Cutting Wheel Market

Cutting Wheel Market Outlook (2024 to 2034)

In 2024, the global cutting wheel market size is expected to reach a valuation of US$ 2.5 billion and climb to US$ 3.88 billion by the end of 2034. Worldwide demand for cutting wheels is forecasted to increase at a CAGR of 4.5% from 2024 to 2034.

Increasing industrialization across several regions is driving the need for advanced cutting discs and other industrial equipment. Rising construction activities, rising metal cutting activities in several industries such as aerospace, marine, and automotive, and technological advancements in grinding wheel manufacturing are other factors that are favoring cutting wheel market growth.

Cutting wheels are thin discs made of metals or alloys used for cutting purposes. They are mostly used with grinding machines to perform several operations. Cut-off wheels efficiently perform cutting tasks with precision, optimizing time and reducing production costs significantly while minimizing downtime for changeovers.

The aforementioned factors are driving the popularity of cutting wheels across several industry verticals. High need for the replacement of parts is also a key factor that is contributing to market expansion.

Key Market Growth Drivers

• Increasing industrialization in various countries is driving the establishment of manufacturing and industrial facilities, thus increasing the demand for industrial equipment.
• Diamond cutting wheels, steel cutting discs, porcelain cutting discs, aluminum cutting discs, wood cutting discs, and fabric cutting wheels are among the key products experiencing robust demand.
• Recent advancements in abrasive materials and manufacturing techniques have led to cutting wheels that are more durable, efficient, and precise.
• Cutting wheels outperform alternatives like diamond-coated or cubic boron nitride (CBN) wheels due to their superior performance characteristics, attracting a growing user base.
• One significant trend driving demand in the cutting wheel market is the rise in global manufacturing activities, particularly in sectors such as metalworking and fabrication.
• Cutting wheels play crucial roles in various production stages, facilitating cutting, shaping, and finishing processes across different materials.
• The automotive sector is expanding steadily, with increasing vehicle production necessitating greater use of these tools in both manufacturing and maintenance applications.
• Governments worldwide are implementing supportive initiatives to stimulate economic growth through industrialization. These factors are fueling metalworking activities and, consequently, contributing to the expansion of the cutting wheel market size.

Report Attribute	Detail
Cutting Wheel Market Size (2024E)	US$ 2.5 Billion
Forecasted Market Value (2034F)	US$ 3.88 Billion
Global Market Growth Rate (2024 to 2034)	4.5% CAGR
East Asia Market Share (2024E)	26.7%
North America Market Value (2024E)	US$ 554.2 Million
Straight Cutting Wheels Segment Value (2034F)	US$ 2.25 Billion
Steel Segment Value (2034F)	US$ 2.07 Billion
Key Companies Profiled	CorePlus; Mirka UK; Saint-Gobain Abrasives; Walter Surface Technologies Inc.; Shark Industries Ltd.; Grindwell Norton Ltd.; Ryobi Limited; 3M Company; Makita Corporation.

What’s Playing a Crucial Role in Shaping the Demand for Cutting Wheels?

“Need for Cutting Wheels Driven by Repair and Maintenance Activities across Industries”

Repair and maintenance activities in sectors like construction, manufacturing, and automotive are driving consistent demand for cutting wheels. These operations involve parts replacement and refurbishment, necessitating precise and efficient cutting tools to ensure customer satisfaction. Essential productivity tools, cutting wheels are indispensable for cutting through metal, concrete, and various materials. The ongoing need to maintain machinery and vehicles requires a steady supply of cutting wheels, crucial for the safe and effective completion of maintenance tasks by workers.

What is Something to Watch Out for in This Space?

“Safety Concerns Due to Improper Handling”

Primary constraints affecting the cutting wheel market revolve around safety and application scenarios. Improper use of cutting wheels can lead to severe accidents, including wheel breakage resulting in cuts, abrasions, or worse. Therefore, comprehensive training on correct handling, installation, and operation of cutting wheels is crucial.

The market for cutting wheels faces challenges from alternative technologies such as plasma cutting, laser cutting, and water jet cutting gaining traction in various industries. Increasing investments in research and development are also fostering the emergence of advanced cutting technologies, further impacting the demand for traditional cutting wheels.

Country-wise Insights

The East Asia region is poised to hold 26.7% of the global cutting wheel market share in 2024. The low production and labor costs in the region, bolstered by the establishment of large-scale manufacturing facilities, have significantly boosted the expansion of the industrial sector.

Why are Cutting Wheel Manufacturers Focusing on the United States?

“High Usage of Cutting Discs for Infrastructural Maintenance Purposes”

Attribute	United States
Market Value (2024E)	US$ 451.7 Million
Growth Rate (2024 to 2034)	4.4% CAGR
Projected Value (2034F)	US$ 695.7 Million

Continuous maintenance and repair efforts across the United States are a key cutting wheel market trend. These tools play a vital role in tasks such as cutting, shaping, and material removal essential for maintaining the country's infrastructure, including public buildings, highways, bridges, and industrial machinery. As infrastructure ages, the importance of employing efficient cutting techniques becomes even more critical, directly influencing the demand for cutting wheels.

What are the Factors Pushing Demand for Cutting Wheels in Japan?

“Extensive Use of Cutting Wheels in Automotive Industry”

Attribute	Japan
Market Value (2024E)	US$ 172 Million
Growth Rate (2024 to 2034)	4.5% CAGR
Projected Value (2034F)	US$ 268 Million

Japan's robust automotive sector drives significant demand for cutting wheels, essential tools for machining and assembling vehicles. The continuous manufacturing of new car models relies heavily on precision cutting tools that shape metal and various composites with efficiency. In addition, maintaining and repairing the existing vehicle fleet requires cutting wheels for tasks like part replacement and structural adjustments.

High-quality cutting wheels, known for their precision and efficiency, play a crucial role in these processes, enhancing Japan's reputation for automotive industry excellence and innovation.

Category-wise Insights

Based on abrasive type, the market is segmented into aluminum oxide, silicon carbide, aluminum zirconium, seeded gel, and diamond cutting wheels. The diamond cutting wheels segment is projected to generate significant revenue throughout the projection period due to their durability and efficiency in cutting hard materials such as metal, ceramic, concrete, and many others.

Why are Straight Cutting Wheels Preferred over Depressed Center Cutting Discs?

“Affordability and Adaptability of Straight Cutting Wheels”

Attribute	Straight Cutting Wheels
Segment Value (2024E)	US$ 1.48 Billion
Growth Rate (2024 to 2034)	4.3% CAGR
Projected Value (2034F)	US$ 2.25 Million

Straight-cutting wheels are in higher demand than depressed center-cutting discs because of their affordability and adaptability. Table saws, chop saws, handheld grinders, and other cutting instruments and equipment are operated with straight cutting wheels.

These wheels are typically less expensive to produce, which means that consumers pay less for them. Furthermore, straight wheels are widely chosen for various applications in metallurgy, woodworking, and construction because they yield a cleaner, more accurate cut. Their easier maintenance and replacement are also made possible by their simplified design.

Why is Demand for Steel-based Cutting Wheels Increasing?

“High Endurance and Durability of Steel-based Cutting Wheels”

Attribute	Steel
Segment Value (2024E)	US$ 1.34 Billion
Growth Rate (2024 to 2034)	4.5% CAGR
Projected Value (2034F)	US$ 2.07 Billion

Steel-based cutting wheels are gaining popularity due to several key advantages they offer. These wheels excel in endurance and durability, outlasting other materials, especially in high-stress cutting operations. Their superior heat resistance ensures consistent cutting efficiency and structural integrity even in demanding environments. Steel wheels also typically produce cleaner cuts with reduced burring, enhancing overall work quality across diverse applications.

Recent advancements in steel alloy technology have further enhanced these wheels, creating products that combine strength with lightweight properties. This improvement not only enhances control during use but also reduces user fatigue.

Competitive Landscape

Key players in the cutting wheel market are focusing on launching more efficient cutting discs to enhance productivity. Cutting wheel manufacturers are also investing in developing more durable wheels that can last longer and make faster cuts.

• In May 2024, a new series of hybrid-bonded cup grinding wheels called the Mirka Cafro E-Cup 11V9 was unveiled by Mirka UK. These wheels increase productivity, sustainability, and performance in the tool-making process.
• In November 2022, Saint-Gobain Abrasives unveiled their new Norton for Aluminum Thin Wheels for right-angle cutting and grinding of aluminum and other non-ferrous soft metals. Specialized bond technology and extra-friable, self-sharpening aluminum oxide grain are highlights of the wheels.
• In September 2021, Diamond Cutting Blades, Dry Diamond Core Drill Bits, Diamond Tile Drill Bits, and Diamond Hole Saws are among the new line of premium products that CorePlus has introduced.

Fact.MR provides detailed information about the price points of key manufacturers of cutting wheels positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Segmentation of Cutting Wheel Market Research

• By Type :

  • Straight Cutting Wheels
  • Depressed Center Cutting Wheels

• By Disc Material :

  • Cast Iron
  • Steel
  • Other Materials (Nickel, Alloys, Titanium, Aluminum)

• By Abrasive Type :

  • Aluminum Oxide
  • Silicon Carbide
  • Aluminum Zirconium
  • Seeded Gel
  • Diamond Cutting Wheels

• By Grit Size :

  • Coarse (8 to 24 CAMI Units)
  • Medium (30 to 60)
  • Fine (70 to 180)
  • Very Fine (220 to 600)

• By Application :

  • Metal Cutting
  • Masonry
  • Ceramic Cutting
  • Notching

• By End-Use Industry :

  • Transportation
    • Automotive
    • Aerospace
    • Marine
  • Construction
  • Metal Working
  • Shipbuilding

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa