Pune, India -- (SBWIRE) -- 04/26/2018 -- Grinding Machinery Market 2018
Grinding Machinery Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Grinding Machinery Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Grinding Machinery Market by Types (Cylindrical, Surface, Gear, Tool & Cutter and Others), End-User (General Machinery, Automotive Machinery, Precision Machinery, and Others) & by Region - Global Forecast to 2023
The global grinding machinery market is expected to grow at a CAGR of around 4.2% during the period.
Key Players:
Robert Bosch Tool Corporation (Germany), Stanley Black & Decker, Inc. (U.S.), Makita Corporation (U.S.), Hilti Corporation (Liechtenstein), Husqvarna (Sweden), Techtronic Industries Co. Ltd (Hong Kong), Snap-on (U.S.), Hitachi Koki Co. Ltd. (Japan), Festool (Germany), and Otto Baier GmbH (Germany) are some of the leading players operating in this market.
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Grinding Machinery Global Market – Segmentation
By Types
Cylindrical
Surface
Gear
Tool & Cutter
Others
By End-User
General Machinery
Automotive Machinery
Precision Machinery
Others
By Region
Asia Pacific
North America
Europe
Rest of World
Industry News
In October, 2016 – A leading grinding machinery manufacturer developed two new versatile grinding machines Grupos Diferenciales. These newly developed grinders are able to make possible to turn, measure and grind large parts using a high-efficiency process that ensures the highest quality. However, the new developed grinding machines will enhance the company's sustainability in the market, which will result in generating higher growth for the grinding machinery market.
In August, 2017 – Gleason expanded its presence in India market. The reason behind this expansion is that, Gleason is doing exceptionally well in the Indian market and to increase its customer base, the company has come up with this decision. The new expansion is going to establish in Bangalore. With this expansion, the global grinding machinery market would be generating higher growth in the market and will enhance the company's position.
Market Synopsis of Global Grinding Machinery
Grinding Machinery is used for the common form of abrasive machining. The process involves material cutting which consists of an abrasive tool whose cutting elements are grains of abrasive material known as grit. These grits are characterized by sharp cutting points, high hot hardness, and wear resistance.
The growth of global grinding machinery market can majorly be attributed to growing global automotive industry and rising demand from end-use industries. Also, the growing number of innovation in grinding machines, is expected to boost the market growth. Several companies have continuously been focusing on evolving grinding machinery market by developing technologically advanced grinding machines. This has led to the introduction of advance machinery that helps in the manufacture of precise and accurate products in lesser time and at lower costs.
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