NEW
YORK, Aug. 8, 2024 /PRNewswire/ -- The
global grinding wheel market size is estimated to grow by
USD 5.01 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 4.36% during the forecast period. Constant demand
from oil and gas industries is driving market
growth, with a trend towards application of artificial
intelligence and system integration. However, operational
challenges poses a challenge. Key market players include
3M Co., Andre Abrasive Articles,
ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel
Grinding Wheels Works Sarid Ltd., Compagnie de Saint Gobain,
DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant,
KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, Murugappa
Group, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding
Wheels MFG. Co. Ltd. , Thai GCI Resitop Co. Ltd., Tyrolit KG,
and Wendt India Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Straight wheels,
Cylindrical wheels, Diamond wheels, and Others), Material
(Artificial abrasives and Natural abrasives), and Geography (APAC,
Europe, North America, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Key companies
profiled
|
3M Co., Andre Abrasive
Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co.
KG, Camel Grinding Wheels Works Sarid Ltd., Compagnie de Saint
Gobain, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd.,
Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX,
Murugappa Group, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI
Grinding Wheels MFG. Co. Ltd. , Thai GCI Resitop Co. Ltd.,
Tyrolit KG, and Wendt India Ltd.
|
Key Market Trends Fueling Growth
Modern CNC grinding systems incorporate advanced software for
controlling functions such as position, velocity, and acceleration.
Artificial Intelligence (AI) enables machines to make decisions
based on sensor input, allowing for continuous, uninterrupted
grinding processes. AI analyzes data from sensors within grinding
machinery and measurement equipment to optimize feed rates,
initiate feed cycle changes, and alert operators for intervention.
The collection and analysis of data have become commonplace in
manufacturing, enabling predictive maintenance and effective tool
selection through AI-assisted decision-making. For instance, AI can
recommend appropriate grinding wheel grades and structures using
case-based reasoning. By integrating AI into grinding processes,
manufacturers can improve efficiency, reduce downtime, and enhance
overall production quality.
The Grinding Wheel Market is experiencing significant growth due
to increasing trends in abrasive tools for various industries.
Bonded abrasive grains, such as aluminum oxide, silicon carbide,
and diamond, are popular choices for metalworking and woodworking
applications. Innovative materials like composite materials and
artificial composites are gaining traction, offering improved wear
resistance, accuracy, and surface finish. Precision machining and
optimal surface quality are crucial in industries like transport,
construction, bearing and machinery, and steel. Safety regulations
are strict to prevent mishaps and damage during grinding,
polishing, and abrasive cutting operations. Industrialization and
manufacturing activities drive the demand for grinding wheels in
cylindrical, cup, and disc shapes, with circular profiles and
various cross sections. Solid steel and aluminum discs are commonly
used, while coarse-particle aggregate and cementing matrix form the
bond. Grinding machines employ abrasive compounds to ensure
dimensional accuracy and efficient grinding processes. Innovative
materials and sustainable manufacturing techniques are essential
for enhancing productivity and reducing waste.
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Market Challenges
- Grinding is a crucial process for achieving a smooth finish on
various surfaces, but it comes with thermal effects that can impact
both the grinding wheel and the workpiece. The heat generated
during grinding can lead to the development of grinding cracks in
the wheel, increasing replacement costs and operational expenses.
Concurrently, the workpiece absorbs most of the heat and may
undergo changes such as discoloration due to oxide production and
chemical damage. Additionally, the application of sudden heat can
make the workpiece brittle and susceptible to scratches. The
production of grinding notches on gear teeth during the process can
also affect the gear bending strength rating, necessitating careful
consideration and potential redesigns to mitigate these challenges.
Overall, understanding and addressing these thermal effects is
essential for optimizing grinding processes and ensuring the
longevity and efficiency of grinding machinery.
- The Grinding Wheel Market faces several challenges in precision
machining for optimal surface quality. Industrialization and
manufacturing activities require efficient and sustainable grinding
solutions. Innovative materials like composite materials,
coarse-particle aggregates, and cementing matrices are used to
create high-performance grinding wheels. Cylindrical, cup, and disc
wheels serve various industries, including transport, construction,
bearing and machinery, and steel. Abrasive compounds, cutting, and
machining operations demand advanced grinding machines. Sustainable
manufacturing techniques, such as using natural composite stones
like millstones, are gaining popularity. The market also caters to
diverse applications, such as grinding and polishing solid steel,
aluminum discs, and artificial composites and aggregates. Bond,
circular shape, profiles, and cross sections are crucial factors in
wheel design. Grinding wheels are essential for industries like
transport, construction, bearing and machinery, and steel, ensuring
efficient production and quality output.
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challenges - Download a Sample Report
Segment Overview
This grinding wheel market report extensively covers market
segmentation by
- Type
- 1.1 Straight wheels
- 1.2 Cylindrical wheels
- 1.3 Diamond wheels
- 1.4 Others
- Material
- 2.1 Artificial abrasives
- 2.2 Natural abrasives
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Straight wheels- Straight grinding wheels are a
fundamental type, widely employed in cylindrical, centerless, and
surface grinding processes. Their usage varies based on size,
diameter, and width. These wheels are commonly found on bench or
pedestal grinders. They create a slightly concave surface on the
product. Industries like automotive, aerospace, and shipbuilding
extensively use straight wheels for manufacturing components
undergoing grinding. The growth of these industries during the
forecast period is expected to boost the global demand for straight
grinding wheels.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Grinding Wheel Market encompasses a wide range of abrasive
tools used for various industrial applications, including grinding,
polishing, and cleaning in industries such as metalworking and
woodworking. The market's growth is driven by the demand for
efficient and high-performance abrasive tools. Bonded abrasive
grains, made of composite materials with a cementing matrix and
coarse-particle aggregate, form the core of grinding wheels.
Cylindrical, cup, and disc wheels are common types, each designed
for specific applications. Material innovations continue to shape
the market, with advancements in abrasive compounds and bonding
technologies. Key applications include transport industry,
construction, bearing and machinery, and the steel industry.
Abrasive machining operations, such as abrasive cutting, are
integral to these industries and rely on grinding machines to
ensure precision and productivity.
Market Research Overview
The Grinding Wheel Market encompasses a wide range of abrasive
tools used in various industries for grinding, polishing, and
cutting applications. These tools are primarily made up of bonded
abrasive grains, including diamond, silicon carbide, and aluminum
oxide. The market caters to the metalworking and woodworking
industries, focusing on accuracy, wear resistance, and optimal
surface quality. Material innovations continue to shape the market
with the use of composite materials, artificial composites, and
artificial aggregates in the production of grinding wheels. Safety
regulations are a top priority to prevent mishaps and damage during
precision machining. The transport industry, construction, bearing
and machinery, and steel industry are significant consumers of
grinding wheels. Grinding machines, cylindrical grinding wheels,
cup wheels, and disc wheels are essential tools for cleaning,
grinding, and polishing operations. Abrasive compounds, abrasive
cutting, and abrasive machining operations are also integral to the
market. The industrialization of manufacturing activities drives
the demand for sustainable manufacturing techniques, leading to the
development of new bonding technologies and circular grinding
wheels with various profiles and cross sections. Solid steel and
aluminum discs are popular choices for their durability and
versatility. Natural composite stones, such as millstones, are also
used for specific applications. Overall, the Grinding Wheel Market
continues to evolve with advancements in materials and
manufacturing processes to meet the diverse needs of
industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Straight Wheels
- Cylindrical Wheels
- Diamond Wheels
- Others
- Material
-
- Artificial Abrasives
- Natural Abrasives
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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