CNC Tool & Cutter Grinding Machine Market size was valued at USD 4.26 Bn in 2023 and is expected to reach USD 6.13 Bn by 2031 With a growing CAGR of 4.63 % over the forecast period 2024-2031.
The demand for computer numerical control (CNC) tool and cutter grinding machines is on the rise) due to growing automation in factories necessitates sharper cutting tools, which these machines precisely manufacture. Industries like aerospace require high-precision finishes (down to 0.1 microns) achievable through grinding. Advancements in grinding technology with sophisticated controls further enhance precision and consistency. Additionally, improved temperature control in these machines ensures stable grinding for delicate parts.
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This market growth is driven by the expansion of key sectors like manufacturing and automotive which is predicted to be a multi-trillion dollar industry by 2031. Automation further fuels demand as it requires perfectly sharpened tools. Technological advancements like IoT and machine learning are expected to improve efficiency and capabilities.
MARKET DYNAMICS
KEY DRIVERS:
Rising Demand for Precision
Increased automation and growth in industries like aerospace and automotive necessitate high-precision tools with exceptional surface finishes (down to 0.1 microns). CNC grinding machines deliver this precision by sharpening and shaping cutting tools with exceptional accuracy.
The expansion of manufacturing, automotive and aerospace sectors fuels demand for these high-performance grinding machines.
RESTRAIN:
Operating and maintaining these complex machines requires specialized training, and a lack of qualified personnel can hinder wider adoption.
OPPORTUNITY:
Focus on cost-effective solutions
Manufacturers that address the high upfront cost barrier through innovative leasing programs or more affordable machine options can tap into a wider market segment.
The incorporation of Internet of Things (IoT) and machine learning can significantly improve efficiency, optimize processes, and potentially reduce waste in grinding operations.
CHALLENGES:
The high upfront cost can be a significant barrier for potential buyers in the CNC tool and cutter grinding machine market.
IMPACT OF RUSSIA UKRAINE WAR
Supply chain disruptions could cause delays up to 6 months and price hikes of 5-10%. Rising material costs such as steel up 20% since 2021, might further strain manufacturers. Additionally, diverted resources due to the war could slow the market's projected 3.9% growth.
However, there are potential opportunities. The war might encourage countries to prioritize domestic manufacturing, boosting local CNC machine makers. Near-shoring, where companies source materials closer to home, could create regional market opportunities worth billions. Finally, increased focus on defense manufacturing, a trillion-dollar industry by 2030, could drive demand for specialized CNC grinding machines.
IMPACT OF ECONOMIC SLOWDOWN
Economic slowdowns can bring turbulence to the CNC tool and cutter grinding machine market. Manufacturing downturns, which can contract by 5-10%, lead to decreased demand as businesses delay equipment purchases. Reduced investment in automation projects down 20-30% further weakens demand since these machines maintain cutting tools for automated processes. Tighter budgets and access to credit loan approvals dropping 10-15% make the high upfront cost of CNC machines even more prohibitive.
Maintenance needs for existing machines (a constant 10-15% of market revenue) provide stability. Additionally, companies might prioritize efficiency by 5-10% during slowdowns, and CNC grinding machines can ensure precise tool performance, leading to some continued demand.
A mild slowdown might cause a temporary 5-10% dip, while a severe recession could lead to a steeper decline of 15-20% or more.
By Type
Tool & Cutter Grinding Machine
Universal Grinding Machine
Blank and Cylindrical Grinding Machines
The market has been divided into three types of grinding machines: blank and cylindrical grinding machines, universal grinding machines, and tool and cutter grinding machines. Due to increasing demand from the engineering, aerospace, and automotive industries, the blank and cylindrical grinding machine segment is likely to dominate the market throughout the forecast period. Cylindrical grinding machines are used to shape the outside surfaces of components like tubes and rods.
By Application
Electrical and Electronics Manufacturing
Aerospace & Defense
Automotive
Automotive, aerospace and defense, and electrical and electronics production are all major market applications. During the forecast period, the automotive segment is expected to dominate the market. CNC tool cutters and grinding machines have been used to make prototypes for new machines and large-scale component production. Consumer demand for automobiles is expected to grow in Japan, China, and India in the future years. Metal fabrication digitization, along with shorter manufacturing times, is predicted to boost segment growth.
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REGIONAL ANALYSIS
The global market for CNC tool and cutter grinding machines is geographically concentrated, with North America leading the market. This dominance, holding nearly 47% of the market share in 2023. North America is home to a high concentration of heavy industries, which rely heavily on these machines. Secondly, strong distribution networks ensure efficient delivery and support across the region. Finally, significant investments in defense, aerospace, and the booming automotive sector drive demand for high-precision tools, requiring advanced grinding machines for maintenance.
Within North America, the US holds the largest market share, while Canada experiences the fastest growth, highlighting a dynamic and expanding market. Europe presents a stable market with consistent demand from diverse industries like automotive, food & beverage, and construction. Germany is the European leader, but the UK demonstrates the fastest growth, suggesting promising future adoption.
The most exciting growth is expected in the Asia Pacific region between 2024 and 2031. This surge is fueled by booming industrial activity across various sectors, particularly automotive, aerospace, and electronics. Additionally, the growing trend of industrial automation necessitates precise and consistent tool performance, creating a significant market opportunity for CNC grinding machines. China currently holds the largest market share here, but India boasts the fastest growth rate, hinting at a potential future shift in leadership.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major players in the CNC Tool & Cutter Grinding Machine Market are Vollmer, Makino Milling Machine Co., Ltd., Haas Automation, Inc., ANCA Pty Ltd., ISOG Technology GmbH, JTEKT Corp, Korber AG, Amada Machine Tools Co., Ltd., DANOBAT Group, WIDMA Machine Tools, Rollomatic SA, J Schneeberger Maschinen AG, Gleason Corporation, Gebr. SAACKE GmbH & Co. KG, Alfred H. Schütte GmbH & Co. KG, JUNKER Group and other players.
RECENT TRENDS
In August 2022, ANCA has teamed up with Fravic Daunert to bring their CNC tool and cutter grinding machines, along with all the accessories, to the Mexican market.
Makino Milling Machine Co Ltd-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 4.26 Billion |
| Market Size by 2031 | US$ 6.13 Billion |
| CAGR | CAGR 4.63% From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Tool & Cutter Grinding Machine, Universal Grinding Machine, Blank and Cylindrical Grinding Machines) • by Application (Electrical and Electronics Manufacturing, Aerospace & Defense, Automotive) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Vollmer, Makino Milling Machine Co., Ltd., Haas Automation, Inc., ANCA Pty Ltd., ISOG Technology GmbH, JTEKT Corp, Korber AG, Amada Machine Tools Co., Ltd., DANOBAT Group, WIDMA Machine Tools, Rollomatic SA, J Schneeberger Maschinen AG, Gleason Corporation, Gebr. SAACKE GmbH & Co. KG, Alfred H. Schütte GmbH & Co. KG, JUNKER Group |
| Key Drivers |
• Rising Demand for Precision |
| Restraints |
• Operating and maintaining these complex machines requires specialized training, and a lack of qualified personnel can hinder wider adoption. |
Ans: - The CNC Tool & Cutter Grinding Machine Market size was valued at USD 4.26 Bn in 2023.
Ans: Manufacturing Sector Development and the Automotive Industry is Growing.
Ans: - The Asia Pacific region controls the majority of the CNC Tool & Cutter Grinding Machine market.
Ans: - The major key players are Vollmer, Makino Milling Machine Co., Ltd., J Schneeberger Maschinen AG, Haas Automation, Inc., ANCA Pty Ltd., DANOBAT 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.
Ans: - The CNC Tool & Cutter Grinding Machine Market is growing at a CAGR of 4.63% From 2024 to 2031.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. CNC Tool & Cutter Grinding Machine Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Tool & Cutter Grinding Machine
9.4 Universal Grinding Machine
9.5 Blank and Cylindrical Grinding Machines
10. CNC Tool & Cutter Grinding Machine Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Electrical and Electronics Manufacturing
10.4 Aerospace & Defense
10.5 Automotive
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America CNC Tool & Cutter Grinding Machine Market by Country
11.2.3 North America CNC Tool & Cutter Grinding Machine Market By Type
11.2.4 North America CNC Tool & Cutter Grinding Machine Market By Application
11.2.5 USA
11.2.5.1 USA CNC Tool & Cutter Grinding Machine Market By Type
11.2.5.2 USA CNC Tool & Cutter Grinding Machine Market By Application
11.2.6 Canada
11.2.6.1 Canada CNC Tool & Cutter Grinding Machine Market By Type
11.2.6.2 Canada CNC Tool & Cutter Grinding Machine Market By Application
11.2.7 Mexico
11.2.7.1 Mexico CNC Tool & Cutter Grinding Machine Market By Type
11.2.7.2 Mexico CNC Tool & Cutter Grinding Machine Market By Application
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe CNC Tool & Cutter Grinding Machine Market by Country
11.3.2.2 Eastern Europe CNC Tool & Cutter Grinding Machine Market By Type
11.3.2.3 Eastern Europe CNC Tool & Cutter Grinding Machine Market By Application
11.3.2.4 Poland
11.3.2.4.1 Poland CNC Tool & Cutter Grinding Machine Market By Type
11.3.2.4.2 Poland CNC Tool & Cutter Grinding Machine Market By Application
11.3.2.5 Romania
11.3.2.5.1 Romania CNC Tool & Cutter Grinding Machine Market By Type
11.3.2.5.2 Romania CNC Tool & Cutter Grinding Machine Market By Application
11.3.2.6 Hungary
11.3.2.6.1 Hungary CNC Tool & Cutter Grinding Machine Market By Type
11.3.2.6.2 Hungary CNC Tool & Cutter Grinding Machine Market By Application
11.3.2.7 Turkey
11.3.2.7.1 Turkey CNC Tool & Cutter Grinding Machine Market By Type
11.3.2.7.2 Turkey CNC Tool & Cutter Grinding Machine Market By Application
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe CNC Tool & Cutter Grinding Machine Market By Type
11.3.2.8.2 Rest of Eastern Europe CNC Tool & Cutter Grinding Machine Market By Application
11.3.3 Western Europe
11.3.3.1 Western Europe CNC Tool & Cutter Grinding Machine Market by Country
11.3.3.2 Western Europe CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.3 Western Europe CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.4 Germany
11.3.3.4.1 Germany CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.4.2 Germany CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.5 France
11.3.3.5.1 France CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.5.2 France CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.6 UK
11.3.3.6.1 UK CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.6.2 UK CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.7 Italy
11.3.3.7.1 Italy CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.7.2 Italy CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.8 Spain
11.3.3.8.1 Spain CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.8.2 Spain CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.9.2 Netherlands CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.10.2 Switzerland CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.11 Austria
11.3.3.11.1 Austria CNC Tool & Cutter Grinding Machine Market By Type
11.3.3.11.2 Austria CNC Tool & Cutter Grinding Machine Market By Application
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe CNC Tool & Cutter Grinding Machine Market By Type
11.3.2.12.2 Rest of Western Europe CNC Tool & Cutter Grinding Machine Market By Application
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia Pacific CNC Tool & Cutter Grinding Machine Market by Country
11.4.3 Asia Pacific CNC Tool & Cutter Grinding Machine Market By Type
11.4.4 Asia Pacific CNC Tool & Cutter Grinding Machine Market By Application
11.4.5 China
11.4.5.1 China CNC Tool & Cutter Grinding Machine Market By Type
11.4.5.2 China CNC Tool & Cutter Grinding Machine Market By Application
11.4.6 India
11.4.6.1 India CNC Tool & Cutter Grinding Machine Market By Type
11.4.6.2 India CNC Tool & Cutter Grinding Machine Market By Application
11.4.7 Japan
11.4.7.1 Japan CNC Tool & Cutter Grinding Machine Market By Type
11.4.7.2 Japan CNC Tool & Cutter Grinding Machine Market By Application
11.4.8 South Korea
11.4.8.1 South Korea CNC Tool & Cutter Grinding Machine Market By Type
11.4.8.2 South Korea CNC Tool & Cutter Grinding Machine Market By Application
11.4.9 Vietnam
11.4.9.1 Vietnam CNC Tool & Cutter Grinding Machine Market By Type
11.4.9.2 Vietnam CNC Tool & Cutter Grinding Machine Market By Application
11.4.10 Singapore
11.4.10.1 Singapore CNC Tool & Cutter Grinding Machine Market By Type
11.4.10.2 Singapore CNC Tool & Cutter Grinding Machine Market By Application
11.4.11 Australia
11.4.11.1 Australia CNC Tool & Cutter Grinding Machine Market By Type
11.4.11.2 Australia CNC Tool & Cutter Grinding Machine Market By Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific CNC Tool & Cutter Grinding Machine Market By Type
11.4.12.2 Rest of Asia-Pacific CNC Tool & Cutter Grinding Machine Market By Application
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East CNC Tool & Cutter Grinding Machine Market by Country
11.5.2.2 Middle East CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.3 Middle East CNC Tool & Cutter Grinding Machine Market By Application
11.5.2.4 UAE
11.5.2.4.1 UAE CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.4.2 UAE CNC Tool & Cutter Grinding Machine Market By Application
11.5.2.5 Egypt
11.5.2.5.1 Egypt CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.5.2 Egypt CNC Tool & Cutter Grinding Machine Market By Application
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.6.2 Saudi Arabia CNC Tool & Cutter Grinding Machine Market By Application
11.5.2.7 Qatar
11.5.2.7.1 Qatar CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.7.2 Qatar CNC Tool & Cutter Grinding Machine Market By Application
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.8.2 Rest of Middle East CNC Tool & Cutter Grinding Machine Market By Application
11.5.3 Africa
11.5.3.1 Africa CNC Tool & Cutter Grinding Machine Market by Country
11.5.3.2 Africa CNC Tool & Cutter Grinding Machine Market By Type
11.5.3.3 Africa CNC Tool & Cutter Grinding Machine Market By Application
11.5.2.4 Nigeria
11.5.2.4.1 South Africa CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.4.2 South Africa CNC Tool & Cutter Grinding Machine Market By Application
11.5.2.5 South Africa
11.5.2.5.1 South Africa CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.5.2 South Africa CNC Tool & Cutter Grinding Machine Market By Application
11.5.2.6 Rest of Africa
11.5.2.6.1 Rest of Africa CNC Tool & Cutter Grinding Machine Market By Type
11.5.2.6.2 Rest of Africa CNC Tool & Cutter Grinding Machine Market By Application
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America CNC Tool & Cutter Grinding Machine Market by Country
11.6.3 Latin America CNC Tool & Cutter Grinding Machine Market By Type
11.6.4 Latin America CNC Tool & Cutter Grinding Machine Market By Application
11.6.5 Brazil
11.6.5.1 Brazil CNC Tool & Cutter Grinding Machine Market By Type
11.6.5.2 Brazil CNC Tool & Cutter Grinding Machine Market By Application
11.6.6 Argentina
11.6.6.1 Argentina CNC Tool & Cutter Grinding Machine Market By Type
11.6.6.2 Argentina CNC Tool & Cutter Grinding Machine Market By Application
11.6.7 Colombia
11.6.7.1 Colombia CNC Tool & Cutter Grinding Machine Market By Type
11.6.7.2 Colombia CNC Tool & Cutter Grinding Machine Market By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America CNC Tool & Cutter Grinding Machine Market By Type
11.6.8.2 Rest of Latin America CNC Tool & Cutter Grinding Machine Market By Application
12. Company Profiles
12.1 Vollmer
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Makino Milling Machine Co., Ltd
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Haas Automation, Inc
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 ANCA Pty Ltd
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 ISOG Technology GmbH
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 JTEKT Corp
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Korber AG
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Amada Machine Tools Co., Ltd
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 DANOBAT Group
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 WIDMA Machine Tools
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Rollomatic SA
12.11.1 Company Overview
12.11.2 Financial
12.11.3 Products/ Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 J Schneeberger Maschinen AG
12.12.1 Company Overview
12.12.2 Financial
12.12.3 Products/ Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Gleason Corporation
12.13.1 Company Overview
12.13.2 Financial
12.13.3 Products/ Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View
12.14 Gebr. SAACKE GmbH & Co. KG
12.14.1 Company Overview
12.14.2 Financial
12.14.3 Products/ Services Offered
12.14.4 SWOT Analysis
12.14.5 The SNS View
12.15 Alfred H. Schütte GmbH & Co. KG
12.15.1 Company Overview
12.15.2 Financial
12.15.3 Products/ Services Offered
12.15.4 SWOT Analysis
12.15.5 The SNS View
12.16 JUNKER Group
12.16.1 Company Overview
12.16.2 Financial
12.16.3 Products/ Services Offered
12.16.4 SWOT Analysis
12.16.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases And Best Practices
15. Conclusion
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