World - Numerically Controlled Sharpening Machines For Working Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNumerically Controlled Sharpening Machine Market
Driven by increasing demand for numerically controlled sharpening machines worldwide, the market is projected to reach 77K units and $2.9B in value by 2030. Consumption, production, imports, and exports show fluctuating trends with notable growth rates seen in countries like Botswana, Singapore, and Australia. China leads the market in both imports and exports, while Australia exhibits the highest growth rate in export value. Average prices and per capita consumption data provide further insights into market dynamics.
Market Forecast
Driven by increasing demand for numerically controlled sharpening machines for working metal 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 +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 77K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $2.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Numerically Controlled Sharpening Machines For Working Metal
Global numerically controlled sharpening machine consumption soared to 69K units in 2022, growing by 17% compared with the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.7% against 2018 indices. As a result, consumption attained the peak volume of 86K units. From 2015 to 2022, the growth of the global consumption remained at a somewhat lower figure.
The global numerically controlled sharpening machine market size rose significantly to $2B in 2022, with an increase of 7.2% against 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 continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $2.8B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (7.9K units), Singapore (6.4K units) and Botswana (6K units), together accounting for 30% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Botswana (with a CAGR of +73.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($410M), the United States ($313M) and Japan ($198M) were the countries with the highest levels of market value in 2022, together accounting for 45% of the global market. Indonesia, India, Australia, Russia, Thailand, Italy, Pakistan and Singapore lagged somewhat behind, together accounting for a further 32%.
Singapore, with a CAGR of +41.5%, recorded the highest growth rate of market size among 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 numerically controlled sharpening machine per capita consumption was registered in Botswana (2,472 units per million persons), followed by Singapore (1,110 units per million persons), Kuwait (405 units per million persons) and Australia (115 units per million persons), while the world average per capita consumption of numerically controlled sharpening machine was estimated at 0.1 units per million persons.
From 2012 to 2022, the average annual rate of growth in terms of the numerically controlled sharpening machine per capita consumption in Botswana totaled +70.7%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Singapore (+39.5% per year) and Kuwait (+18.7% per year).
Production
World Production of Numerically Controlled Sharpening Machines For Working Metal
In 2022, approx. 60K units of numerically controlled sharpening machines for working metal were produced worldwide; rising by 9.4% compared with the year before. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 85% against the previous year. As a result, production attained the peak volume of 86K units. From 2015 to 2022, global production growth remained at a lower figure.
In value terms, numerically controlled sharpening machine production rose notably to $2.2B in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. Over the period under review, global production reached the peak level at $3.1B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (9.3K units), Singapore (6K units) and the United States (5K units), with a combined 34% share of global production. Australia, India, Italy, Thailand, Japan, Pakistan, Russia, Indonesia, Nigeria and Bangladesh lagged somewhat behind, together comprising a further 39%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Australia (with a CAGR of +32.1%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Numerically Controlled Sharpening Machines For Working Metal
In 2022, global numerically controlled sharpening machine imports soared to 19K units, growing by 61% compared with 2021 figures. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, numerically controlled sharpening machine imports rose notably to $525M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 41%. Global imports peaked at $671M in 2018; however, from 2019 to 2022, imports failed to regain momentum.
Imports By Country
Botswana was the main importer of numerically controlled sharpening machines for working metal in the world, with the volume of imports accounting for 6K units, which was approx. 31% of total imports in 2022. The Netherlands (1.4K units) held the second position in the ranking, followed by the UK (1.4K units), the Philippines (1.3K units), Kuwait (1.1K units) and China (0.9K units). All these countries together held approx. 32% share of total imports. The United States (848 units), Russia (646 units), Singapore (530 units), Malaysia (470 units), India (357 units) and Germany (319 units) held a little share of total imports.
Botswana was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal imports, with a CAGR of +96.5% from 2012 to 2022. At the same time, the Netherlands (+70.3%), Kuwait (+50.7%), the Philippines (+23.3%), India (+18.8%), Russia (+17.3%), Malaysia (+12.6%), Germany (+3.9%) and the United States (+3.5%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, the UK (-7.7%) and Singapore (-13.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Botswana, the Netherlands, Kuwait, the Philippines and Russia increased by +31, +7.4, +5.8, +5.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($200M) constitutes the largest market for imported numerically controlled sharpening machines for working metal worldwide, comprising 38% of global imports. The second position in the ranking was taken by the United States ($87M), with a 17% share of global imports. It was followed by Germany, with a 7.1% share.
In China, numerically controlled sharpening machine imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+3.2% per year) and Germany (+5.4% per year).
Import Prices By Country
In 2022, the average numerically controlled sharpening machine import price amounted to $27,219 per unit, falling by -30.5% against the previous year. Overall, the import price showed a deep contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 97%. Global import price peaked at $64,103 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($226,780 per unit), while Kuwait ($68 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Numerically Controlled Sharpening Machines For Working Metal
In 2022, shipments abroad of numerically controlled sharpening machines for working metal increased by 29% to 11K units, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by 70%. As a result, the exports reached the peak of 19K units. From 2017 to 2022, the growth of the global exports remained at a lower figure.
In value terms, numerically controlled sharpening machine exports totaled $422M in 2022. In general, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. Over the period under review, the global exports hit record highs at $444M in 2018; however, from 2019 to 2022, the exports remained at a lower figure.
Exports By Country
In 2022, China (2.3K units), Australia (1.6K units) and Thailand (1.2K units) was the major exporter of numerically controlled sharpening machines for working metal in the world, committing 48% of total export. It was distantly followed by Italy (770 units), Germany (706 units), Taiwan (Chinese) (558 units) and Japan (509 units), together mixing up a 24% share of total exports. Hong Kong SAR (477 units), the UK (376 units), the United States (220 units), Switzerland (206 units) and India (197 units) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of +87.7%), while the other global leaders experienced more modest paces of growth.
In value terms, Germany ($95M), Thailand ($87M) and Switzerland ($51M) appeared to be the countries with the highest levels of exports in 2022, with a combined 55% share of global exports. Australia, Japan, Taiwan (Chinese), China, Italy, the United States, India, the UK and Hong Kong SAR lagged somewhat behind, together accounting for a further 39%.
Australia, with a CAGR of +121.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average numerically controlled sharpening machine export price amounted to $39,515 per unit, which is down by -16.7% against the previous year. In general, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 79%. Over the period under review, the average export prices reached the peak figure at $47,418 per unit in 2021, and then declined sharply in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($247,766 per unit), while Hong Kong SAR ($1,546 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+30.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for numerically controlled sharpening machine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines for working metal
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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