NEW YORK, Dec. 8, 2022 /PRNewswire/ -- The grinding wheel market size is forecasted to increase by USD 5,877.71 million from 2022 to 2027, at a CAGR of 5.24%, according to the recent market study by Technavio. The growth of the market will be driven by the constant demand from oil and gas industries, growing aerospace and defense industries in developing economies, and rising demand for fabricated metal products.
Technavio categorizes the global grinding wheel market as a part of the industrial machinery market, which covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.
Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report
The market is segmented by type (straight wheels, cylindrical wheels, diamond wheels, and others) and material (artificial abrasives and natural abrasives).
Segmentation by type (inclusion/exclusion)
- Inclusion:
- Straight wheels:
The straight wheels segment grew gradually by USD 5,313.81 million between 2017 and 2021. Straight wheels are used widely for cylindrical, centerless, and surface grinding operations. Such wheels vary significantly in size, diameter, and width. They are the most common type of wheels and are used extensively on bench or pedestal grinders. Such applications of straight wheels and their availability will drive the growth of the segment during the forecast period.
To get detailed insights about inclusions and exclusions, buy report.
Technavio has extensively analyzed 15 major vendors, including 3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels MFG. Co. Ltd., Thai GCI Resitop Co. Ltd., Tyrolit KG, and Wendt (India) Ltd.
Key benefits for industry players and stakeholders –
- The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
- It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
- The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Expand operations in future - To get requisite details, ask for a custom report.
Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio
- One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
- Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
- Furthermore, market adoption rates for all regions have been covered.
Download the sample to get a holistic overview of the grinding wheel market by industry experts to evaluate and develop growth strategies.
Related Reports -
Grinding Machinery Market by End-user and Geography - Forecast and Analysis 2022-2026 – size is estimated to increase by USD 1.33 billion from 2021 to 2026, with an accelerated CAGR of 5.23%, according to the recent market study by Technavio. Furthermore, this report extensively covers market segmentation by end-user (industrial machinery, automotive, precision machinery, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
Grinding Robots Market by End-user, Solution, and Geography - Forecast and Analysis 2022-2026 – size is estimated to increase by USD 51.97 million from 2021 to 2026, with an accelerated CAGR of 6.73%, according to the recent market study by Technavio. The advantages of grinding robots over CNC machines is one of the key factors driving the market growth.
What are the key data covered in the grinding wheel market?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the grinding wheel market between 2023 and 2027
- Precise estimation of the size of the grinding wheel market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the grinding wheel market across APAC, North America, Europe, Middle East and Africa, and South America
- Thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of grinding wheel market vendors
Grinding Wheel Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic Period |
2017 -2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.24% |
Market growth 2023-2027 |
USD 5,877.71 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.28 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing contribution |
APAC at 53% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Market Positioning of Vendors, Competitive Strategies and Industry Risks |
Companies profiled |
3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels MFG. Co. Ltd, Thai GCI Resitop Co. Ltd., Tyrolit KG, and Wendt (India) Ltd. |
Market Dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Industrials Market Reports
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global grinding wheel market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global grinding wheel market 2017 - 2021 ($ million)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
- 4.3 Material Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Material Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Straight wheels - Market size and forecast 2022-2027
- Exhibit 34: Chart on Straight wheels - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Straight wheels - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Straight wheels - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Straight wheels - Year-over-year growth 2022-2027 (%)
- 6.4 Cylindrical wheels - Market size and forecast 2022-2027
- Exhibit 38: Chart on Cylindrical wheels - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Cylindrical wheels - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Cylindrical wheels - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Cylindrical wheels - Year-over-year growth 2022-2027 (%)
- 6.5 Diamond wheels - Market size and forecast 2022-2027
- Exhibit 42: Chart on Diamond wheels - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Diamond wheels - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Diamond wheels - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Diamond wheels - Year-over-year growth 2022-2027 (%)
- 6.6 Others - Market size and forecast 2022-2027
- Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Type
- Exhibit 50: Market opportunity by Type ($ million)
7 Market Segmentation by Material
- 7.1 Market segments
- Exhibit 51: Chart on Material - Market share 2022-2027 (%)
- Exhibit 52: Data Table on Material - Market share 2022-2027 (%)
- 7.2 Comparison by Material
- Exhibit 53: Chart on Comparison by Material
- Exhibit 54: Data Table on Comparison by Material
- 7.3 Artificial abrasives - Market size and forecast 2022-2027
- Exhibit 55: Chart on Artificial abrasives - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Artificial abrasives - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Artificial abrasives - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Artificial abrasives - Year-over-year growth 2022-2027 (%)
- 7.4 Natural abrasives - Market size and forecast 2022-2027
- Exhibit 59: Chart on Natural abrasives - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Natural abrasives - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Natural abrasives - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Natural abrasives - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Material
- Exhibit 63: Market opportunity by Material ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 US - Market size and forecast 2022-2027
- Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 India - Market size and forecast 2022-2027
- Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 113: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 114: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification
- 12.3 3M Co.
- Exhibit 116: 3M Co. - Overview
- Exhibit 117: 3M Co. - Business segments
- Exhibit 118: 3M Co. - Key news
- Exhibit 119: 3M Co. - Key offerings
- Exhibit 120: 3M Co. - Segment focus
- 12.4 Andre Abrasive Articles
- Exhibit 121: Andre Abrasive Articles - Overview
- Exhibit 122: Andre Abrasive Articles - Product / Service
- Exhibit 123: Andre Abrasive Articles - Key offerings
- 12.5 ATLANTIC GmbH
- Exhibit 124: ATLANTIC GmbH - Overview
- Exhibit 125: ATLANTIC GmbH - Product / Service
- Exhibit 126: ATLANTIC GmbH - Key offerings
- 12.6 AWUKO Abrasives Wandmacher GmbH Co. KG
- Exhibit 127: AWUKO Abrasives Wandmacher GmbH Co. KG - Overview
- Exhibit 128: AWUKO Abrasives Wandmacher GmbH Co. KG - Product / Service
- Exhibit 129: AWUKO Abrasives Wandmacher GmbH Co. KG - Key offerings
- 12.7 Camel Grinding Wheels Works Sarid Ltd.
- Exhibit 130: Camel Grinding Wheels Works Sarid Ltd. - Overview
- Exhibit 131: Camel Grinding Wheels Works Sarid Ltd. - Product / Service
- Exhibit 132: Camel Grinding Wheels Works Sarid Ltd. - Key offerings
- 12.8 Compagnie de Saint Gobain SA
- Exhibit 133: Compagnie de Saint Gobain SA - Overview
- Exhibit 134: Compagnie de Saint Gobain SA - Business segments
- Exhibit 135: Compagnie de Saint Gobain SA - Key offerings
- Exhibit 136: Compagnie de Saint Gobain SA - Segment focus
- 12.9 DEERFOS Co. Ltd.
- Exhibit 137: DEERFOS Co. Ltd. - Overview
- Exhibit 138: DEERFOS Co. Ltd. - Product / Service
- Exhibit 139: DEERFOS Co. Ltd. - Key offerings
- 12.10 DK Holdings Ltd.
- Exhibit 140: DK Holdings Ltd. - Overview
- Exhibit 141: DK Holdings Ltd. - Product / Service
- Exhibit 142: DK Holdings Ltd. - Key offerings
- 12.11 DSA Products Ltd.
- Exhibit 143: DSA Products Ltd. - Overview
- Exhibit 144: DSA Products Ltd. - Product / Service
- Exhibit 145: DSA Products Ltd. - Key offerings
- 12.12 Koki Holdings Co Ltd
- Exhibit 146: Koki Holdings Co Ltd - Overview
- Exhibit 147: Koki Holdings Co Ltd - Product / Service
- Exhibit 148: Koki Holdings Co Ltd - Key offerings
- 12.13 KOVAX
- Exhibit 149: KOVAX - Overview
- Exhibit 150: KOVAX - Product / Service
- Exhibit 151: KOVAX - Key offerings
- 12.14 NORITAKE Co. Ltd.
- Exhibit 152: NORITAKE Co. Ltd. - Overview
- Exhibit 153: NORITAKE Co. Ltd. - Business segments
- Exhibit 154: NORITAKE Co. Ltd. - Key offerings
- Exhibit 155: NORITAKE Co. Ltd. - Segment focus
- 12.15 Robert Bosch GmbH
- Exhibit 156: Robert Bosch GmbH - Overview
- Exhibit 157: Robert Bosch GmbH - Business segments
- Exhibit 158: Robert Bosch GmbH - Key news
- Exhibit 159: Robert Bosch GmbH - Key offerings
- Exhibit 160: Robert Bosch GmbH - Segment focus
- 12.16 SHIN-EI Grinding Wheels MFG. Co. Ltd.
- Exhibit 161: SHIN-EI Grinding Wheels MFG. Co. Ltd. - Overview
- Exhibit 162: SHIN-EI Grinding Wheels MFG. Co. Ltd. - Product / Service
- Exhibit 163: SHIN-EI Grinding Wheels MFG. Co. Ltd. - Key offerings
- 12.17 Tyrolit KG
- Exhibit 164: Tyrolit KG - Overview
- Exhibit 165: Tyrolit KG - Product / Service
- Exhibit 166: Tyrolit KG - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 167: Inclusions checklist
- Exhibit 168: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 169: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 170: Research methodology
- Exhibit 171: Validation techniques employed for market sizing
- Exhibit 172: Information sources
- 13.5 List of abbreviations
- Exhibit 173: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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