Market size and outlook: USD 4.72B (2018) → USD 9.01B by 2032; CAGR 4.4%.
Regional insight: Asia Pacific led with 55.51% share in 2018.
Growth drivers: Rising adoption of CNC grinding machines, Industry 4.0 and industrial automation, demand for high surface quality, improved thermal stability (better chillers/heaters), and modernization for flexibility/speed.
Technology trends/examples: Multi-wheel setups enabling single-setup processing (e.g., Studer by United Grinding North America), in-process gaging and higher headstock RPM (e.g., ANCA).
Segmentation:
By product: CNC (cylindrical, surface, others like centerless/gear) and conventional.
By application: Automotive, general machinery, precision machinery, transport machinery, others.
Report metadata: Last updated April 28, 2025; Report ID: FBI101950.
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