What this market covers
Honing or lapping machines for working metals, metal carbides or cermets, without gear machines.
Typical segments
- Honing machines
- Lapping machines
- Cylinder honers
- Vertical honers
Why this market is moving now
- World trade shrank 26% from 2019 to 2024, a direct read on cross-border demand.
- China is gaining ground: its exports rose 38% from 2019 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of honing and lapping machine (HS 846040) were worth $336.9 million in 2024. | 336.9 USD million | 2024 | |
| World exports were 26% lower in 2024 than in 2019 ($452.6 million), calculated from the annual totals. | -26 % since 2019 | 2024 | |
| Germany was the largest exporter in 2024, with 22% of world exports ($73.5 million). | 22 % of world exports | 2024 | |
| The three largest exporters, Germany, Italy and Japan, shipped 49% of world exports in 2024. | 49 % of world exports | 2024 | |
| China was the largest importer in 2024, buying $66.1 million, or 20% of world imports. | 20 % of world imports | 2024 | |
| 22 countries exported more than $1 million of this product in 2024. | 22 countries | 2024 | |
| The average world export price was about $30.67 per kilogram in 2024, calculated from value and weight. | 30.67 USD per kg | 2024 | |
| Countries exported 11.0 thousand tonnes of this product in 2024. | 11.0 thousand tonnes | 2024 | |
| Among the ten largest exporters, China grew fastest, with exports up 38% from 2019 to 2024. | +38 % since 2019 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Engine makers
- Hydraulics makers
- Precision parts makers
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global honing and lapping machine market?
There is no single official market total. World exports of HS 846040 reached $336.9 million in 2024, a direct measure of cross-border trade.
Which countries export the most honing and lapping machine?
Germany led world exports in 2024 with 22% of the total, followed by Italy, Japan and China.
Which countries import the most honing and lapping machine?
China was the largest importer in 2024, followed by Thailand, the United States and India.
Is world trade in honing and lapping machine growing?
World exports were 26% lower in 2024 than in 2019.
What is the average export price of honing and lapping machine?
Dividing world export value by weight gives about $30.67 per kilogram in 2024.
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