Market Overview:
The global diamond polishing 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 polishing wheels from various end-use industries, such as cutting tool manufacturing, precision grinding & finishing, and aerospace. In terms of type, the 3 inch segment is expected to lead the global diamond polishing wheels market during the forecast period. This can be attributed to its growing demand from small and medium-sized enterprises (SMEs) across different regions. In terms of application, the cutting tool manufacturing segment is projected to lead the global diamond polishing wheels market during 2018–2030 owing to its high demand from end-use industries such as automotive and aerospace.
Product Definition:
A diamond polishing wheel is a device made of many small diamonds bonded to the surface of a wheel. It is used to polish materials such as metal, glass, or gemstones.
3 Inch:
3 inch wheels are used in diamond polishing wheels market for the purpose of grinding and polishing diamonds. The wheel is made up of special material which has the ability to cut, grind and polish any type of rough or finished stone with ease. The wheel is mounted on a universal joint which allows free movement in all directions. This feature makes it easy to adjust while using for different sized stones as well as enables smooth functioning even after several years of usage.
3.75 Inch:
The 3.75 inch wheel is a standard size for polishing wheels in the diamond industry. The wheel has 54 teeth and its diameter is approximately 75 mm which makes it an ideal choice for polishing rough diamonds into finished products. The high number of teeth helps to cover more area of the disc in less time, thus increasing productivity by a large margin as compared to 6 or 8-inch wheels.
Application Insights:
The aerospace application segment accounted for the largest share of over 30% in 2017. The use of diamond wheels in the aerospace industry is driven by properties such as high lapping speed, superior grinding ability, and long life. Aerospace components are subject to extreme environmental conditions including temperature & humidity that require precision-finished parts for assembly & maintenance operations. As a result, polishing wheels are used to provide a smooth surface with better grip for working on various components such as fasteners, nuts and bolts, rivets and screws etc., thereby enhancing productivity across all applications globally.
The automotive sector is expected to witness significant growth over the forecast period owing to rising demand from emerging economies including China India Japan South Korea Brazil etc.
Regional Analysis:
Asia Pacific dominated the global diamond polishing wheels market in 2017. The growth is attributed to increasing demand for high-quality precision tools and machinery from various end-use industries, such as aerospace & defense, automotive, medical & scientific instruments. In addition, rising industrialization and rapid urbanization in this region are expected to boost the product demand over the forecast period.
The growing manufacturing sector in emerging economies of Asia Pacific including China and India is anticipated to propel product consumption over the next eight years. Furthermore, favorable government policies encouraging investments through tax benefits are projected to drive regional market growth during the forecast period.
Europe accounted for a significant share of revenue generated by global diamond polishing wheels industry owing to its well-established machine tool industry coupled with advanced technology adoption across several sectors including automotive and aerospace manufacturing facilities of Germany, UK France Italy Russia Spain etc.
Growth Factors:
- Increasing demand for diamond polishing wheels from the automotive and aerospace industries due to the growing need for precision and high-quality finishes.
- Rising popularity of nanotechnology and its increasing application in various industries, which is expected to drive the demand for diamond polishing wheels over the forecast period.
- Growing investments in research and development activities by leading players to develop innovative products that can cater to the needs of different end-use industries.
- Technological advancements in manufacturing processes that have led to an increase in production efficiency, thereby resulting in lower costs of diamond polishing wheels, making them more affordable for consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diamond Polishing Wheels Market Research Report
By Type
3 Inch, 3.75 Inch, 4 Inch, 5 Inch, 6 Inch
By Application
Cutting Tool Manufacturing, Precision Grinding & Finishing, Aerospace
By Companies
M, Kerr, Ferris, Castaldo, Neycraft, Steamaster, Foredom, Glendo GRS, Ukam, M
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Diamond Polishing Wheels Market Report Segments:
The global Diamond Polishing Wheels market is segmented on the basis of:
Types
3 Inch, 3.75 Inch, 4 Inch, 5 Inch, 6 Inch
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
Cutting Tool Manufacturing, Precision Grinding & Finishing, Aerospace
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:
- M
- Kerr
- Ferris
- Castaldo
- Neycraft
- Steamaster
- Foredom
- Glendo GRS
- Ukam
- M
Highlights of The Diamond Polishing 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:
- 3 Inch
- 3.75 Inch
- 4 Inch
- 5 Inch
- 6 Inch
- By Application:
- Cutting Tool Manufacturing
- Precision Grinding & Finishing
- Aerospace
- 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 Polishing 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 polishing wheels are used to polish diamonds. They have a series of small, sharp blades that rotate around a central hub. Diamond polishing wheels are often used in conjunction with diamond cloths and other diamond-polishing tools to produce a high-quality finish on diamonds.
Some of the major companies in the diamond polishing wheels market are M, Kerr, Ferris, Castaldo, Neycraft, Steamaster, Foredom, Glendo GRS, Ukam, M.
The diamond polishing wheels market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diamond Polishing 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 Diamond Polishing Wheels Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Diamond Polishing 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 Diamond Polishing 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 Diamond Polishing Wheels Market Size & Forecast, 2020-2028 4.5.1 Diamond Polishing Wheels Market Size and Y-o-Y Growth 4.5.2 Diamond Polishing 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 3 Inch
5.2.2 3.75 Inch
5.2.3 4 Inch
5.2.4 5 Inch
5.2.5 6 Inch
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 Cutting Tool Manufacturing
6.2.2 Precision Grinding & Finishing
6.2.3 Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diamond Polishing 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 Diamond Polishing 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 3 Inch
9.6.2 3.75 Inch
9.6.3 4 Inch
9.6.4 5 Inch
9.6.5 6 Inch
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 Cutting Tool Manufacturing
9.10.2 Precision Grinding & Finishing
9.10.3 Aerospace
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 3 Inch
10.6.2 3.75 Inch
10.6.3 4 Inch
10.6.4 5 Inch
10.6.5 6 Inch
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 Cutting Tool Manufacturing
10.10.2 Precision Grinding & Finishing
10.10.3 Aerospace
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 3 Inch
11.6.2 3.75 Inch
11.6.3 4 Inch
11.6.4 5 Inch
11.6.5 6 Inch
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 Cutting Tool Manufacturing
11.10.2 Precision Grinding & Finishing
11.10.3 Aerospace
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 3 Inch
12.6.2 3.75 Inch
12.6.3 4 Inch
12.6.4 5 Inch
12.6.5 6 Inch
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 Cutting Tool Manufacturing
12.10.2 Precision Grinding & Finishing
12.10.3 Aerospace
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 3 Inch
13.6.2 3.75 Inch
13.6.3 4 Inch
13.6.4 5 Inch
13.6.5 6 Inch
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 Cutting Tool Manufacturing
13.10.2 Precision Grinding & Finishing
13.10.3 Aerospace
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 Diamond Polishing Wheels Market: Competitive Dashboard
14.2 Global Diamond Polishing Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 Kerr
14.3.3 Ferris
14.3.4 Castaldo
14.3.5 Neycraft
14.3.6 Steamaster
14.3.7 Foredom
14.3.8 Glendo GRS
14.3.9 Ukam
14.3.10 M