NEW YORK, Dec. 8, 2022 /PRNewswire/ — According to recent market research by Technavio, the abrasive wheel market is expected to increase by $5,877.71 million from 2022 to 2027 at a CAGR growth of 5.24%. Strong demand from the oil and gas industry, the growth of the aerospace and defense industries in developing countries, as well as the growing demand for steel products will contribute to the growth of the market.
Technavio classifies the global market for abrasive wheels as an industrial equipment market segment that includes companies involved in the production of industrial equipment and components, including presses, machine tools, compressors, decontamination equipment, elevators, escalators, insulators, pumps, rollers. Column bearings and other metal products.
This report provides charts and tables of market size and market segment data for a five-year (2017-2021) historical period.Download sample report
The market is segmented by type (straight wheels, cylindrical wheels, diamond wheels, etc.) and material (artificial and natural abrasives).
The straight wheel segment will gradually grow by $5,313.81 million between 2017 and 2021. Straight wheels are widely used in round, centerless and flat grinding. These wheels vary greatly in size, diameter and width. They are the most common type of grinding wheels and are widely used on bench or vertical grinders. This use of straight wheels and their affordability will fuel the growth of this segment over the forecast period.
Technavio has carefully analyzed 15 major suppliers, including 3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, NORITAKE Co Ltd, Robert Bosch GmbH, SHIN-EI MFG grinding wheels. Co. Ltd., Thai GCI Resitop Co. Ltd., Tyrolit KG and Wendt (India) Ltd.
Customer Landscape – Technavio’s analysis of price sensitivity, implementation lifecycle, customer shopping cart, adoption rate and purchase criteria.
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According to Technavio’s recent Market Research, Grinding Machine Market by End User and Geography – Forecast and Analysis for 2022-2026. In addition, this report broadly presents the market segmentation by end users (industrial equipment, automobiles, precision equipment, etc.) and geographic regions (Asia-Pacific, Europe, North America, South America, Middle East and Africa ).
Grinding Robots Market by End Users, Solutions and Geography – Forecast and Analysis for 2022-2026 – The size is estimated to increase by $51.97 million from 2021 to 2026, accelerating the CAGR, according to a recent market research by Technavio, has reached 6.73%. grinding robots instead of CNC machines is one of the key drivers of market growth.
3M Co., Other Abrasive Articles, ATLANTIC GmbH, WORLD Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Carborundum Universal Ltd., St. Gobain Company SA, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co. Ltd., KOVAX, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels Mfg., Co. Ltd., Robert Bosch GmbH. Ltd, Thai GCI Recipe Co. Ltd. Ltd., Tyrolit KG和 Block (Black) So.
Analysis of the parent market, incentives and barriers to market growth, analysis of fast-growing and slow-growing segments during the forecast period
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Post time: Jan-11-2023