Machinery Co., Ltd., Kunming Machine Tool Co., Ltd., SAACKE GmbH Co. KG, Okuma Corporation, Xi’an ZECHUAN Mechanical Electrical Equipment Co., Ltd., CHIRON Group SE, Gleason Corporation |
| Segments Covered |
Power, Grinding Type, Application, End-User, Intelligence Level, Regional |
| Key Market Opportunities |
Rise in automotive production Growing demand for precision grinding Automation in manufacturing processes Expansion of aerospace industry Technological advancements. |
| Key Market Dynamics |
Rising automation technological advancements increasing demand for precision grinding, expanding automotive industry growing the aerospace sector |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Vertical Grinding Machine Market is expected to grow at a CAGR of 5.81% from 2024 to 2032.
The Vertical Grinding Machine Market is estimated to be worth 4.51 billion USD in 2023.
The Vertical Grinding Machine Market is projected to be worth 7.5 billion USD by 2032.
North America is expected to hold the largest share of the Vertical Grinding Machine Market.
The automotive segment is expected to drive the growth of the Vertical Grinding Machine Market.
Some of the key competitors in the Vertical Grinding Machine Market include Anca, Cheong Ho Precision, DMG MORI, Ewag, and Harbin Measuring Cutting Tool Group.
The major factors driving the growth of the Vertical Grinding Machine Market include the increasing demand for precision grinding in the automotive and aerospace industries, the rising adoption of automation in manufacturing, and the growing need for efficient and high-quality grinding solutions.
The key challenges faced by the Vertical Grinding Machine Market include the high cost of machines, the need for skilled labor, and the stringent regulatory requirements.
The growth opportunities for the Vertical Grinding Machine Market include the growing demand for precision grinding in emerging markets, the increasing adoption of advanced technologies such as CNC and IoT, and the rising focus on sustainability.
The key trends in the Vertical Grinding Machine Market include the increasing demand for automated solutions, the growing adoption of digital technologies, and the rising focus on energy efficiency.
