Robust Manufacturing Activity in Developing Countries Drives the Global Grinding Machines Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) May 07, 2014 -- Follow us on LinkedIn – Grinding machines represent indispensable machine tools used in finishing processes in almost all industrial and manufacturing facilities. Grinders are used for roughing as well as finishing flat, conical and cylindrical surfaces; sharpening and forming substrates; removing or snagging rough projections taken from stampings and castings as well as polishing, buffing and cleaning surfaces. Rapid economic development, industrialization, expansion in manufacturing bases, and massive investments in machinery were largely responsible for the market’s strong evolution over the years. Future growth will be led by strong GDP gains in developing countries and capital investments in the manufacturing sector.
With growth in the market strongly linked to industrial production, the world economic recession weakened sales of grinding machines during the year 2008-2009. However, the sheer diversity of application areas, ranging from aerospace and automobile manufacturing to electronics, construction, medical, mining and oil exploration ensured the market’s quick recovery in the year 2010. Currently, encouraging gains in global manufacturing as well as improvements in global GDP performance in key geographic markets are signaling an optimistic market outlook for the immediate term. Increase in construction spends in both developed as well as developing markets, rebounding automotive production, and rapid industrialization are all contributing towards augmenting demand for grinding machines. In the medical devices manufacturing sector, growing demand for prosthetics is driving the need to upgrade outdated production technologies with new and advanced CNC tool grinders.
Technology advances in grinding machines are fast transforming the grinding process, making it more automated and productive. With sophisticated CNCs, latest software and growing number of axes being made available on advanced grinding devices, a single machine can now perform multiple grinding functions. One of the most significant developments in CNC grinding is the new control technology that enables closed-loop grinding and facilitates easy running of machines. High-speed and accurate grinding machines are growing in demand, given the stringent end-user quality standards for finished products.
As stated by the new market research report on Grinding Machines, Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market with a CAGR of 10.2% over the analysis period. Population growth, rapid urbanization, growing GDP, robust domestic demand for goods and services, industrialization, and strong electronics, construction and automotive industries, represent key growth drivers in the region.
Key players covered in the report include Amada Co Ltd., Amada Machine Tools America Inc., ANCA Pty. Ltd., Danobat Group, ELB -SCHLIFF Werkzeugmaschinen GmbH, Aba Grinding Technologies GmbH, Aschaffenburg, Erwin Junker Maschinenfabrik GmbH, Fives Cinetic SA, Gleason Corporation, Jtekt Corporation, L. Kellenberger & Co. AG, Jones & Shipman Hardinge Limited, Körber AG, Kent Industrial Co. Ltd., Mitsubishi Machine Tools Inc., Okuma Corporation, Pietro Carnaghi S.p.A., Qinchuan Machine Tool & Tool Group Co. Ltd., Schleifring Group, Shanghai Machine Tool Works Ltd., United Grinding Technologies, Taiyo Koki Co. Ltd., Toshiba Machine Co. Ltd., and WMW Machinery Company, among others.
The research report titled “Grinding Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, regulations, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of Asia-Pacific), the Middle East & Africa, and Latin America (Brazil and Rest of Latin America). Product segments analyzed in the report include Surface Grinding Machines, Cylindrical Grinding Machines, Center-less Grinding Machines, and Other Grinding Machines.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Grinding_Machinery_Grinding_Machines_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]
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