| Product Code: ETC5079818 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde continued to depend heavily on imports of grinding wheels and abrasive stones in 2024, with top exporters being Portugal, China, Br. Indian Ocean Terr., Spain, and France. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). However, the industry experienced a negative compound annual growth rate (CAGR) of -0.72% from 2020 to 2024, with a significant decline in growth rate of -10.76% from 2023 to 2024. This indicates a challenging market environment that may require strategic adjustments for both importers and exporters in the sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Grinding Wheels and Abrasive Stones Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Grinding Wheels and Abrasive Stones Market - Industry Life Cycle |
3.4 Cape Verde Grinding Wheels and Abrasive Stones Market - Porter's Five Forces |
3.5 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Cape Verde Grinding Wheels and Abrasive Stones Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the manufacturing industry in Cape Verde, leading to increased demand for grinding wheels and abrasive stones. |
4.2.2 Technological advancements in grinding wheel materials and design, enhancing product performance and efficiency. |
4.2.3 Rising focus on industrial automation and precision machining, driving the need for high-quality grinding tools. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production costs of grinding wheels and abrasive stones. |
4.3.2 Intense competition from imported products, affecting the market share of local manufacturers. |
4.3.3 Environmental regulations and sustainability concerns regarding the disposal of used grinding wheels and abrasive stones. |
5 Cape Verde Grinding Wheels and Abrasive Stones Market Trends |
6 Cape Verde Grinding Wheels and Abrasive Stones Market Segmentations |
6.1 Cape Verde Grinding Wheels and Abrasive Stones Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Grinding Wheels, 2021-2031F |
6.1.3 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Abrasive Stones, 2021-2031F |
6.2 Cape Verde Grinding Wheels and Abrasive Stones Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Transport Industry, 2021-2031F |
6.2.3 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Bearing & Machinery, 2021-2031F |
6.2.5 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Steel Industry, 2021-2031F |
6.2.6 Cape Verde Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Other, 2021-2031F |
7 Cape Verde Grinding Wheels and Abrasive Stones Market Import-Export Trade Statistics |
7.1 Cape Verde Grinding Wheels and Abrasive Stones Market Export to Major Countries |
7.2 Cape Verde Grinding Wheels and Abrasive Stones Market Imports from Major Countries |
8 Cape Verde Grinding Wheels and Abrasive Stones Market Key Performance Indicators |
8.1 Average product lifespan of grinding wheels and abrasive stones, indicating durability and quality. |
8.2 Rate of adoption of new grinding technologies in the Cape Verde market, reflecting market readiness for innovation. |
8.3 Percentage of repeat customers or customer retention rate, showing satisfaction and loyalty towards local grinding wheel manufacturers. |
9 Cape Verde Grinding Wheels and Abrasive Stones Market - Opportunity Assessment |
9.1 Cape Verde Grinding Wheels and Abrasive Stones Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Grinding Wheels and Abrasive Stones Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Cape Verde Grinding Wheels and Abrasive Stones Market - Competitive Landscape |
10.1 Cape Verde Grinding Wheels and Abrasive Stones Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Grinding Wheels and Abrasive Stones Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |