The Global Abrasive Wheels Market size is projected to grow from USD 46.4 billion in 2020 to USD 58.0 billion by 2027, at a CAGR of 4% from 2021 to 2027.
The abrasive wheel market is in a growth phase in many developing countries as it covers a wide range of industries. The market is expected to further flourish in North America and Europe, driven by increasing demand and production of automobiles in the region. One of the key factors driving the abrasive wheel market growth is the rapid growth of the automotive industry and the increasing demand for high-end finished parts. In addition, an increase in R&D activities is driving the growth of the market.
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Market Segments
Abrasives market, by raw material:
- Natural
- Synthetic
Abrasives market, by type:
- Coated abrasives
- Bonded abrasives
- Super abrasives
Abrasives, by end-use industry:
- Aerospace
- Automotive
- Machinery
- Metal fabrication
- Electrical & electronics equipment
Key Players
Some key players present in the global abrasive wheels market are 3M, SuperAbrasives, Saint-Gobain, NORITAKE, KLINGSPOR Abrasives, DSA Products, Andre Abrasive Articles, DEERFOS, Camel Grinding Wheels Works, and Tyrolit Group.
Scope of the Report
The research study analyzes the global Abrasive Wheels industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Abrasive Wheels Market is available at: https://www.orionmarketreports.com/abrasive-wheels-market/62633/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Abrasive Wheels Market Report
1. What was the Abrasive Wheels Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Abrasive Wheels Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Abrasive Wheels Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Abrasive Wheels market.
- The market share of the global Abrasive Wheels market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Abrasive Wheels market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Abrasive Wheels market.
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