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: 6 Inch Diamond Grinding Wheel

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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The metal stamping market is estimated to grow at a CAGR of 4.01% between 2022 and 2027. The size of the market is forecast to increase by USD 31.36 billion . The benefits associated with precision metal stamping are notably driving the market growth, although factors such as the availability of plastic and composite materials as substitutes may impede the market growth.

The metal-cutting tools market is estimated to grow at a CAGR of 4.91% between 2022 and 2027. The size of the market is forecast to increase by USD 5,753.56 million . The increasing demand for metal parts in major end-user industries is notably driving the market growth, although factors such as fluctuating raw material prices may impede the market growth.

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Accelerate at a CAGR of 5.24%

APAC, Europe, North America, Middle East and Africa, and South America

US, China, India, Germany, and UK

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Carborundum Universal Ltd., Compagnie de Saint Gobain SA, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels MFG. Co. Ltd., Thai GCI Resitop Co. Ltd., Tyrolit KG, and Wendt (India) Ltd.

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

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3.4 Market outlook: Forecast for 2022-2027

4.1 Global grinding wheel market 2017 - 2021

6.3 Straight wheels - Market size and forecast 2022-2027

6.4 Cylindrical wheels - Market size and forecast 2022-2027

6.5 Diamond wheels - Market size and forecast 2022-2027

6.6 Others - Market size and forecast 2022-2027

7.3 Artificial abrasives - Market size and forecast 2022-2027

7.4 Natural abrasives - Market size and forecast 2022-2027

9.3 APAC - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 UK - Market size and forecast 2022-2027

9.12 India - Market size and forecast 2022-2027

10.3 Impact of drivers and challenges

12.6 AWUKO Abrasives Wandmacher GmbH Co. KG

12.7 Camel Grinding Wheels Works Sarid Ltd.

12.8 Company of Saint Gobain SA

12.16 SHIN-EI Grinding Wheels MFG. Co. Ltd.Â

13.3 Currency conversion rates for US$

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