Grinding Machinery: A Global Strategic Business Report
San Jose, California (PRWEB) February 11, 2010
Grinding machines market is a mature market worldwide characterized by stabilizing growth patterns. The relatively sedate growth pattern displayed by the market mirrors the high level of technology penetration. A significant percentage of new innovations are almost always based on already existing technologies, thus making just a fine line of distinction between what is conventional and what is really new in grinding technologies. Most new product models simply feature control modifications and changes in product designs and materials. The upcoming years will witness innovation being focused largely on customizing products, and existing technologies to meet the requirements of newer applications, such as, in wind power systems, and oil and gas industry. North America is especially forecast to record increases in demand from the aforementioned application areas, given the fact that wind energy generation is fastest growing in the United States. The proposed additions to the currently installed capacity in the country offer significant opportunities for growth of grinding machines.
Europe and Asia-Pacific collectively account for nearly two-thirds of the worldwide grinding machines market, as stated by the new market research report on Grinding Machines. Demand for surface grinding machines after posting years of steady growth driven largely by replacements of traditional machine tools, and early 2000s boom of the automotive, and aerospace and defense industry, is now forecast to slowdown tempered by market maturity, global economic slowdown, and the prolonged state of doldrums of the automotive industry. On the bright side, investments in building energy infrastructure, and upgrading of aging utilities will offer opportunities for growth for surface grinding machines.
The market is especially expected to benefit from the modernizing projects underway in the several developing countries. Market for cylindrical grinding machines, which suffered in the recent past due to a sharp decrease in demand from the automotive industry, despite healthy demand from the aircraft manufacturing industry, is poised to witness stabilizing growth in the upcoming years. Key factors expected to drive future growth include strong and promising opportunities in the energy industry (specifically wind power), and in the turbine manufacturing industry. Demand for NC (Numerically Controlled) and CNC (Computer Numerically Controlled) grinding machines will be driven by Asian countries, where increased manufacturing, modernization and expansion activity in the aircraft manufacturing industry is imminent, thanks to promising expansion in air travel, and overall economic growth.
Key players dominating the global grinding machines market include Aba z&b Schleifmaschinen GmbH, Amada Co Ltd, ANCA Inc, Fives Cinetic SA, Gleason Corporation, Jtekt Corporation, L. Kellenberger & Co. AG, Okuma Corporation, Schleifring Group, Taiyo Koki Co Ltd, Toshiba Machine Co Ltd, United Grinding Technologies, and WMW Machinery Company, among others.
The report titled "Grinding Machinery: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, key market trends, product introductions/innovations, profiles of major players and recent industry activity. The report analyzes market data and provides analytics in value sales for regions such as US, Canada, Europe, Asia Pacific, and Rest of World.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Grinding_Machinery_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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