A lot is happening in the cutting tool industry in the month of August. Continue reading our news roundup to learn more about what’s happening in the industry this month.

Grinding Machinery Market Summary

A separate estimate puts the grinding machinery market at USD 5.83 billion (2024), with a forecast of USD 7.69 billion by 2030 (CAGR ~4.4%). Precision grinders hold a dominant 65.8% share, and the automotive sector leads by application.

Precision Summit 2025 Recap 

Held July 29–30, the Precision Summit at United Grinding North America’s Miamisburg, OH facility brought together industry professionals for live machine demos, breakout sessions, and vendor showcases. Keynote presenters included Christopher Chidzik, Principal Economist at AMT.

AI, IoT, and Smart Grinding

Augmented by AI and IoT, smart grinding systems now offer predictive maintenance, real-time monitoring, and enhanced productivity. These innovations are rapidly becoming industry standards in advanced manufacturing.

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