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 advanced CNC grinding systems, AI technology plays a pivotal role in automating repetitive tasks and enhancing productivity. The AI machine integrates intelligent software for position, velocity, and acceleration control, enabling it to make data-driven decisions based on sensor input. By continuously monitoring the grinding machinery and measurement equipment, AI analyzes data from sensors and translates it into actionable insights. It adjusts feed rates to prevent thermal damage, initiates change points in feed cycles, and raises alarms for operator intervention when necessary. AI's ability to learn and adapt to changing conditions ensures optimal grinding performance and reduces the need for human intervention. 

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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
• 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 abrasive tools, including cylindrical, cup, and disc wheels, used for grinding, polishing, and cleaning in industries like Metalworking and Woodworking. Innovations in bonded abrasive grains, such as composite materials and coarse-particle aggregates, enhance the performance of abrasive compounds in grinding machines. Industries like Transport, Construction, Bearing and Machinery, and Steel rely on these abrasive machining operations for manufacturing components. The bond, cementing matrix, and circular shape of grinding wheels vary based on the specific application.

Market Research Overview

The Grinding Wheel 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 presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the Global Industrial Machinery and Supplies and Components Market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Factors driving growth in this market include expanding industrial output in process and discrete industries, necessitating capacity expansions in sectors such as energy, chemicals and petrochemicals, pulp and paper, and processed food and beverages, primarily in developing economies. Abrasive tools, integral to the manufacturing process, are key components of this market. These include bonded abrasive grains, such as diamond and silicon carbide, extensively utilized in metalworking and woodworking industries for material removal and shaping. Innovations in abrasive materials continue to fuel market growth.. 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/