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World - Dental Drill Engines - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the anticipated decrease in the dental drill engine market over the next eight years, with a projected CAGR of -0.3% in volume and +3.1% in value. It highlights the key trends in consumption, production, imports, and exports, with insights into the top consuming and producing countries. The analysis also covers fluctuations in market patterns and prices, providing a comprehensive overview of the global dental drill engine market.
Market Forecast
The dental drill engine market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.3% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 3.5M units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $24.8B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Dental Drill Engines
In 2022, the amount of dental drill engines consumed worldwide soared to 3.6M units, jumping by 29% against the previous year. The total consumption volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The global dental drill engine market size expanded rapidly to $19.4B in 2022, increasing by 15% 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). In general, consumption continues to indicate a slight increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (1.1M units), China (619K units) and Germany (247K units), together comprising 56% of global consumption.
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +21.5%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($7.3B), the United States ($3.9B) and Japan ($1.1B) constituted the countries with the highest levels of market value in 2022, with a combined 63% share of the global market.
The United States, with a CAGR of +19.9%, saw 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.
The countries with the highest levels of dental drill engine per capita consumption in 2022 were the United States (3.4 units per 1000 persons), Germany (3 units per 1000 persons) and Turkey (0.8 units per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.7%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Dental Drill Engines
In 2022, approx. 2.6M units of dental drill engines were produced worldwide; picking up by 3.1% against the previous year's figure. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 5.5%. Global production peaked in 2022 and is likely to continue growth in the immediate term.
In value terms, dental drill engine production reduced to $16.2B in 2022 estimated in export price. Overall, production, however, saw a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. As a result, production attained the peak level of $18.4B. From 2018 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
The country with the largest volume of dental drill engine production was China (645K units), comprising approx. 25% of total volume. Moreover, dental drill engine production in China exceeded the figures recorded by the second-largest producer, Germany (273K units), twofold. The third position in this ranking was held by India (244K units), with a 9.4% share.
From 2012 to 2022, the average annual growth rate of volume in China amounted to +2.7%. The remaining producing countries recorded the following average annual rates of production growth: Germany (+3.1% per year) and India (+1.3% per year).
Imports
World Imports of Dental Drill Engines
In 2022, supplies from abroad of dental drill engines increased by 170% to 1.2M units, rising for the sixth year in a row after three years of decline. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, dental drill engine imports reduced to $574M in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 65%. As a result, imports reached the peak of $655M, and then fell in the following year.
Imports By Country
The United States prevails in imports structure, accounting for 953K units, which was near 83% of total imports in 2022. Turkey (22K units) took a little share of total imports.
The United States was also the fastest-growing in terms of the dental drill engines imports, with a CAGR of +342.0% from 2012 to 2022. At the same time, Turkey (+12.3%) displayed positive paces of growth. The United States (+83 p.p.) significantly strengthened its position in terms of the global imports, while Turkey saw its share reduced by -3.2% from 2012 to 2022, respectively.
In value terms, the United States ($91M) constitutes the largest market for imported dental drill engines worldwide, comprising 16% of global imports. The second position in the ranking was held by Turkey ($20M), with a 3.4% share of global imports.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.
Import Prices By Country
In 2022, the average dental drill engine import price amounted to $499 per unit, falling by -67.6% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 14%. Over the period under review, average import prices hit record highs at $3,853 per unit in 2013; however, from 2014 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 Turkey ($910 per unit), while the United States amounted to $96 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-6.6%).
Exports
World Exports of Dental Drill Engines
Global dental drill engine exports amounted to 180K units in 2022, picking up by 3.7% on the previous year's figure. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +56.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, dental drill engine exports declined dramatically to $619M in 2022. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +78.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. As a result, the exports reached the peak of $739M, and then contracted dramatically in the following year.
Exports By Country
In 2022, Italy (47K units), Germany (37K units) and China (30K units) was the largest exporter of dental drill engines in the world, achieving 64% of total export. Finland (15K units) ranks next in terms of the total exports with an 8.6% share, followed by Slovakia (4.7%). The United States (7K units), Denmark (6.3K units), Hong Kong SAR (3.5K units), Belgium (3.4K units) and South Korea (3.4K units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +27.0%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Germany ($116M), Italy ($116M) and China ($70M) constituted the countries with the highest levels of exports in 2022, together comprising 49% of global exports. Finland, the United States, Belgium, Denmark, South Korea, Slovakia and Hong Kong SAR lagged somewhat behind, together comprising a further 30%.
In terms of the main exporting countries, Belgium, with a CAGR of +34.8%, saw the highest rates of growth with regard to 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 dental drill engine export price stood at $3,450 per unit in 2022, declining by -19.2% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2019 an increase of 21%. Over the period under review, the average export prices hit record highs at $5,027 per unit in 2020; however, from 2021 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 Belgium ($8,120 per unit), while Slovakia ($1,978 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.6%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global dental drill engine 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 32501130 - Dental drill engines, whether or not combined on a single base with other dental equipment
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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