About Grinding Wheel
Grinding wheel is defined as the multitooth cutter which is made up of many hard particles known as abrasives. The grinding wheel has two constituent’s namely abrasive used for cutting and bond that holds abrasive grains. There are various function of grinding wheel such as removal of stock, cutting off operation, production of sharp edges & points, generation of cylindrical, flat, & curved surface and others Some of the major advantages of grinding wheel are high dimensional stability, can work at high temperature also, Speed of cutting can be done by this process, can operate for complex things also, produce a high surface finish with accurate can obtain, high grinding performance, long tool life, among others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.6% |
The players focus on developing commercial variant of meta-material antenna to gain market share. The industry is highly competitive with key players focusing on investments in the smart antenna technology. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Analyst at AMA Research estimates that United States and United Kingdom Manufacturers will contribute the maximum growth to Global Grinding Wheel market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Klingspor Abrasives (United States), 3M (United States), Robert Bosch GmbH (Germany), Diamond Ground Products (United States), KWH Mirka, Ltd. (Finland), Noritake Co Ltd (Japan), Saint-Gobain Group (France), Kure Grinding Wheel Co Ltd (Japan), Camel Grinding Wheels (Israel) and Tyrolit Group (Austria) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SHIN-EI Grinding Wheels (Japan), D S A Products Ltd (United Kingdom), Andre Abrasive Articles (Poland), DK Holdings (United Kingdom), Keihin Kogyosho Co., Ltd (Japan), Northern Grinding Wheels (United Kingdom) and Sterling Abrasives Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Grinding Wheel market by Type (Cup wheel, Straight wheel, Cylinder wheel, Tapered wheel, Straight cup, Dish cup, Saucer wheel, Diamond wheel and Diamond Mandrels), Application (Finishing Metal, Cleaning, Grinding, Polishing and Others) and Region.
On the basis of geography, the market of Grinding Wheel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Blade Material, the sub-segment i.e. Diamond will boost the Grinding Wheel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Transport Industry will boost the Grinding Wheel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement Regarding Grinding Wheel
Market Growth Drivers:
Growing Automobile Market and Rising Metal Fabrication Industry and Decreasing Cost of Synthetic Diamond as well as Massive Production of Electronics Components
Challenges:
Grinding Wheel Can Cause Abnormal Wear and Tear of Bearings and Grinding Stress Increases, as Well as Grinding Wheel, is Easy to Fracture
Restraints:
Stringent Regulations regarding Grinding Wheel and Required Tool is High Cost
Opportunities:
Untapped Asia-Pacific Region has Huge Scope for Grinding Wheel Market
Market Leaders and their expansionary development strategies
In September 2023, InduGrind, based in the western German city of Bochum, is a young company that can look back on a long tradition it came into being in 2022 following the takeover of what was formerly known as Hommel Schleifmanufaktur (Hommel Grinding Manufacturing). Today, the tool manufacturer produces shank-type and special tools and maintains gear-cutting tools and hobs. In early 2023, InduGrind commissioned a VOLLMER VGrind 360 grinding machine to automate the machining of its carbide tools. VOLLMER also supports the start-up as a partner in technological matters.
In August 2023, DEWALT Announces ELITE SERIES Abrasive Grinding Wheels Maximize productivity with new DEWALT ELITE SERIES Abrasive Grinding Wheels that deliver up to 50% longer life* in extreme applications. The new grinding wheels feature a Pressure Pact design that boasts high grain density with increased grain availability for higher performance.
According to the Government of the United Kingdom, “Regulations covering these hazards as well as other regulations which the user of an abrasive wheel must comply with are listed under further reading”. Hence, these regulations may act as a hamper for market growth
Key Target Audience
Grinding Wheel Companies, Research and Development Companies, Government Regulatory Authorities, Product Sales and Distribution Companies, Market Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.