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, artificial intelligence (AI) plays a pivotal role in enhancing operational efficiency and productivity. These advanced systems incorporate intelligent software for functions such as position, velocity, and acceleration control. AI technology enables machines to make decisions based on sensor input, reducing the need for human intervention. By continuously monitoring the grinding process through sensors within the machinery and measurement equipment, AI can analyze data and make informed decisions. These decisions may include adjusting feed rates to prevent thermal damage, initiating change points in feed cycles, or raising alarm calls for operator intervention. AI's ability to react to real-time data and make decisions autonomously streamlines the grinding process and contributes to overall process optimization. 

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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, including grinding wheel diameter and thickness, speed, grit, hardness, structure, grade, bond, shape, and profile. Material, application, manufacturer, supplier, distributor, cost, price, lifespan, maintenance, replacement, certification, testing, simulation, modeling, optimization, innovation, research, development, trends, and future are also integral parts. Advanced grinding techniques such as high-performance, ultra-precision (using lasers, electrochemical, magnetic methods), grinding wheel customization, and design engineering are driving market growth.

Market Research Overview

The Grinding Wheels market, a segment of the larger Industrial Machinery and Supplies and Components market, encompasses the production of grinding wheels, abrasive wheels, cutting wheels, bonded abrasives, coated abrasives, and CBN wheels. The Industrial Machinery and Supplies and Components market's size is determined by Technavio as the combined revenue generated by manufacturers of machinery and components utilized in industrial settings. Market expansion will be fueled by increasing industrial production in process and discrete industries due to the robust economic growth in developing countries, particularly in the sectors of energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.. 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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Website: www.technavio.com/