U.S.: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in the U.S.

The U.S. market for grinding, sanding and polishing machines soared to $X in 2021, picking up by 16% 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, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.0% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from the U.S.

In 2021, overseas shipments of grinding, sanding and polishing machines increased by 127% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports enjoyed notable growth. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2021. Over the period under review, exports, however, saw a slight decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for grinding, sanding and polishing machine exports from the United States, with a 88% share of total exports. Moreover, grinding, sanding and polishing machine exports to Canada exceeded the volume sent to the second major destination, Australia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-0.5% per year) and Mexico (+0.6% per year).

In value terms, Canada ($X) remains the key foreign market for grinding, sanding and polishing machines exports from the United States, comprising 55% of total exports. The second position in the ranking was taken by Mexico ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.6% per year) and Australia (+12.4% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, with a decrease of -42.2% against the previous year. In general, the export price saw a pronounced setback. The pace of growth was the most pronounced in 2019 when the average export price increased by 51%. The export price peaked at $X per unit in 2020, and then declined significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into the U.S.

In 2021, approx. X units of grinding, sanding and polishing machines were imported into the United States; surging by 6.5% on the previous year. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 37%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 24% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest grinding, sanding and polishing machine supplier to the United States, with a 77% share of total imports. Moreover, grinding, sanding and polishing machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.6% per year) and Germany (+2.8% per year).

In value terms, Germany ($X), Taiwan (Chinese) ($X) and China ($X) were the largest grinding, sanding and polishing machine suppliers to the United States, with a combined 69% share of total imports.

Taiwan (Chinese), with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, rising by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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