Abrasive wheels market is expected to grow US$ 16,400.0 million by 2025 from US$ 10,280.8 million in 2017. The sales of abrasive wheels is largely influenced by numerous factors. The major factors that is fueling the growth the market are substantial growth of automotive industry, research & development, and technological advancement in the field of abrasives wheels in order to produce more efficient products. On the basis of product, bonded wheels are dominating the global abrasive wheels market owing to its high efficiency and its ability to hold abrasive grains within the wheel structure.
The competitive dynamics in the abrasive wheels market is anticipated to change during the coming years with entry of new players. Majority of the companies are located in the Asia-Pacific region as well as in the Europe However, new players are emerging in the developing countries particularly in Asia Pacific. High penetration of the market is noticed in developing countries however, developed economies are also witnessing an increase in the usage of these wheels in several manufacturing industries such as automotive, foundries, and ship building among others. China, U.S., and Germany hold substantial global market share, China being on the first position.
Aluminum oxide is the most preferred material which oxide is tough, economical, & fractures resistance which is one of the most commonly used abrasive. It is widely used owing to its hardness & strength and considered as a less expensive substitute for industrial diamond. Owing to technological innovation and changing needs of the industry, several companies in this market are involved in research & development to deliver reliable supply of high-quality aluminum oxide materials. In 2017, aluminum oxide segment dominated the global abrasive wheels market and it is anticipated to continue its lead during the forecast period.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global abrasive wheels market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the logistics industry.
The competitive dynamics in the abrasive wheels market is anticipated to change during the coming years with entry of new players. Majority of the companies are located in the Asia-Pacific region as well as in the Europe However, new players are emerging in the developing countries particularly in Asia Pacific. High penetration of the market is noticed in developing countries however, developed economies are also witnessing an increase in the usage of these wheels in several manufacturing industries such as automotive, foundries, and ship building among others. China, U.S., and Germany hold substantial global market share, China being on the first position.
Aluminum oxide is the most preferred material which oxide is tough, economical, & fractures resistance which is one of the most commonly used abrasive. It is widely used owing to its hardness & strength and considered as a less expensive substitute for industrial diamond. Owing to technological innovation and changing needs of the industry, several companies in this market are involved in research & development to deliver reliable supply of high-quality aluminum oxide materials. In 2017, aluminum oxide segment dominated the global abrasive wheels market and it is anticipated to continue its lead during the forecast period.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global abrasive wheels market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the logistics industry.
Table of Contents
1.1 List of Tables1.2 List of Figures
2 Introduction
2.1 Scope of the Study
2.2 Research Report Guidance
3 Key Takeaways
4 Abrasive Wheels Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Abrasive Wheels Market - By Product
4.2.2 Global Abrasive Wheels Market - By Material Type
4.2.3 Global Abrasive Wheels Market - By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global Abrasive Wheels Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Significant Growth in Automotive Industry
5.1.2 Rise in Popularity of Centerless Grinders Leads to New Abrasive Developments
5.2 Key Market Restraints
5.2.1 Challenges in Grinding Operations
5.3 Key Market Opportunities
5.3.1 Increase in Research & Development Activities
5.4 Future Trends
5.4.1 Advancement in Abrasive Technology
5.5 Impact Analysis of Drivers and Restraints
6 Abrasive Wheels Market - Global
6.1 Global Abrasive Wheels Market Overview
6.2 Global Abrasive Wheels Market Forecast and Analysis
7 Global Abrasive Wheels Market Analysis - By Product
7.1 Overview
7.2 Bonded Wheels
7.2.1 Overview
7.2.2 Global Bonded Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
7.2.2.1 Vitrified Wheels
7.2.2.1.1 Overview
7.2.2.1.2 Global Vitrified Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
7.3 Super Abrasive Wheels
7.3.1 Overview
7.3.2 Global Super Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
8 Global Abrasive Wheels Market Analysis - By Material Type
8.1 Overview
8.2 Aluminum Oxide
8.2.1 Overview
8.2.2 Global Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn)
8.3 Zirconia Alumina
8.3.1 Overview
8.3.2 Global Zirconia Alumina Market Revenue and Forecasts to 2025 (US$ Mn)
8.4 Silicon Carbide
8.4.1 Overview
8.4.2 Global Silicon Carbide Market Revenue and Forecasts to 2025 (US$ Mn)
8.5 Ceramic Aluminum Oxide
8.5.1 Overview
8.5.2 Global Ceramic Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
9 Global Abrasive Wheels Market - Geographical Analysis
9.1 Overview
9.2 North America Abrasive Wheels Market Revenue and Forecasts to 2025
9.2.1 Overview
9.2.2 North America Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3 North America Abrasive Wheels Market Breakdown by Key Countries
9.2.3.1 U.S. Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3.2 Canada Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3.3 Mexico Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.4 North America Abrasive Wheels Market Breakdown by Product
9.2.4.1 North America Abrasive Wheels Market Breakdown by Bonded Wheels
9.2.5 North America Abrasive Wheels Market Breakdown by Material Type
9.3 Europe Abrasive Wheels Market Revenue and Forecasts to 2025
9.3.1 Overview
9.3.2 Europe Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3 Europe Abrasive Wheels Market Breakdown by Countries
9.3.3.1 France Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.2 Germany Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.3 Italy Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.4 Spain Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.5 U.K. Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.4 Europe Abrasive Wheels Market Breakdown by Product
9.3.4.1 Europe Abrasive Wheels Market Breakdown by Bonded Wheels
9.3.5 Europe Abrasive Wheels Market Breakdown by Material Type
9.4 Asia Pacific (APAC) Abrasive Wheels Market Revenue and Forecasts to 2025
9.4.1 Overview
9.4.2 Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3 Asia Pacific Abrasive Wheels Market Breakdown by Countries
9.4.3.1 Australia Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.2 China Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.3 India Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.4 Japan Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.4 Asia Pacific Abrasive Wheels Market Breakdown by Product
9.4.4.1 Asia Pacific Abrasive Wheels Market Breakdown by Bonded Wheels
9.4.5 Asia Pacific Abrasive Wheels Market Breakdown by Material Type
9.5 Middle East & Africa (MEA) Abrasive Wheels Market Revenue and Forecasts to 2025
9.5.1 Overview
9.5.2 Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3 Middle East & Africa Abrasive Wheels Market Breakdown by Countries
9.5.3.1 Saudi Arabia Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3.2 UAE Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3.3 South Africa Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.4 Middle East & Africa Abrasive Wheels Market Breakdown by Product
9.5.4.1 Middle East & Africa Abrasive Wheels Market Breakdown by Bonded Wheels
9.5.5 Middle East & Africa Abrasive Wheels Market Breakdown by Material Type
9.6 South America (SAM) Abrasive Wheels Market Revenue and Forecasts to 2025
9.6.1 Overview
9.6.2 South America Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.3 South America Abrasive Wheels Market Breakdown by Countries
9.6.3.1 Brazil Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.4 South America Abrasive Wheels Market Breakdown by Product
9.6.4.1 South America Abrasive Wheels Market Breakdown by Bonded Wheels
9.6.5 South America Abrasive Wheels Market Breakdown by Material Type
10 Industry Landscape
10.1 Market Initiative
11 Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market positioning
12 Global Abrasive Wheels Market - Key Company Profiles
12.1 3M Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 SuperAbrasives Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Saint-Gobain
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 NORITAKE CO., LIMITED
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 KLINGSPOR Abrasives, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 DSA Products Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Andre Abrasive Articles
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 DEERFOS
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Camel Grinding Wheels Works Sarid LTD
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 TYROLIT Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 Appendix
13.1 About the Publisher
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
13.4 Contact Us
13.5 Disclaimer
1.1 List of Tables
Table 1: Global Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Table 2: Global Abrasive Wheels Market Breakdown Revenue and Forecasts to 2025 - By Bonded Wheels (US$ Mn)
Table 3: North America Abrasive Wheels Market Revenue and Forecasts to 2025 - By Product (US$ Mn)
Table 4: North America Abrasive Wheels Market Revenue and Forecasts to 2025 - By Bonded Wheels (US$ Mn)
Table 5: North America Abrasive Wheels Market Revenue and Forecasts to 2025 - By Material Type (US$ Mn)
Table 6: Europe Abrasive Wheels Market Revenue and Forecasts to 2025 - By Product (US$ Mn)
Table 7: Europe Abrasive Wheels Market Revenue and Forecasts to 2025 - By Bonded Wheels (US$ Mn)
Table 8: Europe Abrasive Wheels Market Revenue and Forecasts to 2025 - By Material Type (US$ Mn)
Table 9: Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 - By Product (US$ Mn)
Table 10: Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 - By Bonded Wheels (US$ Mn)
Table 11: Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 - By Material Type (US$ Mn)
Table 12: Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 - By Product (US$ Mn)
Table 13: Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 - By Bonded Wheels (US$ Mn)
Table 14: Middle East & Africa Abrasive Wheels Market Revenue and Forecasts to 2025 - By Material Type (US$ Mn)
Table 15: South America Abrasive Wheels Market Revenue and Forecasts to 2025 - By Product (US$ Mn)
Table 16: South America Abrasive Wheels Market Revenue and Forecasts to 2025 - By Bonded Wheels (US$ Mn)
Table 17: South America Abrasive Wheels Market Revenue and Forecasts to 2025 - By Material Type (US$ Mn)
Table 12: Glossary of Terms, Abrasive Wheels Market
1.2 List of Figures
Figure 1: Asia-Pacific Abrasive Wheels Market, Revenue (US$ Mn), by Geography 2017 & 2025
Figure 2: Abrasive Wheels Market By Product, Market Share (%), 2017
Figure 3: Global Abrasive Wheels Market by, Material Types, Market Share (%), 2017
Figure 4: Abrasive Wheels Market Segmentation
Figure 5: Abrasive Wheels Market Segmentation
Figure 6: North America PEST Analysis
Figure 7: Europe PEST Analysis
Figure 8: APAC PEST Analysis
Figure 9: Middle East & Africa (MEA) PEST Analysis
Figure 10: South America (SAM) PEST Analysis
Figure 11: Abrasive Wheels Market Impact Analysis of Driver and Restraints
Figure 12: Global Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 13: Global Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 14: Global Bonded Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 15: Global Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 16: Global Vitrified Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 17: Global Super Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 18: Global Abrasive Wheels Market Breakdown By Material Type, 2017 & 2025 (%)
Figure 19: Global Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 20: Global Zirconia Alumina Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 21: Global Silicon Carbide Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 22: Global Ceramic Aluminum Oxide Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 23: Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 24: Abrasive Wheels Market, Global Breakdown by Region, 2017 & 2025 (%)
Figure 25: North America Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 26: North America Abrasive Wheels Market Breakdown by Key Countries, 2017 & 2025 (%)
Figure 27: U.S. Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 28: Canada Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 29: Mexico Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 30: North America Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 31: North America Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 32: North America Abrasive Wheels Market Breakdown by Material Type, 2017 & 2025 (%)
Figure 33: Europe Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 34: Europe Abrasive Wheels Market Breakdown By Key Countries, 2017 & 2025 (%)
Figure 35: France Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 36: Germany Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 37: Italy Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 38: Spain Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 39: U.K. Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 40: Europe Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 41: Europe Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 42: Europe Abrasive Wheels Market Breakdown By Material Type, 2017 & 2025 (%)
Figure 43: Asia Pacific Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 44: Asia Pacific Abrasive Wheels Market Breakdown by Key Countries, 2017 & 2025 (%)
Figure 45: Australia Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 46: China Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 47: India Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 48: Japan Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 49: Asia Pacific Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 50: Asia Pacific Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 51: Asia Pacific Abrasive Wheels Market Breakdown by Material Type, 2017 & 2025 (%)
Figure 52: MEA Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 53: Middle East & Africa Abrasive Wheels Market Breakdown by Key Countries, 2017 & 2025 (%)
Figure 54: Saudi Arabia Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 55: UAE Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 56: South Africa Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 57: Middle East & Africa Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 58: Middle East & Africa Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 59: Middle East & Africa Abrasive Wheels Market Breakdown By Material Type, 2017 & 2025 (%)
Figure 60: South America Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 61: South America Abrasive Wheels Market Breakdown by Key Countries, 2017 & 2025 (%)
Figure 62: Brazil Abrasive Wheels Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 63: South America Abrasive Wheels Market Breakdown By Product, 2017 & 2025 (%)
Figure 64: South America Abrasive Wheels Market Breakdown By Bonded Wheels, 2017 & 2025 (%)
Figure 65: South America Abrasive Wheels Market Breakdown By Material Type, 2017 & 2025 (%)
Figure 66: Global Abrasive Wheels Market Positioning 2017
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M Company
- SuperAbrasives Inc.
- Saint-Gobain
- NORITAKE Co., Limited
- KLINGSPOR Abrasives, Inc.
- DSA Products Ltd.
- Andre Abrasive Articles
- DEERFOS
- Camel Grinding Wheels Works Sarid LTD
- TYROLIT Group
