Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Industrial Honing Machine Market by Type (Vertical Honing Machines, Horizonta Honing Machines), By Application (Automobile Industry, Tractor Industry, Space, Bearing, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Industrial Honing Machine Market by Type (Vertical Honing Machines, Horizonta Honing Machines), By Application (Automobile Industry, Tractor Industry, Space, Bearing, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134032 3300 Machinery & Equipment 377 231 Pages 4.9 (32)
                                          

Market Overview:


The global industrial honing machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-precision components and parts in various industries such as automotive, aerospace, and defense. Additionally, the growing demand for honing machines from emerging economies is also contributing to the growth of this market. On the basis of type, vertical honing machines are expected to account for a larger share of the global industrial honing machine market than horizontal honing machines during the forecast period. This can be attributed to their ability to produce high-precision components with tight tolerances.


Global Industrial Honing Machine Industry Outlook


Product Definition:


A type of machine tool that uses a grinding wheel or abrasive belt to true up or polish the surface of metal parts.


Vertical Honing Machines:


Vertical Honing Machines (VHMs) are used to produce extremely high-quality cuts in steel and other metal alloys. They are also known as straight line cutting machines, since they produce cuts parallel to the base of the blade. Vertical honing machines can be used for both cold work and hot workpieces; however, they were primarily designed for use with steel.


The global vertical honing machine market was valued at USD 1,070 million in 2016.


Horizonta Honing Machines:


Horizonta Honing Machines are used in industries such as automotive, aerospace and defense, construction equipment manufacturing among others. It is also used for sharpening woodworking tools such as chisels and plane irons among others. The machine consists of a motorized base that holds the work piece while the whetstone is being carried to the desired angle by an overhead arm.


Application Insights:


Automobile industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automotive hones are used for sharpening tools, cutting oils and greases, grinding and polishing of automotive parts, which include engine components (pistons, cylinder head), brake systems (callipers & discs), chassis components (axles & hubs), body panels/hubs/trims etc. The rising demand for high-performance honing equipment in various automotive applications is anticipated to drive the global market growth over the next few years.


Tractor industry accounted for a significant share in 2017 owing to heavy machinery usage on farms across various regions including North America and Europe. Tractors play an important role on farms as they help farmers with harvesting crops more efficiently by reducing human effort required previously.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for industrial machines from countries such as China, Japan, India, South Korea and Taiwan. These countries are majorly contributing towards product demand owing to their large automotive production bases along with growing tractor industry. Moreover, these nations are also home to some of the largest aerospace manufacturing facilities that require regular maintenance checks for bearing lubrication which drives product demand further.


The Asia Pacific regional market is anticipated to grow at a CAGR of XX% during the forecast period owing to rising investments in infrastructure development projects by various governments across emerging economies such as China and India coupled with an increase in government spending on defense & aerospace equipment manufacturing industries which drives product demand further.


Growth Factors:


  • Increasing demand for high-precision components in automotive and aerospace industries
  • Growing popularity of honing technology as a finishing process across various manufacturing sectors
  • Rising investments in research and development activities for honing machine technology
  • Proliferation of online shopping platforms that offer a wide range of industrial honing machines at competitive prices
  • Emergence of new players in the market that are offering innovative honing machine technologies

Scope Of The Report

Report Attributes

Report Details

Report Title

Industrial Honing Machine Market Research Report

By Type

Vertical Honing Machines, Horizonta Honing Machines

By Application

Automobile Industry, Tractor Industry, Space, Bearing, Other

By Companies

AZ spa, Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd, Gehring, Gleason, KADIA Production, Nagel Precision Inc, Ohio Tool Works, Pemamo Honing, Schlafli Engineering AG, Sunnen Products Company, Urschel Laboratories

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

231

Number of Tables & Figures

162

Customization Available

Yes, the report can be customized as per your need.


Global Industrial Honing Machine Market Report Segments:

The global Industrial Honing Machine market is segmented on the basis of:

Types

Vertical Honing Machines, Horizonta Honing Machines

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Automobile Industry, Tractor Industry, Space, Bearing, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. AZ spa
  2. Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd
  3. Gehring
  4. Gleason
  5. KADIA Production
  6. Nagel Precision Inc
  7. Ohio Tool Works
  8. Pemamo Honing
  9. Schlafli Engineering AG
  10. Sunnen Products Company
  11. Urschel Laboratories

Global Industrial Honing Machine Market Overview


Highlights of The Industrial Honing Machine Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Vertical Honing Machines
    2. Horizonta Honing Machines
  1. By Application:

    1. Automobile Industry
    2. Tractor Industry
    3. Space
    4. Bearing
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Honing Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Industrial Honing Machine Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Industrial honing machine is a special type of grinding machine that is used for sharpening tools and other industrial objects. It uses diamond-coated abrasive discs to sharpen the edges of tools or other objects.

Some of the major players in the industrial honing machine market are AZ spa, Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd, Gehring, Gleason, KADIA Production, Nagel Precision Inc, Ohio Tool Works, Pemamo Honing, Schlafli Engineering AG, Sunnen Products Company, Urschel Laboratories.

The industrial honing machine market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Industrial Honing Machine Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Industrial Honing Machine Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Industrial Honing Machine Market - Supply Chain
   4.5. Global Industrial Honing Machine Market Forecast
      4.5.1. Industrial Honing Machine Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Industrial Honing Machine Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Industrial Honing Machine Market Absolute $ Opportunity

5. Global Industrial Honing Machine Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Industrial Honing Machine Market Size and Volume Forecast by Type
      5.3.1. Vertical Honing Machines
      5.3.2. Horizonta Honing Machines
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Industrial Honing Machine Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Industrial Honing Machine Market Size and Volume Forecast by Application
      6.3.1. Automobile Industry
      6.3.2. Tractor Industry
      6.3.3. Space
      6.3.4. Bearing
      6.3.5. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Industrial Honing Machine Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Industrial Honing Machine Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Industrial Honing Machine Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Industrial Honing Machine Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Industrial Honing Machine Demand Share Forecast, 2019-2029

9. North America Industrial Honing Machine Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Industrial Honing Machine Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Industrial Honing Machine Market Size and Volume Forecast by Application
      9.4.1. Automobile Industry
      9.4.2. Tractor Industry
      9.4.3. Space
      9.4.4. Bearing
      9.4.5. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Industrial Honing Machine Market Size and Volume Forecast by Type
      9.7.1. Vertical Honing Machines
      9.7.2. Horizonta Honing Machines
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Industrial Honing Machine Demand Share Forecast, 2019-2029

10. Latin America Industrial Honing Machine Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Industrial Honing Machine Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Industrial Honing Machine Market Size and Volume Forecast by Application
      10.4.1. Automobile Industry
      10.4.2. Tractor Industry
      10.4.3. Space
      10.4.4. Bearing
      10.4.5. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Industrial Honing Machine Market Size and Volume Forecast by Type
      10.7.1. Vertical Honing Machines
      10.7.2. Horizonta Honing Machines
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Industrial Honing Machine Demand Share Forecast, 2019-2029

11. Europe Industrial Honing Machine Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Industrial Honing Machine Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Industrial Honing Machine Market Size and Volume Forecast by Application
      11.4.1. Automobile Industry
      11.4.2. Tractor Industry
      11.4.3. Space
      11.4.4. Bearing
      11.4.5. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Industrial Honing Machine Market Size and Volume Forecast by Type
      11.7.1. Vertical Honing Machines
      11.7.2. Horizonta Honing Machines
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Industrial Honing Machine Demand Share, 2019-2029

12. Asia Pacific Industrial Honing Machine Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Industrial Honing Machine Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Industrial Honing Machine Market Size and Volume Forecast by Application
      12.4.1. Automobile Industry
      12.4.2. Tractor Industry
      12.4.3. Space
      12.4.4. Bearing
      12.4.5. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Industrial Honing Machine Market Size and Volume Forecast by Type
      12.7.1. Vertical Honing Machines
      12.7.2. Horizonta Honing Machines
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Industrial Honing Machine Demand Share, 2019-2029

13. Middle East & Africa Industrial Honing Machine Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Industrial Honing Machine Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Industrial Honing Machine Market Size and Volume Forecast by Application
      13.4.1. Automobile Industry
      13.4.2. Tractor Industry
      13.4.3. Space
      13.4.4. Bearing
      13.4.5. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Industrial Honing Machine Market Size and Volume Forecast by Type
      13.7.1. Vertical Honing Machines
      13.7.2. Horizonta Honing Machines
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Industrial Honing Machine Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Industrial Honing Machine Market: Market Share Analysis
   14.2. Industrial Honing Machine Distributors and Customers
   14.3. Industrial Honing Machine Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. AZ spa
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Beijing No.1 Machine Tool Imp. & Exp. Corp. Ltd
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Gehring
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Gleason
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. KADIA Production
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Nagel Precision Inc
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Ohio Tool Works
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Pemamo Honing
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Schlafli Engineering AG
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Sunnen Products Company
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Urschel Laboratories
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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