Grinding And Sharpening Machine Market

The global market for grinding and sharpening metal finishing machines is projected to see growth in consumption and value from 2022 to 2030, with forecasts indicating a positive trend. Market performance is expected to expand with a CAGR of+3.6% in terms of volume and +5.1% in terms of value during this period, reaching 28M units and $68.5B respectively by 2030. Consumption decreased slightly in 2022 but showed overall resilient expansion over the reviewed period. Key consuming countries include Japan, China, and India, while the largest producers are Japan, China, and Germany. Import and export data reveal significant trends in the market, with non-numerically controlled sharpening machines dominating both imports and exports. Analysis of average import and export prices shows fluctuations in pricing dynamics across different product types and countries.

Market Forecast

Driven by increasing demand for grinding and sharpening metal finishing machines worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 28M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.1% for the period from 2022 to 2030, which is projected to bring the market value to $68.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Grinding And Sharpening Metal Finishing Machines

In 2022, consumption of grinding and sharpening metal finishing machines decreased by -0.4% to 21M units, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Global consumption peaked at 22M units in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global grinding and sharpening machine market value reached $45.9B in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a resilient increase. Over the period under review, the global market hit record highs at $46.3B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Japan (4.9M units), China (3.8M units) and India (959K units), with a combined 47% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Japan (with a CAGR of +20.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine markets worldwide were South Korea ($5.8B), Thailand ($5.6B) and Japan ($4.6B), together accounting for 35% of the global market. Russia, Turkey, Bangladesh, the United States, Mexico, India, China, Germany, Ethiopia and Spain lagged somewhat behind, together comprising a further 31%.

Mexico, with a CAGR of +13.9%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of grinding and sharpening machine per capita consumption was registered in Japan (39 units per 1000 persons), followed by Germany (11 units per 1000 persons), Spain (11 units per 1000 persons) and Thailand (5.2 units per 1000 persons), while the world average per capita consumption of grinding and sharpening machine was estimated at less than 0.1 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the grinding and sharpening machine per capita consumption in Japan amounted to +21.0%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Germany (+10.6% per year) and Spain (+13.4% per year).

Production

World Production of Grinding And Sharpening Metal Finishing Machines

In 2022, the amount of grinding and sharpening metal finishing machines produced worldwide rose modestly to 19M units, picking up by 3.5% against the previous year. Overall, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 47% against the previous year. Over the period under review, global production reached the peak volume at 19M units in 2020; however, from 2021 to 2022, production remained at a lower figure.

In value terms, grinding and sharpening machine production amounted to $38.1B in 2022 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 42%. Global production peaked at $38.5B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Japan (4.9M units), China (4.6M units) and Germany (1.1M units), together accounting for 56% of global production.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +20.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Grinding And Sharpening Metal Finishing Machines

In 2022, supplies from abroad of grinding and sharpening metal finishing machines decreased by -15.2% to 4.6M units, falling for the second consecutive year after four years of growth. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 61% against the previous year. Global imports peaked at 6.4M units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine imports rose slightly to $1.8B in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, global imports attained the maximum at $4.3B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Germany (342K units), the UK (312K units), Spain (305K units), the Netherlands (271K units), Canada (267K units), Austria (267K units), France (263K units), Poland (227K units), Belgium (227K units), the United States (215K units), Russia (199K units) and India (162K units) represented the main importer of grinding and sharpening metal finishing machines in the world, committing 66% of total import. Italy (109K units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +23.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, India ($180M), the United States ($151M) and Germany ($88M) constituted the countries with the highest levels of imports in 2022, together comprising 23% of global imports. France, Italy, Austria, Russia, Canada, Spain, the UK, Poland, the Netherlands and Belgium lagged somewhat behind, together comprising a further 16%.

Spain, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Non-numerically controlled sharpening machines for working metal dominates imports structure, recording 3.4M units, which was near 88% of total imports in 2022. It was distantly followed by machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled (272K units), creating a 7% share of total imports. Machine-tools (155K units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-numerically controlled sharpening machines for working metal imports of stood at +4.1%. At the same time, machine-tools (+13.7%) and machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled (+13.3%) displayed positive paces of growth. Moreover, machine-tools emerged as the fastest-growing type imported in the world, with a CAGR of +13.7% from 2012-2022. While the share of machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled (+3.9 p.p.) and machine-tools (+2.3 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of non-numerically controlled sharpening machines for working metal (-4.6 p.p.) displayed negative dynamics.

In value terms, the largest types of imported grinding and sharpening metal finishing machines were numerically controlled sharpening machines for working metal ($525M), machine-tools ($310M) and machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled ($298M), with a combined 70% share of global imports. Non-numerically controlled sharpening machines for working metal, machine-tools and machine-tools lagged somewhat behind, together comprising a further 30%.

Non-numerically controlled sharpening machines for working metal, with a CAGR of +1.6%, recorded the highest growth rate of the value of imports, in terms of the main imported products over the period under review, while purchases for the other products experienced mixed trends in the imports figures.

Import Prices By Type

In 2022, the average grinding and sharpening machine import price amounted to $392 per unit, jumping by 21% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The growth pace was the most rapid in 2021 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum at $1,677 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was machine-tools ($68,885 per unit), while the price for non-numerically controlled sharpening machines for working metal ($62 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, numerically controlled (+0.0%), while the other products experienced a decline in the import price figures.

Import Prices By Country

In 2022, the average grinding and sharpening machine import price amounted to $392 per unit, rising by 21% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 31% against the previous year. Global import price peaked at $1,677 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($1,113 per unit), while Belgium ($33 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.2%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Grinding And Sharpening Metal Finishing Machines

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by -3.6% to 2.7M units, falling for the second year in a row after three years of growth. Overall, exports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of 79%. Over the period under review, the global exports reached the maximum at 3.4M units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports expanded slightly to $1.2B in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The global exports peaked at $4.1B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (781K units), distantly followed by Germany (487K units), Belgium (233K units), Austria (229K units), the Netherlands (226K units) and Spain (147K units) were the largest exporters of grinding and sharpening metal finishing machines, together making up 77% of total exports. The following exporters - Sweden (108K units), the UK (71K units), India (54K units), the United States (49K units) and Belarus (43K units) - together made up 12% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +50.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($189M) remains the largest grinding and sharpening machine supplier worldwide, comprising 16% of global exports. The second position in the ranking was taken by China ($91M), with a 7.5% share of global exports. It was followed by Spain, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to -15.2%. In the other countries, the average annual rates were as follows: China (+0.4% per year) and Spain (-0.2% per year).

Exports By Type

Non-numerically controlled sharpening machines for working metal prevails in exports structure, amounting to 2.2M units, which was near 95% of total exports in 2022. Machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled (66K units) and machine-tools (40K units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-numerically controlled sharpening machines for working metal exports of stood at +5.5%. At the same time, machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled (+6.9%) displayed positive paces of growth. Moreover, machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled emerged as the fastest-growing type exported in the world, with a CAGR of +6.9% from 2012-2022. Machine-tools experienced a relatively flat trend pattern. While the share of non-numerically controlled sharpening machines for working metal (+3.6 p.p.) increased significantly, the shares of the other products remained relatively stable throughout the analyzed period.

In value terms, numerically controlled sharpening machines for working metal ($422M), machine-tools; grinding machines (other than flat-surface), in which positioning in any one axis can be set up to at least an accuracy of 0.01mm, other than numerically controlled ($226M) and non-numerically controlled sharpening machines for working metal ($199M) constituted the products with the highest levels of exports in 2022, together comprising 75% of global exports.

Among the main exported products, numerically controlled sharpening machines for working metal, with a CAGR of +3.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trends in the exports figures.

Export Prices By Type

In 2022, the average grinding and sharpening machine export price amounted to $444 per unit, picking up by 7% against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of 48%. The global export price peaked at $2,351 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was machine-tools ($118,743 per unit), while the average price for exports of non-numerically controlled sharpening machines for working metal ($89 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by numerically controlled sharpening machine (+5.8%), while the other products experienced a decline in the export price figures.

Export Prices By Country

In 2022, the average grinding and sharpening machine export price amounted to $444 per unit, rising by 7% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs at $2,351 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($1,009 per unit), while Belgium ($37 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform