This report studies the Grinding Wheels market. A grinding wheel is a wheel composed of an abrasive compound and used for various grinding (abrasive cutting) and abrasive machining operations. Such wheels are used in grinding machines.
The wheels are generally made from a composite material consisting of coarse-particle aggregate pressed and bonded together by a cementing matrix (called the bond in grinding wheel terminology) to form a solid, circular shape. Various profiles and cross sections are available depending on the intended usage for the wheel. They may also be made from a solid steel or aluminium disc with particles bonded to the surface. Today most grinding wheels are artificial composites made with artificial aggregates, but the history of grinding wheels began with natural composite stones, such as those used for millstones.
Geographically, the consumption market is leading by Europe, Greater China and United States. In terms of year 2017, Europe holds the largest market share, with about 1106.06 Million USD sales revenue, followed by United States, with about 12.7% market share in 2017. China will keep playing important role in Global market. APAC will be the major revenue contributor to the grinding wheel market throughout the forecast period. The rising industrial and economic development along with the growth in the number of companies planning to integrate the grinding wheel technology will drive the growth of the market in this region.
Grinding wheels find application in almost every manufacturing industry. The key users of grinding wheels are automotive, aerospace, ship building, oil and gas, and semiconductor industries. Each of the Grinding Wheels manufacturers has its own mature sales networks. Through retailer and resells, their authorized distributors or their partners, those Grinding Wheels manufacturers keep keen on expanding their Grinding Wheels sales. To achieve better sales businesses, Grinding Wheels manufacturers usually invest on their marketing channel infrastructure every year.
According to this study, over the next five years the Grinding Wheels market will register a 4.2% CAGR in terms of revenue, the global market size will reach US$ 5230 million by 2024, from US$ 4080 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Grinding Wheels business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Grinding Wheels market by product type, application, key manufacturers and key regions and countries.
This study considers the Grinding Wheels value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Resinoid Bond Grinding Wheels
Vitrified Bond Grinding Wheels
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Transport Industry
Construction
Bearing & Machinery
Steel Industry
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Klingspor
3M
Mirka
Noritake
Saint-Gobain
Kure Grinding Wheel (JP)
Camel Grinding Wheels (Israel)
Tyrolit Group
SHIN-EI Grinding Wheels (JP)
DSA Products (England)
Andre Abrasive
DK Holdings (UK)
Elka (DE)
Keihin Kogyosho Co., Ltd (JP)
Northern Grinding Wheels
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Grinding Wheels consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Grinding Wheels market by identifying its various subsegments.
Focuses on the key global Grinding Wheels manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Grinding Wheels with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Grinding Wheels submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Grinding Wheels . Industry analysis & Market Report on Grinding Wheels is a syndicated market report, published as Global Grinding Wheels Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Grinding Wheels market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.