Grinding Wheels Market in India, Industry Outlook and Forecast 2024-2030

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.

This report contains market size and forecasts of Grinding Wheels in India, highlights the following information:

Sales of Grinding Wheels in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Grinding Wheels in India: Volume 2019 VS 2023 VS 2030, (K MT)

Sales of Grinding Wheels in India: Revenue Market Share by Company, 2019-2024

Sales of Grinding Wheels in India: Volume Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Grinding Wheels will continue to grow rapidly in the future.

The global Grinding Wheels market size was valued at 5318.7 million in 2023 and is forecast to a readjusted size of US$ 7196.1 million by 2030, with a CAGR of 3.8% during the forecast period 2024-2030.While the India Grinding Wheels market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Grinding Wheels's global value in 2030, from % in 2023.

Our research team has surveyed the Grinding Wheels manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Grinding Wheels Market, By Materials, 2019-2024, 2025-2030 ($ Millions) & (K MT)

India Grinding Wheels Market Segment Percentages, By Materials, 2023 (%)

Resinoid Bond

Vitrified Bond

Others

India Grinding Wheels Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (K MT)

India Grinding Wheels Market Segment Percentages, By Application, 2023 (%)

Transport Industry

Bearing & Machinery

Construction

Steel Industry

Oil & Gas

Others

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Grinding Wheels revenues in India market, 2019-2024 (Estimated), ($ millions)

Key companies Grinding Wheels sales in India market, 2019-2024 (Estimated), (K MT)

Further, the report presents profiles of competitors in the market, key players include:

Klingspor

3M

Mirka Abrasives

Noritake

Saint-Gobain

Kure Grinding Wheel

Camel Grinding Wheels

Tyrolit Group

SHIN-EI Grinding Wheels

DSA Products

Andre Abrasive

DK Holdings

ELKA-Elastic

Keihin Kogyosho Co., Ltd

Northern Grinding Wheels

Hebei Sanfeng Abrasives

Hindustan Abrasives

GRANIT Grinding Wheel Ltd

ATLANTIC GmbH

AWUKO Abrasives

Abrasivos Manhattan SA