The global precision grinding wheels market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 2.2 billion by 2030 from USD 1.8 billion in 2018. The growth of this market is driven by the increasing demand for precision grinding wheels in various industries such as automotive, steel and bearing industry due to their high accuracy and low cost per unit area.
The global precision grinding wheels market is segmented on the basis of type, application and region. On the basis of type, it can be divided into cylindrical external grinding, internal grinding, surface grinding and centreless grinding types which are used for different applications such as automotive industry, steel industry and bearing industry respectively. On the basis of application it can be divided into automotive industry (which includes passenger cars), steel industry (which includes cold rolling mills) and bearing industry (which includes ball bearings). Geographically it can be divided into North America (includes US, Canada), Latin America (includes Brazil), Europe (includes Germany), Asia Pacific & Middle East & Africa regions which are further sub-segmented into China India Japan South Korea Australia New Zealand Malaysia Singapore Thailand Vietnam Indonesia Philippines Saudi Arabia Kuwait Qatar United Arab Emirates Oman Bahrain Jordan Lebanon Syria Iraq Iran Yemen Afghanistan Pakistan Turkmenistan Tajikistan Kyrgyzstan Kazakhstan Uzbekistan Azerbaijan Armenia Georgia Azerbaijan Turkey Belarus Moldova Ukraine Russia Belarus Latvia Lithuania Estonia Poland Czech Republic Slovakia Slovenia Austria Hungary Romania Serbia Bosnia Herzegovina Croatia Bulgaria Macedonia Greece Albania Montenegro Kosovo Serbia Andorra Monaco San Marino Vatican City State Andorra San Marino Monaco Vatican City State Kosovo Albania Montenegro Croatia Bosnia Herzegovina Macedonia Greece Romania Serbia Czech Republic Slovakia Slovenia Austria Hungary Hungary Romania Bulgaria Montenegro Kosovo Albania Croatia Bosnia Herzegovina Greece Macedonia Serbia.
Some Of The Growth Factors Of This Market:
- The demand for precision grinding wheels is expected to increase in the near future due to the increasing demand for high-quality products.
- The need for precision grinding wheels is expected to increase as a result of the increasing number of industries that require them, such as automotive, aerospace, and medical industries.
- The need for precision grinding wheels is also expected to increase due to the increased use of these products in various applications such as metalworking and woodworking applications.
- Precision grinding wheel manufacturers are investing in research and development activities which will lead to new product innovations that will help them stay competitive in this market segment.
- Increasing investments by governments on research and development activities related with precision grinding wheels.
Industry Growth Insights published a new data on “Precision Grinding Wheels Market”. The research report is titled “Precision Grinding Wheels Market research by Types (Cylindrical External Grinding, Internal Grinding, Surface Grinding, Centreless Grinding), By Applications (Automotive Industry, Steel Industry, Bearing Industry, Others), By Players/Companies Norton Abrasives, Noritake, 3M, Master Abrasives, TKX, ABRASIVOS MANHATTAN, Westfield Grinding Wheel, Keihin Kogyosho, Darmann”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Grinding Wheels Market Research Report
By Type
Cylindrical External Grinding, Internal Grinding, Surface Grinding, Centreless Grinding
By Application
Automotive Industry, Steel Industry, Bearing Industry, Others
By Companies
Norton Abrasives, Noritake, 3M, Master Abrasives, TKX, ABRASIVOS MANHATTAN, Westfield Grinding Wheel, Keihin Kogyosho, Darmann
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Precision Grinding Wheels Market Report Segments:
The global Precision Grinding Wheels market is segmented on the basis of:
Types
Cylindrical External Grinding, Internal Grinding, Surface Grinding, Centreless Grinding
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 Industry, Steel Industry, Bearing 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:
- Norton Abrasives
- Noritake
- 3M
- Master Abrasives
- TKX
- ABRASIVOS MANHATTAN
- Westfield Grinding Wheel
- Keihin Kogyosho
- Darmann
Highlights of The Precision Grinding 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:
- Cylindrical External Grinding
- Internal Grinding
- Surface Grinding
- Centreless Grinding
- By Application:
- Automotive Industry
- Steel Industry
- Bearing 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 Grinding 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.
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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?
Precision grinding wheels are used to grind metal and other materials. They have a very sharp edge that can easily cut through the material. This makes them perfect for tasks like cutting pieces of metal or grinding down small parts.
Some of the major players in the precision grinding wheels market are Norton Abrasives, Noritake, 3M, Master Abrasives, TKX, ABRASIVOS MANHATTAN, Westfield Grinding Wheel, Keihin Kogyosho, Darmann.
The precision grinding wheels market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision Grinding Wheels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Precision Grinding Wheels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision Grinding Wheels Market - Supply Chain
4.5. Global Precision Grinding Wheels Market Forecast
4.5.1. Precision Grinding Wheels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision Grinding Wheels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision Grinding Wheels Market Absolute $ Opportunity
5. Global Precision Grinding Wheels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Precision Grinding Wheels Market Size and Volume Forecast by Type
5.3.1. Cylindrical External Grinding
5.3.2. Internal Grinding
5.3.3. Surface Grinding
5.3.4. Centreless Grinding
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision Grinding Wheels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Precision Grinding Wheels Market Size and Volume Forecast by Application
6.3.1. Automotive Industry
6.3.2. Steel Industry
6.3.3. Bearing Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision Grinding Wheels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Precision Grinding Wheels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Precision Grinding Wheels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Precision Grinding Wheels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Precision Grinding Wheels Demand Share Forecast, 2019-2029
9. North America Precision Grinding Wheels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Precision Grinding Wheels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Precision Grinding Wheels Market Size and Volume Forecast by Application
9.4.1. Automotive Industry
9.4.2. Steel Industry
9.4.3. Bearing Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision Grinding Wheels Market Size and Volume Forecast by Type
9.7.1. Cylindrical External Grinding
9.7.2. Internal Grinding
9.7.3. Surface Grinding
9.7.4. Centreless Grinding
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Precision Grinding Wheels Demand Share Forecast, 2019-2029
10. Latin America Precision Grinding Wheels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Precision Grinding Wheels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Precision Grinding Wheels Market Size and Volume Forecast by Application
10.4.1. Automotive Industry
10.4.2. Steel Industry
10.4.3. Bearing Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision Grinding Wheels Market Size and Volume Forecast by Type
10.7.1. Cylindrical External Grinding
10.7.2. Internal Grinding
10.7.3. Surface Grinding
10.7.4. Centreless Grinding
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Precision Grinding Wheels Demand Share Forecast, 2019-2029
11. Europe Precision Grinding Wheels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Precision Grinding Wheels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Precision Grinding Wheels Market Size and Volume Forecast by Application
11.4.1. Automotive Industry
11.4.2. Steel Industry
11.4.3. Bearing Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision Grinding Wheels Market Size and Volume Forecast by Type
11.7.1. Cylindrical External Grinding
11.7.2. Internal Grinding
11.7.3. Surface Grinding
11.7.4. Centreless Grinding
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Precision Grinding Wheels Demand Share, 2019-2029
12. Asia Pacific Precision Grinding Wheels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Precision Grinding Wheels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Precision Grinding Wheels Market Size and Volume Forecast by Application
12.4.1. Automotive Industry
12.4.2. Steel Industry
12.4.3. Bearing Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision Grinding Wheels Market Size and Volume Forecast by Type
12.7.1. Cylindrical External Grinding
12.7.2. Internal Grinding
12.7.3. Surface Grinding
12.7.4. Centreless Grinding
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Precision Grinding Wheels Demand Share, 2019-2029
13. Middle East & Africa Precision Grinding Wheels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Precision Grinding Wheels Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Precision Grinding Wheels Market Size and Volume Forecast by Application
13.4.1. Automotive Industry
13.4.2. Steel Industry
13.4.3. Bearing Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision Grinding Wheels Market Size and Volume Forecast by Type
13.7.1. Cylindrical External Grinding
13.7.2. Internal Grinding
13.7.3. Surface Grinding
13.7.4. Centreless Grinding
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Precision Grinding Wheels Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Precision Grinding Wheels Market: Market Share Analysis
14.2. Precision Grinding Wheels Distributors and Customers
14.3. Precision Grinding Wheels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Norton Abrasives
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Noritake
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. 3M
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Master Abrasives
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TKX
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ABRASIVOS MANHATTAN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Westfield Grinding Wheel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Keihin Kogyosho
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Darmann
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
