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.
Manufacturing Sector Development.
The Automotive Industry is Growing.
High Capital investment.
Required Skilled labor.
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.
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:
Tool & Cutter Grinding Machine
Universal Grinding Machine
Blank and Cylindrical Grinding Machines
Electrical and Electronics Manufacturing
Aerospace & Defense
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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.
|Market Size in 2022||US$ 3.91 Billion|
|Market Size by 2030||US$ 5.61 Billion|
|CAGR||CAGR 4.61% From 2023 to 2030|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 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
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
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
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