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Global Grinding Wheel Market 2017-2021

Post Time:Apr 23,2019Classify:Industry NewsView:962

Research analysis on the global grinding wheel market identifies that the growth in the automotive industry will be one of the major factors that will have a positive impact on the growth of this market. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021. The demand for grinding wheels in the automotive industry is high due to their ability to offer precise, improved quality, and well-finished products. These wheels offer better results with computer numerical control (CNC) driven grinding machines as the utilization of software can help in the manufacturing complex designs. Grinding wheels used in automobile applications include many vehicle systems, such as crankshafts, steering racks, valves, shock absorbers, steering parts, and wheels. Continuous growth of the automotive industry and new investments is estimated to positively impact the global grinding wheel market during the forecast period.

The leading vendors in the market are –

Saint-Gobain

NORITAKE

KLINGSPOR

Ekamant  

The other prominent vendors in the market are 3M, Mirka, NIHON KENSHI, Sankyo-Rikagaku, DEERFOS, Carborundum Universal Limited (CUMI), Uneeda Enterprizes, KOVAX , AWUKO ABRASIVES, TAIYO KENMAZAI, Camel Grinding Wheels Works Sarid, TYROLIT, SHIN-EI Grinding Wheels, DSA Products, Andre Abrasive Articles, DK Holdings, Thai GCI Resitop, ATLANTIC, Wendt (India), Robert Bosch Tool, and Hitachi Koki.

Segmentation by type and analysis of the grinding wheel market

Resindiamond

Diamond wheels

Geographical segmentation and analysis of the grinding wheel market

Americas

APAC

EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the grinding wheel market throughout the forecast period. The rising industrial and economic development along with the growth in the number of companies planning to integrate the grinding wheel technology will drive the growth of the market in this region.



Source: technavio.comAuthor: Shangyi

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