Global Tool Room Grinding Wheels Market Insights, Forecast to 2028

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.
Market Analysis and Insights: Global Tool Room Grinding Wheels Market
Due to the COVID-19 pandemic, the global Tool Room Grinding Wheels market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Straight Wheel accounting for % of the Tool Room Grinding Wheels global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Drills segment is altered to an % CAGR throughout this forecast period.
China Tool Room Grinding Wheels market size is valued at US$ million in 2021, while the US and Europe Tool Room Grinding Wheels are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Tool Room Grinding Wheels landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Tool Room Grinding Wheels include CGW, Norton Abrasives, Carborundum Universal Ltd, LINYI PRECISION ABRASIVES CO., LTD., Cumi Murugappa, Tool Room Solutions, Sterling Abrasives, McMaster-Carr and Hindustan Abrasives and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Tool Room Grinding Wheels capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Tool Room Grinding Wheels by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Tool Room Grinding Wheels Scope and Segment
Tool Room Grinding Wheels market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Tool Room Grinding Wheels market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type
Straight Wheel
Tapered Wheel
Straight Cup
Dish Cup

Segment by Application
Drills
Reamers
Milling Cutters
Others

By Company
CGW
Norton Abrasives
Carborundum Universal Ltd
LINYI PRECISION ABRASIVES CO., LTD.
Cumi Murugappa
Tool Room Solutions
Sterling Abrasives
McMaster-Carr
Hindustan Abrasives
Carborundum
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E