Market Updates Grinding Machines Market Analysis by Sales 2022 | Page 2

A bench grinder is used to perform finishing and roughing operations and is manually operated machine which normally has two wheels of dissimilar grain sizes that are fixed on a work bench or floor stand . It is mainly used to shape and repair various tools . A belt grinder comprises a machining process to grind metals and different materials , with the help of coated abrasives . It is a flexible process that encompasses several kinds of applications such as finishing and stock removal .
A jig grinder is used for finishing dies , jigs , and fixtures . It grinds holes and used for finishing work and complicated surface grinding . It is used to eliminate the last few inches of material while manufacturing high accuracy gears . Technology advancements in grinding machines are rapidly transforming the grinding process , making it more
productive and automated . With latest software , sophisticated CNCs , and increasing number of axes being made available on advanced grinding devices , a particular machine can now accomplish multiple grinding functions . One of the most important developments in CNC grinding is the new control technology that permits closed loop grinding and enables easy running of machines . Accurate and high speed grinding machines are increasing in demand , given the stringent end-user quality standards for finished products . Aggressive advertising in emerging nations and stating the benefits of grinding machines in the manufacturing sector has generated awareness and augmented the demand for these machines . Various global grinding machine vendors are setting up exhibitions and demonstration centers in the region to upsurge their market reach .
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One of the key market drivers for the global market of grinding machine is the need for cost reduction in product advancement . An indefinite economic atmosphere is affecting organizations across industries to look for resolutions that can lessen their production costs and put a halt to their declining profit margins , and this is leading to an upsurge in the adoption of grinding machines . Few other key drivers include increasing prosthetic surgeries implemented worldwide drives demand for precise grinding machine for orthotics and prosthetics , focus on rigid consumer quality criterions and precision engineering for the finished products aids trades of advanced Computer Numerical Control grinding machine , and automated machines with several grinding functions to observe strong acceptance in significant end use sectors . Lack of skilled labor in automation and tough grinding works in the automotive industry fuels the enduser preference for precision automotive center less grinding machines , and diamond grinding wheels .
Further , one of the major challenges the global market for grinding machine faced are the high cost of grinding machines . Heavy initial cost of grinding machines beside high training costs is acting as a barrier to their adoption of grinding machines . The global grinding machine market captures three end user industries for revenue consideration which are automotive , precision machinery and general machinery . The key market players for the global grinding machine include ANCA , Junker , Amada Machine Tools , and Danobat while other prominent vendors include Okuma , WMW Machinery , Auntania , Gleason , Fives Cinetic , Taiyo Koki , JTEKT , and Korber . Geographically the global market for grinder machine is segmented into North America , Asia Pacific , Middle East and Asia , Europe and Latin America , while the Key regions for this market are North America , Asia Pacific and Middle East and Africa . Asia Pacific signifies the largest worldwide market and it also represents the fastest emerging market over the forecast period . Rapid