Market Overview:
The global wheel mandrel 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 cutting and abrasive tools across various industries. In addition, the growing demand for jet wheel mandrels is also contributing to the growth of this market. North America dominates the global wheel mandrel market, followed by Europe and Asia Pacific.
Product Definition:
A wheel mandrel is a tool used to hold a circular object in place while it is being worked on. It is important because it allows the object to be rotated while it is being hammered or shaped, which ensures that the work is done evenly on all sides.
Jet Wheel Mandrel:
A jet wheel mandrel is a device used to form the hub and rim of wheels. It consists of two metal plates, which are clamped by four bolts. The pressure applied on the upper plate generates electricity through induction, which energizes the motor that drives a gear mechanism below. This mechanism forms the rim and hub of wheel with utmost accuracy as compared to other molds available in market.
Hammer Wheel Mandrel:
The hammer wheel mandrel is a device used to form the hub of the wheel. It consists of an outer race, which is mounted on a spindle and an inner race, which is mounted on the hub. The outer race has several teeth; as a result, it rotates around its own axis at high speed. The spindle extends through the center of this outer race and forms tire-like structure around it.
Application Insights:
The cutting tool application segment led the global wheel mandrel market in 2017. The segment is projected to expand at a steady CAGR from 2018 to 2030 owing to its wide-spread use for manufacturing various industrial machinery, including metal cutting machines and grinding equipment.
The abrasive tool application segment is expected to witness significant growth over the forecast period due largely on the development of new products with enhanced features and benefits such as high precision grinding & polishing operations along with low maintenance cost and compact size. In addition, increasing demand for these products from end-use industries such as automotive & transportation will further boost industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global wheel mandrel market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for metal cutting tools from automotive, industrial machinery, construction and aerospace industries. In addition, rising investments by governments in developing infrastructure such as roads and railways are anticipated to drive product demand over the coming years.
The growing manufacturing sector in emerging economies of Asia Pacific including China and India is likely to propel product demand from various end-use sectors such as automotive, aerospace & defense, marine & naval among others. Rapid urbanization coupled with expanding transportation network has led to increased usage of heavy commercial vehicles which results into greater need for wheel mandrels across this region.
North America accounted for a major share due its well established steel industry along with rapid growth of other applications sectors such as construction.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising demand from the automotive sector
- Growing popularity of advanced wheel designs
- Proliferation of online retail platforms
- Expansion of the aftermarket segment
Scope Of The Report
Report Attributes
Report Details
Report Title
Wheel Mandrel Market Research Report
By Type
Jet Wheel Mandrel, Hammer Wheel Mandrel
By Application
Cutting Tool, Abrasive Tool
By Companies
M, Derby Worx, ABC Pinewood Car, Weiler Abrasives, Walter Surface Technologies, W.W. Grainger, Empire Abrasives, Derby Dust, Travers Tool, Micro-Mark, Princess Auto
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Wheel Mandrel Market Report Segments:
The global Wheel Mandrel market is segmented on the basis of:
Types
Jet Wheel Mandrel, Hammer Wheel Mandrel
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, Abrasive Tool
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
- Derby Worx
- ABC Pinewood Car
- Weiler Abrasives
- Walter Surface Technologies
- W.W. Grainger
- Empire Abrasives
- Derby Dust
- Travers Tool
- Micro-Mark
- Princess Auto
Highlights of The Wheel Mandrel 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:
- Jet Wheel Mandrel
- Hammer Wheel Mandrel
- By Application:
- Cutting Tool
- Abrasive Tool
- 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 Wheel Mandrel 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?
Wheel mandrel is a tool used to form metal parts by rotating the part on a cylindrical shaft.
Some of the key players operating in the wheel mandrel market are M, Derby Worx, ABC Pinewood Car, Weiler Abrasives, Walter Surface Technologies, W.W. Grainger, Empire Abrasives, Derby Dust, Travers Tool, Micro-Mark, Princess Auto.
The wheel mandrel 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 Wheel Mandrel 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 Wheel Mandrel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wheel Mandrel 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 Wheel Mandrel 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 Wheel Mandrel Market Size & Forecast, 2020-2028
4.5.1 Wheel Mandrel Market Size and Y-o-Y Growth
4.5.2 Wheel Mandrel 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 Jet Wheel Mandrel
5.2.2 Hammer Wheel Mandrel
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
6.2.2 Abrasive Tool
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wheel Mandrel 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 Wheel Mandrel 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 Jet Wheel Mandrel
9.6.2 Hammer Wheel Mandrel
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
9.10.2 Abrasive Tool
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 Jet Wheel Mandrel
10.6.2 Hammer Wheel Mandrel
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
10.10.2 Abrasive Tool
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 Jet Wheel Mandrel
11.6.2 Hammer Wheel Mandrel
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
11.10.2 Abrasive Tool
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 Jet Wheel Mandrel
12.6.2 Hammer Wheel Mandrel
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
12.10.2 Abrasive Tool
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 Jet Wheel Mandrel
13.6.2 Hammer Wheel Mandrel
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
13.10.2 Abrasive Tool
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 Wheel Mandrel Market: Competitive Dashboard
14.2 Global Wheel Mandrel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 Derby Worx
14.3.3 ABC Pinewood Car
14.3.4 Weiler Abrasives
14.3.5 Walter Surface Technologies
14.3.6 W.W. Grainger
14.3.7 Empire Abrasives
14.3.8 Derby Dust
14.3.9 Travers Tool
14.3.10 Micro-Mark
14.3.11 Princess Auto
