The global market size for External Cylindrical Grinding Machines was valued at approximately USD 1.2 billion in 2023 and is expected to grow to USD 1.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.5% during the forecast period. The steady increase in demand can be attributed to various growth factors, including the advancement in manufacturing technologies, the rise in automation, and the increasing need for precision engineering across various industries.
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