Cnc Thread Grinders Market
CNC Thread Grinders Market Forecasts to 2030 - Global Analysis By Type (CNC Internal Thread Grinder and CNC External Thread Grinder), Application (Screw Tap , Worm, Ball screw and Other Applications), End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $5.35 BN |
|
Projected Year Value (2030) |
US $8.59 BN |
|
CAGR (2023 - 2030) |
7.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global CNC Thread Grinders Market is accounted for $5.35 billion in 2023 and is expected to reach $8.59 billion by 2030 growing at a CAGR of 7.0% during the forecast period. CNC Thread Grinders are advanced machining tools specifically designed to create precise and accurate threads on work pieces, such as nuts, bolts, screws, and other threaded components. To ensure tight tolerances and high quality in the completed goods, these machines use computer numerical control (CNC) technology to automate and precisely manage the process of grinding threads. CNC thread grinders are designed to operate quickly and effectively for industries with high-volume thread grinding requirements, they help to increase productivity, cut down on lead times, and improve production capacity.
Market Dynamics:
Driver:
Rising demand for precision machining
The automobile, aerospace, medical device and electronics industries all depend heavily on precision machining. In order to produce threaded components with the high precision and accuracy required by these industries, CNC thread grinders are required. By creating threaded components with great accuracy and precision with CNC thread grinders, the necessary standards are accomplished. The use of CNC thread grinders is driven by the rising need for precision-machined components.
Restraint:
High initial cost
CNC thread grinders are complex devices that have a high initial cost. It can be expensive to purchase and set up CNC thread grinders, including the machine itself, ancillary gear, tools, and software. However, the adoption of CNC thread grinders may be hampered by the costly initial expenditure, particularly for small and medium-sized firms (SMEs) with limited capital resources, which is a barrier to market expansion.
Opportunity:
Increasing automation in manufacturing
A major trend in the industrial sector is automation, which has grown as a result of demands for more productivity, lower labor costs, and better quality control. CNC thread grinders serve as vital parts of automated production lines where they can work in harmony with other CNC equipment, robotic systems, and conveyor systems. The requirement for automated manufacturing processes is driving the adoption of CNC thread grinders.
Threat:
Costs of maintenance and downtime
For optimal performance and longevity, CNC thread grinders, like any other complicated machinery, need routine maintenance. Routine checks, lubrication, tool replacement, and calibration are all considered maintenance operations. Furthermore, expensive downtime brought on by equipment failures or technical problems can affect production plans and add to delays. Some businesses, particularly those with few resources or ineffective maintenance procedures, may find the maintenance and downtime expenses associated with CNC thread grinders to be a barrier to market growth.
Covid-19 Impact
The CNC thread grinder market has been significantly impacted by the COVID-19 outbreak. The epidemic delayed the manufacturing and delivery of CNC thread grinders and their components by upsetting worldwide supply networks. The supply of raw materials, parts, and machinery was impacted by trade restrictions, temporary closures of industrial facilities, and decreased personnel availability. Manufacturers and users of CNC thread grinders experienced longer lead times and higher costs as a result of these disruptions.
The CNC internal thread grinder segment is expected to be the largest during the forecast period
The CNC internal thread grinder segment is estimated to hold the largest share. For the precise cutting and grinding of internal threads on a variety of work pieces, such as nuts, bolts, screws, and other threaded components, CNC internal thread grinders are leading-edge machining tools. This market serves the aerospace, automotive, medical device, and numerous mechanical engineering applications, all of which require high precision and accuracy in thread manufacturing. Additionally, the perfect fit and top performance of threaded components are guaranteed by CNC internal thread grinders' high-precision control systems, which enable the production of threads with incredibly tight tolerances.
The aerospace industry segment is expected to have the highest CAGR during the forecast period
The aerospace industry segment is anticipated to have lucrative growth during the forecast period. The CNC Thread Grinders Market's aerospace sector application segment focuses on the utilization of innovative CNC thread grinding technology to provide high-precision threaded components for aircraft, spacecraft, and associated machinery. This sector is an essential part of the larger aerospace manufacturing industry since it helps to ensure the performance, safety, and dependability of aerospace systems. In order to meet the unique requirements of aircraft components, aerospace applications often require complicated and specialized thread designs.
Region with largest share:
North America commanded the largest market share during the extrapolated period. North America, which includes both the United States and Canada, is an important market in the CNC thread grinder market. The manufacturing sector in this area is strong, especially in fields like aerospace, automobiles, and general machinery. The majority of the world's aerospace industry is based in North America, particularly the United States. For the production of precise components like fasteners, connections, and crucial elements for airplanes and spacecraft, this industry primarily relies on CNC thread grinders. The aerospace industry's demanding safety and quality criteria are driving the demand for premium threads in this region.
Region with highest CAGR:
Europe is expected to witness profitable growth over the projection period. Europe, comprising nations like Germany, France, the United Kingdom, Italy, and others, is a prominent geographic area in the CNC thread grinder market. This region is distinguished by a long history of manufacturing, with an emphasis on precise engineering and a varied industrial landscape. With a significant presence in sectors including automobiles, aerospace, machinery, and electronics, Europe has a broad manufacturing industry. For the manufacturing of precision parts, fasteners, and parts with threaded connections in this region, these industries significantly rely on CNC thread grinders.
Key players in the market
Some of the key players in the CNC Thread Grinders Market include Holroyd, Phoenix Tool & Thread Grinding, Bestek Industries, Mitsui Seiki, Eastar Machine Tools, Drake Manufacturing, Hyper max Machinery, Jianye GROUP, Qinchuan Machine Tool & Tool, Krasny Borets, Prayosha, RIFA Precision Machinery, Mikromat, Huawin Precision, Shaanxi Hanjiang Machine Tool, Jiangsu Chenguang CNC Machine Tool and Tianjin Lunda Machine.
Key Developments:
In May 2020, Mitsui Seiki Launches New Interactive Website Featuring Industry Tech Exchange. In addition to the innovative Tech Exchange, the company also has a “Watch” feature on its home page which will be an area for new staff-inspired video clips relayed in a casual, personal way.
In March 2020, BESTEK is Introducing a Powerful Smart Toothbrush With a UV Sanitizer.
This FDA-certified, travel sonic toothbrush with a UV sanitizer station maintains teeth healthily while keeping the germs at bay. With a strong vibrational frequency of up to 31,000 strokes per minute, the product efficiently removes plaque, protects teeth and promotes oral health.
Types Covered:
• CNC Internal Thread Grinder
• CNC External Thread Grinder
Applications Covered:
• Screw Tap
• Worm
• Ball screw
• Other Applications
End Users Covered:
• Oil and Gas Industry
• Automotive Industry
• Industrial Machinery Manufacturing
• Electronics and Electrical Industry
• Aerospace Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global CNC Thread Grinders Market, By Type
5.1 Introduction
5.2 CNC Internal Thread Grinder
5.3 CNC External Thread Grinder
6 Global CNC Thread Grinders Market, By Application
6.1 Introduction
6.2 Screw Tap
6.3 Worm
6.4 Ballscrew
6.5 Other Applications
7 Global CNC Thread Grinders Market, By End User
7.1 Introduction
7.2 Oil and Gas Industry
7.3 Automotive Industry
7.4 Industrial Machinery Manufacturing
7.5 Electronics and Electrical Industry
7.6 Aerospace Industry
7.7 Other End Users
8 Global CNC Thread Grinders Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Holroyd
10.2 Phoenix Tool & Thread Grinding
10.3 Bestek Industries
10.4 Mitsui Seiki
10.5 Eastar Machine Tools
10.6 Drake Manufacturing
10.7 Hypermax Machinery
10.8 Jianye GROUP
10.9 Qinchuan Machine Tool & Tool
10.10 Krasny Borets
10.11 Prayosha
10.12 RIFA Precision Machinery
10.13 Mikromat
10.14 Huawin Precision
10.15 Shaanxi Hanjiang Machine Tool
10.16 Jiangsu Chenguang CNC Machine Tool
10.17 Tianjin Lunda Machine
List of Tables
1 Global CNC Thread Grinders Market Outlook, By Region (2021-2030) ($MN)
2 Global CNC Thread Grinders Market Outlook, By Type (2021-2030) ($MN)
3 Global CNC Thread Grinders Market Outlook, By CNC Internal Thread Grinder (2021-2030) ($MN)
4 Global CNC Thread Grinders Market Outlook, By CNC External Thread Grinder (2021-2030) ($MN)
5 Global CNC Thread Grinders Market Outlook, By Application (2021-2030) ($MN)
6 Global CNC Thread Grinders Market Outlook, By Screw Tap (2021-2030) ($MN)
7 Global CNC Thread Grinders Market Outlook, By Worm (2021-2030) ($MN)
8 Global CNC Thread Grinders Market Outlook, By Ballscrew (2021-2030) ($MN)
9 Global CNC Thread Grinders Market Outlook, By Other Applications (2021-2030) ($MN)
10 Global CNC Thread Grinders Market Outlook, By End User (2021-2030) ($MN)
11 Global CNC Thread Grinders Market Outlook, By Oil and Gas Industry (2021-2030) ($MN)
12 Global CNC Thread Grinders Market Outlook, By Automotive Industry (2021-2030) ($MN)
13 Global CNC Thread Grinders Market Outlook, By Industrial Machinery Manufacturing (2021-2030) ($MN)
14 Global CNC Thread Grinders Market Outlook, By Electronics and Electrical Industry (2021-2030) ($MN)
15 Global CNC Thread Grinders Market Outlook, By Aerospace Industry (2021-2030) ($MN)
16 Global CNC Thread Grinders Market Outlook, By Other End Users (2021-2030) ($MN)
17 North America CNC Thread Grinders Market Outlook, By Country (2021-2030) ($MN)
18 North America CNC Thread Grinders Market Outlook, By Type (2021-2030) ($MN)
19 North America CNC Thread Grinders Market Outlook, By CNC Internal Thread Grinder (2021-2030) ($MN)
20 North America CNC Thread Grinders Market Outlook, By CNC External Thread Grinder (2021-2030) ($MN)
21 North America CNC Thread Grinders Market Outlook, By Application (2021-2030) ($MN)
22 North America CNC Thread Grinders Market Outlook, By Screw Tap (2021-2030) ($MN)
23 North America CNC Thread Grinders Market Outlook, By Worm (2021-2030) ($MN)
24 North America CNC Thread Grinders Market Outlook, By Ballscrew (2021-2030) ($MN)
25 North America CNC Thread Grinders Market Outlook, By Other Applications (2021-2030) ($MN)
26 North America CNC Thread Grinders Market Outlook, By End User (2021-2030) ($MN)
27 North America CNC Thread Grinders Market Outlook, By Oil and Gas Industry (2021-2030) ($MN)
28 North America CNC Thread Grinders Market Outlook, By Automotive Industry (2021-2030) ($MN)
29 North America CNC Thread Grinders Market Outlook, By Industrial Machinery Manufacturing (2021-2030) ($MN)
30 North America CNC Thread Grinders Market Outlook, By Electronics and Electrical Industry (2021-2030) ($MN)
31 North America CNC Thread Grinders Market Outlook, By Aerospace Industry (2021-2030) ($MN)
32 North America CNC Thread Grinders Market Outlook, By Other End Users (2021-2030) ($MN)
33 Europe CNC Thread Grinders Market Outlook, By Country (2021-2030) ($MN)
34 Europe CNC Thread Grinders Market Outlook, By Type (2021-2030) ($MN)
35 Europe CNC Thread Grinders Market Outlook, By CNC Internal Thread Grinder (2021-2030) ($MN)
36 Europe CNC Thread Grinders Market Outlook, By CNC External Thread Grinder (2021-2030) ($MN)
37 Europe CNC Thread Grinders Market Outlook, By Application (2021-2030) ($MN)
38 Europe CNC Thread Grinders Market Outlook, By Screw Tap (2021-2030) ($MN)
39 Europe CNC Thread Grinders Market Outlook, By Worm (2021-2030) ($MN)
40 Europe CNC Thread Grinders Market Outlook, By Ballscrew (2021-2030) ($MN)
41 Europe CNC Thread Grinders Market Outlook, By Other Applications (2021-2030) ($MN)
42 Europe CNC Thread Grinders Market Outlook, By End User (2021-2030) ($MN)
43 Europe CNC Thread Grinders Market Outlook, By Oil and Gas Industry (2021-2030) ($MN)
44 Europe CNC Thread Grinders Market Outlook, By Automotive Industry (2021-2030) ($MN)
45 Europe CNC Thread Grinders Market Outlook, By Industrial Machinery Manufacturing (2021-2030) ($MN)
46 Europe CNC Thread Grinders Market Outlook, By Electronics and Electrical Industry (2021-2030) ($MN)
47 Europe CNC Thread Grinders Market Outlook, By Aerospace Industry (2021-2030) ($MN)
48 Europe CNC Thread Grinders Market Outlook, By Other End Users (2021-2030) ($MN)
49 Asia Pacific CNC Thread Grinders Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific CNC Thread Grinders Market Outlook, By Type (2021-2030) ($MN)
51 Asia Pacific CNC Thread Grinders Market Outlook, By CNC Internal Thread Grinder (2021-2030) ($MN)
52 Asia Pacific CNC Thread Grinders Market Outlook, By CNC External Thread Grinder (2021-2030) ($MN)
53 Asia Pacific CNC Thread Grinders Market Outlook, By Application (2021-2030) ($MN)
54 Asia Pacific CNC Thread Grinders Market Outlook, By Screw Tap (2021-2030) ($MN)
55 Asia Pacific CNC Thread Grinders Market Outlook, By Worm (2021-2030) ($MN)
56 Asia Pacific CNC Thread Grinders Market Outlook, By Ballscrew (2021-2030) ($MN)
57 Asia Pacific CNC Thread Grinders Market Outlook, By Other Applications (2021-2030) ($MN)
58 Asia Pacific CNC Thread Grinders Market Outlook, By End User (2021-2030) ($MN)
59 Asia Pacific CNC Thread Grinders Market Outlook, By Oil and Gas Industry (2021-2030) ($MN)
60 Asia Pacific CNC Thread Grinders Market Outlook, By Automotive Industry (2021-2030) ($MN)
61 Asia Pacific CNC Thread Grinders Market Outlook, By Industrial Machinery Manufacturing (2021-2030) ($MN)
62 Asia Pacific CNC Thread Grinders Market Outlook, By Electronics and Electrical Industry (2021-2030) ($MN)
63 Asia Pacific CNC Thread Grinders Market Outlook, By Aerospace Industry (2021-2030) ($MN)
64 Asia Pacific CNC Thread Grinders Market Outlook, By Other End Users (2021-2030) ($MN)
65 South America CNC Thread Grinders Market Outlook, By Country (2021-2030) ($MN)
66 South America CNC Thread Grinders Market Outlook, By Type (2021-2030) ($MN)
67 South America CNC Thread Grinders Market Outlook, By CNC Internal Thread Grinder (2021-2030) ($MN)
68 South America CNC Thread Grinders Market Outlook, By CNC External Thread Grinder (2021-2030) ($MN)
69 South America CNC Thread Grinders Market Outlook, By Application (2021-2030) ($MN)
70 South America CNC Thread Grinders Market Outlook, By Screw Tap (2021-2030) ($MN)
71 South America CNC Thread Grinders Market Outlook, By Worm (2021-2030) ($MN)
72 South America CNC Thread Grinders Market Outlook, By Ballscrew (2021-2030) ($MN)
73 South America CNC Thread Grinders Market Outlook, By Other Applications (2021-2030) ($MN)
74 South America CNC Thread Grinders Market Outlook, By End User (2021-2030) ($MN)
75 South America CNC Thread Grinders Market Outlook, By Oil and Gas Industry (2021-2030) ($MN)
76 South America CNC Thread Grinders Market Outlook, By Automotive Industry (2021-2030) ($MN)
77 South America CNC Thread Grinders Market Outlook, By Industrial Machinery Manufacturing (2021-2030) ($MN)
78 South America CNC Thread Grinders Market Outlook, By Electronics and Electrical Industry (2021-2030) ($MN)
79 South America CNC Thread Grinders Market Outlook, By Aerospace Industry (2021-2030) ($MN)
80 South America CNC Thread Grinders Market Outlook, By Other End Users (2021-2030) ($MN)
81 Middle East & Africa CNC Thread Grinders Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa CNC Thread Grinders Market Outlook, By Type (2021-2030) ($MN)
83 Middle East & Africa CNC Thread Grinders Market Outlook, By CNC Internal Thread Grinder (2021-2030) ($MN)
84 Middle East & Africa CNC Thread Grinders Market Outlook, By CNC External Thread Grinder (2021-2030) ($MN)
85 Middle East & Africa CNC Thread Grinders Market Outlook, By Application (2021-2030) ($MN)
86 Middle East & Africa CNC Thread Grinders Market Outlook, By Screw Tap (2021-2030) ($MN)
87 Middle East & Africa CNC Thread Grinders Market Outlook, By Worm (2021-2030) ($MN)
88 Middle East & Africa CNC Thread Grinders Market Outlook, By Ballscrew (2021-2030) ($MN)
89 Middle East & Africa CNC Thread Grinders Market Outlook, By Other Applications (2021-2030) ($MN)
90 Middle East & Africa CNC Thread Grinders Market Outlook, By End User (2021-2030) ($MN)
91 Middle East & Africa CNC Thread Grinders Market Outlook, By Oil and Gas Industry (2021-2030) ($MN)
92 Middle East & Africa CNC Thread Grinders Market Outlook, By Automotive Industry (2021-2030) ($MN)
93 Middle East & Africa CNC Thread Grinders Market Outlook, By Industrial Machinery Manufacturing (2021-2030) ($MN)
94 Middle East & Africa CNC Thread Grinders Market Outlook, By Electronics and Electrical Industry (2021-2030) ($MN)
95 Middle East & Africa CNC Thread Grinders Market Outlook, By Aerospace Industry (2021-2030) ($MN)
96 Middle East & Africa CNC Thread Grinders Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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