Market Overview:
The global grinder wheel 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 grinding wheels from 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 expected to witness highest growth during the forecast period. This can be attributed to its properties such as high wear resistance and toughness which make it suitable for use in various applications.
Product Definition:
A grinder wheel is a type of grinding wheel that is used to grind or hone the surface of materials. Grinder wheels are typically made from a variety of materials, including aluminum oxide, silicon carbide, and diamond. They are used to grind and polish metals, plastics, and other materials.
Resinoid Bond Grinding Wheels:
Resinoid bond grinding wheels are used for reducing the particle size of a wide range of solid materials, such as plastics, rubbers and polymers. The resinoid bond wheel is basically an abrasion-resistant wheel with bonded abrasive grains. It is designed to grind various materials into extremely fine particles.
The resinoid bond wheels are widely used in plasticizers, lubricants.
Vitrified Bond Grinding Wheels:
Vitrified bond grinding wheels are made up of very hard material and have a high speed. These wheels are used in the market for crushing various ores to make them fit for different processes in industries such as glass, cement, iron & steel and others. The main function of these wheels is to provide ultra-fine particles with close particle size distribution which helps in providing better quality end product.
Application Insights:
The bearing and machinery application segment led the global market in 2017. The segment is projected to witness significant growth over the forecast period owing to rising demand for grinding wheels from various sectors, including construction, transport industry and steel industry. In addition, increasing investments by companies in developing new products with enhanced features are expected to drive the product demand over the next eight years.
The steel industry is one of the largest consumers of grinder wheels as they help reduce costs while producing high-quality metal dusts and powders that are further used in various industries including construction materials, automotive components manufacturing or even household applications such as flour milling or cement production.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing demand from end-use industries such as steel, construction, transport and others. China is one of the largest producers of grinder wheels globally owing to presence of a large number of manufacturers in this country.
The Asia Pacific region has witnessed significant growth in recent years owing to rapid development taking place across several economies including India, China, Indonesia among others. In addition, rising disposable income coupled with growing population has led to an increase in construction activities which will further boost product demand over the next eight years.
Europe was another major consumer for grinder wheels globally due Grindec grinders European Union regulations regarding energy efficiency coupled with environmental protection are anticipated to drive product adoption across various applications within Europe region during the forecast period.
Growth Factors:
- Increasing demand for grinding wheel from the automotive and aerospace industries due to the growing need for precision and accuracy in machining operations.
- Rising demand for grinding wheel from small-scale businesses that require high-quality, low-cost abrasive products.
- Growing popularity of coated grinding wheels as they offer improved performance over traditional uncoated wheels in terms of life, speed, and finish quality.
- Technological advancements in the manufacturing process of grinding wheels that have led to the development of new types of abrasives such as diamond and CBN (cubic boron nitride) grits which are suitable for hard materials like steel, titanium alloys, etc. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Grinder Wheel Market Research Report
By Type
Resinoid Bond Grinding Wheels, Vitrified Bond Grinding Wheels, Others
By Application
Transport Industry, Construction, Bearing & Machinery, Steel Industry, Others
By Companies
Klingspor, 3M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Andre Abrasive, DK Holdings, Elka, Keihin Kogyosho Co., Ltd, Northern Grinding Wheels
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Grinder Wheel Market Report Segments:
The global Grinder Wheel market is segmented on the basis of:
Types
Resinoid Bond Grinding Wheels, Vitrified Bond Grinding Wheels, Others
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, 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:
- Klingspor
- 3M
- Mirka
- Noritake
- Saint-Gobain
- Kure Grinding Wheel
- Camel Grinding Wheels
- Tyrolit Group
- SHIN-EI Grinding Wheels
- DSA Products
- Andre Abrasive
- DK Holdings
- Elka
- Keihin Kogyosho Co., Ltd
- Northern Grinding Wheels
Highlights of The Grinder Wheel 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
- Others
- By Application:
- Transport Industry
- Construction
- Bearing & Machinery
- Steel Industry
- 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 Grinder Wheel 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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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?
A grinder wheel is a type of industrial grinding wheel. It is used to grind materials such as metal, plastic, or glass into smaller pieces.
Some of the key players operating in the grinder wheel market are Klingspor, 3M, Mirka, Noritake, Saint-Gobain, Kure Grinding Wheel, Camel Grinding Wheels, Tyrolit Group, SHIN-EI Grinding Wheels, DSA Products, Andre Abrasive, DK Holdings, Elka, Keihin Kogyosho Co., Ltd, Northern Grinding Wheels.
The grinder wheel 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 Grinder Wheel 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 Grinder Wheel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Grinder Wheel 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 Grinder Wheel 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 Grinder Wheel Market Size & Forecast, 2018-2028 4.5.1 Grinder Wheel Market Size and Y-o-Y Growth 4.5.2 Grinder Wheel Market Absolute $ Opportunity
Chapter 5 Global Grinder Wheel 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 Grinder Wheel Market Size Forecast by Type
5.2.1 Resinoid Bond Grinding Wheels
5.2.2 Vitrified Bond Grinding Wheels
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Grinder Wheel 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 Grinder Wheel Market Size Forecast by Applications
6.2.1 Transport Industry
6.2.2 Construction
6.2.3 Bearing & Machinery
6.2.4 Steel Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Grinder Wheel 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 Grinder Wheel 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 Grinder Wheel Analysis and Forecast
9.1 Introduction
9.2 North America Grinder Wheel 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 Grinder Wheel Market Size Forecast by Type
9.6.1 Resinoid Bond Grinding Wheels
9.6.2 Vitrified Bond Grinding Wheels
9.6.3 Others
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 Grinder Wheel Market Size Forecast by Applications
9.10.1 Transport Industry
9.10.2 Construction
9.10.3 Bearing & Machinery
9.10.4 Steel Industry
9.10.5 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 Grinder Wheel Analysis and Forecast
10.1 Introduction
10.2 Europe Grinder Wheel 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 Grinder Wheel Market Size Forecast by Type
10.6.1 Resinoid Bond Grinding Wheels
10.6.2 Vitrified Bond Grinding Wheels
10.6.3 Others
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 Grinder Wheel Market Size Forecast by Applications
10.10.1 Transport Industry
10.10.2 Construction
10.10.3 Bearing & Machinery
10.10.4 Steel Industry
10.10.5 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 Grinder Wheel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Grinder Wheel 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 Grinder Wheel Market Size Forecast by Type
11.6.1 Resinoid Bond Grinding Wheels
11.6.2 Vitrified Bond Grinding Wheels
11.6.3 Others
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 Grinder Wheel Market Size Forecast by Applications
11.10.1 Transport Industry
11.10.2 Construction
11.10.3 Bearing & Machinery
11.10.4 Steel Industry
11.10.5 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 Grinder Wheel Analysis and Forecast
12.1 Introduction
12.2 Latin America Grinder Wheel 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 Grinder Wheel Market Size Forecast by Type
12.6.1 Resinoid Bond Grinding Wheels
12.6.2 Vitrified Bond Grinding Wheels
12.6.3 Others
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 Grinder Wheel Market Size Forecast by Applications
12.10.1 Transport Industry
12.10.2 Construction
12.10.3 Bearing & Machinery
12.10.4 Steel Industry
12.10.5 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) Grinder Wheel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Grinder Wheel 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) Grinder Wheel Market Size Forecast by Type
13.6.1 Resinoid Bond Grinding Wheels
13.6.2 Vitrified Bond Grinding Wheels
13.6.3 Others
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) Grinder Wheel Market Size Forecast by Applications
13.10.1 Transport Industry
13.10.2 Construction
13.10.3 Bearing & Machinery
13.10.4 Steel Industry
13.10.5 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 Grinder Wheel Market: Competitive Dashboard
14.2 Global Grinder Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Klingspor
14.3.2 3M
14.3.3 Mirka
14.3.4 Noritake
14.3.5 Saint-Gobain
14.3.6 Kure Grinding Wheel
14.3.7 Camel Grinding Wheels
14.3.8 Tyrolit Group
14.3.9 SHIN-EI Grinding Wheels
14.3.10 DSA Products
14.3.11 Andre Abrasive
14.3.12 DK Holdings
14.3.13 Elka
14.3.14 Keihin Kogyosho Co., Ltd
14.3.15 Northern Grinding Wheels