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Grinding Wheels Market is expected to reach 5230 million USD
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Grinding Wheels Market is expected to reach 5230 million USD growing at a CAGR of 4.2% by Planet Market Reports
by wilson rodrigues · September 6
, 2018




Global Grinding Wheels Industry Analysis, Size, Share, Growth, Trends, and Forecast:


This report studies the Grinding Wheels market. A grinding wheel is a wheel composed of an abrasive compound and used for various grinding abrasive cutting and abrasive machining operations. Such wheels are used in grinding machines.


The wheels are generally made from a composite material consisting of coarse-particle aggregate pressed and bonded together by a cementing matrix called the bond in grinding wheel terminology to form a solid, circular shape. Various profiles and cross sections are available depending on the intended usage for the wheel. They may also be made from a solid steel or aluminium disc with particles bonded to the surface. Today most grinding wheels are artificial composites made with artificial aggregates, but the history of grinding wheels began with natural composite stones, such as those used for millstones.


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Scope of the Report:


This report focuses on the Grinding Wheels in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.


Geographically, the consumption market is leading by Europe, Greater China and United States. In terms of year 2017, Europe holds the largest market share, with about 1106.06 Million USD sales revenue, followed by United States, with about 12.7% market share in 2017. China will keep playing


important role in Global market. APAC will be the major revenue contributor to the grinding wheel market throughout the forecast period. The rising industrial and economic development along with the growth in the number of companies planning to integrate the grinding wheel technology will drive the growth of the market in this region.


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Grinding wheels find application in almost every manufacturing industry. The key users of grinding wheels are automotive, aerospace, ship building, oil and gas, and semiconductor industries. Each of the Grinding Wheels manufacturers has its own mature sales networks. Through retailer and resells, their authorized distributors or their partners, those Grinding Wheels manufacturers keep keen on expanding their Grinding Wheels sales. To achieve better sales businesses, Grinding Wheels manufacturers usually invest on their marketing channel infrastructure every year.


The worldwide market for Grinding Wheels is expected to grow at a CAGR of roughly 4.2% over the next five years, will reach 5230 million US$ in 2023, from 4080 million US$ in 2017, according to a new Planet Market Reports study.


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Market Segment by Type, covers


Resinoid Bond Grinding Wheels


Vitrified Bond Grinding Wheels


Other


Market Segment by Applications, can be divided into


Transport Industry


Construction


Bearing & Machinery


Steel Industry


Other


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Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. 聽We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.


We have statistical surveying reports from number of top publishers and update our reports collections on daily basis with most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns. We help you in your buy choice by mapping your data needs with our immense accumulation of reports.


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Grinding Wheels Market is expected to reach 5230 million USD
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