Market Overview:
The Global Back Grinding Wheels Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for grinding wheels in various end-use industries such as transport, construction, bearing & machinery, steel industry and others. In terms of type, the resinoid bond grinding wheels segment is projected to witness highest growth during the forecast period owing to its properties such as high wear resistance and toughness. Furthermore, in terms of application, the transport industry segment is projected to register highest growth rate during the forecast period due to increase in demand for automobiles and heavy equipment globally.
Product Definition:
Back grinding wheels are used to create a smooth, flat surface on the back side of a workpiece. This is typically done after the piece has been machined on the front side, and before it is polished. Back grinding wheels help to ensure that the workpiece is flat and true, which can improve the quality of the finished product.
Resinoid Bond Grinding Wheels:
Resinoid bond grinding wheels are used in the production of adhesives, sealants and coatings. The product is manufactured using special alloys of metals such as tungsten and molybdenum with a resin core. These wheels are used for reducing the particle size of resins which act as binder materials in various end-use industries such as construction, automotive & transportation, marine and packaging among others.
Vitrified Bond Grinding Wheels:
Vitrified bond grinding wheels are made up of very hard material and they are used in the back grinding wheels market. The main function of these wheels is to produce extremely fine and accurate powder. These products have applications in various end-use industries such as metal, cement, mining, chemical & petroleum etc.
The process of vitrified bond grinding consists of three steps namely pre-grinding preparation; crushing where the materials are crushed into a small particle size;.
Application Insights:
The construction industry accounted for a major share in the global market owing to increasing urbanization and industrial development. The growth of the construction industry is directly related to economic development, as it plays an important role in developing countries by providing employment opportunities.
In developed countries such as U.S., Germany, or U.K., Back grinding wheels are used for grinding & polishing of metal components & plastic parts which are required for manufacturing vehicles & machinery used in industries such as automotive, aerospace and defense among others.
The bearing and machinery segment is expected to grow at a significant rate over the forecast period due to rapid industrialization especially in emerging regions including Asia Pacific and Middle East Africa where infrastructure spending has been escalating rapidly since past few years resulting into strong demand for modern equipment with high reliability which can be efficiently supplied through back grinder machines thereby propelling the growth of this segment over next seven years globally speaking.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Vietnam. Growing industrialization coupled with increasing per capita income of people in these countries has resulted in increased spending on machinery as well as construction activities. This trend is projected to continue over the coming years which will have a positive impact on product demand.
The Asia Pacific regional market includes major countries such as Japan, South Korea, India, Australia among others that are highly developed technologically advanced nations with high standards of living & purchasing power parity ratio’s compared to other regions across the globe; thus making it an attractive destination for investment purposes by various industry players operating globally Back grinding wheels market also benefits from this scenario due to growing infrastructure development needs along with rapid growth of industries such as steel production and automotive manufacturing etc.
Growth Factors:
- Increasing demand for back grinding wheels from the automotive and aerospace industries due to the growing need for precision and accuracy in machining operations.
- Rising demand for back grinding wheels from small- and medium-sized enterprises (SMEs) due to the increasing awareness about their benefits among these businesses.
- Growing popularity of coated back grinding wheels as they offer better performance than uncoated variants in terms of life, quality, and productivity. This is likely to boost the growth of the market during the forecast period.
- Proliferation of online shopping platforms that offer a wide range of back grinding wheels at competitive prices is expected to fuel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Back Grinding Wheels Market Research Report
By Type
Resinoid Bond Grinding Wheels, Vitrified Bond Grinding Wheels, Other
By Application
Transport Industry, Construction, Bearing & Machinery, Steel Industry, Other
By Companies
Shinhan Diamond, QES Group Berhad, UKAM Industrial Superhard Tools, More SuperHard Products Co., Ltd, EHWA, S3 Alliance, Henan Zhongtu Superhard Material Co., Ltd., E-Grind, Henan Yinwang Trade Co., Ltd., SKS., Asahi Diamond Industrial
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Back Grinding Wheels Market Report Segments:
The global Back Grinding Wheels market is segmented on the basis of:
Types
Resinoid Bond Grinding Wheels, Vitrified Bond Grinding Wheels, Other
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:
- Shinhan Diamond
- QES Group Berhad
- UKAM Industrial Superhard Tools
- More SuperHard Products Co., Ltd
- EHWA
- S3 Alliance
- Henan Zhongtu Superhard Material Co., Ltd.
- E-Grind
- Henan Yinwang Trade Co., Ltd.
- SKS.
- Asahi Diamond Industrial
Highlights of The Back Grinding Wheels 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:
- Resinoid Bond Grinding Wheels
- Vitrified Bond Grinding Wheels
- Other
- 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 Back Grinding Wheels 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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- Understanding Competition Scenario
- Product & Brand Management
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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?
Back grinding wheels are used to grind metal. They have a series of grooves that rotate around the wheel. The metal is placed in the grooves and is ground down.
Some of the key players operating in the back grinding wheels market are Shinhan Diamond, QES Group Berhad, UKAM Industrial Superhard Tools, More SuperHard Products Co., Ltd, EHWA, S3 Alliance, Henan Zhongtu Superhard Material Co., Ltd., E-Grind, Henan Yinwang Trade Co., Ltd., SKS., Asahi Diamond Industrial.
The back grinding wheels market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Back Grinding Wheels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Back Grinding Wheels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Back Grinding Wheels Market - Supply Chain
4.5. Global Back Grinding Wheels Market Forecast
4.5.1. Back Grinding Wheels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Back Grinding Wheels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Back Grinding Wheels Market Absolute $ Opportunity
5. Global Back Grinding Wheels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Back Grinding Wheels Market Size and Volume Forecast by Type
5.3.1. Resinoid Bond Grinding Wheels
5.3.2. Vitrified Bond Grinding Wheels
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Back Grinding Wheels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Back Grinding Wheels Market Size and Volume Forecast by Application
6.3.1. Transport Industry
6.3.2. Construction
6.3.3. Bearing & Machinery
6.3.4. Steel Industry
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Back Grinding Wheels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Back Grinding Wheels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Back Grinding Wheels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Back Grinding Wheels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Back Grinding Wheels Demand Share Forecast, 2019-2026
9. North America Back Grinding Wheels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Back Grinding Wheels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Back Grinding Wheels Market Size and Volume Forecast by Application
9.4.1. Transport Industry
9.4.2. Construction
9.4.3. Bearing & Machinery
9.4.4. Steel Industry
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Back Grinding Wheels Market Size and Volume Forecast by Type
9.7.1. Resinoid Bond Grinding Wheels
9.7.2. Vitrified Bond Grinding Wheels
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Back Grinding Wheels Demand Share Forecast, 2019-2026
10. Latin America Back Grinding Wheels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Back Grinding Wheels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Back Grinding Wheels Market Size and Volume Forecast by Application
10.4.1. Transport Industry
10.4.2. Construction
10.4.3. Bearing & Machinery
10.4.4. Steel Industry
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Back Grinding Wheels Market Size and Volume Forecast by Type
10.7.1. Resinoid Bond Grinding Wheels
10.7.2. Vitrified Bond Grinding Wheels
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Back Grinding Wheels Demand Share Forecast, 2019-2026
11. Europe Back Grinding Wheels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Back Grinding Wheels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Back Grinding Wheels Market Size and Volume Forecast by Application
11.4.1. Transport Industry
11.4.2. Construction
11.4.3. Bearing & Machinery
11.4.4. Steel Industry
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Back Grinding Wheels Market Size and Volume Forecast by Type
11.7.1. Resinoid Bond Grinding Wheels
11.7.2. Vitrified Bond Grinding Wheels
11.7.3. Other
11.8. Basis Point Share (BPS) Aalysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Back Grinding Wheels Demand Share, 2019-2026
12. Asia Pacific Back Grinding Wheels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Back Grinding Wheels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Back Grinding Wheels Market Size and Volume Forecast by Application
12.4.1. Transport Industry
12.4.2. Construction
12.4.3. Bearing & Machinery
12.4.4. Steel Industry
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Back Grinding Wheels Market Size and Volume Forecast by Type
12.7.1. Resinoid Bond Grinding Wheels
12.7.2. Vitrified Bond Grinding Wheels
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Back Grinding Wheels Demand Share, 2019-2026
13. Middle East & Africa Back Grinding Wheels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Back Grinding Wheels Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Back Grinding Wheels Market Size and Volume Forecast by Application
13.4.1. Transport Industry
13.4.2. Construction
13.4.3. Bearing & Machinery
13.4.4. Steel Industry
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Back Grinding Wheels Market Size and Volume Forecast by Type
13.7.1. Resinoid Bond Grinding Wheels
13.7.2. Vitrified Bond Grinding Wheels
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Back Grinding Wheels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Back Grinding Wheels Market: Market Share Analysis
14.2. Back Grinding Wheels Distributors and Customers
14.3. Back Grinding Wheels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shinhan Diamond
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. QES Group Berhad
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. UKAM Industrial Superhard Tools
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. More SuperHard Products Co., Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. EHWA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. S3 Alliance
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Henan Zhongtu Superhard Material Co., Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. E-Grind
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Henan Yinwang Trade Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SKS.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Asahi Diamond Industrial
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
