Abrasive Wheels Market Insights Growth Opportunities and Forecast to 2027
Latest market study on “Abrasive Wheels Market to 2025 by Product (Bonded Wheels and Super Abrasive Wheels); and Material Type (Aluminum Oxide, Zirconia Alumina, Silicon carbide, and Ceramic Aluminum Oxide) – Global Analysis and Forecast”, the Abrasive Wheels Market is estimated to reach US$ 16,400.0 million by 2025 from US$ 10,280.8 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The abrasive wheels market report focuses on in-depth segmentation of this market based by product, material type, and regions. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By product, bonded abrasive wheels accounted for the largest share of the abrasive wheels market in 2017, whereas Europe region is expected to grow at the highest CAGR during the forecast period.
Some of the major players operating in the market include 3M Company, Saint-Gobain, Super Abrasives, Noritake, Klingspor Abrasives, DSA Products Ltd., Andre Abrasive Articles, Deerfos, Camel Grinding Wheels, and Tyrolit Group.
Asia-Pacific is the dominant region in the abrasive wheels market and this region is expected to continue its lead during the forecast period. Where, China is dominating the worldwide vehicle sales which is followed by India. Moreover, China is entitles as the world’s largest automobile market which is forecasted to expand by 3.2% in 2018. The continual industrial and technological development in Asia-Pacific is further boosting the market for abrasive wheels in many different applications. Europe is the fastest growing region in abrasive wheels market owing to the government support to manufacturing industries. European Industrial policy is further aimed to stimulate the competitiveness and growth of manufacturing sector in the Europe.
Bonded abrasive wheels is leading segment, whereas super abrasive wheels are growing rapidly across the globe owing to its remarkable benefits. Super abrasive wheels mainly comprise of CBN or diamond abrasives which are specifically designed for most challenging applications. Super abrasive wheels are mostly recommended for industries including gear manufacturing, aerospace, medical, bearings, and automotive including many other.
Reasons to Buy the Report :
Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.
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