Europe: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Europe

The Europe market for grinding, sanding and polishing machines was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Production of Grinding, Sanding and Polishing Machines in Europe

In value terms, grinding, sanding and polishing machine production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a significant expansion. The growth pace was the most rapid in 2019 when the production volume increased by 6,618% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports in Europe

In 2021, after three years of growth, there was significant decline in shipments abroad of grinding, sanding and polishing machines, when their volume decreased by -12.6% to X units. Overall, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 65%. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 21%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Germany (X units), distantly followed by the Netherlands (X units), Belgium (X units), Portugal (X units) and Austria (X units) were the major exporters of grinding, sanding and polishing machines, together constituting 76% of total exports. Spain (X units), the UK (X units), France (X units), Poland (X units), Italy (X units), the Czech Republic (X units) and Sweden (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +54.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest grinding, sanding and polishing machine supplier in Europe, comprising 48% of total exports. The second position in the ranking was taken by Italy ($X), with a 23% share of total exports. It was followed by Austria, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled +5.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-0.3% per year) and Austria (+9.9% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, rising by 33% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 when the export price increased by 38% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the other leaders experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports in Europe

Grinding, sanding and polishing machine imports expanded markedly to X units in 2021, with an increase of 13% against the previous year. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.3% against 2017 indices. The growth pace was the most rapid in 2020 when imports increased by 39%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X units) and Germany (X units) were the main importers of grinding, sanding and polishing machines in 2021, resulting at approx. 26% and 18% of total imports, respectively. It was distantly followed by the Netherlands (X units) and Belgium (X units), together achieving a 23% share of total imports. France (X units), Spain (X units), Austria (X units), Poland (X units), Italy (X units), Sweden (X units), Russia (X units) and the Czech Republic (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding, sanding and polishing machine importing markets in Europe were Germany ($X), Russia ($X) and Austria ($X), with a combined 36% share of total imports. France, the UK, Belgium, the Netherlands, Poland, the Czech Republic, Italy, Spain and Sweden lagged somewhat behind, together accounting for a further 38%.

Spain, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per unit, flattening at the previous year. Over the period under review, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 25%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform