Grinding Machinery Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, Italy - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 161 SKU: IRTNTR41660

Global Grinding Machinery Market Forecast 2024-2028

The Global Grinding Machinery Market size is estimated to grow by USD 1.61 billion at a Compound annual growth rate (CAGR) of 5.7% between 2023 and 2028. The Global Grinding Machinery Market is buoyed by various key drivers. With the automotive industry experiencing robust growth globally, there's a heightened demand for precision components, boosting the need for grinding machinery. Additionally, the expansion of manufacturing and industrialization further fuels market growth as industries seek efficient solutions for surface finishing. Moreover, the escalating demand for superior surface finish and aesthetics in components across various sectors propels the adoption of grinding machinery, highlighting its indispensable role in achieving desired product quality standards. This market research and growth report also includes key market drivers, trends, and challenges during the forecasted period.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

Type Segment Analysis

The CNC grinding machine segment is estimated to witness significant growth during the forecast period. There is a growing popularity for computer numerical control or CNC grinding machines in various industries due to their high level of precision, efficiency, and versatility. In addition, CNC machines can achieve extremely high levels of precision and accuracy, making them ideal for applications that require tight tolerances and fine surface finishes.

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The CNC grinding machine segment was the largest segment and was valued at USD 3.62 billion in 2018. Moreover, this is crucial in end-user industries, such as aerospace, medical devices, and automotive manufacturing. In addition, CNC machines are fully automated, enabling consistent and repeatable results. Furthermore, this minimizes the chances of human error, leading to more reliable and cost-effective production processes. In addition, CNC grinding machines are known for their high-speed operation and ability to work round-the-clock, which improves productivity and allows manufacturers to meet demanding production schedules. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period. 

Regional Analysis

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APAC is estimated to contribute 41% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  One of the main manufacturing hubs of the world is APAC with almost every product being manufactured and exported worldwide for use and consumption. In addition, there is an increase in demand for machine tools, such as grinding machinery, is attributed to the growth in the automotive and industrial sectors in the region. Moreover,  South Korea, China, Japan, India, Taiwan, and Singapore are the major contributors to the growth of the regional grinding machinery market. Furthermore, the growing demand from industries such as automotive, aerospace, and defense in APAC is positively impacting the market. For example, in 2021, APAC dominated the region-wise vehicle assembly industry, where the use of grinding machinery is widespread. Hence, such factors will drive the market growth in the region during the forecast period.

Market Dynamics

The market is witnessing significant growth attributed to the expanding manufacturing sector, fueled by advancements in technology and industrial automation, particularly in the aerospace and medical industries, where precision grinders and CNC-based grinding machines play a vital role in producing high-precision components like crankshafts, camshafts, and gearbox components, ensuring surface quality, dimensional accuracy, and tight tolerances to meet exact geometries and safety standards, thus enhancing safety and performance across modern industrial processes while promoting energy efficiency and globalization through additive manufacturing techniques. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.  

Key Market Driver 

The primary driver of the market is the growth in the global automotive industry, with the automotive sector being a major end-user of grinding machines. As the automotive industry continues to expand and innovate, the need for precision and efficient machines for crucial applications like engine components, gearboxes, and brakes escalates. Precision components are paramount for ensuring the reliability, efficiency, and safety of vehicles.

Machines play a pivotal role in producing high-precision automotive parts such as crankshafts, camshafts, and gearbox components, maintaining stringent standards for surface quality and dimensional accuracy. Automakers, in their pursuit of improved fuel efficiency and reduced vehicular weight, are increasingly utilizing advanced materials like lightweight alloys and composites. This trend fuels the adoption of machines capable of processing these materials efficiently while preserving structural integrity and minimizing vehicle weight. These factors contribute to market growth, driven by advancements in technology and the demand for quality and precision across various industries, including aerospace, medical devices, and electronics, where tight tolerances, smooth surface finishes, and exact geometries are essential for safety, performance, and modern industrial processes. Additionally, the incorporation of automation features and additive manufacturing further enhances manufacturing efficiency and meets the evolving needs of the expanding manufacturing sector worldwide.

Significant Market Trends

The integration of Industry 4.0 principles into grinding machines is a primary trend in the market. This comprises incorporating technologies such as the IoT, data analytics, and artificial intelligence to enhance automation, process control, and predictive maintenance. In addition, grinding machines equipped with sensors and IoT technology enable real-time monitoring of key parameters like temperature, vibration, and wear.

Moreover, this data is then used to adjust and control the process for optimal performance. In addition, Industry 4.0 solutions facilitate predictive maintenance, where data analysis and machine learning algorithms predict if and when a machine may require maintenance. Furthermore, this minimizes downtime and reduces the risk of unexpected breakdowns. Hence, such factors are positively impacting the market. Therefore, it is expected to drive market growth and trends during the forecast period.

Major Market Challenge

The fluctuations in raw material prices are a major market challenge. The price volatility of raw materials, including steel and components, can have an impact on the overall cost of grinding machines. In addition, raw materials are a significant component in the overall cost of production of grinding machines. Furthermore, when the prices of these materials rise, it can increase the overall production cost, potentially leading to higher machine prices for end-users.

Moreover, fluctuations in raw material prices can lead to supply chain disruptions, as manufacturers may face challenges in securing a consistent and cost-effective supply of essential components. In addition, end-users of grinding machines, including manufacturers in the automotive, aerospace, and machinery industries, can be sensitive to such fluctuations in raw material prices. As a result, it can influence their decisions to invest in new equipment. Hence, such factors are hindering the grinding machinery market industry growth during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Amada Co. Ltd: The company offers grinding machinery such as GLS 150GL UP, DPG 150, and DV 1.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ANCA Pty Ltd., DMG MORI Co. Ltd., Erwin Junker Maschinenfabrik GmbH, FALCON MACHINE TOOLS Co. Ltd., FIVES SAS, Hardinge Inc., JTEKT Machinery Americas Corp., Makino Inc., Mitsubishi Heavy Industries Ltd., MONDRAGON Corp., MTI Technology, Okuma Corp., Phillips Machine Tools India Pvt. Ltd., FFG European and American Holdings GmbH, Geo Kingsbury Machine Tools Ltd, KEHREN GmbH, Lecn Anhui Co., Ltd., Master Abrasives Ltd., and UNITED GRINDING North America, Inc.

Technavio's market analysis and report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

The market is integral to various industries, including automotive, aerospace, medical, and electronics. With insights from the National Automobile Dealers Association (NADA), demand is influenced by trends in new vehicle sales, particularly for components like crankshafts, camshafts, and gearbox components. In the industrial manufacturing segment, precision is paramount, driving the need for high-precision components with exceptional surface quality and dimensional accuracy. The market thrives on advancements in technology, with CNC-based grinding machines and automation enhancing production processes to deliver high-quality final products. This market reflects the ongoing industrial automation trend, catering to diverse end-use industries through both online and offline distribution channels. The industry's focus on energy efficiency, sustainability, and precise machining underscores its importance in modern industrial processes.

The market is witnessing significant growth driven by the increasing demand for precision and efficiency across various industries, such as the Aerospace industry, Medical industry, and Manufacturing sector. With the rise of Automation in production processes and the adoption of advanced technologies like Computer numerical control (CNC) systems and Additive manufacturing, the market offers a wide range of grinding equipment catering to specific needs. The Precision grinders segment ensures Quality and precision in output, delivering Smooth surface finishes and Exact geometries required by industries like the Electronics industry and Aerospace & Defense industry. As the Manufacturing sector continues to expand, there is a growing emphasis on Safety and performance, driving the demand for Replacement and upgradation of grinding machines.

The market's reach extends to Emerging economies, facilitated by Online distribution channels and Multi-brand e-commerce websites. The grinding machine market is experiencing robust growth globally, spurred by factors such as Globalization and trade fostering the exchange of advanced technologies and equipment. Industries like the Medical Devices industry are increasingly adopting grinding machines equipped with Automation features to enhance efficiency and precision. The advent of 3D printing has revolutionized manufacturing processes, impacting segments such as Cylindrical, Surface, Gear, and Tool and Cutter grinding machines. These machines cater to diverse industries, including the Electrical & Electronics and Shipbuilding industry, where surface smoothness and precision are critical.

Segment Overview

The market trends and analysis forecast market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook 
    • CNC grinding machine
    • Conventional grinding machine
  • Application Outlook 
    • Automotive
    • Industrial machinery
    • Precision machinery
    • Others
  • Geography Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Grinding Machinery Market Scope

Market Report Coverage

Details

Page number

161

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.7%

Market Growth 2024-2028

USD 1.61 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.13

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 41%

Key countries

US, China, Japan, Germany, and Italy

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Amada Co. Ltd., ANCA Pty Ltd., DMG MORI Co. Ltd., Erwin Junker Maschinenfabrik GmbH, FALCON MACHINE TOOLS Co. Ltd., FIVES SAS, Hardinge Inc., JTEKT Machinery Americas Corp., Makino Inc., Mitsubishi Heavy Industries Ltd., MONDRAGON Corp., MTI Technology, Okuma Corp., Phillips Machine Tools India Pvt. Ltd., FFG European and American Holdings GmbH, Geo Kingsbury Machine Tools Ltd, KEHREN GmbH, Lecn Anhui Co., Ltd., Master Abrasives Ltd., and UNITED GRINDING North America, Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting market  between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market forecasting across APAC, Europe, North America, South America, and the Middle East and Africa
  • Our market growth analysis report includes a thorough analysis of the market’s competitive landscape and detailed information about companies
  • Market forecasting of factors that will challenge the growth of the key market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global grinding machinery market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global grinding machinery market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 CNC grinding machine - Market size and forecast 2023-2028
      • Exhibit 34: Chart on CNC grinding machine - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on CNC grinding machine - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on CNC grinding machine - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on CNC grinding machine - Year-over-year growth 2023-2028 (%)
    • 6.4 Conventional grinding machine - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Conventional grinding machine - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Conventional grinding machine - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Conventional grinding machine - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Conventional grinding machine - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Automotive - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.4 Industrial machinery - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Industrial machinery - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Industrial machinery - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Industrial machinery - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Industrial machinery - Year-over-year growth 2023-2028 (%)
    • 7.5 Precision machinery - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Precision machinery - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Precision machinery - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Precision machinery - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Precision machinery - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 64: Market opportunity by Application ($ million)
      • Exhibit 65: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Italy - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Italy - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on Italy - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on Italy - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Italy - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Amada Co. Ltd.
              • Exhibit 119: Amada Co. Ltd. - Overview
              • Exhibit 120: Amada Co. Ltd. - Business segments
              • Exhibit 121: Amada Co. Ltd. - Key offerings
              • Exhibit 122: Amada Co. Ltd. - Segment focus
            • 12.4 ANCA Pty Ltd.
              • Exhibit 123: ANCA Pty Ltd. - Overview
              • Exhibit 124: ANCA Pty Ltd. - Product / Service
              • Exhibit 125: ANCA Pty Ltd. - Key offerings
            • 12.5 DMG MORI Co. Ltd.
              • Exhibit 126: DMG MORI Co. Ltd. - Overview
              • Exhibit 127: DMG MORI Co. Ltd. - Business segments
              • Exhibit 128: DMG MORI Co. Ltd. - Key offerings
              • Exhibit 129: DMG MORI Co. Ltd. - Segment focus
            • 12.6 Erwin Junker Maschinenfabrik GmbH
              • Exhibit 130: Erwin Junker Maschinenfabrik GmbH - Overview
              • Exhibit 131: Erwin Junker Maschinenfabrik GmbH - Product / Service
              • Exhibit 132: Erwin Junker Maschinenfabrik GmbH - Key offerings
            • 12.7 FALCON MACHINE TOOLS Co. Ltd.
              • Exhibit 133: FALCON MACHINE TOOLS Co. Ltd. - Overview
              • Exhibit 134: FALCON MACHINE TOOLS Co. Ltd. - Product / Service
              • Exhibit 135: FALCON MACHINE TOOLS Co. Ltd. - Key offerings
            • 12.8 FIVES SAS
              • Exhibit 136: FIVES SAS - Overview
              • Exhibit 137: FIVES SAS - Business segments
              • Exhibit 138: FIVES SAS - Key offerings
              • Exhibit 139: FIVES SAS - Segment focus
            • 12.9 Geo Kingsbury Machine Tools Ltd
              • Exhibit 140: Geo Kingsbury Machine Tools Ltd - Overview
              • Exhibit 141: Geo Kingsbury Machine Tools Ltd - Product / Service
              • Exhibit 142: Geo Kingsbury Machine Tools Ltd - Key offerings
            • 12.10 Hardinge Inc.
              • Exhibit 143: Hardinge Inc. - Overview
              • Exhibit 144: Hardinge Inc. - Key offerings
            • 12.11 JTEKT Machinery Americas Corp.
              • Exhibit 145: JTEKT Machinery Americas Corp. - Overview
              • Exhibit 146: JTEKT Machinery Americas Corp. - Product / Service
              • Exhibit 147: JTEKT Machinery Americas Corp. - Key offerings
            • 12.12 Lecn Anhui Co., Ltd.
              • Exhibit 148: Lecn Anhui Co., Ltd. - Overview
              • Exhibit 149: Lecn Anhui Co., Ltd. - Product / Service
              • Exhibit 150: Lecn Anhui Co., Ltd. - Key offerings
            • 12.13 Makino Inc.
              • Exhibit 151: Makino Inc. - Overview
              • Exhibit 152: Makino Inc. - Business segments
              • Exhibit 153: Makino Inc. - Key offerings
              • Exhibit 154: Makino Inc. - Segment focus
            • 12.14 Mitsubishi Heavy Industries Ltd.
              • Exhibit 155: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 156: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 157: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 158: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 159: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.15 MONDRAGON Corp.
              • Exhibit 160: MONDRAGON Corp. - Overview
              • Exhibit 161: MONDRAGON Corp. - Business segments
              • Exhibit 162: MONDRAGON Corp. - Key offerings
              • Exhibit 163: MONDRAGON Corp. - Segment focus
            • 12.16 Okuma Corp.
              • Exhibit 164: Okuma Corp. - Overview
              • Exhibit 165: Okuma Corp. - Business segments
              • Exhibit 166: Okuma Corp. - Key offerings
              • Exhibit 167: Okuma Corp. - Segment focus
            • 12.17 UNITED GRINDING North America, Inc.
              • Exhibit 168: UNITED GRINDING North America, Inc. - Overview
              • Exhibit 169: UNITED GRINDING North America, Inc. - Product / Service
              • Exhibit 170: UNITED GRINDING North America, Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              grinding machinery market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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