According to our latest study on "Grinding Machinery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by type, industry, machine technology," the grinding machinery market size was valued at US$ 6,102.46 million in 2024 and is expected to reach US$ 8,441.31 million by 2031; it is estimated to record a CAGR of 4.9% from 2024 to 2031.

The grinding machinery market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. North America dominated the market in 2024, followed by Europe and APAC, respectively.

The North America grinding machinery market is segmented into the US, Canada, and Mexico. Technological advancements have led to high competition in the manufacturing industry across North America. The US is the second largest country in the world in terms of manufacturing machinery and equipment. Also, the country is one of the leading fabricated metal product manufacturers across the world. The aerospace & defense industry in North America is reporting tremendous growth owing to the stable economy, developed infrastructure, high technology adoption rate, and mounting investments by governments. In 2023, the government of Canada announced an investment of ?US$ 7.44 million to support Swiss business H55's opening in Canada. This investment is expected to attract global leaders in aircraft manufacturing to make Greater Montr