The Grinding Machines Global Market Report 2023, provides comprehensive information on the grinding machines market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Grinding Machines Global Market Report 2023, the market is expected to grow from $5.14 billion in 2022 to $5.47 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the grinding machines market is expected to grow to $6.6 billion in 2027 at a CAGR of 5.0%.
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Technological advancement is a key trend gaining popularity in the grinding machines market. Major companies operating in the grinding machines market are focused on developing new technological solutions to strengthen their position in the market. For instance, in April 2020, Komatsu Industries Corp, a China-based company operating in grinding machines launched the high-performance plasma cutting machine TWISTER “TFP510-3” .“TFP510-3” with Komatsu stand-alone cutting technology medium and heavy thickness plate cutting. The unique features include high productivity, easy set-up operation, and user friendly, and adopted a new type of consumable cartridge type that would free up hours of set-up operation time. Also, the new operation panel can operate intuitively like the smartphone.
The grinding machines market is segmented:
1) By Type: Conventional, CNC, Cylindrical, Surface, Gear, Other Types
2) By Sales Channel: Franchised Outlets, Specialty Stores, Modern Trade, Online Channels
3) By End-User Industry: Automotive, Maritime Industry, Aerospace and Defense, Construction, Industrial Manufacturing, Electrical and Electronics, Other End-User Industries
Asia-Pacific was the largest region in the grinding machines market in 2022.
The table of contents in TBRC’s grinding machines market report includes:
- Executive Summary
- Grinding Machines Market Characteristics
- Grinding Machines Market Trends And Strategies
- Grinding Machines Market – Macro Economic Scenario
- Grinding Machines Market Size And Growth
- Grinding Machines Market Segmentation
- Grinding Machines Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Grinding Machines Market
- Grinding Machines Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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