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/EIN News/ -- Rockville, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The market for grinding machines is anticipated to reach US$ 14,962.4 million in 2022 and grow at a healthy 5.8% CAGR from 2022 to 2032. It has been noted that infrastructure-related activities have increased noticeably over the past few decades all over the world. 3-In-1 Machine Combination Shear, Brake & Roll
Due to the high demand for real estate, which proportionally supports the grinding machines market, the growth of the construction industry has increased exponentially. Grinding machines are widely used to improve quality and efficiency as a result of improved infrastructure around the world.
Infrastructure growth is a clear indicator that is thought to have a big impact on the market for grinding machines. However, there is a wealth of opportunity across many paths, and the development landscape is expanding across many important regions will encompass a nourishing growth rate during the assessment period.
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Key Takeaways from Market Study
“Increasing Adoption for Industry 4.0 Will Result to High Demand for CNC Grinding Machine” says a Fact.MR analyst.
Prominent grinding machine manufacturers are Robert Bosch Power Tools GmbH, Makita Corporation, Stanley Black & Decker, Inc., Husqvarnacp, Xingyi Stone Caring Tools, Co Ltd, Klindex, Xingyi Stone Caring Tools, Co Ltd, Blastrac BV, Scanmaskin, Shaanxi Ronlon Machinery Co., Ltd, Fein, Hitachi, Toyoda.
Some of the key developments are:
How is the U.S. market for grinding machines anticipated to be extremely lucrative?
The end-use industry in the United States utilises the most grinding machines globally, and it has one of the most developed and significant industrial sectors in the world. The automotive industry is a big additional user of surface grinding equipment in the United States.
The U.S. market for grinding machines is projected to expand at a 6% CAGR during the following 10 years. Furthermore, it is predicted that by 2032, the North American market will create a value of US$5,648.8 million.
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Segmentation of Grinding Machine Industry
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Immense demand for grinding machines has been observed from multiple industries including automotive, aerospace, die & mold, medical owing to numerous application. Grinding machines find its prominence in automotive industry attributed to various applications such as grinding of camshafts, pistons, conGlobalting rods, gar shafts, hydraulic steering piston, brake cylinder, brake piston, spline and many more.
Grinding ensures high accuracy and precision, precision industry has witness a nourishing growth rate in past decade and presumed to remain in growth trajectory over the assessment period. Critical components have surged the demand in consumer electronics & electrical, oil &gas, semiconductors, medical and aerospace industries. Further soaring industrialization across the developing economies such as India, China and South Korea will supplement the growth curve of market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global Grinding Machine market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of product type (angle grinder (Cordless angle grinder, Corded angle grinder, Pneumatic angle grinder), bench grinder, belt grinder, wet grinder, die grinders (Electric die grinders, Pneumatic die grinders), floor grinder (Hand held, Walk behind, Ride on), surface grinders, CNC (CNC roll grinders, CNC crankshaft grinders, CNC plain cylindrical grinders, CNC surface grinders)), by end use industry (automotive, aerospace, construction, industrial manufacturing, electrical & electronics, maritime industry, others), by sales channel (franchised outlets, specialty store, modern trade, online channel (Manufacturers website, Third party website)) and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
Check out more related studies published by Fact.MR Research:
Grinding Aids Market: According to latest research study by Fact.MR, grinding aids market is set to witness single digit CAGR during 2021-2031 with net valuation of more than US$ 6,500 Mn by 2031. Demand for grinding aids in construction sector has observed considerable market value in past few years.
Grinding Discs Market: Grinding discs are generally composed of an abrasive compound and used in various grinding and abrasive machine operations. Rising demand of machines for projects that need intricate attention to detail has been influencing the development of grinding discs market.
Grinding Fluids Market: According to a recent study by Fact.MR, grinding fluids market is set to witness significant growth in the year 2021-2031. The market size of the fluid treatment is expected to grow at a CAGR of more than 4.5% over the next ten years.
Concrete Floor Grinding Machine Market: Improvement in overall economic conditions has led to a continuous increase in construction activities over the years. This has fuelled the demand for malls, office & residential areas, which in turn is driving the growth of the concrete floor grinding machine market. Concrete floor grinding machines are used for polishing and grinding concrete, granite, marble or any other kind of floor materials.
Stump Grinder Market: The global stump grinder market is projected to witness volume demand of 19,039 units in 2021, and is projected to expand at a CAGR of 3.7% by volume through 2031. The industry is saw a decline of 2.3% Y-o-Y in 2020 as the COVID-19 pandemic had adverse effects on the demand outlook. However, the market is estimated to expand 1.6X by the end of 2031.
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