Report Id: SNS/EQIP/1180 | May 2022 | Region: Global | 120 Pages
Report Scope & Overview:
CNC Tool & Cutter Grinding Machine Market size was valued at USD 3.91 Bn in 2022 and is expected to reach at USD 5.61 Bn by 2030, and grow at CAGR of 4.61% over the forecast period 2023-2030.
Tool and cutter grinding machines with computer numerical control (CNC) are used to sharpen milling cutters, tool bits, and other cutting tools. These machines are flexible, and they may be used to grind a range of surfaces, cylindrical forms, and complicated shapes. By automating the whole process, these devices increase production rates. The automated tool loading capability and the ability to use several grinding wheels increase productivity. To make diverse components, these instruments employ computer-aided design (CAD) and computer-aided manufacturing (CAM) software.
MARKET DYNAMICS:
KEY DRIVERS:
Manufacturing Sector Development.
The Automotive Industry is Growing.
RESTRAINTS:
High Capital investment.
Required Skilled labor.
OPPORTUNITY:
The Internet of Things (IoT) and machine learning's ongoing growth.
Following that, CNC machines were used to mass-produce components.
IMPACT OF COVID-19:
The pandemic has been labeled a healthcare emergency, and as a result, the world's strong healthcare service providers and infrastructures are failing, causing an increase in the level of suffering. Rising pandemic cases are being taken into account, and worldwide governments are working on preventing the virus from spreading. As a result, worldwide governments were obliged to establish legislation and implement harsh restrictions that would have an impact on the functioning but might assist slow the spread of the epidemic internationally. However, the tight restrictions adopted, such as the lockdown, had a significant influence on market functioning, resulting in a substantial disruption in the worldwide market's supply chain mechanism. Furthermore, the market has been plagued by manufacturing and production challenges, which have acted as a fundamental fault and resulted in lower demand. During the projected period, which ends in 2028, demand is also declining due to shifting market trends and tastes of the worldwide audience. As a result, worldwide CNC Tool & Cutter Grinding Machine Market companies are recognizing shifting trends and investing in research and development. This is a critical step that will assist the market in developing new and creative products and launching them on a global basis.
MARKET ESTIMATION:
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.
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.
KEY MARKET 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:
By 2028, the Asia Pacific market is predicted to have the largest share of the industry. During the predicted period, it is expected to expand at a positive rate. Market demand is expected to be boosted by the presence of subsidiaries of major consumer electronics, automobile, and machine tool manufacturers. The rate of growth is aided by consistent growth and demand throughout China, South Korea, Japan, and India's economies.
Because of the existence of numerous heavy industries in the region, the North American market has significant development potential. The market growth might be aided by investments in the aerospace, defense, and automotive industries, as well as robust distribution channels.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
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.
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 3.91 Billion |
Market Size by 2030 | US$ 5.61 Billion |
CAGR | CAGR 4.61% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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 (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | 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. |
Key Drivers | •Manufacturing Sector Development. •The Automotive Industry is Growing. |
Restraints | •High Capital investment. •Required Skilled labor. |
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the CNC Tool & Cutter Grinding Machine market is 2022-2028.
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: - Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. CNC Tool & Cutter Grinding Machine Market Segmentation, by Type
8.1Tool & Cutter Grinding Machine
8.2Universal Grinding Machine
8.3Blank and Cylindrical Grinding Machines
9. CNC Tool & Cutter Grinding Machine Market Segmentation, by Application
9.1 Electrical and Electronics Manufacturing
9.2 Aerospace & Defense
9.3 Automotive
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Vollmer
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Makino Milling Machine Co., Ltd
11.3 J Schneeberger Maschinen AG
11.4 Haas Automation, Inc.,
11.5 ANCA Pty Ltd.
11.6 DANOBAT Group
11.7 ISOG Technology GmbH
11.8 JTEKT Corp
11.9 Korber AG
11.10 Amada Machine Tools Co., Ltd.
11.11 Gebr. SAACKE GmbH & Co. KG
11.12 WIDMA Machine Tools
11.13 Rollomatic SA
11.14 Alfred H. Schütte GmbH & Co. KG
11.15 Gleason Corporation,
11.16 JUNKER Group
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusio
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.