Market Overview:
The global precision 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 precision 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 precision grinding applications in various end-use industries.
Product Definition:
A precision grinder wheel is a type of grinding wheel that is used for machining precise details and features on metal parts. Precision grinder wheels are typically made from very hard materials, such as tungsten carbide, and are used to remove small amounts of material at a time in order to create extremely accurate dimensions and finishes.
Resinoid Bond Grinding Wheels:
Resinoid bond grinding wheels are used for reducing the overall wheel weight and increasing the durability of precision grinder wheels. The product is made up of resinoids, which are high-performance polymers with a molecular structure similar to that of natural rubber. These products have excellent abrasion resistance, high impact strength, and low water absorption rate as compared to other synthetic materials such as Polyurethane (PU) or Polyvinyl Chloride (PVC).
Vitrified Bond Grinding Wheels:
Vitrified bond grinding wheels are made up of very hard material and they are used in precision grinder wheel market for the purpose of sharp cutting edges. These wheels have a structure, which is made up of glass embedded with organic materials such as wood or bone. The glass part acts as a bonding agent while the organic part provides shape to the wheel.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this industry can be attributed to a large extent to the availability of high-quality raw materials and skilled manpower across various countries worldwide.
The bearing & machinery sector is also estimated to register a notable growth rate over the next eight years owing to increasing demand for high-performance grinding wheels from major manufacturers such as Ingersoll Rand, FAG, NTNUH JCI etc. These companies are engaged in research activities pertaining precision grinding wheels for their products with an objective of exceeding customer expectations by providing enhanced performance at an affordable cost. This trend is likely to boost product demand during this period.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for precision grinding wheel in industrial machinery, construction and automotive applications. Increasing foreign investments coupled with favorable government policies are expected to boost manufacturing activities in Asia Pacific region, which is likely to propel product demand over the coming years.
The growing infrastructure development along with rising requirement of bearing and machinery products due to changing consumer preferences & lifestyle has led manufacturers of precision grinder wheel across Asia Pacific region expand their production capacities by acquiring new or existing brands or patents from other companies within their respective industries. This resulted into increased product availability at competitive prices thereby boosting its usage across various sectors including transport, industrial machinery, construction and others.
Growth Factors:
- Increasing demand for precision grinding wheel from automotive and aerospace industries
- Growing popularity of abrasive materials for grinding applications
- Rising demand for high-performance grinding wheels from manufacturing sector
- Technological advancements in precision grinder wheel design and manufacturing process
- Growing awareness about the benefits of using precision grinder wheels in various industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision 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, M, 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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Precision Grinder Wheel Market Report Segments:
The global Precision 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
- M
- 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 Precision 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 Precision 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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- Product & Brand Management
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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 precision grinder wheel is a type of grinding wheel that has been specifically designed to produce high-quality finishes on metal parts. These wheels are typically made from hardened steel and have specially shaped teeth that help them cut through the metal with ease. They are often used in industrial settings to grind down metals into precise shapes or sizes, and they can be very useful for creating accurate surfaces on which other materials can be applied.
Some of the major players in the precision grinder wheel market are Klingspor, M, 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 precision 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 Precision 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 Precision Grinder Wheel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision 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 Precision 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 Precision Grinder Wheel Market Size & Forecast, 2020-2028
4.5.1 Precision Grinder Wheel Market Size and Y-o-Y Growth
4.5.2 Precision Grinder Wheel 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 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 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 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 Precision 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 Precision 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 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 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 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 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 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 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 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 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 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 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 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 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) 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 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) 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 Precision Grinder Wheel Market: Competitive Dashboard
14.2 Global Precision Grinder Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Klingspor
14.3.2 M
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
