According to the business intelligence report titled ‘Global Surface Grinding Machines Market, 2021-2027’, available with MarketStudyReport, global surface grinding machines market is slated to grow at a yearly rate of 2.6% between 2021 and 2027.
 

High versatility & accuracy of grinding machines, increasing demand from end-use industries, and technological developments are the leading factors driving global surface grinding machines market expansion. Increasing investment in defense sector in developing and developed economies will also facilitate revenue inflow.
 

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For the unversed, surface grinding machine is a tool used for grinding. It uses an abrasive wheel as the cutting tool.
 

While expansion of aerospace & defense sector will aid market growth, fluctuating prices of raw materials will act as a challenge for businesses in this domain.
 

Moreover, the report contains vital data regarding sales amassed, market share held, profit margins, growth rate, and valuation of each segment and region.
 

Based on product gamut, worldwide surface grinding machines industry is split into manual, and automatic. Moving on to application scope, the business sphere is bifurcated into automotive, aerospace & defense, shipbuilding, and electrical & electronics.
 

From regional frame of reference, Asia Pacific market is projected to witness significant growth between 2021-2027, owing to growing foreign investment, entry of new players, and rising usage of glass in food & beverage sector.
 

Leading players shaping global surface grinding machines market dynamics are Amada Co. Ltd., Okuma Corporation, Danobat S. Coop., Makino Milling Machine Co. Ltd., Fives Group, Junker Group, JTEKT Corporation, Kuroda Precision Industries Ltd., Kent Industrial Co. Ltd., and Körber AG.
 

These companies are undertaking strategic decisions, such as investments in research & development, mergers & acquisitions, launch of new products, partnerships, and collaborations to enlarge profit margins and strengthen their foothold in this business sphere.