New findings from Global Industry Analysts reveal that the global industrial coffee grinders market will reach US$86.1 million by 2026. It will grow at a compound annual growth (CAGR) of 4.8% over the analysis period. The research firm added that amidst the COVID-19 crisis in 2020, the global market was at $64.9 million.
Industrial rollers (used in coffee grinders), one of the segments analysed in the report, is projected to record a 4.9% CAGR and reach $67.5 million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Burr segment (also used in grinders), on the other hand, is readjusted to a revised 4.5% CAGR for the next seven-year period, the report revealed.Meanwhile, the industrial coffee grinders market in the US is estimated to reach $18.1 million in 2021. China, the world`s second-largest economy, is projected to grow by $17.6 million in 2026, trailing a CAGR of 7.8% over the analysis period. Other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8%, respectively, over the analysis period. Lastly, in Europe, Germany is forecast to grow at approximately 3.4% CAGR. (Image from Unsplash)
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