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CNC Tool & Cutter Grinding Machine Market

CNC Tool & Cutter Grinding Machine Market Size, Share & Segmentation by Type (Tool & Cutter Grinding Machine, Universal Grinding Machine, Blank and Cylindrical Grinding Machines), by Application (Electrical and Electronics Manufacturing, Aerospace & Defense, Automotive), by Regions and Global Market Forecast 2022-2028

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 3.74 Bn in 2021 and is expected to reach at USD 5.12 Bn by 2028, and grow at CAGR of 4.61% over the forecast period 2022-2028.

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.

CNC Tool & Cutter Grinding Machine Market 2022

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

CNC Tool & Cutter Grinding Machine Market 2022

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.

CNC Tool & Cutter Grinding Machine Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 3.74  Billion
Market Size by 2028 US$ 5.12 Billion
CAGR CAGR 4.61% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 the Ukraine- Russia war

 

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.

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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.

Secondary Research

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.

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