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Grinding Machines Market Trends, Top Companies, Share, Growth And Forecast 2032
Grinding Machines Market
Grinding Machines Market Size, Growth Rate, And Forecast
The global grinding machines 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 grinding machines market is expected to grow to $6.6 billion in 2027 at a CAGR of 5.0%.
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Grinding Machines Market Drivers
Growing industrial manufacturing sector is expected to propel the growth of the grinding machines market going forward. Industrial manufacturing is responsible for the fabrication of products intended for industrial use from raw materials. Grinding machines have various applications in industrial manufacturing and it's used extensively for dimensional accuracy and surface finishing of the mechanical parts that are used in the manufacturing industry.
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Grinding Machines Market Segments
• By Type: Conventional, CNC, Cylindrical, Surface, Gear, Other Types
• By Sales Channel: Franchised Outlets, Specialty Stores, Modern Trade, Online Channels
• By End-User Industry: Automotive, Maritime Industry, Aerospace and Defense, Construction, Industrial Manufacturing, Electrical and Electronics, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the grinding machines market.
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Grinding Machines Market Key Players
Major competitors in the grinding machines market include Amada Holdings Co Ltd., 3M Company, JTEKT Toyoda Americas Corporation, Junker Group, L. Kellenberger & Co. AG, ANCA Pty Ltd., DANOBAT Group, Koyo Machinery Industry Co Ltd., Okuma Corporation, Korber AG.
The Business Research Company's "Global Grinding Machines Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Grinding Machines Market Include:
1. Executive Summary
2. Grinding Machines Market Characteristics
3. Grinding Machines Market Trends And Strategies
4. Grinding Machines Market - Macro Economic Scenario
5. Grinding Machines Market Size And Growth
……
26. Africa Grinding Machines Market
27. Grinding Machines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Grinding Machines Market
29. Grinding Machines Market Future Outlook and Potential Analysis
30. Appendix
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