DUBLIN--(BUSINESS WIRE)--The "Abrasive Wheels Market to 2025 - Global Analysis and Forecasts by Product (Bonded Wheels and Super Abrasive Wheels), and Material Type (Aluminum Oxide, Zirconia Alumina, Silicon Carbide, and Ceramic Aluminum Oxide)" report has been added to ResearchAndMarkets.com's offering.
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.
Key Market Dynamics
Key Market Drivers
- Significant Growth in Automotive Industry
- Rise in Popularity of Centerless Grinders Leads to New Abrasive Developments
Key Market Restraints
- Challenges in Grinding Operations
Key Market Opportunities
- Increase in Research & Development Activities
- Advancement in Abrasive Technology
Key Topics Covered:
1 Tables & Figures
3 Key Takeaways
4 Abrasive Wheels Market Landscape
5 Global Abrasive Wheels Market - Key Market Dynamics
6 Abrasive Wheels Market - Global
7 Global Abrasive Wheels Market Analysis - By Product
8 Global Abrasive Wheels Market Analysis - By Material Type
9 Global Abrasive Wheels Market - Geographical Analysis
10 Industry Landscape
11 Competitive Landscape
12 Global Abrasive Wheels Market - Key Company Profiles
- 3M Company
- SuperAbrasives Inc.
- NORITAKE Co., Limited
- KLINGSPOR Abrasives, Inc.
- DSA Products Ltd.
- Andre Abrasive Articles
- Camel Grinding Wheels Works Sarid LTD
- TYROLIT Group
For more information about this report visit https://www.researchandmarkets.com/research/km6htf/global_abrasive?w=4