Los Angeles, CA -- (SBWire) -- 11/30/2018 --This report studies the Grinding Wheels market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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 global Grinding Wheels market was 4080 million US$ in 2017 and is expected to 5100 million US$ by the end of 2025, growing at a CAGR of 2.8% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Grinding Wheels in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
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
By the product type, the market is primarily split into
Resinoid Bond Grinding Wheels
Vitrified Bond Grinding Wheels
Other
By the end users/application, this report covers the following segments
Transport Industry
Construction
Bearing & Machinery
Steel Industry
Other
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Grinding Wheels Market: Industry Trend Analysis, Revenue, Sales, Competition Tracking, Key Drivers and Forecast Period (2018-2025)
The Grinding Wheels Industry report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.