Grinding wheel market: Growth opportunities led by 3M Co. and Andre Abrasive Articles

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08 Dec, 2022, 09:00 ET

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NEW YORK, Dec. 8, 2022 /PRNewswire/ -- The grinding wheel market size is forecasted to increase by USD 5,877.71 million from 2022 to 2027, at a CAGR of 5.24%, according to the recent market study by Technavio. The growth of the market will be driven by the constant demand from oil and gas industries, growing aerospace and defense industries in developing economies, and rising demand for fabricated metal products.

Technavio categorizes the global grinding wheel market as a part of the industrial machinery market, which covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report

The market is segmented by type (straight wheels, cylindrical wheels, diamond wheels, and others) and material (artificial abrasives and natural abrasives).

Segmentation by type (inclusion/exclusion)

The straight wheels segment grew gradually by USD 5,313.81 million between 2017 and 2021. Straight wheels are used widely for cylindrical, centerless, and surface grinding operations. Such wheels vary significantly in size, diameter, and width. They are the most common type of wheels and are used extensively on bench or pedestal grinders. Such applications of straight wheels and their availability will drive the growth of the segment during the forecast period.

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Technavio has extensively analyzed 15 major vendors, including 3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels MFG. Co. Ltd., Thai GCI Resitop Co. Ltd., Tyrolit KG, and Wendt (India) Ltd.

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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

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Related Reports -

Grinding Machinery Market by End-user and Geography - Forecast and Analysis 2022-2026 – size is estimated to increase by USD 1.33 billion from 2021 to 2026, with an accelerated CAGR of 5.23%, according to the recent market study by Technavio. Furthermore, this report extensively covers market segmentation by end-user (industrial machinery, automotive, precision machinery, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Grinding Robots Market by End-user, Solution, and Geography - Forecast and Analysis 2022-2026 – size is estimated to increase by USD 51.97 million from 2021 to 2026, with an accelerated CAGR of 6.73%, according to the recent market study by Technavio. The advantages of grinding robots over CNC machines is one of the key factors driving the market growth.

What are the key data covered in the grinding wheel market?

Grinding Wheel Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic Period

2017 -2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.24%

Market growth 2023-2027

USD 5,877.71 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.28

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing contribution

APAC at 53%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Market Positioning of Vendors, Competitive Strategies and Industry Risks

Companies profiled

3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels MFG. Co. Ltd, Thai GCI Resitop Co. Ltd., Tyrolit KG, and Wendt (India) Ltd.

Market Dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization preview

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Material

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio