CBN Wheels Market 2022: Size, Share, Growth Opportunities, Future & Business Analysis by 2027 | Noritake
The Global CBN Wheels Market Size is Projected to Reach at a CAGR of 4% during 2022-2027.
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Top Leading Companies:
Noritake, A.L.M.T. Corp., Norton Abrasives, Funik, Nitolex, KWH Mirka, Ltd, Sherwood, ATRYZ INAKEN, Woodcut Tools Limited, Vicmarc Machinery, Keihin Kogyosho, Sifang Diamond, Sanchao Advanced Material, Shenyang Zhongke Superhard, Hunan Xinda New Material, Magni Nuova Abrasivi, Shenzhen Dihua Grinding, Yinglong(Herohome)
29 June 2017
- Finland-based abrasives manufacturer Mirka Ltd., a company of KWH Group, has acquired all of the shares of Italy based superabrasive wheels and tools manufacturer Cafro S.p.A., to expand business in the field of the superabrasives and grinding solutions, the company said.
The major driver of the automotive wheels market is the sales of passenger cars. Due to COVID-19, the automotive wheel market has seen a decline in sales. It is expected to get back on the growth track in the post-pandemic period.
Alloy wheels are becoming popular due to their aesthetic appeal. They are lightweight and dissipate heat from tires and brakes more effectively as compared to steel wheels. Moreover, an increase in capital investment and R&D spending by OEMs, particularly on passenger cars, boosts the market growth.
CBN Wheels Market Segmentation by Type:
Resin CBN Wheels
Metal CBN Wheels
Ceramic CBN Wheels
Electroplated CBN Wheels
CBN Wheels Market Segmentation by Application:
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Regional CBN Wheels Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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