COVID-19 Impact analysis

• COVID-19 pandemic has shut-down large number construction sites, power plants, technology advancement companies and others. This has hampered the growth of centerless grinding market from the last few months and is likely to continue during 2021.
• COVID-19 has already affected the sale of centerless grinding machines. In the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
• The major demand for centerless grinding machines was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand of centerless grinding machine.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Key players of centerless grinding market are expected to afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their service activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• Centerless grinding market are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors
Globally, the centerless grinding machine industry market is known as high end technical equipment industry and this is the top driving factor for the growth of the market. The key players such as Schaudt Mikrosa, JUNKER, Danobat Group, Fives Group, KMT Precision Grinding, TGS, Cincinnati Machinery and others are investing to expand their line of production especially in Asia-Pacific region. More over the governments are encouraging the Foreign Direct investment for the growth of construction, automobile and other industries which is increasing the market of centerless grinding also.
The most important restraint for the market growth is COVID-19, as because of pandemic the processing units are getting closed, workforce is not allowed to gather, thus the sales of centerless grinding machines has been reduced. In recent days the situation is getting better and the market has growing again.

Market Trends

• “Centerless grinding produces a cylindrical form to tight tolerances on a wide variety of parts,” Glebar Co. introduced a new centerless grinding machine where line built on a granite machine bed, which gives you much better thermal stability, flatness and rigidity. Now, for the highest precision parts, we use a 6000-lb composite mineral cast base that is extremely rigid and has amazing thermal properties and excellent vibration-dampening characteristics.
• At Republic Lagun Machine Tool Co. (Harbor City, CA), the centerless grinder is newly made where structure is Meehanite cast iron, heat treated prior to machining slideways, which are high-frequency hardened and precision ground for maximum material stability, deformation-free performance and outstanding wear resistance.
• Glebar’s Gleason agreed that linear guideways are a major improvement. “With dovetail ways, when the ram is stationary and you command it to move with a ballscrew, there is always a bit of hesitation [stick/slip] due to the friction between the slides”.

Key Segments Covered

• Grinding Type:
• Universal Type
• Special Type
• Precise Type
• Others    

End-User Industry

• Automobile Industry
• Aerospace Industry
•  Engineering Machinery Industry
•  Others

Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific 
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Benefits of the Report

• This study presents the analytical depiction of the centerless grinding market making industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the centerless grinding market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the centerless grinding market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed centerless grinding market analysis based on competitive intensity and how the competition will take shape in coming years.