Grinding Wheel Market to grow by USD 6.29 Billion (2025-2029), driven by consistent demand from oil and gas industries, Report with AI impact on market trends - Technavio

NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global grinding wheel market size is estimated to grow by USD 6.29 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 5.2%  during the forecast period. Constant demand from oil and gas industries is driving market growth, with a trend towards application of artificial intelligence and system integration. However, operational challenges  poses a challenge. Key market players include 3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH and Co. KG, Camel Grinding Wheels Works Sarid Ltd., Compagnie de Saint-Gobain SA, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, Murugappa Group, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels MFG. Co. Ltd., Thai GCI Resitop Co. Ltd., Tyrolit KG, and Wendt India Ltd..

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Market Driver

The grinding wheel market is thriving due to increasing trends in abrasive tools for various industries. Bonded abrasive grains, made from materials like diamond, silicon carbide, and aluminum oxide, are popular choices for metalworking and woodworking. Innovations in material science lead to improved wear resistance, accuracy, and surface finish. Safety regulations are crucial in preventing mishaps and damage during precision machining. Industrialization and manufacturing activities drive demand for optimal surface quality in sectors like transport, construction, bearing and machinery, and steel. Cylindrical, cup, and disc wheels are essential for grinding, cleaning, and polishing. Abrasive compounds and cutting operations are integral to the market. New composite materials, such as artificial composites and aggregates, are gaining traction with circular shapes, profiles, and cross sections made of solid steel, aluminum discs, and natural composite stones. Sustainable manufacturing techniques are also a focus, with an emphasis on millstones and artificial aggregates. Overall, the market is evolving to meet the diverse needs of industries while ensuring safety and precision. 

Modern CNC grinding systems incorporate advanced software for controlling position, velocity, and acceleration. Artificial Intelligence (AI) technology enables machines to make decisions based on sensor input, reducing human intervention. AI analyzes data from grinding machinery and measurement equipment to optimize feed rates, prevent thermal damage, and initiate feed cycle changes. By continuously monitoring and reacting to sensor data, AI enhances grinding process efficiency and productivity. 

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 Market Challenges

•         The grinding wheel market faces several challenges in various industries like metalworking and woodworking. Abrasive tools, a key component of grinding wheels, require constant innovation with bonded abrasive grains in diamonds, silicon carbide, and aluminum oxide. Ensuring accuracy, wear resistance, and optimal surface finish in dimensional accuracy is crucial. Safety regulations are paramount to prevent mishaps causing damage during precision machining. Industrialization and manufacturing activities drive the demand for grinding wheels in sectors like transport, construction, bearing and machinery, and steel. Innovative materials, such as composite materials and artificial aggregates, are used to create advanced grinding wheels, including cylindrical, cup, and disc wheels. Cleaning and polishing processes also rely on grinding wheels. Sustainable manufacturing techniques are essential, with a focus on using natural composite stones, like millstones, and artificial composites. Grinding machines employ various grinding operations, including abrasive cutting and machining, using grinding compounds and different shapes and cross sections, such as solid steel and aluminum discs. Overall, the market demands continuous improvement to meet diverse industry needs.

•         Grinding is a crucial process that involves the removal of metal from a surface to achieve a smooth finish. This procedure generates heat, which significantly impacts both the grinding wheel and the workpiece. Regarding the grinding wheel, the heat produced can lead to the development of grinding cracks. These cracks, which appear at right angles to grinding marks, can result in the wheel's replacement, increasing both the cost of spare parts and operational expenses. On the other hand, the workpiece retains most of the heat generated during the grinding operation. Consequently, it undergoes more significant thermal effects, which could potentially impact its quality and durability. Therefore, understanding the thermal effects on both the grinding wheel and the workpiece is essential for optimizing the grinding process and minimizing costs.

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Segment Overview 

This grinding wheel market report extensively covers market segmentation by  

1.1 Straight wheels-  Straight grinding wheels are a standard choice for cylindrical, centerless, and surface grinding applications. These wheels come in various sizes, diameters, and widths, making them suitable for diverse industries and applications. They are primarily used to create a slightly concave surface on the product. Straight wheels are extensively employed in sectors like automotive, aerospace, and shipbuilding for manufacturing components subjected to grinding processes. The expansion of these industries during the forecast period is expected to fuel the demand for straight grinding wheels worldwide.

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Research Analysis

The Grinding Wheel Market encompasses a wide range of abrasive tools used for various industrial applications, including grinding, polishing, and cleaning processes. These tools are essential in industries such as metalworking and woodworking, where the need for precision and durability is paramount. The market includes cylindrical grinding wheels, cup wheels, and disc wheels, among others, made from bonded abrasive grains in a composite material. Material innovations have led to the use of coarse-particle aggregates and cementing matrices to create high-performance bonds, enhancing the efficiency and longevity of these wheels. The transport industry, construction, bearing and machinery, and steel industry are significant consumers of grinding wheels, with abrasive cutting and machining operations relying heavily on grinding machines. Overall, the market continues to evolve, driven by advancements in abrasive compounds and the demand for more efficient and effective grinding solutions.

Market Research Overview

The Grinding Wheel Market encompasses a wide range of abrasive tools used in various industries for grinding, polishing, and cutting applications. These tools are made up of bonded abrasive grains such as diamond, silicon carbide, and aluminum oxide. The market caters to the metalworking and woodworking industries, prioritizing accuracy, wear resistance, and optimal surface quality. Material innovations in the form of composite materials, artificial composites, and artificial aggregates, have revolutionized the market. The transport industry, construction, and steel industry are significant consumers of grinding wheels. Safety regulations are stringently enforced to prevent mishaps and damage during precision machining. Grinding machines, cylindrical grinding wheels, cup wheels, and disc wheels are essential equipment in manufacturing activities. Abrasive compounds, abrasive cutting, and abrasive machining operations are integral to the process. The market also includes grinding wheels in circular shapes, with various profiles and cross sections, made of solid steel, aluminum discs, and natural composite stones like millstones.

Table of Contents:

1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation

7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix

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SOURCE Technavio