Product Code: ETC8836760 | Publication Date: Sep 2024 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The CNC cylindrical grinding machine market in the Philippines is driven by rising industrial automation and demand from automotive, aerospace, and tool manufacturing sectors. These machines offer precision and efficiency in finishing metal components, aligning with the country`s push toward higher manufacturing standards. Although the market is still developing, imports from established machine tool manufacturers are meeting growing industrial needs.
The market for CNC cylindrical grinding machines in the Philippines is being shaped by the growth of precision engineering, especially in automotive and aerospace components manufacturing. Local industries are gradually adopting advanced CNC solutions to enhance productivity and achieve tighter tolerances. The transition from manual to automated systems continues, supported by government initiatives to modernize the manufacturing sector.
This market faces challenges due to the high capital costs of CNC cylindrical grinding machines, which restrict their adoption, especially among small and medium-sized enterprises. The local manufacturing sectors slow transition toward Industry 4.0 has also led to a lack of demand for high-precision grinding technology. Moreover, there is a scarcity of skilled labor proficient in operating and maintaining these machines, resulting in underutilization even where machines are installed.
With the Philippines pushing toward advanced manufacturing and automotive part production, there is a growing demand for CNC cylindrical grinding machines. Investment opportunities lie in supplying high-precision grinding equipment to local machine shops and offering value-added services like training and maintenance. Localizing assembly or forming partnerships with global CNC equipment brands could reduce costs and improve market penetration.
The Department of Science and Technology (DOST) and DTI promote industrial automation, including CNC grinding machines, through manufacturing modernization programs. CNC machines are recognized as essential tools in increasing productivity under the Inclusive Innovation Industrial Strategy (i3S). The government provides fiscal incentives to importers and local manufacturers under the CREATE Act, and technical training initiatives are also supported to address skill gaps in machine operation and maintenance.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines CNC Cylindrical Grinding Machine Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines CNC Cylindrical Grinding Machine Market - Industry Life Cycle |
3.4 Philippines CNC Cylindrical Grinding Machine Market - Porter's Five Forces |
3.5 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines CNC Cylindrical Grinding Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines CNC Cylindrical Grinding Machine Market Trends |
6 Philippines CNC Cylindrical Grinding Machine Market, By Types |
6.1 Philippines CNC Cylindrical Grinding Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By CNC External Cylindrical Grinding Machine, 2021- 2031F |
6.1.4 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By CNC Internal Cylindrical Grinding Machine, 2021- 2031F |
6.1.5 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By CNC Universal Cylindrical Grinding Machine, 2021- 2031F |
6.1.6 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By CNC Centerless Cylindrical Grinding Machine, 2021- 2031F |
6.2 Philippines CNC Cylindrical Grinding Machine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
6.2.4 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.5 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Electrical & Electronics, 2021- 2031F |
6.2.6 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines CNC Cylindrical Grinding Machine Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Online, 2021- 2031F |
6.3.3 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Company Websites, 2021- 2031F |
6.3.4 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By E-commerce Websites, 2021- 2031F |
6.3.5 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Offline, 2021- 2031F |
6.3.6 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Direct Sales, 2021- 2031F |
6.3.7 Philippines CNC Cylindrical Grinding Machine Market Revenues & Volume, By Indirect Sales, 2021- 2031F |
7 Philippines CNC Cylindrical Grinding Machine Market Import-Export Trade Statistics |
7.1 Philippines CNC Cylindrical Grinding Machine Market Export to Major Countries |
7.2 Philippines CNC Cylindrical Grinding Machine Market Imports from Major Countries |
8 Philippines CNC Cylindrical Grinding Machine Market Key Performance Indicators |
9 Philippines CNC Cylindrical Grinding Machine Market - Opportunity Assessment |
9.1 Philippines CNC Cylindrical Grinding Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines CNC Cylindrical Grinding Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines CNC Cylindrical Grinding Machine Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines CNC Cylindrical Grinding Machine Market - Competitive Landscape |
10.1 Philippines CNC Cylindrical Grinding Machine Market Revenue Share, By Companies, 2024 |
10.2 Philippines CNC Cylindrical Grinding Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |