Oct 21, 2022   SOURCE: BusinessWire

Global Grinding Machinery Market Report 2022: Substantial Growth in the Construction Industry Bolsters Sector - ResearchAndMarkets.com

The "Global Grinding Machinery Market Size, Trends and Growth Opportunity, By Type, By Application, By Distribution Channel, By Region and Forecast to 2027." report has been added to ResearchAndMarkets.com's offering.

Global Grinding Machinery Market

The Global Grinding Machinery Market was valued at US$ 5,393. 20 million in 2021 and it is expected to reach at US$7998.10 million in 2027 at a CAGR of 5.42% during forecast period 2022-2027.

Machines for grinding wheels are used to give metals and other materials fine finishes and light cuts. The size and texture of the wheels varies, and they are constructed from a variety of diamonds, stones, and other materials. To polish tools and other equipment, grinding machines are helpful. Significant sales opportunities in the global market for grinding machinery are anticipated to result from the spike in industrial automation across several developed nations. As a result, it is predicted that demand for grinding equipment will rise significantly throughout the forecast time.

Market Drivers

The worldwide construction industry has had tremendous growth, which is encouraging the market. Due to their dependability, usability, and higher operating efficiency, grinding machines are widely used.

Accordingly, the extensive use of products in shopping centres and workplaces for removing paint and adhesive, enhancing the appearance, functionality, and interior design, as well as repairing and restoring the floor, is promoting market expansion. The market is expanding as a result of the increased need for adaptable, user-friendly remote-controlled floor grinding machines.

Market Restraints

The high cost of manufacturing machinery is the key barrier to market expansion. The high cost of production and maintenance adds to the price of grinding equipment and restrains market expansion. The market expansion for grinding machines is negatively impacted by the considerable danger of machine exposures. Over the course of the forecast period, this factor is anticipated to present a challenge for the market for grinding machinery.

Market Segmentation

The global grinding machinery market segmented into type, application and distribution channel. By type it segmented into cylindrical, surface, gear, tool & cutter, and others. By application it segmented into aerospace & defense, automotive, electrical & electronics, shipbuilding, and others. By distribution channel it segmented into online and offline.

Market Taxonomy

By Type

  • Cylindrical
  • Surface
  • Gear
  • Tool & Cutter
  • Others

By Application

  • Aerospace & Defense
  • Automotive
  • Electrical & Electronics
  • Shipbuilding
  • Others

By Distribution Channel

  • Online
  • Offline

Key Question Addressed by the Report

  • What are the Key Opportunities in Global Grinding Machinery Market?
  • What will be the growth rate from 2022 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the role of key players in the value chain?
  • What is the competitive Landscape in the industry?

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Grinding Machinery Market Outlook

5 Global Grinding Machinery Market, By Type

6 Global Grinding Machinery Market, By Application

7 Global Grinding Machinery Market, By Distribution Channel

8 Global Grinding Machinery Market, By Region

9 North America Grinding Machinery Analysis and Forecast (2022-2027)

10 Europe Grinding Machinery Market Analysis and Forecast (2022-2027)

11 Asia Pacific Grinding Machinery Market Analysis and Forecast (2022-2027)

12 Latin America Grinding Machinery Market Analysis and Forecast (2022-2027)

13 Middle East Grinding Machinery Market Analysis and Forecast (2022-2027)

14 Competitive Analysis

15 Company Profiles

Companies Mentioned

  • Rieter (Switzerland)
  • Saurer Intelligent Technology AG (Switzerland)
  • Murata Machinery USA Inc. (U.S.)
  • LAKSHMI MACHINE WORKS LIMITED. (India)
  • Trutzschler (Switzerland)
  • KIRLOSKAR TOYOTA TEXTILE MACHINERY PVT LTD. (India)
  • A.T.E. Private Limited (India)
  • Itema S.p.A. (Italy)
  • Marzoli Grinding Solutions (Italy)
  • and Savio Macchine Tessili S.p.A. (Italy).

For more information about this report visit https://www.researchandmarkets.com/r/hqnie1