Latest News- Grinding Wheel Market: Straight wheels is expected to lead the Type segment during 2025-2029

The Grinding Wheel Market is being driven by Constant demand from oil and gas industries

The Grinding Wheel Market is expected to grow at a CAGR of 5.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6292.3 million. In the realm of modern CNC grinding systems, advanced software capabilities extend beyond positioning control to encompass functions such as velocity and acceleration. Artificial Intelligence (AI) integration represents a significant leap forward, enabling machines to make decisions based on sensor input. This autonomous decision-making process allows for continuous, uninterrupted grinding tasks without human intervention. AI algorithms analyze data from sensors within the grinding machinery and measurement equipment, making informed decisions such as adjusting feed rates to prevent thermal damage, initiating feed cycle change points, or raising alarms for operator intervention. By harnessing the power of AI, grinding processes become more efficient, precise, and productive. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Straight wheels
  • Cylindrical wheels
  • Diamond wheels
  • Others
• Material
  • Artificial abrasives
  • Natural abrasives
• Application
  • Metalworking
  • Woodworking
  • Automotive
• End-use Industry
  • Manufacturing
  • Construction
  • Oil and Gas
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Constant demand from oil and gas industries
• Growing aerospace and defense industries in developing economies
• Rising demand for fabricated metal products

However, the market also witnesses some limitations, which are as follows:

• Operational challenges
• Growing second-hand machine market
• Volatile raw material prices

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Market Scope in Grinding Wheel Market Research Report

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Research Analysis Overview

The Grinding Wheel Market encompasses various aspects of grinding wheel specifications, including diameter and thickness, grinding speed, grit and hardness, structure and grade, bond and shape, profile and material. Applications, manufacturers, suppliers, and distributors influence cost, price, lifespan, and maintenance. Innovations like advanced grinding, high-performance grinding, ultra-precision grinding, laser grinding, electrochemical grinding, magnetic grinding, customization, design, engineering, analysis, simulation, modeling, optimization, research, development, trends, and future advancements shape this industry. Certification, testing, and replacement are essential components of the grinding wheel market landscape.

Market Research Overview

The Grinding Wheels market is a significant segment of the larger Industrial Machinery and Supplies and Components market. This market encompasses businesses involved in the manufacturing of machinery and components, including grinding wheels, abrasive wheels, cutting wheels, bonded abrasives, coated abrasives, and CBN wheels. According to Technavio, the global Industrial Machinery and Supplies and Components market size is determined by the consolidated revenue generated by manufacturers of machinery and components utilized in industrial settings. The expansion of developing economies and the subsequent increase in demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages are key growth drivers for this market. Industrial output is surging in process and discrete industries, necessitating capacity additions and subsequent demand for grinding wheels and other abrasive solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/