Cutting Wheels Market Size, Share, & Growth Analysis 2024-2032

(MENAFN- Meridian market Consultants) The Reports and Insights, a leading market research company, has recently releases report titled “Cutting Wheels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Cutting Wheels Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Cutting Wheels?

The global cutting wheels markеt size reached US$ 2.3 billion in 2023. The market to reach US$ 3.8 billion in 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.

What are Cutting Wheels Market?

Cutting wheels are abrasive instruments utilized for cutting materials like metal, concrete, and stone. They consist of abrasive particles bonded together with a binder material, forming a wheel or disk. These wheels are crafted to effectively remove material, producing clean and precise cuts. They find application in handheld angle grinders, chop saws, and other cutting machinery, providing versatility and efficiency across various cutting tasks.

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What are the growth prospects and trends in the Cutting Wheels Market industry?

The cutting wheels market growth is driven by various factors. The market for cutting wheels is growing steadily, propelled by rising demand for effective cutting tools in construction, manufacturing, and automotive industries. These wheels, composed of bonded abrasive materials, are crucial for precise cutting of metals, concrete, and stone. Factors such as increasing construction projects, expanding manufacturing activities, and the adoption of advanced cutting technologies are driving market growth. Moreover, innovations in cutting wheel designs and materials aimed at improving performance and longevity are also contributing to market expansion. Hence, all these factors contribute to cutting wheels market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

1. By Wheel Type

Straight Cutting Wheels
Depressed Center Cutting Wheels

2. By Disc Material

Cast Iron
Steel
Other Materials
Nickel
Alloys
Titanium
Aluminium

3. By Abrasive Type

Aluminium Oxide
Silicon Carbide
Aluminium Zirconium
Seeded Gel
Diamond Cutting Wheels

4. By Grit Size

Coarse (8-24 CAMI Units)
Medium (30-60)
Fine (70-180)
Very Fine (220-600)

5. By Application

Metal Cutting
Masonry
Ceramic Cutting
Notching

6. By End-Use Industry

Transportation
Automotive
Aerospace
Marine
Construction
Metal Working
Shipbuilding

7. North America

United States
Canada

8. Europe

Germany
United Kingdom
France
Italy
Spain
Russia
Poland
Benelux
Nordic
Rest of Europe

9. Asia Pacific

China
Japan
India
South Korea
ASEAN
Australia New Zealand
Rest of Asia Pacific

10. Latin America

Brazil
Mexico
Argentina

11. Middle East Africa

Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

1. Makita Corporation
2. Walter Surface Technologies Inc.
3. Dremel
4. 3M
5. Grindwell Norton Ltd.
6. Lenox Tools
7. Ryobi Limited
8. DEWALT
9. Shark Industries LTD.
10. Forney Industries Inc.

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