Global Grinding Wheels Market Insights - Industry Share, Sales Projections, and Demand Outlook 2024-2030-Ferrotec,Laird,KELK

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Market players, stakeholders, and other interested parties are the best receivers of trusted insights and strategic advice that the report provides to help them achieve their mission-critical priorities when operating in the global Grinding Wheels market. The experienced research analysts who have authored the report offer useful guidance to capitalize on market opportunities that matter the most. The guidelines offered in the report also help to find effective solutions to certain business issues related to the global Grinding Wheels market. With strong data and metrics, verified peer-driven research, and forward-thinking insights, the analysis provided in the report helps to make the right business decisions.

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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.

The global Grinding Wheels market was valued at US$ 5770 million in 2023 and is anticipated to reach US$ 7439 million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.

Global grinding wheel key manufacturers include Klingspor, 3M, Mirka Abrasives, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels and Tyrolit Group. The largest manufacturer is Saint-Gobain, with a market share of 15%. The global production sites are mainly located in North America, Europe, China, Japan, Taiwan (China), India, Australia, Southeast Asia, South America, etc. In terms of product material, resinoid bond have the largest market share with 60%, followed by vitrified bond with 35%. In terms of application, the transport industry is the top application area with 38% of the market share, followed by bearings and machinery.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Grinding Wheels, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grinding Wheels.

The Grinding Wheels market size, estimations, and forecasts are provided in terms of sales quantity (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Grinding Wheels market comprehensively. Regional market sizes, concerning products by Materials, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Grinding Wheels manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales, and average price for the overall market and the sub-segments across the different segments, by company, by Materials, by Application, and by regions.

Market Segmentation

By Company

Klingspor

3M

Mirka Abrasives

Noritake

Saint-Gobain

Kure Grinding Wheel

Camel Grinding Wheels

Tyrolit Group

SHIN-EI Grinding Wheels

DSA Products

Andre Abrasive

DK Holdings

ELKA-Elastic

Keihin Kogyosho Co., Ltd

Northern Grinding Wheels

Hebei Sanfeng Abrasives

Hindustan Abrasives

GRANIT Grinding Wheel Ltd

ATLANTIC GmbH

AWUKO Abrasives

Abrasivos Manhattan SA

Segment by Materials

Resinoid Bond

Vitrified Bond

Others

Segment by Application

Transport Industry

Bearing & Machinery

Construction

Steel Industry

Oil & Gas

Others

By Region

North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

U.A.E

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Grinding Wheels manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Sales, revenue of Grinding Wheels in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Materials, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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