World - Grinding Or Polishing Machines For Working Stone, Ceramics And Concrete - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the current state of the global stone polishing machine market, highlighting a decrease in demand and consumption trends. Despite an increase in consumption in 2022, the overall market has been experiencing a decline since 2012. The article also covers production, imports, and exports of stone polishing machines, with key countries like India, the United States, and China playing significant roles in these trends. It provides insights into market value, growth rates, and average prices over the years.
Market Forecast
Depressed by shrinking demand for stone polishing machine worldwide, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -0.0% for the period from 2022 to 2030, which is projected to depress the market volume to 1.2M units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $2.2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Grinding Or Polishing Machines For Working Stone, Ceramics And Concrete
In 2022, consumption of grinding or polishing machines for working stone, ceramics and concrete increased by 1.2% to 1.2M units, rising for the second consecutive year after eight years of decline. In general, consumption, however, saw a noticeable setback. Over the period under review, global consumption hit record highs at 1.6M units in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
The global stone polishing machine market size declined to $1.7B in 2022, shrinking by -6.6% 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, however, saw a abrupt decrease. Global consumption peaked at $5.2B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (286K units), the United States (266K units) and Egypt (106K units), with a combined 57% share of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Egypt (with a CAGR of +27.2%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest stone polishing machine markets worldwide were India ($333M), China ($201M) and the United States ($138M), together comprising 39% of the global market. Brazil, South Korea, Egypt, Thailand and Canada lagged somewhat behind, together accounting for a further 11%.
Egypt, with a CAGR of +22.9%, recorded the highest rates of growth with regard to 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.
The countries with the highest levels of stone polishing machine per capita consumption in 2022 were Egypt (1,000 units per million persons), the United States (792 units per million persons) and Thailand (695 units per million persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Egypt (with a CAGR of +24.7%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Grinding Or Polishing Machines For Working Stone, Ceramics And Concrete
In 2022, production of grinding or polishing machines for working stone, ceramics and concrete increased by 3.2% to 599K units, rising for the second year in a row after six years of decline. Overall, production, however, continues to indicate a deep reduction. Over the period under review, global production attained the maximum volume at 1.6M units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
In value terms, stone polishing machine production rose to $1.4B in 2022 estimated in export price. In general, production, however, faced a abrupt curtailment. Over the period under review, global production reached the maximum level at $5.7B in 2012; however, from 2013 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (230K units), Germany (115K units) and Japan (70K units), with a combined 69% share of global production. South Korea and Italy lagged somewhat behind, together comprising a further 16%.
From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +3.7%), while production for the other global leaders experienced a decline in the production figures.
Imports
World Imports of Grinding Or Polishing Machines For Working Stone, Ceramics And Concrete
In 2022, the amount of grinding or polishing machines for working stone, ceramics and concrete imported worldwide expanded rapidly to 1M units, with an increase of 8.4% against 2021. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 100%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, stone polishing machine imports reduced to $924M in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 27%. As a result, imports attained the peak of $1.1B, and then fell in the following year.
Imports By Country
In 2022, India (290K units) and the United States (281K units) were the largest importers of grinding or polishing machines for working stone, ceramics and concreteacross the globe, together resulting at near 57% of total imports. It was distantly followed by Egypt (106K units), Brazil (94K units) and Thailand (49K units), together committing a 25% share of total imports. Canada (27K units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +36.2%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($129M) constitutes the largest market for imported grinding or polishing machines for working stone, ceramics and concrete worldwide, comprising 14% of global imports. The second position in the ranking was held by India ($46M), with a 5% share of global imports. It was followed by Brazil, with a 2.9% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +8.1%. In the other countries, the average annual rates were as follows: India (+7.5% per year) and Brazil (+5.4% per year).
Import Prices By Country
The average stone polishing machine import price stood at $918 per unit in 2022, with a decrease of -19.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 24% against the previous year. As a result, import price attained the peak level of $3,352 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
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 Canada ($794 per unit), while Egypt ($112 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Grinding Or Polishing Machines For Working Stone, Ceramics And Concrete
Global stone polishing machine exports skyrocketed to 448K units in 2022, with an increase of 23% on 2021 figures. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; 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 30% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, stone polishing machine exports declined slightly to $1.1B in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $1.1B, and then contracted slightly in the following year.
Exports By Country
China (138K units) and Germany (106K units) represented roughly 55% of total exports in 2022. It was distantly followed by Japan (68K units), South Korea (34K units) and Italy (26K units), together mixing up a 29% share of total exports. The following exporters - the United States (15K units) and Chile (12K units) - each reached a 6% share of total exports.
From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +122.0%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, China ($278M), Italy ($246M) and Germany ($181M) appeared to be the countries with the highest levels of exports in 2022, with a combined 65% share of global exports. South Korea, Japan, the United States and Chile lagged somewhat behind, together accounting for a further 13%.
In terms of the main exporting countries, Chile, with a CAGR of +40.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average stone polishing machine export price stood at $2,433 per unit in 2022, declining by -20.6% against the previous year. Overall, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. The global export price peaked at $3,301 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 Italy ($9,309 per unit), while Chile ($22 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.6%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global stone polishing machine market. 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 28491150 - Grinding or polishing machines for working stone, ceramics, c oncrete, asbestos-cement or like mineral materials or for cold working glass
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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