| Product Code: ETC5146631 | 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 |
Maldives continues to rely on imports of grinding wheels, with top exporters being China, India, Thailand, UAE, and Sri Lanka in 2024. Despite the high concentration of market share, the industry has shown strong growth with a CAGR of 16.25% from 2020-2024. However, there was a slight decline in growth rate from 2023-2024 at -8.05%. The competitive landscape remains dynamic, with these key players dominating the market in Maldives.

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 Maldives Grinding Wheels Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Grinding Wheels Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Grinding Wheels Market - Industry Life Cycle |
3.4 Maldives Grinding Wheels Market - Porter's Five Forces |
3.5 Maldives Grinding Wheels Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Grinding Wheels Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Maldives Grinding Wheels Market Revenues & Volume Share, By Diameter, 2021 & 2031F |
3.8 Maldives Grinding Wheels Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.9 Maldives Grinding Wheels Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.10 Maldives Grinding Wheels Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.11 Maldives Grinding Wheels Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Maldives Grinding Wheels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and manufacturing activities in the Maldives leading to higher demand for grinding wheels. |
4.2.2 Growing adoption of advanced technologies and automation in the manufacturing sector driving the need for high-performance grinding wheels. |
4.2.3 Rise in construction projects and infrastructure development in the Maldives boosting the demand for grinding wheels. |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for grinding wheel production in the Maldives. |
4.3.2 Fluctuating prices of key raw materials impacting the production cost of grinding wheels. |
4.3.3 Lack of skilled labor for manufacturing and handling grinding wheels affecting the overall supply chain. |
5 Maldives Grinding Wheels Market Trends |
6 Maldives Grinding Wheels Market Segmentations |
6.1 Maldives Grinding Wheels Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Grinding Wheels Market Revenues & Volume, By Straight, 2021-2031F |
6.1.3 Maldives Grinding Wheels Market Revenues & Volume, By Cylinder, 2021-2031F |
6.1.4 Maldives Grinding Wheels Market Revenues & Volume, By Tapered, 2021-2031F |
6.1.5 Maldives Grinding Wheels Market Revenues & Volume, By Recessed, 2021-2031F |
6.1.6 Maldives Grinding Wheels Market Revenues & Volume, By Others, 2021-2031F |
6.2 Maldives Grinding Wheels Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Maldives Grinding Wheels Market Revenues & Volume, By Natural Abrasives, 2021-2031F |
6.2.3 Maldives Grinding Wheels Market Revenues & Volume, By Artificial Abrasives, 2021-2031F |
6.3 Maldives Grinding Wheels Market, By Diameter |
6.3.1 Overview and Analysis |
6.3.2 Maldives Grinding Wheels Market Revenues & Volume, By 00 mm to 100 mm, 2021-2031F |
6.3.3 Maldives Grinding Wheels Market Revenues & Volume, By 100 mm to 1000 mm, 2021-2031F |
6.3.4 Maldives Grinding Wheels Market Revenues & Volume, By 1000 mm and above, 2021-2031F |
6.4 Maldives Grinding Wheels Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Maldives Grinding Wheels Market Revenues & Volume, By Cutting, 2021-2031F |
6.4.3 Maldives Grinding Wheels Market Revenues & Volume, By Surface Treatment, 2021-2031F |
6.5 Maldives Grinding Wheels Market, By End-use |
6.5.1 Overview and Analysis |
6.5.2 Maldives Grinding Wheels Market Revenues & Volume, By Construction, 2021-2031F |
6.5.3 Maldives Grinding Wheels Market Revenues & Volume, By Aerospace, 2021-2031F |
6.5.4 Maldives Grinding Wheels Market Revenues & Volume, By Automotive, 2021-2031F |
6.5.5 Maldives Grinding Wheels Market Revenues & Volume, By Medical, 2021-2031F |
6.5.6 Maldives Grinding Wheels Market Revenues & Volume, By Commercial Appliances, 2021-2031F |
6.5.7 Maldives Grinding Wheels Market Revenues & Volume, By Others, 2021-2031F |
6.6 Maldives Grinding Wheels Market, By Price |
6.6.1 Overview and Analysis |
6.6.2 Maldives Grinding Wheels Market Revenues & Volume, By Low, 2021-2031F |
6.6.3 Maldives Grinding Wheels Market Revenues & Volume, By Medium, 2021-2031F |
6.6.4 Maldives Grinding Wheels Market Revenues & Volume, By High, 2021-2031F |
6.7 Maldives Grinding Wheels Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Maldives Grinding Wheels Market Revenues & Volume, By Direct, 2021-2031F |
6.7.3 Maldives Grinding Wheels Market Revenues & Volume, By Indirect, 2021-2031F |
7 Maldives Grinding Wheels Market Import-Export Trade Statistics |
7.1 Maldives Grinding Wheels Market Export to Major Countries |
7.2 Maldives Grinding Wheels Market Imports from Major Countries |
8 Maldives Grinding Wheels Market Key Performance Indicators |
8.1 Average production efficiency of grinding wheel manufacturers in the Maldives. |
8.2 Rate of adoption of advanced grinding wheel technologies in local industries. |
8.3 Number of new construction projects utilizing grinding wheels in the Maldives. |
9 Maldives Grinding Wheels Market - Opportunity Assessment |
9.1 Maldives Grinding Wheels Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Grinding Wheels Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Maldives Grinding Wheels Market Opportunity Assessment, By Diameter, 2021 & 2031F |
9.4 Maldives Grinding Wheels Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.5 Maldives Grinding Wheels Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.6 Maldives Grinding Wheels Market Opportunity Assessment, By Price, 2021 & 2031F |
9.7 Maldives Grinding Wheels Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Maldives Grinding Wheels Market - Competitive Landscape |
10.1 Maldives Grinding Wheels Market Revenue Share, By Companies, 2024 |
10.2 Maldives Grinding Wheels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here