DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "Grinder-Global Market Trajectory and Analysis" report to the products of ResearchAndMarkets.com.

During the COVID-19 crisis, the global grinder market in 2020 is estimated to be USD 4.5 billion and is expected to reach a revised USD 5.6 billion by 2027, growing at a compound annual growth rate of 3.1% during the 2020 analysis period-2027.

Surface grinders are one of the market segments analyzed in the report, and it is expected that by the end of the analysis period, the compound annual growth rate will reach 3.2% and reach 1.9 billion US dollars. After an early analysis of the business impact of the pandemic and the economic crisis it triggered, the growth of the cylindrical grinding machine division was re-adjusted to a revised 3.2% compound annual growth rate over the next 7 years.

The US market is estimated at US$1.2 billion, while China is expected to grow at a compound annual growth rate of 5.7%

The U.S. grinder market is estimated to be 1.2 billion U.S. dollars in 2020. China is the second largest economy in the world. It is estimated that the market size will reach 1.2 billion US dollars by 2027, with a compound annual growth rate of 5.7% during the analysis period from 2020 to 2027. Other notable geographic markets include Japan and Canada, which are expected to grow by 0.9% and 2.3% respectively between 2020 and 2027. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 1.5%.

The centerless grinding machine segment has a compound annual growth rate of 2.7%

In the global centerless grinding machine segment, the United States, Canada, Japan, China and Europe will drive the segment’s expected compound annual growth rate of 2.2%. The total market size of these regional markets in 2020 is US$815.7 million, and by the end of the analysis period, the size is expected to reach US$952.3 million. China will remain one of the fastest growing countries in this regional market cluster. Driven by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$781.7 million by 2027, while Latin America will grow at a compound annual growth rate of 3.5% throughout the analysis period.

For more information about this report, please visit https://www.researchandmarkets.com/r/rl4m0d

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900