TechNavio today launched its report Global Grinding Machine Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC region. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”In the past few years, there has been a rapid increase in the competition among grinding machine vendors in the market. This increase in competition leads to a decrease in the overall price of grinding machines. Consequently, there is a growing price war among the players in the market. Moreover, with the advancement of technology, the cost of developing grinding machines is falling. It is also declining because of the large number of vendors with a variety of pricing strategies which are aimed at capturing significant shares in the market. Furthermore, vendors are focusing on the development of economically priced products in an attempt to tap the Micro, Small, and Medium-scale Enterprise (MSME) sector.”
According to the report, one of the main drivers for this market is the need for products with enhanced dimensional accuracy. Grinding machines are deployed across industries for developing superior quality products.
Further, the report also discusses that one of the main challenges in the market is the high cost of grinding machines.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-grinding-machine-market-2011-2015
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TechNavio Announces the Publication of its Report – Global Grinding Machine Market 2011-2015
