The global abrasive market size was valued at USD 34.41 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. Growth in the metal fabrication industry on account of the rising demand for pre-engineered buildings & components and developments in the manufacturing sector is one of the key driving factors of the market. The growth of the metal fabrication industry is also driven by the rising demand from various end-use industries including medical, agriculture, automotive, and aerospace. Moreover, the market is continuously evolving because of the changing technologies and lack of skilled labor.
Growth in the Electric Vehicles (EVs) industry is expected to be another major driving factor for the market. In 2019, the global EV sales reached 2.1 million and the U.S. was amongst the key markets for EVs. According to the IEA, the U.S. electric car stock increased by 29.5% from 2018 to 2019. The demand for EVs and their charging stations is increasing in the U.S., which, in turn, is anticipated to boost the abrasives demand over the coming years.
This industry study presents the global Abrasive Wheels market size, historical breakdown data (2013–2018) and forecast (2018–2025).
The Abrasive Wheels production, revenue and market share by manufacturers, key regions and type;The consumption of Abrasive Wheels in volume terms are also provided for major countries (or regions), and for each application and product at the global level.
Market share, growth rate, and competitive factors are also evaluated for market leaders 3M, Blueshark Abrasives, etc.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-abrasive-wheels-2025-316Global Abrasive Wheels market size will reach million US$ by 2025, from million US$ in 2017, at a CAGR of during the forecast period.
In this study, 2017 has been considered as the base year and 2018–2025 as the forecast period to estimate the market size for Abrasive Wheels.The following manufacturers are covered in this report:3MBlueshark Abrasives8Kingdom AbrasiveBan Chu Leong TechnologiesLehigh Valley AbrasivesCS UnitecPine ZoneOthersAbrasive Wheels Breakdown Data by TypeBonded WheelsSuper Abrasive WheelsVitrified WheelsAbrasive Wheels Breakdown Data by ApplicationIndustrialOthersAbrasive Wheels Production by RegionUnited StatesEuropeChinaJapanSouth KoreaIndiaOther RegionsAbrasive Wheels Consumption by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamThe study objectives are:To analyze and research the global Abrasive Wheels status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Abrasive Wheels manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.To segment the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Abrasive Wheels :History Year: 2013–2017Base Year: 2017Estimated Year: 2018Forecast Year: 2018–2025This report includes the estimation of market size for value (million USD) and volume (K Units).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Abrasive Wheels market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
The Abrasive Rolls Market 2021 research report gives emerging industry data, global segments and regional outlook.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the abrasive rolls market include 3M, IGM Tools & Machinery, Victory Hardware Company, Norton, Shandong Sanchao, Oatey, Nagatsuka Abrasive, PFE Technologies, Flexible Abrasives, Karbosan, Dev Abrasive, Trigon Enterprises.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Abrasive Rolls Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/abrasive-rolls-market/download-sampleMarket DynamicsThe ongoing economic and industrial development worldwide and abrasive use as an Important industrial tool across various industries like metalworking, aerospace & defense, woodworking, automotive, and electronic & semiconductor will be the encouraging trend for the growth of this market.
The emerging IoT applications will provide an impetus for this market’s growth since semiconductor manufacturing accounts for a significant global supply share.
