Wood Polishing Machine Market

Wood polishing machine market: enjoy new datasets provided by an Ai-driven BI platform. Datasets provide production, exports, market size, consumption, imports, market prices, trade, and companies. Here is a breakdown by region, including the Middle East, Latin America, the U.S., Russia, Africa, China, the U.K., and EU. Market trends and outlook to 2030 are also featured in the snapshots.

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Wood Polishing Machine - World's Largest Markets

In value terms, Germany led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Taiwan (Chinese).

In Germany, the grinding, sanding and polishing machine market remained relatively stable over the period from 2019-2021. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-17.0% per year) and Taiwan (Chinese) (+1.1% per year).

Grinding, Sanding and Polishing Machine Prices

Grinding, Sanding and Polishing Machine - Top Importers

In value terms, the United States ($138M) constitutes the largest market for imported grinding, sanding and polishing machines worldwide, comprising 28% of global imports. The second position in the ranking was occupied by Vietnam ($37M), with a 7.6% share of global imports. It was followed by China, with a 6.7% share.

From 2019 to 2021, the average annual growth rate of value in the United States stood at +1.9%. In the other countries, the average annual rates were as follows: Vietnam (-2.7% per year) and China (-3.1% per year).

Grinding, Sanding and Polishing Machine - Top Exporters

In value terms, China ($129M), Germany ($121M) and Taiwan (Chinese) ($55M) constituted the countries with the highest levels of exports in 2021, together accounting for 62% of global exports. These countries were followed by Austria, the Netherlands, Belgium and Portugal, which together accounted for a further 5.3%.

Belgium (+86.0% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Grinding, Sanding and Polishing Machine - Market Forecast

The market for grinding, sanding and polishing machine is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -4.7% for the nine-year period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Wood Polishing Machine - Product Coverage

• HS 846593 - Machine-tools; grinding, sanding or polishing machines, for working wood, cork, bone, hard rubber, hard plastics or similar hard materials

Source: IndexBox Market Intelligence Platform