Grinding wheel market growth to increase at a CAGR of 5.24% between 2022 and 2027; Driven by rising demand from the oil and gas industry - Technavio

NEW YORK, Feb. 27, 2023 /PRNewswire/ -- The grinding wheel market size is projected to increase by USD 5877.71 million between 2022 and 2027, accelerating at a CAGR of 5.24% during the forecast period. The growth of the market is driven by the increasing demand for grinding wheels from the oil and gas industry. Grinding wheels find numerous applications in the oil and industry. They are extensively used in the manufacture, maintenance, and repair of upstream, midstream, and downstream applications. With the recovery of crude oil prices, upstream activities have increased worldwide. This is resulting in an increase in the number of active rig counts. As a result of these factors, the market growth will gain momentum during the forecast period. Gain more insights into the market size, historic & forecast 2017 to 2021, 2022 to 2027  Download a Sample Report 

Grinding Wheel Market - Vendor Offerings:

• 3M Co. - The company offers grinding wheels under brand names 3M Cubitron, Scotch Brite, and 3M Silver in different types and diameters.
• Andre Abrasive Articles - The company offers grinding wheels named Reinforced cutting off wheels and Reinforced grinding wheels.
• ATLANTIC GmbH - The company offers grinding wheels with a vitrified bond for normal speeds of up to 40 ms and maximum working speeds of 50 ms, 63 ms, 80 ms, 100 ms, and 125 ms.
• AWUKO Abrasives Wandmacher GmbH & Co. KG - The company offers grinding wheels named as Paper discs, Cloth discs, Fiber discs, Flap discs, Surface conditioning discs, Foam discs, and Net discs.

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Grinding Wheel Market Type Outlook (Revenue, USD Million, 2022-2027)

• Straight wheels - size and forecast 2022-2027
• Cylindrical wheels - size and forecast 2022-2027
• Diamond wheels - size and forecast 2022-2027
• Others - size and forecast 2022-2027

The market growth will be significant in the straight wheels segment during the forecast period. The segment is driven by the increasing use of straight grinding wheels in cylindrical, centerless, and surface grinding operations. The segment is also driven by the growth of end-user industries such as automotive, aerospace, and shipbuilding.

Grinding Wheel Market Geography Outlook (Revenue, USD Million, 2022-2027)

• APAC - size and forecast 2022-2027
• Europe - size and forecast 2022-2027
• North America - size and forecast 2022-2027
• Middle East and Africa - size and forecast 2022-2027
• South America - size and forecast 2022-2027

APAC will account for 53% of the market growth during the forecast period. Factors such as rowing industrial and economic development and the increasing demand from industries such as automotive, aerospace, and defense are driving the growth of the grinding wheel market in APAC.

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global grinding wheel market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global grinding wheel market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Material Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Material Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Straight wheels - Market size and forecast 2022-2027
• Exhibit 34: Chart on Straight wheels - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Straight wheels - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Straight wheels - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Straight wheels - Year-over-year growth 2022-2027 (%)

• 6.4 Cylindrical wheels - Market size and forecast 2022-2027
• Exhibit 38: Chart on Cylindrical wheels - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Cylindrical wheels - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Cylindrical wheels - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cylindrical wheels - Year-over-year growth 2022-2027 (%)

• 6.5 Diamond wheels - Market size and forecast 2022-2027
• Exhibit 42: Chart on Diamond wheels - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Diamond wheels - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Diamond wheels - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Diamond wheels - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type 
• Exhibit 50: Market opportunity by Type ($ million)

7 Market Segmentation by Material

• 7.1 Market segments 
• Exhibit 51: Chart on Material - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Material - Market share 2022-2027 (%)

• 7.2 Comparison by Material 
• Exhibit 53: Chart on Comparison by Material
• Exhibit 54: Data Table on Comparison by Material

• 7.3 Artificial abrasives - Market size and forecast 2022-2027
• Exhibit 55: Chart on Artificial abrasives - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Artificial abrasives - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Artificial abrasives - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Artificial abrasives - Year-over-year growth 2022-2027 (%)

• 7.4 Natural abrasives - Market size and forecast 2022-2027
• Exhibit 59: Chart on Natural abrasives - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Natural abrasives - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Natural abrasives - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Natural abrasives - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Material 
• Exhibit 63: Market opportunity by Material ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 3M Co. 
• Exhibit 116: 3M Co. - Overview
• Exhibit 117: 3M Co. - Business segments
• Exhibit 118: 3M Co. - Key news
• Exhibit 119: 3M Co. - Key offerings
• Exhibit 120: 3M Co. - Segment focus

• 12.4 Andre Abrasive Articles 
• Exhibit 121: Andre Abrasive Articles - Overview
• Exhibit 122: Andre Abrasive Articles - Product / Service
• Exhibit 123: Andre Abrasive Articles - Key offerings

• 12.5 ATLANTIC GmbH 
• Exhibit 124: ATLANTIC GmbH - Overview
• Exhibit 125: ATLANTIC GmbH - Product / Service
• Exhibit 126: ATLANTIC GmbH - Key offerings

• 12.6 AWUKO Abrasives Wandmacher GmbH Co. KG
• Exhibit 127: AWUKO Abrasives Wandmacher GmbH Co. KG - Overview
• Exhibit 128: AWUKO Abrasives Wandmacher GmbH Co. KG - Product / Service
• Exhibit 129: AWUKO Abrasives Wandmacher GmbH Co. KG - Key offerings

• 12.7 Camel Grinding Wheels Works Sarid Ltd.
• Exhibit 130: Camel Grinding Wheels Works Sarid Ltd. - Overview
• Exhibit 131: Camel Grinding Wheels Works Sarid Ltd. - Product / Service
• Exhibit 132: Camel Grinding Wheels Works Sarid Ltd. - Key offerings

• 12.8 Compagnie de Saint Gobain SA 
• Exhibit 133: Compagnie de Saint Gobain SA - Overview
• Exhibit 134: Compagnie de Saint Gobain SA - Business segments
• Exhibit 135: Compagnie de Saint Gobain SA - Key offerings
• Exhibit 136: Compagnie de Saint Gobain SA - Segment focus

• 12.9 DEERFOS Co. Ltd. 
• Exhibit 137: DEERFOS Co. Ltd. - Overview
• Exhibit 138: DEERFOS Co. Ltd. - Product / Service
• Exhibit 139: DEERFOS Co. Ltd. - Key offerings

• 12.10 DK Holdings Ltd. 
• Exhibit 140: DK Holdings Ltd. - Overview
• Exhibit 141: DK Holdings Ltd. - Product / Service
• Exhibit 142: DK Holdings Ltd. - Key offerings

• 12.11 DSA Products Ltd. 
• Exhibit 143: DSA Products Ltd. - Overview
• Exhibit 144: DSA Products Ltd. - Product / Service
• Exhibit 145: DSA Products Ltd. - Key offerings

• 12.12 Koki Holdings Co Ltd 
• Exhibit 146: Koki Holdings Co Ltd - Overview
• Exhibit 147: Koki Holdings Co Ltd - Product / Service
• Exhibit 148: Koki Holdings Co Ltd - Key offerings

• 12.13 KOVAX 
• Exhibit 149: KOVAX - Overview
• Exhibit 150: KOVAX - Product / Service
• Exhibit 151: KOVAX - Key offerings

• 12.14 NORITAKE Co. Ltd. 
• Exhibit 152: NORITAKE Co. Ltd. - Overview
• Exhibit 153: NORITAKE Co. Ltd. - Business segments
• Exhibit 154: NORITAKE Co. Ltd. - Key offerings
• Exhibit 155: NORITAKE Co. Ltd. - Segment focus

• 12.15 Robert Bosch GmbH 
• Exhibit 156: Robert Bosch GmbH - Overview
• Exhibit 157: Robert Bosch GmbH - Business segments
• Exhibit 158: Robert Bosch GmbH - Key news
• Exhibit 159: Robert Bosch GmbH - Key offerings
• Exhibit 160: Robert Bosch GmbH - Segment focus

• 12.16 SHIN-EI Grinding Wheels MFG. Co. Ltd.Â
• Exhibit 161: SHIN-EI Grinding Wheels MFG. Co. Ltd.  - Overview
• Exhibit 162: SHIN-EI Grinding Wheels MFG. Co. Ltd.  - Product / Service
• Exhibit 163: SHIN-EI Grinding Wheels MFG. Co. Ltd.  - Key offerings

• 12.17 Tyrolit KG 
• Exhibit 164: Tyrolit KG - Overview
• Exhibit 165: Tyrolit KG - Product / Service
• Exhibit 166: Tyrolit KG - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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