Market Overview:
The global abrasive machines 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 machines from various end-use industries, such as automotive, machine tools and OEMs, electronics and semiconductors, healthcare and medical devices, among others. In addition, the growing awareness about the benefits of using abrasive machines is also contributing to the growth of this market. Based on type, the global abrasive machines market can be segmented into industrial and hand-held segments. The industrial segment is expected to account for a major share of this market during the forecast period owing to its wide applications in various end-use industries. By application, the automotive segment is projected to lead this market during 2018–2030 due its growing demand from across different regions worldwide.
Product Definition:
Abrasive machines are used to grind down or polish a surface. They can be used for many different materials, including metal, wood, and plastic. Abrasive machines are important because they can help to create a smooth surface on a material.
Industrial:
Industrial abrasive machines are used in a wide range of applications including automotive, aerospace and defense, construction equipment, electronics manufacturing industries. The global growth factor for abrasive machines market is expected to be around 4% over the forecast period.
The industrial sector has been growing at a steady pace with high demand from various sectors such as automotive & transportation and consumer goods industry which is anticipated to drive the growth of this market during the forecast period 2014-2025.
Hand-Held:
Hand-held or hand-held machine is a tool that is used to perform operations which are normally done by another machine. Hand held machines are also known as handheld tools or handheld equipment. They can be categorized into two types: fixed and portable. Portable machines include drills, saws, wrenches, etc., while fixed ones comprise sanders, grinder/grinders, compressors/pumps (for air), lasers (notionally), and others (like welding equipment).
Application Insights:
The global abrasive machines market is segmented by application into automotive, electronics and semiconductors, machine tools and other OEMs, healthcare and medical devices, construction equipment industry. The automotive segment accounted for the largest share in 2017 owing to the high demand from this sector. In addition to that, increasing production of vehicles in emerging markets such as India and China is expected to drive demand over the forecast period.
Electronics And Semiconductors was one of the fastest growing segments with a CAGR of XX% from 2018 to 2030 on account of increasing product demand from this sector which includes consumer appliances along with industrial machinery components such as sensors or switches.
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, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to various factors such as increasing population and industrial output. Moreover, these economies are also developing technologically advanced products that can be used for abrasive machines manufacturing purposes. This factor will further boost regional product demand during the forecast period.
The Asia Pacific region was followed by Europe in terms of revenue share in 2017; however, it is anticipated that APAC will edge ahead of EMEA during the forecast years due to increased spending on machine tools & OEMs sector coupled with growing electronics industry across Asian countries like China and India which eventually drives product demand from abrasives manufacturers there (machine tool makers).
Growth Factors:
- Increasing demand for abrasive machines from the automotive and aerospace industries due to the growing need for precision machining.
- Rising demand for abrasive machines from small- and medium-scale enterprises due to the increasing popularity of abrasive machining as a cost-effective alternative to traditional methods such as milling, turning, and grinding.
- Growing awareness about the benefits of using abrasive machines among end users, which is resulting in an increase in adoption rates across various industries.
- Technological advancements that are making abrasive machines more efficient and productive, thereby widening their appeal among buyers.
- The increasing use of automated systems in manufacturing facilities that are requiring higher precision levels, which is leading to an increase in demand for high quality abrasive machines
Scope Of The Report
Report Attributes
Report Details
Report Title
Abrasive Machines Market Research Report
By Type
Industrial, Hand-Held
By Application
Automotive, Machine Tools And Oems, Electronics And Semiconductors, Healthcare And Medical Devices
By Companies
Saint-Gobain Group, 3M Company, NORITAKE CO., LIMITED, TYROLIT Group, Toyoda Van Moppes Ltd., Black & Decker Corporation, Bosch Group, Junker Group, L. KELLENBERGER & Co. AG, Korber AG, Saint-Gobain Group
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Abrasive Machines Market Report Segments:
The global Abrasive Machines market is segmented on the basis of:
Types
Industrial, Hand-Held
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
Automotive, Machine Tools And Oems, Electronics And Semiconductors, Healthcare And Medical Devices
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:
- Saint-Gobain Group
- 3M Company
- NORITAKE CO., LIMITED
- TYROLIT Group
- Toyoda Van Moppes Ltd.
- Black & Decker Corporation
- Bosch Group
- Junker Group
- L. KELLENBERGER & Co. AG
- Korber AG
- Saint-Gobain Group
Highlights of The Abrasive Machines 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:
- Industrial
- Hand-Held
- By Application:
- Automotive
- Machine Tools And Oems
- Electronics And Semiconductors
- Healthcare And Medical Devices
- 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 Abrasive Machines 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?
Abrasive machines are used to remove material by rubbing it against a hard surface. This can be done with sandpaper, diamond blades, or other types of abrasives.
Some of the key players operating in the abrasive machines market are Saint-Gobain Group, 3M Company, NORITAKE CO., LIMITED, TYROLIT Group, Toyoda Van Moppes Ltd., Black & Decker Corporation, Bosch Group, Junker Group, L. KELLENBERGER & Co. AG, Korber AG, Saint-Gobain Group.
The abrasive machines 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 Abrasive Machines 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 Abrasive Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Abrasive Machines 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 Abrasive Machines 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 Abrasive Machines Market Size & Forecast, 2018-2028
4.5.1 Abrasive Machines Market Size and Y-o-Y Growth
4.5.2 Abrasive Machines Market Absolute $ Opportunity
Chapter 5 Global Abrasive Machines 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 Abrasive Machines Market Size Forecast by Type
5.2.1 Industrial
5.2.2 Hand-Held
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Abrasive Machines 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 Abrasive Machines Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Machine Tools And Oems
6.2.3 Electronics And Semiconductors
6.2.4 Healthcare And Medical Devices
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Abrasive Machines 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 Abrasive Machines 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 Abrasive Machines Analysis and Forecast
9.1 Introduction
9.2 North America Abrasive Machines 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 Abrasive Machines Market Size Forecast by Type
9.6.1 Industrial
9.6.2 Hand-Held
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 Abrasive Machines Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Machine Tools And Oems
9.10.3 Electronics And Semiconductors
9.10.4 Healthcare And Medical Devices
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 Abrasive Machines Analysis and Forecast
10.1 Introduction
10.2 Europe Abrasive Machines 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 Abrasive Machines Market Size Forecast by Type
10.6.1 Industrial
10.6.2 Hand-Held
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 Abrasive Machines Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Machine Tools And Oems
10.10.3 Electronics And Semiconductors
10.10.4 Healthcare And Medical Devices
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 Abrasive Machines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Abrasive Machines 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 Abrasive Machines Market Size Forecast by Type
11.6.1 Industrial
11.6.2 Hand-Held
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 Abrasive Machines Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Machine Tools And Oems
11.10.3 Electronics And Semiconductors
11.10.4 Healthcare And Medical Devices
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 Abrasive Machines Analysis and Forecast
12.1 Introduction
12.2 Latin America Abrasive Machines 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 Abrasive Machines Market Size Forecast by Type
12.6.1 Industrial
12.6.2 Hand-Held
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 Abrasive Machines Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Machine Tools And Oems
12.10.3 Electronics And Semiconductors
12.10.4 Healthcare And Medical Devices
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) Abrasive Machines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Abrasive Machines 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) Abrasive Machines Market Size Forecast by Type
13.6.1 Industrial
13.6.2 Hand-Held
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) Abrasive Machines Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Machine Tools And Oems
13.10.3 Electronics And Semiconductors
13.10.4 Healthcare And Medical Devices
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 Abrasive Machines Market: Competitive Dashboard
14.2 Global Abrasive Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saint-Gobain Group
14.3.2 3M Company
14.3.3 NORITAKE CO., LIMITED
14.3.4 TYROLIT Group
14.3.5 Toyoda Van Moppes Ltd.
14.3.6 Black & Decker Corporation
14.3.7 Bosch Group
14.3.8 Junker Group
14.3.9 L. KELLENBERGER & Co. AG
14.3.10 Korber AG
14.3.11 Saint-Gobain Group
