Roll Grinding Machine Market Size, Share, Growth, And Industry Analysis, By Type (CNC and Non-CNC), By Application (Machinery Processing, Metal Processing, Paper Industry, Steel Industry), Regional Forecast To 2031

Updated On: 29 April 2024

Roll Grinding Machine Market Report Overview

• 

• to learn more about this report

The global roll grinding machine market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

In order to grind smooth and textured rolls to extremely tight tolerances, roll grinding machines, also known as roll grinders, are high-precision devices that are commonly installed in steel, aluminum, and paper mills as well as precision machine shops. They initially have a similar appearance to a lathe, but in practice they must attain significantly tighter tolerances because the precision of the metal or paper that will be generated through the rolls in the factory is determined by the rolls that are produced by the grinder. Rolls can weigh up to 400 tones and have a length of up to 10 meters.

When installed in settings where there is a high risk of shock and vibration within the ground impairing the machine's performance, roll grinders frequently need to provide above 97% availability in order to keep the rolling mill production lines running. Heavy rolling mill equipment, lathes, turning, and milling machines, impact machinery, materials handling machineries such as forklift trucks and overhead gantry cranes, and even big objects being unintentionally dropped nearby can cause such disturbances. Any of these hiccups could reduce accuracy or perhaps leave stains and flaws on the film.

COVID-19 Impact: Pandemic decreased the CSP market demand

The global roll grinding machine market share for grinding machines would increase by a projected to increase during the analysis period, driven by a revised compound annual growth rate (CAGR) of 3.1%, notwithstanding the COVID-19 situation and the impending economic slump. One of the segments examined and estimated in this study, Grinding Machines is anticipated to develop a substantial CAGR of the analysis period. The coronavirus pandemic has sparked a sequence of unexpected events that have affected every industry, making this a unique time in history.

Latest Trends

"Automobile industry and technological developments to fuel market growth"

There will likely be a significant increase in grinding machine sales due to the automobile industry's demand, notably for tool manufacturing. Also, as high accuracy is possible with the aid of CNC grinding machines, rising consumer demand for effective and exact products is projected to promote grinding machine sales. The global roll grinding machine market growth is impacted by the construction industry as a result of increased infrastructural activities worldwide. The market's expansion is anticipated to be further fueled by this. Also, a number of technological developments in grinding machine design and composite material usage are attributed to positively impacting the market for grinding machines during the course of the assessment period.

Roll Grinding Machine Market Segmentation

• 

• to learn more about this report

• By Type Analysis

According to type, the market can be segmented into CNC and Non-CNC

• By Application Analysis

Based on application, the market can be divided into machinery processing, metal processing, paper industry, steel industry.

Driving Factors

"Increasing demand for CNC grinding machines to propel market demand"

The creation of smart factories is a focus of the growing acceptance of Industry 4.0 technologies, which is in turn driving up demand for CNC grinding equipment. Big data and automation are becoming increasingly popular in the industrial sector as a result of Industry 4.0 solutions. Big data's impact on the manufacturing industry, particularly in quality assurance, is becoming more and more significant to manufacturers. High product uptake is anticipated as a result of the capacity to use real-time data regarding the product and process.

"Manufacturing Unit to Gain Traction Owing to The High Demand "

The manufacturing sector is gaining traction with the inclusion of automatic virtual meteorology (AVM), an online inspection technology that is projected to cut delays. The roll grinding machine market growth is partly a result of the growing need for better human-machine interaction.

Restraining Factors

"Lack of Modern Instruments for Data Point Collection May Stagnate Market Development"

Over the previous five years, several potential suppliers have continuously altered raw material prices while taking a variety of external circumstances into account. The cost of the grinding machine as a whole increased as a result of a fleeting increase in the price of raw materials. A drop in the growth curve was caused by the gradual increase in raw materials, such as steel and ceramics, which could potentially limit roll grinding machine market expansion. The aforementioned aspects are essential to the development of the market. Over the forecasted period, an increase in raw material prices will have a negative effect on the volume of grinding machines. The expansion of the global market for grinding machines is predicted to be constrained by these factors.

Roll Grinding Machine Market Regional Insights

• 

• to learn more about this report

"Growing demand and favorable conditions in North America anticipated boosting market expansion"

The end-use industry in the North America utilizes the most grinding machines globally, and it has one of the most developed and significant industrial sectors in the world. The automotive industry is a big additional user of surface grinding equipment in the U.S. The U.S. market for grinding machines is projected to expand substantially over the years. Furthermore, it is predicted that over the years North American market will hold a huge grinding machine market share.

Key Industry Players

"Adoption of innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Shibaura Machine
• WaldrichSiegen
• KARATS
• Probat
• GEORG
• Herkules
• Karats Precision
• ANDRITZ Metals Germany GmbH
• Tenova S.p.A.
• Wuxi Shangji Automation
• HIECISE
• Shanghai Shunyu Mechanic-Electronic
• Jingyu Machinery

Report Coverage

This report examines an understanding of the Roll grinding machine market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.