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. Side Grinding
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.
Key benefits for industry players and stakeholders –
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
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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?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the grinding wheel market between 2023 and 2027
Precise estimation of the size of the grinding wheel market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the grinding wheel market across APAC, North America , Europe , Middle East and Africa , and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of grinding wheel market vendors
Accelerate at a CAGR of 5.24%
APAC, Europe, North America, Middle East and Africa, and South America
US, China, India, Germany, and UK
Leading companies, Market Positioning of Vendors, Competitive Strategies and Industry Risks
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.
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
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3.4 Market outlook: Forecast for 2022-2027
4.1 Global grinding wheel market 2017 - 2021
6.3 Straight wheels - Market size and forecast 2022-2027
6.4 Cylindrical wheels - Market size and forecast 2022-2027
6.5 Diamond wheels - Market size and forecast 2022-2027
6.6 Others - Market size and forecast 2022-2027
7.3 Artificial abrasives - Market size and forecast 2022-2027
7.4 Natural abrasives - Market size and forecast 2022-2027
9.3 APAC - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 North America - Market size and forecast 2022-2027
9.6 Middle East and Africa - Market size and forecast 2022-2027
9.7 South America - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 UK - Market size and forecast 2022-2027
9.12 India - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
12.6 AWUKO Abrasives Wandmacher GmbH Co. KG
12.7 Camel Grinding Wheels Works Sarid Ltd.
12.8 Compagnie de Saint Gobain SA
12.16 SHIN-EI Grinding Wheels MFG. Co. Ltd.
13.3 Currency conversion rates for US$
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