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Abrasive Wheels Market - Global Industry Analysis

Abrasive Wheels Market by Product (Bonded Wheels and Super Abrasive Wheels) and by Material Type (Aluminum Oxide, Zirconia Alumina, Silicon Carbide, and Ceramic Aluminum Oxide): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Published Date: 12-Jun-2019 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-4206 Status : Published

Global abrasive wheels market expected to generate around USD 17.39 billion by 2026, at a CAGR of around 6.01% between 2019 and 2026. There has been an increase in the number of research and development activities along with with technological advancements over the last few years to make the bonding process more efficient.

Description

The report covers a forecast and an analysis of the abrasive wheels market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Billion). The study includes the drivers and restraints of the global abrasive wheels market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the global abrasive wheels market on a global level.

In order to give the users of this report a comprehensive view of the global abrasive wheels market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the global abrasive wheels market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Abrasive Wheels Market

The study provides a decisive view of the global abrasive wheels market by segmenting it based on the product, material type, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation also includes the demand for major countries like the U.S., UK, Germany, China, India, Japan, and Brazil.

Some key players present in the global abrasive wheels market are 3M, SuperAbrasives, Saint-Gobain, NORITAKE, KLINGSPOR Abrasives, DSA Products, Andre Abrasive Articles, DEERFOS, Camel Grinding Wheels Works, and Tyrolit Group.

This report segments the global abrasive wheels market into:

Global Abrasive wheels Market: By Product

  • Bonded wheels
  • Super Abrasive Wheels

Global Abrasive wheels Market: By Material Type

  • Aluminum Oxide
  • Zirconia Alumina
  • Silicon Carbide
  • Ceramic Aluminum Oxide

Global Abrasive wheels Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research scope
    • 1.3. Market Research Methodology
      • 1.3.1. Level 1: Primary Research
      • 1.3.2. Level 2: Secondary Research
      • 1.3.3. Level 3: Data Validation and Expert Panel Assessment
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Abrasive wheels market, 2016-2026 (USD Billion)
    • 2.2. Global Abrasive wheels market: Snapshot
  •  
  • Chapter 3. Global Abrasive Wheels Market - Industry Dynamics
    • 3.1. Introduction
      • 3.1.1. Classification of Global Abrasive wheels market
      • 3.1.2. Key trend analysis
    • 3.2. Market Drivers
      • 3.2.1. Increasing use of abrasive wheels in the automotive industry
      • 3.2.2. Decreasing cost of synthetic diamonds
      • 3.2.3. Growing Production of Electronics Components
    • 3.3. Market Restraints
      • 3.3.1. Challenging grinding operations
      • 3.3.2. A growing number of regulations in manufacturing
    • 3.4. Opportunities
      • 3.4.1. Technological advancements through R&D
      • 3.4.2. Flourishing automotive industry
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Attractiveness Investment Proposition
      • 3.6.1. Market attractiveness analysis by Product
      • 3.6.2. Market attractiveness analysis by Material Type
      • 3.6.3. Market attractiveness analysis by Region
      • 3.6.4. Global Abrasive wheels Market Country Ranking by Market Size, 2018
      • 3.6.5. Global Abrasive wheels Market Country Ranking by CAGR, 2019-2026
  •  
  • Chapter 4. Global Abrasive Wheels Market - Competitive Landscape
    • 4.1. Company market share analysis, 2018 (subject to data availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Products Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures, and Key Growth Strategies
    • 4.3. Research and Development and Regional Expansion
    • 4.4. List of Emerging Companies
  •  
  • Chapter 5. Global Abrasive wheels Market - Marketing Strategy Analysis
    • 5.1. Marketing Channels
    • 5.2. Target Client
    • 5.3. Consumer Preference Trends
    • 5.4. PESTEL Analysis
    • 5.5. SWOT Analysis
  •  
  • Chapter 6. Global Abrasive wheels Market - Product Analysis
    • 6.1. Global abrasive wheels market: Product analysis
      • 6.1.1. Global abrasive wheels market share by Product segment, 2018 and 2026
    • 6.2. Bonded wheels
      • 6.2.1. Overview
      • 6.2.2. Global bonded wheels market, 2016-2026 (USD Billion)
    • 6.3. Super Abrasive Wheels
      • 6.3.1. Overview
      • 6.3.2. Global super abrasive wheels market, 2016-2026 (USD Billion)
  •  
  • Chapter 7. Global Abrasive wheels Market - Material Type Analysis
    • 7.1. Global abrasive wheels market: Material type Overview
      • 7.1.1. Global Abrasive wheels Market Revenue Share, by material type, 2018 and 2026
    • 7.2. Aluminum oxide
      • 7.2.1. Global abrasive wheels market for aluminum oxide, 2016-2026 (USD Billion)
    • 7.3. Zirconia alumina
      • 7.3.1. Global abrasive wheels market for zirconia alumina, 2016-2026 (USD Billion)
    • 7.4. Silicon carbide
      • 7.4.1. Global abrasive wheels market for silicon carbide, 2016-2026 (USD Billion)
    • 7.5. Ceramic aluminum oxide
      • 7.5.1. Global abrasive wheels market for ceramic aluminum oxide, 2016-2026 (USD Billion)
  •  
  • Chapter 8. Global Abrasive wheels market: Regional Analysis
    • 8.1. Global abrasive wheels market: Regional overview
      • 8.1.1. Global abrasive wheels market share by region, 2018 and 2026
    • 8.2. North America
      • 8.2.1. Overview
        • 8.2.1.1. North America global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.2.1.2. North America global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.2.2. The U.S.
        • 8.2.2.1. The U.S. global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.2.2.2. The U.S. global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.2.3. Canada
        • 8.2.3.1. Canada global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.2.3.2. Canada global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Overview
        • 8.3.1.1. Europe global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.1.2. Europe global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.3.2. Germany
        • 8.3.2.1. Germany global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.2.2. Germany global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.3.3. UK
        • 8.3.3.1. UK global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.3.2. UK global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.3.4. France
        • 8.3.4.1. France global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.4.2. France global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.3.5. Rest of Europe
        • 8.3.5.1. Rest of Europe global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.3.5.2. Rest of Europe global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Overview
        • 8.4.1.1. Asia Pacific global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.1.2. Asia Pacific global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.4.2. China
        • 8.4.2.1. China global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.2.2. China global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.4.3. Japan
        • 8.4.3.1. Japan global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.3.2. Japan global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.4.4. India
        • 8.4.4.1. India global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.4.2. India global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.4.5. Rest of Asia Pacific
        • 8.4.5.1. Rest of Asia Pacific global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.4.5.2. Rest of Asia Pacific global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Overview
        • 8.5.1.1. Latin America global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.5.1.2. Latin America global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.5.2. Brazil
        • 8.5.2.1. Brazil global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.5.2.2. Brazil global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
      • 8.5.3. Rest of Latin America
        • 8.5.3.1. Rest of Latin America global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.5.3.2. Rest of Latin America global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. Overview
        • 8.6.1.1. The Middle East and Africa global abrasive wheels market revenue, by Product, 2016-2026 (USD Billion)
        • 8.6.1.2. The Middle East and Africa global abrasive wheels market revenue, by Material type, 2016-2026 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. 3M
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. SuperAbrasives
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Saint-Gobain
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. NORITAKE
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. KLINGSPOR Abrasives
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. DSA Products
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Andre Abrasive Articles
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. DEERFOS
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Camel Grinding Wheels Works
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Tyrolit Group
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

Free Analysis

Abrasive wheels are made of an abrasive compound that is used for various grinding operations. These wheels are generally made of composite materials, which constitute coarse particles bonded and pressed together via bonding to form a solid circular shape. There has been an increase in the number of research and development activities along with technological advancements over the last few years to make the bonding process more efficient. The major driver of the global abrasive wheels market is the flourishing automobile industry. The automobile industry uses abrasive grinding wheels in many processes, as these wheels give a better finish to the product and are easy to use. There is also a significant increase in the use of centerless grinders, which are newly developed advanced abrasive wheels. However, the various challenges faced during the grinding process, such as not getting the expected finish or dust particles being spread in the environment, are among some market restraints. Alternatively, ongoing research and development, to make the process of abrasive wheels more easy and efficient, is underway. In addition, several advancements in abrasive technology are also witnessed that will further support the abrasive wheels market in the upcoming years.

By product, the abrasive wheels market is divided into bonded wheels and super abrasive wheels. Bonded wheels are expected to contribute the maximum revenue in the years ahead. Bonded wheels are highly efficient and can hold the abrasive grains efficiently, which actually grinds the surface on wheels within the wheels. There is a growing demand for bonded wheels as they are efficient and cost-effective apart from being extensively used by the automobile industry.

Global Abrasive Wheels Market

Based on material type, the global abrasive wheels market is divided into aluminum oxide, zirconia alumina, silicon carbide, and ceramic aluminum oxide. Aluminum oxide is estimated to hold maximum market share, in terms of revenue, in the future. Aluminum oxide is tough, has higher resistant to fracture, and is a highly economical product, which makes it one of the most widely used abrasives in the market. The market for aluminum oxide will grow in the future, as it’s an excellent substitute for diamonds and through latest technological advancements.

Geographically, the Asia Pacific abrasive wheels market is estimated to hold the maximum share globally, in terms of revenue, throughout the forecast time period. This regional dominance can be attributed to the presence of several automobile component manufacturers in China and South Korea and the increasing demand for automobiles.

Some key players present in the global abrasive wheels market are 3M, SuperAbrasives, Saint-Gobain, NORITAKE, KLINGSPOR Abrasives, DSA Products, Andre Abrasive Articles, DEERFOS, Camel Grinding Wheels Works, and Tyrolit Group.

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