MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Grinding Wheels - Bonded
Overview
Market size
$4.4B
global, USD
CAGR
4.8%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
5
tracked players
Signals
12
6 high severity
Market outlook
2031$5.6B
What changed
Demand by region
Asia Pacific demand45%
Europe demand22%
North America demand20%
Latin America demand8%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Abrasive grains (Al2O3, SiC, superabrasives)40%
Upstream bonding agents (Phenolic and polyimide resins)25%
Manufacturing energy and utility operations15%
Labor and localized assembly costs12%
Inbound and outbound logistics8%
share of delivered cost (analyst estimate)