The global tree milling machine market is poised to reach a valuation of USD 1,178.2 million in 2023. From 2023 to 2033, a slow 3.3% CAGR is expected for the market, which should result in a valuation of USD 1,630.1 million in 2033. In 2022, the value of the market had reached USD 1,140.6 million, and in 2023, a 4.8% Y-o-Y growth is expected.
Tree milling machines, known simply as milling machines in several parts of the world, are used for producing flour, animal feed, and a variety of other food products. In the flour production sector, tree milling machines are typically parts of flour milling plants. In these plants, tree milling machines are used for grinding flour for mass production of various wheat flour classes, which are classified based on their use and protein content. White flour, brown flour, and wholemeal flour are the final products of the flour milling process.
White flour, known commonly as all purpose flour, goes on to be used for making bakery products such as biscuits, cakes, cookies, and muffins. Brown flour features wheat bran alongside white flour and its nutty flavor has found favor in restaurants and home kitchens around the world for thickening sauces. Wholemeal flour also has baking applications, and is primarily used for baking brown bread. Other food products that are obtained through tree milling machines include corn cones, corn meal, brewers’ grits, and flaking grits.
In the coming years, Future Market Insights (FMI) expects demand for whole-meal flour to surge owing to its high protein content and health benefits. FMI also predicts substantial expansion of the global food service industry between 2023 and 2033. These factors are poised to fuel demand for tree milling machines over the next decade.
Tree milling machines also have applications in feed milling, which involves grinding feed ingredients and processing them so they are fit for animals to consume. In the animal feed production sector, tree milling machines are considered very important as their use results in feed that animals can digest easily.
Commercial animal feed production is a profitable market, and estimates suggest that it generates USD 400 billion every year. FMI predicts significant expansion of commercial animal feed production of activities from 2023 to 2033, which should also provide a boost to the tree milling machine market.
| Attributes | Key Insights |
|---|---|
| Global Tree Milling Machine Market Estimated Size (2023E) | USD 1,178.2 million |
| Projected Market Valuation (2033F) | USD 1,630.1 million |
| Value-based CAGR (2023 to 2033) | 3.3% |
| Market Share of the United States | 32.8% |
The value of the market for tree milling machines increased from USD 945.5 million in 2018 to USD 1,140.6 million in 2022. The observed CAGR from 2018 to 2022 was a steady 4.8%.
The food & beverage industry is one of the predominant end users of tree milling machines. The increasing demand for processed and packaged foods is driving the need for efficient tree milling machines that can produce a variety of food products.
Tree milling machines offer several benefits over traditional milling machines, including higher output, more versatility, and lower operating costs. These factors are expected to continue to drive robust acceleration in the tree milling machine market between 2023 and 2033.
FMI’s analysts have leveraged their expertise and experience to identify factors that are anticipated to drive, restrain, threaten, and provide opportunities in the tree milling machine market.
The Drivers, Restraints, Opportunities, and Threats identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Presence of Numerous Food & Beverage Manufacturers to Ensure High Demand for Tree Milling Machines in North America
The United States is expected to be the dominant market for tree milling machines in North America, due to the presence numerous of food & beverage manufacturers in the country. The growing demand for processed food is also fueling the expansion of this market in the United States.
Canada is another key market for tree milling machines in the North America due to the increasing demand being experienced by country’s food processing industry. The growing population and changing lifestyles are the factors fueling market expansion in Canada. The United States has a share of 32.8% in the global market for tree milling machines.
Versatility of Tree Milling Machines to Contribute To Greater Demand From 2023 to 2033.
The food and beverage industry in Europe is a growing market for tree milling machines. Tree milling machines are versatile and can be used for a variety of applications, from grinding flour to producing juices and other food and beverage products.
Europe market for tree milling machines is expected to accelerate at a steady pace in the next few years. This acceleration is poised to be driven by the increasing demand for healthy and nutritious food products, as well as the need for efficient and cost-effective production methods.
German market accounts for around 26.1% of the market for tree milling machines, while the anticipated CAGR in the United Kingdom is a steady 5.9% from 2023 to 2033.
Climbing Demand for Processed Food Products to Expand Market In Asia Pacific
Asia Pacific is one of the leading markets for processed food and beverages. Rising income levels and changing lifestyle patterns are the key factors driving the growth of the processed food and beverage industry in the region. These factors are projected to have a positive impact on the demand for tree milling machines in Europe between 2023 and 2033.
India and China are the market leaders in Asia Pacific, and a healthy 6.0% CAGR is predicted for both markets. Japan is estimated to have a 5.7% share in of the global market for tree milling machines.
Higher Efficiency and Reduced Wastage To Make Tree Milling Machines More Popular than Conventional Milling Machines
Tree milling machines offer several advantages over traditional milling methods. For starters, they offer greater efficiency, which makes them perfect for mass production purposes. They also consume lesser energy, which is helpful in keeping operational costs in check.
Limited wastage is also one of the advantages that tree milling machines provide compared to conventional milling machines. As the world is anticipated to take steps to limit wastage for the environment’s sake in the years ahead, adoption of tree milling machines is poised to be encouraged by governments. Tree milling machines also offer ease-of-use and their maintenance costs tend to be lower due to greater durability.
Increasing Adoption of Tree Milling Machines in Bakeries to Generate More Market Revenue
Tree milling machines are used in bakeries to grind wheat flour. The machine consists of a cylinder with rotating blades that grind the wheat grains into flour. The flour is then sifted and packaged for sale. Tree milling machines are versatile and can be used for a variety of flour grinding applications.
Bakeries can enjoy complete control over the quality of flour products through the use of tree milling machines. For luxury bakery and confectionery brands, flour products with minimal impurities are priorities. To produce these impurity-free products, tree milling machine use is mandatory. Tree milling machine use is also set to grow among bakeries and confectioneries catering to middle and low-income groups as the machines can also efficiently produce affordable flour products.
Anticipated Increase in Penetration of Online Sales Channels to Connect More Buyers and Manufacturers
Online sales channels are already putting offline channels to shame and FMI expects the gap between the two to grow larger from 2023 to 2033. While tree milling machines have conventionally been traded offline, the changing times indicate that online sales are likely to be boosted in the near future.
Manufacturers are expected to go all out in terms of their marketing efforts for showcasing their products to audiences worldwide. Attractive offers and discount deals across online sales channels are anticipated to skyrocket as manufacturers make profitability their focus.
The market for tree milling machine is expected to expand significantly in the next few years. The competitive landscape of the market is highly fragmented with several small and medium-sized manufacturers. The key players in the market are focused on expanding their product portfolios to cater to the growing demand from end users.
Several leading companies in the tree milling machine industry are Roots Corporation, Kubota Corporation, John Deere, and Caterpillar Inc. These companies are estimated to hold a significant share in the global market due to their strong brand presence and large customer base. They are also investing heavily in research & development activities to introduce innovative products in the market.
For instance:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,178.2 million |
| Projected Market Valuation (2033) | USD 1,630.1 million |
| Value-based CAGR (2023 to 2033) | 3.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD million) |
| Key Regions Covered | North America; Europe; Asia Pacific; Latin America; Middle East and Africa; Rest of the World |
| Key Countries Covered | USA, Canada, Mexico, Germany, United Kingdom, France, Russia, Brazil, Argentina, Japan, Australia, China, India, Indonesia, South Korea |
| Key Segments Covered | Production, Application, Sales Channel, Region |
| Key Companies Profiled | Roots Corporation; Kubota Corporation; John Deere; Caterpillar Inc; imes-icore GmbH; Holzmann Maschinen GmbH; Mecanumeric Group; InfoTEC CNC; CNC-STEP GmbH & Co. KG; HoPa-Maschinenbau GmbH; Grünwelt Maschinen GmbH |
| Report Coverage | Strategic Growth Initiatives, DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, and Competitive Landscape. |
Table 1: Global Market Value (US$ million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (MT) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ million) Forecast by Type of Production, 2018 to 2033
Table 4: Global Market Volume (MT) Forecast by Type of Production, 2018 to 2033
Table 5: Global Market Value (US$ million) Forecast by Application, 2018 to 2033
Table 6: Global Market Volume (MT) Forecast by Application, 2018 to 2033
Table 7: North America Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ million) Forecast by Type of Production, 2018 to 2033
Table 10: North America Market Volume (MT) Forecast by Type of Production, 2018 to 2033
Table 11: North America Market Value (US$ million) Forecast by Application, 2018 to 2033
Table 12: North America Market Volume (MT) Forecast by Application, 2018 to 2033
Table 13: Latin America Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ million) Forecast by Type of Production, 2018 to 2033
Table 16: Latin America Market Volume (MT) Forecast by Type of Production, 2018 to 2033
Table 17: Latin America Market Value (US$ million) Forecast by Application, 2018 to 2033
Table 18: Latin America Market Volume (MT) Forecast by Application, 2018 to 2033
Table 19: Europe Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 20: Europe Market Volume (MT) Forecast by Country, 2018 to 2033
Table 21: Europe Market Value (US$ million) Forecast by Type of Production, 2018 to 2033
Table 22: Europe Market Volume (MT) Forecast by Type of Production, 2018 to 2033
Table 23: Europe Market Value (US$ million) Forecast by Application, 2018 to 2033
Table 24: Europe Market Volume (MT) Forecast by Application, 2018 to 2033
Table 25: East Asia Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 27: East Asia Market Value (US$ million) Forecast by Type of Production, 2018 to 2033
Table 28: East Asia Market Volume (MT) Forecast by Type of Production, 2018 to 2033
Table 29: East Asia Market Value (US$ million) Forecast by Application, 2018 to 2033
Table 30: East Asia Market Volume (MT) Forecast by Application, 2018 to 2033
Table 31: South Asia Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 32: South Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 33: South Asia Market Value (US$ million) Forecast by Type of Production, 2018 to 2033
Table 34: South Asia Market Volume (MT) Forecast by Type of Production, 2018 to 2033
Table 35: South Asia Market Value (US$ million) Forecast by Application, 2018 to 2033
Table 36: South Asia Market Volume (MT) Forecast by Application, 2018 to 2033
Table 37: Oceania Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 38: Oceania Market Volume (MT) Forecast by Country, 2018 to 2033
Table 39: Oceania Market Value (US$ million) Forecast by Type of Production, 2018 to 2033
Table 40: Oceania Market Volume (MT) Forecast by Type of Production, 2018 to 2033
Table 41: Oceania Market Value (US$ million) Forecast by Application, 2018 to 2033
Table 42: Oceania Market Volume (MT) Forecast by Application, 2018 to 2033
Table 43: MEA Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 44: MEA Market Volume (MT) Forecast by Country, 2018 to 2033
Table 45: MEA Market Value (US$ million) Forecast by Type of Production, 2018 to 2033
Table 46: MEA Market Volume (MT) Forecast by Type of Production, 2018 to 2033
Table 47: MEA Market Value (US$ million) Forecast by Application, 2018 to 2033
Table 48: MEA Market Volume (MT) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ million) by Type of Production, 2023 to 2033
Figure 2: Global Market Value (US$ million) by Application, 2023 to 2033
Figure 3: Global Market Value (US$ million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (MT) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ million) Analysis by Type of Production, 2018 to 2033
Figure 9: Global Market Volume (MT) Analysis by Type of Production, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Type of Production, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type of Production, 2023 to 2033
Figure 12: Global Market Value (US$ million) Analysis by Application, 2018 to 2033
Figure 13: Global Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 16: Global Market Attractiveness by Type of Production, 2023 to 2033
Figure 17: Global Market Attractiveness by Application, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ million) by Type of Production, 2023 to 2033
Figure 20: North America Market Value (US$ million) by Application, 2023 to 2033
Figure 21: North America Market Value (US$ million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ million) Analysis by Type of Production, 2018 to 2033
Figure 27: North America Market Volume (MT) Analysis by Type of Production, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Type of Production, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type of Production, 2023 to 2033
Figure 30: North America Market Value (US$ million) Analysis by Application, 2018 to 2033
Figure 31: North America Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 34: North America Market Attractiveness by Type of Production, 2023 to 2033
Figure 35: North America Market Attractiveness by Application, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ million) by Type of Production, 2023 to 2033
Figure 38: Latin America Market Value (US$ million) by Application, 2023 to 2033
Figure 39: Latin America Market Value (US$ million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ million) Analysis by Type of Production, 2018 to 2033
Figure 45: Latin America Market Volume (MT) Analysis by Type of Production, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type of Production, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type of Production, 2023 to 2033
Figure 48: Latin America Market Value (US$ million) Analysis by Application, 2018 to 2033
Figure 49: Latin America Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Type of Production, 2023 to 2033
Figure 53: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Europe Market Value (US$ million) by Type of Production, 2023 to 2033
Figure 56: Europe Market Value (US$ million) by Application, 2023 to 2033
Figure 57: Europe Market Value (US$ million) by Country, 2023 to 2033
Figure 58: Europe Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 59: Europe Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Europe Market Value (US$ million) Analysis by Type of Production, 2018 to 2033
Figure 63: Europe Market Volume (MT) Analysis by Type of Production, 2018 to 2033
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type of Production, 2023 to 2033
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type of Production, 2023 to 2033
Figure 66: Europe Market Value (US$ million) Analysis by Application, 2018 to 2033
Figure 67: Europe Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 70: Europe Market Attractiveness by Type of Production, 2023 to 2033
Figure 71: Europe Market Attractiveness by Application, 2023 to 2033
Figure 72: Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: East Asia Market Value (US$ million) by Type of Production, 2023 to 2033
Figure 74: East Asia Market Value (US$ million) by Application, 2023 to 2033
Figure 75: East Asia Market Value (US$ million) by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 77: East Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: East Asia Market Value (US$ million) Analysis by Type of Production, 2018 to 2033
Figure 81: East Asia Market Volume (MT) Analysis by Type of Production, 2018 to 2033
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Type of Production, 2023 to 2033
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Type of Production, 2023 to 2033
Figure 84: East Asia Market Value (US$ million) Analysis by Application, 2018 to 2033
Figure 85: East Asia Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 88: East Asia Market Attractiveness by Type of Production, 2023 to 2033
Figure 89: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia Market Value (US$ million) by Type of Production, 2023 to 2033
Figure 92: South Asia Market Value (US$ million) by Application, 2023 to 2033
Figure 93: South Asia Market Value (US$ million) by Country, 2023 to 2033
Figure 94: South Asia Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 95: South Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia Market Value (US$ million) Analysis by Type of Production, 2018 to 2033
Figure 99: South Asia Market Volume (MT) Analysis by Type of Production, 2018 to 2033
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Type of Production, 2023 to 2033
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Type of Production, 2023 to 2033
Figure 102: South Asia Market Value (US$ million) Analysis by Application, 2018 to 2033
Figure 103: South Asia Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 104: South Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 106: South Asia Market Attractiveness by Type of Production, 2023 to 2033
Figure 107: South Asia Market Attractiveness by Application, 2023 to 2033
Figure 108: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 109: Oceania Market Value (US$ million) by Type of Production, 2023 to 2033
Figure 110: Oceania Market Value (US$ million) by Application, 2023 to 2033
Figure 111: Oceania Market Value (US$ million) by Country, 2023 to 2033
Figure 112: Oceania Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 113: Oceania Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: Oceania Market Value (US$ million) Analysis by Type of Production, 2018 to 2033
Figure 117: Oceania Market Volume (MT) Analysis by Type of Production, 2018 to 2033
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Type of Production, 2023 to 2033
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Type of Production, 2023 to 2033
Figure 120: Oceania Market Value (US$ million) Analysis by Application, 2018 to 2033
Figure 121: Oceania Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 122: Oceania Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 124: Oceania Market Attractiveness by Type of Production, 2023 to 2033
Figure 125: Oceania Market Attractiveness by Application, 2023 to 2033
Figure 126: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 127: MEA Market Value (US$ million) by Type of Production, 2023 to 2033
Figure 128: MEA Market Value (US$ million) by Application, 2023 to 2033
Figure 129: MEA Market Value (US$ million) by Country, 2023 to 2033
Figure 130: MEA Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 131: MEA Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: MEA Market Value (US$ million) Analysis by Type of Production, 2018 to 2033
Figure 135: MEA Market Volume (MT) Analysis by Type of Production, 2018 to 2033
Figure 136: MEA Market Value Share (%) and BPS Analysis by Type of Production, 2023 to 2033
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Type of Production, 2023 to 2033
Figure 138: MEA Market Value (US$ million) Analysis by Application, 2018 to 2033
Figure 139: MEA Market Volume (MT) Analysis by Application, 2018 to 2033
Figure 140: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 141: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 142: MEA Market Attractiveness by Type of Production, 2023 to 2033
Figure 143: MEA Market Attractiveness by Application, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The global market is forecasted to grow at a moderate CAGR of 3.3% through 2033.
The net worth of the global market could reach around USD 1,630.1 million by 2033.
The regional market holds a dominating market share of roughly 32.8% at the present time.
Growing industrialization is expected to drive the market in China at a 6% CAGR until 2033.
The use of tree milling machines in bakeries is experiencing rapid growth these days.
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