Global Grinding Wheel Market 2024-2028
The grinding wheel market is forecasted to grow by USD 5017.1 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the grinding wheel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by constant demand from oil and gas industries, growing aerospace and defense industries in developing economies, and rising demand for fabricated metal products.
Technavio's grinding wheel market is segmented as below:
By Type
- Straight wheels
- Cylindrical wheels
- Diamond wheels
- Others
By Material
- Artificial abrasives
- Natural abrasives
By Geography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the application of artificial intelligence and system integration as one of the prime reasons driving the grinding wheel market growth during the next few years. Also, metal additive manufacturing and government initiatives providing impetus to machine tools industry will lead to sizable demand in the market.
The report on the grinding wheel market covers the following areas:
- Grinding wheel market sizing
- Grinding wheel market forecast
- Grinding wheel market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading grinding wheel market vendors that include 3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Compagnie de Saint Gobain, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, Murugappa Group, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels MFG. Co. Ltd.‚ , Thai GCI Resitop Co. Ltd., Tyrolit KG, and Wendt India Ltd.. Also, the grinding wheel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.