London, 08 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Grinding Machine Market 2015-2019, which is expected to post a CAGR of 6.47 percent during the period 2014-2019.
The demand for grinding machines is expected to increase because of the need for products with increased dimensional accuracy and the need for faster time-to-market. Several companies have started to deploy high-speed computer numerical control grinding machines such as surface grinders, internal grinders, external grinders, and special purpose grinding machines (vertical grinding centers, submicron grinders) to reduce lead time. The effective deployment of such grinding machines enables organizations to develop products with superior quality. This helps them to achieve higher customer satisfaction levels.
“Although the demand for grinding machines mostly comes from the General Machinery, Automotive, and Precision Machinery industries, companies from other industries have started to investigate the benefits of investing in grinding machines,” says Faisal Ghaus, Vice President of TechNavio.
“Grinding machines are now being used in the development of wind power systems and the manufacturing of turbines. The effective deployment of grinding machines enables organizations to scale up their productivity and overall efficiency.”
Key Market Drivers
- Need for Cost Reduction in Product Development
- Need for Products with Increased Dimensional Accuracy
- Increased Outsourcing and Investments in Developing Countries
- Improved Financial Condition of End-user Industries
Key Market Trends
- Aggressive Marketing in Developing Countries
- Increase in Adoption of Grinding Machines across Industrial Sectors
- Steady Replacement of Older Machines
Key Market Vendors
- Amada Machine Tools Co., Ltd
- ANCA Pty. Ltd
- Danobat Group
- Junker Group
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
