Global Grinding Machinery Market Size & Outlook, 2023-2030
Global grinding machinery market, 2018-2030 (US$M)
Global grinding machinery market highlights
- The global grinding machinery market generated a revenue of USD 5,625.0 million in 2023 and is expected to reach USD 7,528.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.3% by 2030.
- In terms of segment, non-precision grinder accounted for a revenue of USD 5,625.0 million in 2023.
- Non-Precision Grinder is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 5,625.0 million |
| Market revenue in 2030 | USD 7,528.2 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Non-precision grinder |
| Fastest growing segment | Non-Precision Grinder |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Non-Precision Grinder |
Other key industry trends
- In terms of revenue, the North America accounted for 17.8% of the global grinding machinery market in 2023.
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Grinding Machinery Market Scope
Grinding Machinery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global grinding machinery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grinding machinery market will help companies and investors design strategic landscapes.
Non-precision grinder was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global grinding machinery market based on non-precision grinder covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Grinding Machinery Type Outlook (Revenue, USD Million, 2018-2030)
- Non-Precision Grinder
- Bench Grinder
- Portable Grinder
- Pedestal Grinder
- Flexible Grinder
- Precision Grinder
- Precision Grinder
- Cylindrical Grinding Machines
- Surface Grinding Machines
- Centre-less Grinding Machines
- Tool and Cutter Grinding Machines
- Non-Precision Grinder
- Global Grinding Machinery Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Medical
- Construction
- Industrial Manufacturing
- Electrical and Electronics
- Marine Industry
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global grinding machinery market , including forecasts for subscribers. This global databook contains high-level insights into Global grinding machinery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global grinding machinery market size, by regions, 2018-2030 (US$M)
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