Grinding machine is fast evolving as a power tool that facilitates the production process in several ways. Market Research Future (MRFR) studied various aspects to realize that this growth may surpass USD 7 billion valuation by 2025. The market can achieve a CAGR of 5% during the forecast period covering 2019 to 2025.
Factors ensuring the market growth are the rising demand from end user segment, growing inclusion in the automotive sales and a hike in the demand for electric cars, surging deployment of the machine in mid-level industries, and others. However, high initial price and its capital intensive nature may hold back the market from achieving a smooth rise in coming years.
The global Grinding machine Market, as studied by MRFR analysts, has been segmented by type, application, and distribution channel. Inputs and information received from these segments would bolster the study of the global market.
- By type, the global market includes surface, tool & cutter, gear, cylindrical, and others. The cylindrical surface segment is expected to get backed by the rapid adoption of CNC cylindrical grinding machines, which would boost its market dominance.
- By application, the global grinding machinery market includes automotive, shipbuilding, electrical & electronics, aerospace & defense, and others. The automotive segment has the chance to outgrow others in the coming years as the automotive infrastructure and the sale of electric vehicles are getting traction from several quarters.
- By distribution channel, the global grinding machinery market includes segments like online and offline. The online segment has a chance of capitalizing on multi-brand e-commerce sites.
Burgeoning end user sectors including the Grinding Machinery Market Analysis is expected to bolster the dominance of Asia Pacific. Countries like China, India, South Korea, Taiwan, Japan, and others are securing growth opportunities for the market.
- DANOBAT (Spain)
- Amada Machine Tools Co. Ltd(Japan)
- Junker (Germany)
- ANCA Pty Ltd (Australia)
- Gleason Corporation (US)
- Körber AG (Germany)
- Fives (France)
- Makino Milling Machine Co. Ltd (Japan)
- Hybrid Manufacturing Technologies (US)
- JTEKT Corporation (Japan)
In the report published by MRFR, analysts have reviewed steps that were taken in the last few years to gauge changes in the market and predict outcomes. Merger, acquisition, innovation, collaboration, and others were some of the common methods applied by these companies.
For More Details On this Report: https://www.marketresearchfuture.com/reports/grinding-machinery-market-3753
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