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Global Grinding Wheel Market to Grow by $ 50 Billion During 2021-2025 | Technavio

December 29, 2020 GMT
Technavio has announced its latest market research report titled Global Grinding Wheel Market 2021-2025 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Grinding Wheel Market 2021-2025 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Dec 29, 2020--

Technavio forecast the global grinding wheel market is expected to grow by USD 50 billion during 2021-2025. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 5%.

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Technavio has announced its latest market research report titled Global Grinding Wheel Market 2021-2025 (Graphic: Business Wire)

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Read the 120-page report with TOC on “Grinding Wheel Market Analysis Report by Type (Straight wheels, Cylindrical wheels, Diamond wheels, and Others), Geography (APAC, Europe, North America, MEA, and South America), and the Segment Forecasts, 2021-2025”. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/grinding-wheel-market-industry-analysis

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The grinding wheel market is driven by the constant demand for grinding wheels from the oil and gas industries. In addition, the application of artificial intelligence and system integration is anticipated to boost the growth of the grinding wheel market.

Grinding wheels are extensively used in the oil and gas industry for various applications such as manufacturing, maintenance, and repair of upstream, midstream, and downstream components. With the recovery of crude oil prices, upstream operations have significantly gained momentum across the world. In addition, the growth in active rig count, especially in North America has increased the demand for grinding wheels in the oil and gas industry. These factors are expected to foster the growth of the global grinding wheel market during the forecast period.

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Major Five Grinding Wheel Companies:

3M Co.

3M Co. operates its business through segments such as Safety and Industrial, Transportation and Electronics, Health Care, Consumer, and Corporate and Unallocated. The company offers a wide range of grinding wheels for various end-user industries.

ATLANTIC GmbH

ATLANTIC GmbH operates its business through the Unified segment. The company offers a wide range of grinding tools for various end-user industries.

Carborundum Universal Ltd.

Carborundum Universal Ltd. operates its business through segments such as Abrasives, Ceramics, and Electrominerals. The company offers a wide range of grinding wheels for various end-user applications.

Compagnie de Saint-Gobain SA

Compagnie de Saint-Gobain SA operates its business through segments such as High Performance Solutions, Northern Europe, Southern Europe, Middle East, and Africa, Americas, and Asia-Pacific. The company offers grinding wheels, which are used in various end-user industries.

DEERFOS Co. Ltd.

DEERFOS Co. Ltd. operates its business through the Unified segment. The company offers a wide range of grinding wheels for various industrial applications.

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Grinding Wheel Market Type Outlook (Revenue, USD Billion, 2020-2025)

  • Straight wheels - size and forecast 2020-2025
  • Cylindrical wheels - size and forecast 2020-2025
  • Diamond wheels - size and forecast 2020-2025
  • Others - size and forecast 2020-2025

Grinding Wheel Market Geography Outlook (Revenue, USD Billion, 2020-2025)

  • APAC - size and forecast 2020-2025
  • Europe - size and forecast 2020-2025
  • North America - size and forecast 2020-2025
  • MEA - size and forecast 2020-2025
  • South America - size and forecast 2020-2025

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Global Grinding Machinery Market – Global grinding machinery market is segmented by end-user (Industrial machinery, Automotive, Precision machinery, and Others) and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Global Machine Tools Market – Global machine tools market is segmented by end-user (automotive, industrial machinery, precision engineering, transportation, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201229005325/en/

CONTACT: Technavio Research

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SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 12/29/2020 11:24 AM/DISC: 12/29/2020 11:25 AM

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