Market Overview:
The global ordinary abrasive grinding wheel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for abrasive grinding wheels from various end-use industries, such as the construction, transport, steel and bearing & machinery industries. In terms of type, the corundum material segment is expected to lead the global ordinary abrasive grinding wheel market during the forecast period. This can be attributed to its high wear resistance and toughness properties as compared with other materials used for manufacturing abrasive grinding wheels.
Product Definition:
An abrasive grinding wheel is a wheel composed of an abrasive compound and used for grinding, polishing, or cutting. Such wheels are used in grinding machines.
Corundum Material:
Corundum is a mineral, which occurs naturally as an important constituent of the volcanic rocks. It has been known since 1787 for its blue color and is identified as the Ruby Gemstones variety only when it has a clarity greater than transparent. The material gets its name from the town of Corunna in Spain where it was first found.
Silicon Carbide Material:
Silicon carbide material is a very hard, brittle ceramic material that is used as an abrasive in the grinding of ferrous and non-ferrous metals. It has applications in various industries such as automotive, aerospace & defense, electronics manufacturing and foundry. Silicon carbide materials are manufactured by two methods; one method involves the reaction between silica and carbon while another method involves the reaction between silicon dioxide and carbon.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The product has a wide range of applications in this industry, including concrete grinding, road construction, highway maintenance and repair as well as other general constructions.
The bearing & machinery sector is also anticipated to witness considerable growth over the forecast period owing to increasing demand for high precision products from various industries worldwide. These sectors include industrial machinery manufacturing such as steel and mining equipment manufacturing where high-quality products are essential for smooth functioning of machines or efficient extraction of minerals from rocks & soil. As a result, manufacturers are investing heavily in research & development activities related to new materials with superior properties compared with corundum or silicon carbide wheels used previously. This trend is expected to drive demand for GRD wheels over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for high-quality products from key industries including steel, automotive, construction and manufacturing. In addition, rising disposable income coupled with growing population will drive product demand further.
The Asia Pacific is anticipated to be one of the most lucrative regions over the forecast period owing to rapid industrialization and urbanization that has led to an increase in infrastructure spending particularly in China and India. Moreover, these countries are also developing as a hub for research & development activities which will boost product application scope further driving growth across several other end-use industries such as electrical & electronics industry due to its superior quality compared with other abrasive materials used globally along with its cost-effective pricing structure which makes it attractive for manufacturers located within or outside this region thus boosting regional market growth significantly over the next eight years.
Growth Factors:
- Increasing demand from automotive and aerospace industries for Ordinary Abrasive Grinding Wheel owing to the growing need for precision and accuracy in machining processes.
- Rising investments by key players in research and development activities to develop new and innovative products that can cater to the specific needs of different end-use industries.
- Growing popularity of abrasive grinding wheels as a cost-effective alternative to traditional machining processes across various industrial sectors.
- increasing demand from developing countries due to the growth of their manufacturing sector coupled with rising disposable incomes of consumers therein.. 5) Technological advancements such as the advent of laser ablation technology that is helping improve the efficiency and performance of abrasive grinding wheels, thereby driving their adoption among manufacturers worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Ordinary Abrasive Grinding Wheel Market Research Report
By Type
Corundum Material, Silicon Carbide Material
By Application
Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other
By Companies
Klingspor, M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Klingspor, DK Holdings, Elka, Keihin Kogyosho, Northern Grinding Wheels
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Ordinary Abrasive Grinding Wheel Market Report Segments:
The global Ordinary Abrasive Grinding Wheel market is segmented on the basis of:
Types
Corundum Material, Silicon Carbide Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Klingspor
- M
- Mirka
- Noritake
- Saint-Gobain
- Kure Grinding Wheel
- Camel Grinding Wheels
- Tyrolit Group
- SHIN-EI Grinding Wheels
- DSA Products
- Klingspor
- DK Holdings
- Elka
- Keihin Kogyosho
- Northern Grinding Wheels
Highlights of The Ordinary Abrasive Grinding Wheel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Corundum Material
- Silicon Carbide Material
- By Application:
- Transport Industry
- Construction
- Bearing & Machinery
- Steel Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ordinary Abrasive Grinding Wheel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An ordinary abrasive grinding wheel is a rotating disc with sharp edges that is used to grind materials. The wheel typically has several grits of sandpaper embedded in it, and can be rotated by hand or motor.
Some of the major players in the ordinary abrasive grinding wheel market are Klingspor, M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Klingspor, DK Holdings, Elka, Keihin Kogyosho, Northern Grinding Wheels.
The ordinary abrasive grinding wheel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ordinary Abrasive Grinding Wheel Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Ordinary Abrasive Grinding Wheel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ordinary Abrasive Grinding Wheel Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Ordinary Abrasive Grinding Wheel Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Ordinary Abrasive Grinding Wheel Market Size & Forecast, 2020-2028 4.5.1 Ordinary Abrasive Grinding Wheel Market Size and Y-o-Y Growth 4.5.2 Ordinary Abrasive Grinding Wheel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Corundum Material
5.2.2 Silicon Carbide Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transport Industry
6.2.2 Construction
6.2.3 Bearing & Machinery
6.2.4 Steel Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ordinary Abrasive Grinding Wheel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ordinary Abrasive Grinding Wheel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Corundum Material
9.6.2 Silicon Carbide Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transport Industry
9.10.2 Construction
9.10.3 Bearing & Machinery
9.10.4 Steel Industry
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Corundum Material
10.6.2 Silicon Carbide Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transport Industry
10.10.2 Construction
10.10.3 Bearing & Machinery
10.10.4 Steel Industry
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Corundum Material
11.6.2 Silicon Carbide Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transport Industry
11.10.2 Construction
11.10.3 Bearing & Machinery
11.10.4 Steel Industry
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Corundum Material
12.6.2 Silicon Carbide Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transport Industry
12.10.2 Construction
12.10.3 Bearing & Machinery
12.10.4 Steel Industry
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Corundum Material
13.6.2 Silicon Carbide Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transport Industry
13.10.2 Construction
13.10.3 Bearing & Machinery
13.10.4 Steel Industry
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ordinary Abrasive Grinding Wheel Market: Competitive Dashboard
14.2 Global Ordinary Abrasive Grinding Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Klingspor
14.3.2 M
14.3.3 Mirka
14.3.4 Noritake
14.3.5 Saint-Gobain
14.3.6 Kure Grinding Wheel
14.3.7 Camel Grinding Wheels
14.3.8 Tyrolit Group
14.3.9 SHIN-EI Grinding Wheels
14.3.10 DSA Products
14.3.11 Klingspor
14.3.12 DK Holdings
14.3.13 Elka
14.3.14 Keihin Kogyosho
14.3.15 Northern Grinding Wheels