The Business Research Company’s Grinding Machinery Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Grinding Machinery Global Market Report 2023 evaluates grinding machinery market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global grinding machinery market is expected to grow from $9,536.1 million in 2027 at a rate of 7.8%. The market is then expected to grow at a CAGR of 8.1% from 2027 and reach $14,058.6 million in 2032.
The growing shipbuilding industry is expected to boost the growth of the grinding machinery market going forward. The shipbuilding industry refers to an industry that deals with the manufacturing of larger (often seagoing) vessels for the military, the offshore energy sector, or the merchant fleet (cargo or passenger transport). In shipbuilding applications, grinding machines are most frequently employed for duties like weld prep, cleaning in between weld passes, and post-weld cleaning and finishing in the line fabrication, finishing, or painting departments of a shipyard operation. For instance, according to an analysis of the Navy’s Fiscal Year 2023 Shipbuilding Plan by the Congressional Budget Office, a US-based federal agency within the legislative branch of the government, over the next 30 years, in the USA, the total cost of shipbuilding would be in the order of $30 to $33 billion, which is 14% to 18% more than the Navy’s projections. The entire budget for the US Navy would rise from $220 billion today to nearly $290 billion (in 2022 currency) in 2052. Therefore, the growing shipbuilding industry will drive the growth of the grinding machinery market in the future.
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The grinding machinery market segments in the report are:
1) By Product: Angle Grinders; Bench Grinders; Belt Grinders; Wet Grinders; Die Grinders; Floor Grinders; Surface Grinders; CNC
2) By Application: Automotive; Transport Machinery; General Machinery; Precision Engineering; Other Applications
3) By Distribution: Online; Offline
The table of contents in TBRC’s grinding machinery market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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