Market Overview:
The global diamond-impregnated wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for diamond-impregnated wheels from various end-use industries, such as transport industry, construction industry, and others. In terms of type, the sintering type segment is expected to lead the global diamond-impregnated wheels market during the forecast period. This can be attributed to factors such as high wear resistance and low cost of sintering type diamond-impregnated wheels as compared with other types of diamond-impregnated wheels.
Product Definition:
Diamond-impregnated wheels are tools used to grind, sand, or polish materials. The diamond impregnation allows the wheel to cut through harder surfaces with ease.
Sintering Type:
Sintering is a method of producing highly durable and strong components using a powdered material as a mold. The powder acts as an insulating layer that protects the metal from getting molten during the sintering process. In automotive industry, it is used in manufacturing wheels, brake discs, engine blocks and many other components where durability and strength are required. Sintered wheel market size was valued at USD 469 million in 2015 owing to its increasing demand for electric vehicles (EVs).
Electroplating:
Electroplating is a process in which an electric current is passed through the plated material to dissolve the base metal. Electroplating used for Diamond-Infused wheels can be done by two methods: electrolytic or thermionic. In electrolytic method, an electrical circuit is created between the work piece and plate by using a copper wire, while in thermionic method, heat source creates the electrical circuit between plate and work piece.
Application Insights:
The construction industry dominated the global diamond-impregnated wheels market in terms of revenue share in 2017. The rising demand for steel and concrete from various infrastructure projects across the globe is expected to drive the growth of this segment over the forecast period. For instance, according to a blog by World Steel Association, around 70% of new buildings constructed worldwide use some form of reinforced concrete.
In addition, increasing urbanization across developing countries such as India and China is likely to increase construction activities which will further propel product demand over the next seven years. Diamond-plated products are also used in automotive applications including engine components along with other decorative items such as wheel covers and fender liners that add aesthetic value to vehicles while protecting them from damage caused by stones or gravel embedded within it during cleaning or polishing operations at car washes or detailing centers.
Regional Analysis:
Asia Pacific dominated the global diamond-imprinted wheels market in terms of revenue with a share of over 60% in 2017. This is attributed to increasing automobile production and sales, especially in China, India, Japan and South Korea. The region is expected to witness significant growth over the forecast period owing to rising disposable income coupled with urbanization trends across countries such as China and India.
The Asia Pacific regional market was followed by Europe which accounted for a share of more than 20%in 2017 owing to growing automotive industry mainly due to high demand from countries such as Germany, France Italy Russia Spain U.K.
Growth Factors:
- Increasing demand for diamond-impregnated wheels in the automotive and aerospace industries due to their superior performance over conventional grinding wheels.
- Rising adoption of diamond-impregnated wheels in precision grinding applications owing to their high accuracy and finish.
- Growing demand for diamond-impregnated tools from the metalworking industry as they offer better wear resistance and longer tool life as compared to other materials used for machining operations.
- Increasing popularity of diamond-impregnated tools among DIY enthusiasts and hobbyists due to their superior performance in terms of material removal rate, surface finish, and tool life as compared to other traditional grinding tools available in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diamond-Impregnated Wheels Market Research Report
By Type
Sintering Type, Electroplating, Brazing
By Application
Transport Industry, Construction, Others
By Companies
Ehwa, Shinhan Diamond, Tyrolit, Saint-Gobain, ICS, Nihon Kenshi, Husqvara, Shenzhen Yongcun Jingangshi Gongsi, Novatek, GE, DeBeers
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Diamond-Impregnated Wheels Market Report Segments:
The global Diamond-Impregnated Wheels market is segmented on the basis of:
Types
Sintering Type, Electroplating, Brazing
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, Others
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:
- Ehwa
- Shinhan Diamond
- Tyrolit
- Saint-Gobain
- ICS
- Nihon Kenshi
- Husqvara
- Shenzhen Yongcun Jingangshi Gongsi
- Novatek
- GE
- DeBeers
Highlights of The Diamond-Impregnated 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:
- Sintering Type
- Electroplating
- Brazing
- By Application:
- Transport Industry
- Construction
- Others
- 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 Diamond-Impregnated 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Diamond-impregnated wheels are made of a special type of plastic that is coated with diamond dust. The diamonds help to reduce friction and make the wheel more efficient.
Some of the key players operating in the diamond-impregnated wheels market are Ehwa, Shinhan Diamond, Tyrolit, Saint-Gobain, ICS, Nihon Kenshi, Husqvara, Shenzhen Yongcun Jingangshi Gongsi, Novatek, GE, DeBeers.
The diamond-impregnated wheels market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Diamond-Impregnated 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. Diamond-Impregnated Wheels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Diamond-Impregnated Wheels Market - Supply Chain
4.5. Global Diamond-Impregnated Wheels Market Forecast
4.5.1. Diamond-Impregnated Wheels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Diamond-Impregnated Wheels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Diamond-Impregnated Wheels Market Absolute $ Opportunity
5. Global Diamond-Impregnated 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. Diamond-Impregnated Wheels Market Size and Volume Forecast by Type
5.3.1. Sintering Type
5.3.2. Electroplating
5.3.3. Brazing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Diamond-Impregnated 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. Diamond-Impregnated Wheels Market Size and Volume Forecast by Application
6.3.1. Transport Industry
6.3.2. Construction
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Diamond-Impregnated 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. Diamond-Impregnated 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 Diamond-Impregnated 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. Diamond-Impregnated 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 Diamond-Impregnated Wheels Demand Share Forecast, 2019-2026
9. North America Diamond-Impregnated 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 Diamond-Impregnated 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 Diamond-Impregnated Wheels Market Size and Volume Forecast by Application
9.4.1. Transport Industry
9.4.2. Construction
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Diamond-Impregnated Wheels Market Size and Volume Forecast by Type
9.7.1. Sintering Type
9.7.2. Electroplating
9.7.3. Brazing
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 Diamond-Impregnated Wheels Demand Share Forecast, 2019-2026
10. Latin America Diamond-Impregnated 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 Diamond-Impregnated 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 Diamond-Impregnated Wheels Market Size and Volume Forecast by Application
10.4.1. Transport Industry
10.4.2. Construction
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Diamond-Impregnated Wheels Market Size and Volume Forecast by Type
10.7.1. Sintering Type
10.7.2. Electroplating
10.7.3. Brazing
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 Diamond-Impregnated Wheels Demand Share Forecast, 2019-2026
11. Europe Diamond-Impregnated 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 Diamond-Impregnated 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 Diamond-Impregnated Wheels Market Size and Volume Forecast by Application
11.4.1. Transport Industry
11.4.2. Construction
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Diamond-Impregnated Wheels Market Size and Volume Forecast by Type
11.7.1. Sintering Type
11.7.2. Electroplating
11.7.3. Brazing
11.8. Basis Point Shre (BPS) Analysis 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 Diamond-Impregnated Wheels Demand Share, 2019-2026
12. Asia Pacific Diamond-Impregnated 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 Diamond-Impregnated 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 Diamond-Impregnated Wheels Market Size and Volume Forecast by Application
12.4.1. Transport Industry
12.4.2. Construction
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Diamond-Impregnated Wheels Market Size and Volume Forecast by Type
12.7.1. Sintering Type
12.7.2. Electroplating
12.7.3. Brazing
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 Diamond-Impregnated Wheels Demand Share, 2019-2026
13. Middle East & Africa Diamond-Impregnated 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 Diamond-Impregnated 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 Diamond-Impregnated Wheels Market Size and Volume Forecast by Application
13.4.1. Transport Industry
13.4.2. Construction
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Diamond-Impregnated Wheels Market Size and Volume Forecast by Type
13.7.1. Sintering Type
13.7.2. Electroplating
13.7.3. Brazing
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 Diamond-Impregnated Wheels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Diamond-Impregnated Wheels Market: Market Share Analysis
14.2. Diamond-Impregnated Wheels Distributors and Customers
14.3. Diamond-Impregnated Wheels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ehwa
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shinhan Diamond
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tyrolit
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Saint-Gobain
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ICS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nihon Kenshi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Husqvara
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shenzhen Yongcun Jingangshi Gongsi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Novatek
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GE
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DeBeers
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
