Cutting Wheels Sales are Set to Reach US$ 3.48 Billion by 2032

The market for cutting wheels is anticipated to reach US$ 2.24 billion in 2022 and grow at a CAGR of 4.5% from 2022 to 2032. cutting discs and other industrial machinery are being used more frequently.

Cutting wheels are thin metal or alloy discs that are used for cutting. They typically work with grinding equipment to carry out a variety of tasks. The main benefit is that cutting operations are carried out with the highest level of accuracy and economy. The market for cutting wheels will therefore likely reach US$ 3.48 billion by 2032.

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In the coming years, increasing industrialization is anticipated to stimulate the development of manufacturing and industrial facilities and, in turn, increase the need for industrial equipment.

Key Takeaways from Market Study

• North America holds close to 22% of the entire market.
• Europe leads with 26% of the overall market share.
• Increasing research and development activities are expected to result in new cutting technologies which could result in a drop in demand for cutting wheels.
• Diamond cutting wheels, steel cutting discs, porcelain cutting discs, aluminum cutting discs, wood cutting discs, and fabric cutting wheels are some major products that are anticipated to witness high demand across the forecast period.
• The market for cutting wheels in Europe accounts for a 26% market share in 2022 and holds a revenue total of US$ 575 million.
• Countries such as Germany, France, and the U.K. are expected to be at the forefront of the Europe cutting wheels industry throughout the forecast period.

Market Developments

The competitive market is into ushering new entrants, who could leverage new manufacturing technologies for creating better industrial equipment to cater to specific applications.

• Foundation Alloy, a start-up founded in February 2022, specializes in high-performance metal manufacturing. It did raise US$ 10.5 million with regards to seed funding two months back. The Engine and Material Impact was co-leading this seed funding. As per the start-up, it is capable of manufacturing parts by optimum usage of energy with less dissipation.
• Saint-Gobain Abrasives announced launching the upgraded Norton Gemini grinding wheels. They carry a new-fangled premium alumina grain and have advanced bond technology ingrained in it.

Market Titans

• Makita Corporation
• Walter Surface Technologies Inc.
• Dremel
• 3M
• Grindwell Norton Ltd.
• Lenox Tools
• Ryobi Limited
• DEWALT
• Shark Industries LTD.
• Forney Industries Inc.

Key Segments Covered in Cutting Wheels Industry Research

• Cutting Wheels Market by Wheel Type :
  • Straight Cutting Wheels
  • Depressed Center Cutting Wheels
• Cutting Wheels Market by Disc Material :
  • Cast Iron
  • Steel
  • Other Materials (Nickel, Alloys, Titanium, Aluminium)
• Cutting Wheels Market by Abrasive Type :
  • Aluminum Oxide
  • Silicon Carbide
  • Aluminum Zirconium
  • Seeded Gel
  • Diamond Cutting Wheels
• Cutting Wheels Market by Grit Size :
  • Coarse (8-24 CAMI Units)
  • Medium (30-60)
  • Fine (70-180)
  • Very Fine (220-600)
• Cutting Wheels Market by Application :
  • Metal Cutting
  • Masonry
  • Ceramic Cutting
  • Notching
• Cutting Wheels Market by End-use Industry :
  • Transportation
    • Automotive
    • Aerospace
    • Marine
  • Construction
  • Metal Working
  • Shipbuilding
• Cutting Wheels Market by Region :
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global Cutting Wheels market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by wheel type (straight cutting wheels and depressed center cutting wheels), by disc material (cast iron, steel, and others like aluminium, titanium, alloys, and nickel), by abrasive type (aluminium oxide, silicon carbide, aluminium zirconium, seeded gel, and diamond cutting wheels), by grit size (coarse (8-24 CAMI units), medium (30-60), fine (70-180), and very fine (220-600)), by application (metal cutting, masonry, ceramic cutting, and notching), by end-use (transportation (automotive, aerospace, and marine), construction, metal working, and shipbuilding), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).

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