| Product Code: ETC053344 | Publication Date: Jun 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India`s cut off wheel import shipments in 2024 continued to be dominated by top exporters such as China, Thailand, USA, Japan, and Austria. However, the market shows very high concentration with a high Herfindahl-Hirschman Index (HHI). Despite a notable Compound Annual Growth Rate (CAGR) of 19.01% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -0.61%. This data suggests a stable yet competitive market landscape for cut off wheel imports in India, with potential opportunities for further growth and diversification.

The India Cut-off Wheel Market is estimated to register a CAGR of 5.3% during the forecast period from 2025 to 2031, reaching a market value of INR 28.2 Bn in 2031. The major factor driving the growth of the cut-off wheel market is increasing demand for high accuracy cutting and grinding applications in various industries like automotive, steel & construction, electrical & electronics etc., which has encouraged manufacturers to develop cost effective and efficient solutions for such operations. Additionally, growing emphasis on safety standards due to prevalence of workplace injuries has also led to increased adoption of cut-off wheels across different industrial sectors. Furthermore, technological advancements coupled with rapid urbanization & industrialization are creating new opportunities for key stakeholders in this market space.
Increasing Demand For High Accuracy Cutting And Grinding Operations Across Various Industrial Sectors: Growing demand for accurate cutting and grinding operations across various industries due to stringent product quality requirements have propelled manufacturers into developing cost effective yet efficient solutions using cut-off wheels technology which has further boosted its adoption rate among end users resulting in an upward trend in the growth trajectory of India Cut Off Wheel Market over past few years. Rising Focus On Workplace Safety Standards To Curb Injuries : With rising awareness about occupational health hazards caused by manual handling activities like grinding operations, there is an increasing need by organizations as well as governments across geographies towards promoting safe working practices at work places leading to higher deployment rates of automated machinery including cut off wheel machines that offer consistent accuracy while reducing risk of physical injury among workers involved in these processes making it one more important driver influencing the overall growth prospects of Indian Cut Off Wheel Market.
Volatile Raw Material Prices : With raw material prices being highly volatile especially related metals used while manufacturing blades or discs used as part or components within cut off wheel machines pose challenge before key players operating within this industry space who are facing difficulties maintaining profitable margins amidst fluctuating input costs directly affecting their bottom line revenues thereby posing potential threats before long term sustainability prospects existing players currently witness within this market place . Stringent Government Regulations Regarding Pollution Control Norms : Implementation and compliance with pollution control norms issued by government authorities considering hazardous nature pollutants emitted while performing certain cutting/grinding operations involving usagecut off wheel machineries adds additional cost burden over already high operational expenses incurred by players engaged into offering such services limiting.
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 India Cut Off Wheel Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cut Off Wheel Market Revenues & Volume, 2021 & 2031F |
3.3 India Cut Off Wheel Market - Industry Life Cycle |
3.4 India Cut Off Wheel Market - Porter's Five Forces |
3.5 India Cut Off Wheel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Cut Off Wheel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Cut Off Wheel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in manufacturing and construction industries in India leading to increased demand for cut off wheels. |
4.2.2 Rising adoption of advanced technologies and automation in industries driving the need for high-quality cut off wheels. |
4.2.3 Increasing focus on precision cutting tools for improved efficiency and productivity. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production for cut off wheel manufacturers. |
4.3.2 Intense market competition leading to price wars and margin pressures. |
4.3.3 Regulatory challenges and compliance requirements affecting the production and distribution of cut off wheels. |
5 India Cut Off Wheel Market Trends |
6 India Cut Off Wheel Market, By Types |
6.1 India Cut Off Wheel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Cut Off Wheel Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Cut Off Wheel Market Revenues & Volume, By Aluminum Oxide Material, 2021-2031F |
6.1.4 India Cut Off Wheel Market Revenues & Volume, By Zirconia Alumina Material, 2021-2031F |
6.1.5 India Cut Off Wheel Market Revenues & Volume, By Silicon Carbide Material, 2021-2031F |
6.2 India Cut Off Wheel Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cut Off Wheel Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Cut Off Wheel Market Revenues & Volume, By Machinery & Equipment, 2021-2031F |
6.2.4 India Cut Off Wheel Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.5 India Cut Off Wheel Market Revenues & Volume, By Metal Fabrication, 2021-2031F |
6.2.6 India Cut Off Wheel Market Revenues & Volume, By Others, 2021-2031F |
7 India Cut Off Wheel Market Import-Export Trade Statistics |
7.1 India Cut Off Wheel Market Export to Major Countries |
7.2 India Cut Off Wheel Market Imports from Major Countries |
8 India Cut Off Wheel Market Key Performance Indicators |
8.1 Average order value per customer. |
8.2 Customer retention rate. |
8.3 Rate of new product development and adoption in the market. |
8.4 Efficiency in supply chain management. |
8.5 Level of customer satisfaction and feedback. |
9 India Cut Off Wheel Market - Opportunity Assessment |
9.1 India Cut Off Wheel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Cut Off Wheel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Cut Off Wheel Market - Competitive Landscape |
10.1 India Cut Off Wheel Market Revenue Share, By Companies, 2024 |
10.2 India Cut Off Wheel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |