Los Angeles, CA -- (SBWIRE) -- 03/26/2019 -- Grinding wheels are generally composed of an abrasive compound and used in a variety of grinding and abrasive machining operations, and such wheels are widely used in grinding machines. The wheels are primarily made from a composite material that consists of a coarse-particle aggregate, pressed and bonded together by a cementing matrix to form a solid, generally a circular shape product.
APAC will be the major revenue contributor to the grinding wheel market throughout the forecast period. The rising industrial and economic development along with the growth in the number of companies planning to integrate the grinding wheel technology will drive the growth of the market in this region.
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The growth in the automotive industry will be one of the major factors that will have a positive impact on the growth of this market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021. The demand for grinding wheels in the automotive industry is high due to their ability to offer precise, improved quality, and well-finished products. These wheels offer better results with computer numerical control (CNC) driven grinding machines as the utilization of software can help in the manufacturing complex designs. Grinding wheels used in automobile applications include many vehicle systems, such as crankshafts, steering racks, valves, shock absorbers, steering parts, and wheels. Continuous growth of the automotive industry and new investments is estimated to positively impact the global grinding wheel market during the forecast period.
The global Grinding Wheel market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Grinding Wheel volume and value at global level, regional level and company level. From a global perspective, this report represents overall Grinding Wheel market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Saint-Gobain
NORITAKE
Ekamant
3M
DEERFOS
Carborundum Universal Limited (CUMI)
KOVAX
AWUKO ABRASIVES
Camel Grinding Wheels Works Sarid
TYROLIT
SHIN-EI Grinding Wheels
DSA Products
Andre Abrasive Articles
DK Holdings
Thai GCI Resitop
ATLANTIC
Wendt (India)
Hitachi Koki
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Grinding Wheel Market Segment by Regions
North America
Europe
China
Japan
Grinding Wheel Market Segment by Type
Flat Wheel
Bevel Edge Grinding Wheel
Cylindrical Grinding Wheel
Cup Wheel
Disc Wheel
Others
Grinding Wheel Market Segment by Application
Cleaning
Grinding
Polishing
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