Abrasives And Abrasives Machines Market By Type ( Bonded, Flexible, Superabrasives ), By Machines Type ( Industrial, Hand-Held ), By End-Use Industries ( Automotive, Machine Tools And Oems, Electronics And Semiconductors, Healthcare And Medical Devices ) - Growth, Future Prospects And Competitive Analysis 2015 - 2025

Material processing (viz., grinding, polishing, deburring, and cutting) is among the most crucial operations carried out across different industrial applications. Due to the immense significance of precise finishing, it becomes highly essential for industrial manufacturing and processing companies to adopt viable solutions so as to ensure accurate finishing of the concerned products and components. Abrasives refer to hard, wear-resistant substances used in crucial industrial processes such as grinding, deburring, cutting, and polishing. These products are intended for use in common processes such as metal (or stock) removal, lap cutting, and finishing operations in almost all industries. Abrasive products may either be mounted on material processing equipment (such as grinding, polishing, and cutting machines) or used manually. Some of the popular types of abrasive materials used in the industry include aluminum oxide, ceramics, diamond, and several others.

Abrasives comprise a small but highly crucial part of the overall manufacturing and processing industry. The overall abrasives market is highly driven by the steadily rising industrial manufacturing and automotive sectors worldwide. Over the past two to three decades, the industrial manufacturing and processing sector has witnessed a profound growth, especially in the Asia-Pacific region. This has led to an immense demand for related machine tools and consumable products. Thus, the most significant factor propelling market growth is the ever-increasing industrial manufacturing across various verticals worldwide. Another major factor fueling the abrasives market's growth is the availability of a wide range of products designed for numerous critical applications. An increase in the variety of industrial production has led to a diverse requirement for abrasive products. Over the period of time, this has led to the development of a wide array of abrasive products in different configurations that cater to a larger number of industrial applications.

The report titled "Global Abrasives and Abrasives Machines Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global abrasives and abrasives machines market, along with the market size and estimates for the duration 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on abrasive types (bonded, flexible, and super abrasives), machine types (industrial and hand-held), end-use industries, and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing an analysis of the types of abrasives used in various applications, such as grinding, cutting, polishing, and deburring, among others.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of abrasives and abrasive machines, market positioning, and key developments. Some of the major players profiled in the report are Saint-Gobain Group, The 3M Company, NORITAKE CO., LIMITED, TYROLIT Group, Toyoda Van Moppes Ltd., Black & Decker Corporation, Bosch Group, Junker Group, L. KELLENBERGER & Co. AG, Korber AG, and Danobat Group.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the abrasives and abrasive machines industry's upcoming attractive markets
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global abrasives and abrasives machines market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global abrasive machines market is segmented, based on type, into the following categories:

  •  Industrial
  • Hand-held

In 2016, the industrial abrasive machines segment was the largest contributor to the global abrasives market in terms of revenue. Automotive, machine tools and OEMs, electronics and semiconductors, and other end-use industries rely heavily on industrial abrasive equipment. The use of automated machines is highly prevalent in large-scale manufacturing processes across numerous industries. Due to the continued demand for CNC abrasive machines, the industrial abrasive machines segment is expected to maintain its dominance during the forecast period from 2017 to 2025.

Hand-held abrasive machines are widely used for various small-scale applications such as fine polishing, grinding, and cutting. Hand-held machines offer convenience and a higher degree of accuracy for intricate fabrication jobs. Moreover, hand-held abrasive machines have witnessed immense demand from the DIY sector, wherein consumers purchase such machines for various small-scale household applications. Thereby, this segment is expected to witness significant growth during the forecast period.

The global abrasives market is segmented, based on type, into the following categories:

  •  Bonded
  • Flexible
  • Superabrasives

In 2016, the flexible abrasives segment was the largest contributor to the global abrasives market in terms of revenue. Abrasive materials coated on cloth, paper, film, or flaps, among other things, are included in the flexible abrasives segment and can be used with various types of abrasive machines. The most significant merit of flexible abrasives is their flexibility in being used on intricate and non-uniform geometries. The ability to deliver the cut and performance of conventional abrasives with ease of operation has increased the demand for flexible abrasives in the past few years. Consequently, with the aforementioned merits and increasing demand for flexible abrasives, the insistence on flexible abrasives is expected to escalate during the forecast period of 2016–2024.

On account of increasing demand from the automotive industry for applications such as lobe grinding, main grinding, general grinding, journal grinding, and thrust wall grinding, the super abrasives segment is expected to witness significant growth during the forecast period. Particularly, products such as vitrified cubic boron nitride (CBN) wheels and diamond wheels are expected to witness substantial demand from various high-end applications.

The global abrasives and abrasive machine market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

In 2016, Asia Pacific dominated the overall abrasive and abrasive machine market across the world. The segment contributed to more than one-third of the total revenue generated globally in 2016. There has been an increasing demand for abrasives from numerous manufacturing industries such as automotive, machine tools, and other processing industries in countries including China, Japan, South Korea, India, Thailand, and Indonesia, among others. Thereby, the region offers immense growth opportunities for the overall abrasives and abrasive machines market during the forecast period.

Europe followed the Asia Pacific in the overall abrasives and abrasive machine market in terms of revenue. On account of the high concentration of manufacturing and automotive industries in the region, Europe poses a large market for various types of abrasives and machines. The region is expected to witness moderate growth during the forecast period.

Frequently Asked Questions:

The market for Abrasives And Abrasives Machines Market is expected to reach At US$ 23.1 Bn in 2025.

The Abrasives And Abrasives Machines Market is expected to see significant CAGR growth over the coming years, at 6.0%

The report is forecasted to 2017-2025

The base year of this report is 2016.

Saint-Gobain Group,The 3M Company,NORITAKE CO.LIMITED, TYROLIT Group,Toyoda Van Moppes Ltd. are some of the major players in the global market.

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Published Date:  Apr 2017
Category:  Automation & Process Control
Report ID:   58409
Report Format:   PDF
Pages:   120
Rating:    4.6 (65)
Delivery Time: 24 Hours to 48 Hours   
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