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.
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.
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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 2030, 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.
By Type
Tool & Cutter Grinding Machine
Universal Grinding Machine
Blank and Cylindrical Grinding Machines
By Application
Electrical and Electronics Manufacturing
Aerospace & Defense
Automotive
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REGIONAL ANALYSIS:
By 2030, 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.
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
The major players 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, and others In Final Report
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 | 2020-2021 |
| 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 (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. |
| Key Drivers | •Manufacturing Sector Development. •The Automotive Industry is Growing. |
| Restraints | •High Capital investment. •Required Skilled labor. |
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
10.2 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
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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