July 11, 2022 14:00 ET | Source: FACT.MR FACT.MR
United States, Rockville MD, July 11, 2022 (GLOBE NEWSWIRE) -- As per the latest report published by Fact.MR, a market research and competitive intelligence provider, the global Cutting Wheels market is expected to have value of US$ 2.24 billion in 2022 at a CAGR of 4.5% from 2022 to 2032. With increasing consumption of cutting discs and the other industrial equipment.
Cutting wheels come across as thin discs made out of alloys or metals used for cutting. They are generally utilized with the grinding machines for performing various operations. The biggest advantage is that the cutting operations get performed with utmost precision, along with being cost-effective. Thus, the Cutting Wheels market is bound to reach US$ 3.48 billion by the year 2032.
Growing industrialization is expected to catalyse the manufacturing and industrial facilities, which would, in turn, drive utility of industrial equipment in the next few years.
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Key Takeaways from Market Study
The competitive market is into ushering new entrants, who could leverage new manufacturing technologies for creating better industrial equipment to cater to specific applications. .
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Key Segments Covered in Cutting Wheels Industry Research
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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).
Fact.MR’s Domain Knowledge in Industrial Goods
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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