Market Overview:
The global CBN 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 CBN wheels in various applications, such as automotive parts, metal grinding, and industrial applications. In terms of type, the resin CBN wheel segment is expected to hold a major share of the global CBN Wheels market during the forecast period. This can be attributed to its properties such as high wear resistance and toughness.
Product Definition:
CBN Wheels are coated with a layer of cubic boron nitride (CBN), which is an extremely hard material. They are used for grinding and sharpening tools and other objects because they can withstand high temperatures and wear.
Resin CBN Wheels:
Resin CBN wheels are manufactured using a resin that is derived from Cannabis Sativa. The resin is then processed to convert it into a solid form, which is used as the raw material for manufacturing wheels. These wheels are made available in different sizes and shapes, and their properties such as hardness & weight affect the choice of vehicles they are to be installed in.
Metal CBN Wheels:
Metal CBN wheels are used in the manufacturing of trucks, construction machinery, buses and agricultural equipment. The metal-based Central Bank of Nickels (CBN) wheels are manufactured by using a special process that involves heating and drawing nickel plating mixture onto steel or aluminum rims. These wheels have high durability as compared to plastic or rubber-based CBN wheels; thus making them suitable for heavy-duty applications.
Application Insights:
The automotive parts segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand from passenger cars and light commercial vehicles, especially in developing countries such as India, China and Brazil. In addition, stringent regulations on vehicle emissions are expected to boost product demand over the forecast period.
Metal grinding is one of the major applications that contributes toward a significant revenue share owing to high product utilization across this industry vertical due to various benefits offered by these products including improved surface finish of metal surfaces coupled with low maintenance cost associated with them. Ceramic CBN wheels are widely utilized in several industrial applications including cement production plants as they help improve process efficiency while reducing energy consumption thus contributing toward a significant revenue share towards global industry growth during future 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 automotive production and sales, construction activities, and technological advancements. In addition, rising disposable income of consumers in developing economies including China and India is anticipated to fuel demand for luxury vehicles such as BMWs, which will further propel regional growth.
The growing manufacturing sector in Canada has resulted in an increased demand for metal-cutting machines that uses abrasive wheels for shaping operations on various types of metals such as steel alloys, stainless steels etc., thus driving regional market growth.
North America was valued at USD X billion owing to high consumption levels generated from end-use industries such as automotive.
Growth Factors:
- Increasing demand for luxury cars
- Rising disposable income of consumers
- Growing popularity of sports cars
- Technological advancements in the automotive industry
- Changing lifestyle and preferences of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
CBN Wheels Market Research Report
By Type
Resin CBN Wheels, Metal CBN Wheels, Ceramic CBN Wheels, Electroplated CBN Wheels
By Application
Automotive Parts, Metal Grinding, Industrial, Others
By Companies
Noritake, A.L.M.T. Corp., Norton Abrasives, Funik, Nitolex, KWH Mirka, Ltd, Sherwood, ATRYZ INAKEN, Woodcut Tools Limited, Vicmarc Machinery, Keihin Kogyosho, Sifang Diamond, Sanchao Advanced Material, Shenyang Zhongke Superhard, Hunan Xinda New Material, Magni Nuova Abrasivi, Shenzhen Dihua Grinding, Yinglong(Herohome)
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global CBN Wheels Market Report Segments:
The global CBN Wheels market is segmented on the basis of:
Types
Resin CBN Wheels, Metal CBN Wheels, Ceramic CBN Wheels, Electroplated CBN Wheels
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 Parts, Metal Grinding, Industrial, 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:
- Noritake
- A.L.M.T. Corp.
- Norton Abrasives
- Funik
- Nitolex
- KWH Mirka, Ltd
- Sherwood
- ATRYZ INAKEN
- Woodcut Tools Limited
- Vicmarc Machinery
- Keihin Kogyosho
- Sifang Diamond
- Sanchao Advanced Material
- Shenyang Zhongke Superhard
- Hunan Xinda New Material
- Magni Nuova Abrasivi
- Shenzhen Dihua Grinding
- Yinglong(Herohome)
Highlights of The CBN 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:
- Resin CBN Wheels
- Metal CBN Wheels
- Ceramic CBN Wheels
- Electroplated CBN Wheels
- By Application:
- Automotive Parts
- Metal Grinding
- Industrial
- 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 CBN 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?
CBN Wheels is a new type of wheel that uses CBN (carbon-based nanotubes) as its main material. These wheels are said to be much stronger and more durable than traditional wheels, making them perfect for use in heavy vehicles.
Some of the major companies in the cbn wheels market are Noritake, A.L.M.T. Corp., Norton Abrasives, Funik, Nitolex, KWH Mirka, Ltd, Sherwood, ATRYZ INAKEN, Woodcut Tools Limited, Vicmarc Machinery, Keihin Kogyosho, Sifang Diamond, Sanchao Advanced Material, Shenyang Zhongke Superhard, Hunan Xinda New Material, Magni Nuova Abrasivi, Shenzhen Dihua Grinding, Yinglong(Herohome).
The cbn wheels 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 CBN Wheels 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 CBN Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CBN Wheels 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 CBN Wheels 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 CBN Wheels Market Size & Forecast, 2020-2028
4.5.1 CBN Wheels Market Size and Y-o-Y Growth
4.5.2 CBN Wheels 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 Resin CBN Wheels
5.2.2 Metal CBN Wheels
5.2.3 Ceramic CBN Wheels
5.2.4 Electroplated CBN Wheels
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 Automotive Parts
6.2.2 Metal Grinding
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CBN Wheels 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 CBN Wheels 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 Resin CBN Wheels
9.6.2 Metal CBN Wheels
9.6.3 Ceramic CBN Wheels
9.6.4 Electroplated CBN Wheels
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 Automotive Parts
9.10.2 Metal Grinding
9.10.3 Industrial
9.10.4 Others
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 Resin CBN Wheels
10.6.2 Metal CBN Wheels
10.6.3 Ceramic CBN Wheels
10.6.4 Electroplated CBN Wheels
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 Automotive Parts
10.10.2 Metal Grinding
10.10.3 Industrial
10.10.4 Others
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 Resin CBN Wheels
11.6.2 Metal CBN Wheels
11.6.3 Ceramic CBN Wheels
11.6.4 Electroplated CBN Wheels
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 Automotive Parts
11.10.2 Metal Grinding
11.10.3 Industrial
11.10.4 Others
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 Resin CBN Wheels
12.6.2 Metal CBN Wheels
12.6.3 Ceramic CBN Wheels
12.6.4 Electroplated CBN Wheels
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 Automotive Parts
12.10.2 Metal Grinding
12.10.3 Industrial
12.10.4 Others
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 Resin CBN Wheels
13.6.2 Metal CBN Wheels
13.6.3 Ceramic CBN Wheels
13.6.4 Electroplated CBN Wheels
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 Automotive Parts
13.10.2 Metal Grinding
13.10.3 Industrial
13.10.4 Others
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 CBN Wheels Market: Competitive Dashboard
14.2 Global CBN Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Noritake
14.3.2 A.L.M.T. Corp.
14.3.3 Norton Abrasives
14.3.4 Funik
14.3.5 Nitolex
14.3.6 KWH Mirka, Ltd
14.3.7 Sherwood
14.3.8 ATRYZ INAKEN
14.3.9 Woodcut Tools Limited
14.3.10 Vicmarc Machinery
14.3.11 Keihin Kogyosho
14.3.12 Sifang Diamond
14.3.13 Sanchao Advanced Material
14.3.14 Shenyang Zhongke Superhard
14.3.15 Hunan Xinda New Material
14.3.16 Magni Nuova Abrasivi
14.3.17 Shenzhen Dihua Grinding
14.3.18 Yinglong(Herohome)
