Bonded Abrasive Wheels Market was valued at USD 6.89 Billion in 2022 and is projected to reach USD 9.21 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The global bonded abrasive wheels market was valued at approximately USD 10.2 billion in 2022, and it is anticipated to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. This growth trajectory reflects increasing demand for these products across various industries including automotive, aerospace, and metalworking, driven by advancements in manufacturing processes and rising industrial activities. The market's expansion is further supported by technological innovations such as the development of high-performance abrasive materials and improved bonding techniques that enhance the efficiency and lifespan of abrasive wheels.
Emerging markets present significant opportunities for growth, particularly in regions such as Asia-Pacific and Latin America. The industrialization and infrastructural developments in these regions are expected to drive the demand for bonded abrasive wheels. Additionally, the rising trend of automation in manufacturing processes is likely to bolster market growth by increasing the use of advanced abrasive solutions. The increasing adoption of smart technologies and IoT in industrial applications also opens up new avenues for market expansion, as these technologies enable better performance monitoring and optimization of abrasive wheel usage.
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Andre Abrasive Articles
3M Company
Benchmark Abrasives
Black Hawk
Bosch
Camel Grinding Wheels
DSA Products Ltd
Deerfos
DEWALT
Klingspor Abrasives
Hot Max
Noritake
Makita
Metabo
Mirka
PORTER-CABLE
POWERTEC
Pferd
Rhodius
Shark
Saint-Gobain
Super Abrasives
Sungold Abrasives
Tyrolit Group
Tool Guy Republic
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bonded Abrasive Wheels Market
Automotive
Machinery & Equipment
Aerospace & Defense
Metal Fabrication
Others
Based on Types the Market is categorized into Below types that held the largest Bonded Abrasive Wheels market share In 2023.
Aluminum Oxide
Zirconia Alumina
Silicon Carbide
Ceramic Aluminum Oxide
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bonded Abrasive Wheels Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bonded Abrasive Wheels Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bonded Abrasive Wheels Market, By Type
6. Global Bonded Abrasive Wheels Market, By Application
7. Global Bonded Abrasive Wheels Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bonded Abrasive Wheels Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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