Grinding Wheels

Global Grinding Wheels Market to Reach US$25.0 Billion by 2030

The global market for Grinding Wheels estimated at US$21.3 Billion in the year 2024, is expected to reach US$25.0 Billion by 2030, growing at a CAGR of 2.7% over the analysis period 2024-2030. Straight Wheels, one of the segments analyzed in the report, is expected to record a 2.9% CAGR and reach US$11.0 Billion by the end of the analysis period. Growth in the Cylindrical Wheels segment is estimated at 2.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.8 Billion While China is Forecast to Grow at 5.4% CAGR

The Grinding Wheels market in the U.S. is estimated at US$5.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.0 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.7% and 1.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.

Global Grinding Wheels Market - Key Trends & Drivers Summarized

Why Are Grinding Wheels Essential in Industrial Manufacturing?

Grinding wheels are essential components in industrial manufacturing, playing a critical role in material removal, finishing, and precision grinding processes. These wheels, made of abrasive grains bonded together, are used to shape, sharpen, and finish a wide range of materials, including metals, ceramics, and composites. Grinding wheels are vital in industries such as automotive, aerospace, metalworking, and construction, where precision and surface finish are crucial. As manufacturing processes become more advanced and demand for high-quality products increases, the need for efficient and reliable grinding wheels continues to grow, making them indispensable tools in industrial production.

How Are Technological Advancements Enhancing Grinding Wheels?

Technological advancements are significantly enhancing the performance, durability, and efficiency of grinding wheels. Innovations in abrasive materials, such as cubic boron nitride (CBN) and diamond, are improving the cutting capabilities of grinding wheels, allowing them to work on harder materials with greater precision. Advances in bonding technologies are also extending the lifespan of grinding wheels, reducing wear and tear and increasing their efficiency in high-speed and heavy-duty grinding operations. Additionally, the development of custom-engineered grinding wheels tailored to specific applications is enabling manufacturers to achieve superior results with less downtime and material waste. These technological advancements are driving the adoption of advanced grinding wheels across various industries, supporting market growth.

What Market Trends Are Driving the Demand for Grinding Wheels?

Several key market trends are driving the demand for grinding wheels, including the increasing focus on precision manufacturing, the growth of the automotive and aerospace industries, and the rise of advanced materials. The increasing focus on precision manufacturing, driven by the need for high-quality and finely finished products, is boosting demand for grinding wheels that can deliver consistent and accurate results. The growth of the automotive and aerospace industries, which require components with tight tolerances and exceptional surface finishes, is also driving demand for high-performance grinding wheels. Additionally, the rise of advanced materials, such as superalloys and composites, in manufacturing is encouraging the adoption of grinding wheels that can handle these challenging materials with precision and efficiency. These trends are shaping the future of the grinding wheels market, driving innovation and growth in the industry.

What Is Driving the Growth in the Grinding Wheels Market?

The growth in the grinding wheels market is driven by several factors. The increasing demand for precision components in industries such as automotive, aerospace, and metalworking is a major driver of market growth. Technological advancements in abrasive materials and bonding technologies are also contributing to market growth by enhancing the performance, durability, and efficiency of grinding wheels. The expansion of manufacturing activities in emerging markets, coupled with the rising adoption of advanced materials, is further supporting the growth of the grinding wheels market. Additionally, the ongoing focus on improving productivity and reducing operational costs in manufacturing is driving demand for high-performance grinding wheels that can deliver faster and more efficient results. These factors, combined with the ongoing innovation in grinding technology, are driving the expansion of the grinding wheels market.

SCOPE OF STUDY:

The report analyzes the Grinding Wheels market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Straight Wheels, Cylindrical Wheels, Diamond Wheels, Other Types); Material (Artificial Abrasives, Natural Abrasives)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 51 Featured) -

• 3M Company
• Abrasivos Manhattan S.A.
• ANDRE ABRASIVE ARTICLES Spólka z o.o. Sp.k.
• ATLANTIC GmbH
• Camel Grinding Wheels Works Sarid Ltd.
• Carborundum Universal Ltd.
• CUMI AWUKO Abrasives GmbH
• D.K. Holdings Ltd.
• DEERFOS Co., Ltd.
• DSA Products Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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