Product Code: ETC025499 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Grinding Wheels and Abrasive Stones Market is projected to witness a CAGR of 8.7% during the forecast period (2025-2031). The growth in the market can be attributed to increasing investment from government for development activities, growing construction sector, rising focus on renewable energy projects, etc. Moreover, several emerging trends such as smart manufacturing solutions along with increasing use of automation will further bolster market growth over the next few years.
Government initiatives and programs are expected to drive major investments into various sectors throughout Saudi Arabia including transportation and communication infrastructure that require grinding wheels and abrasive stones for their efficient functioning. This is likely to propel demand within the region over the forecast period 2025-2031. The rising number of construction projects in line with rapid urbanization has increased demand for grinding wheels & abrasive stone products used extensively across numerous industries like ceramics industry, metalworking processes etc., thereby driving the sales volume of these tools significantly during this period.
High cost associated with grinding wheel & abrasive stones may restrain market growth during this forecast period 2025-2031 due to lack of affordability among end users from low income households or businesses which could impact sales revenue adversely in certain cases. Lack of skilled labor force might hamper effective utilization of advanced technologies related to usage of these tools thus limiting potential market growth opportunities available over long term basis..
The outbreak caused by Coronavirus has had an adverse effect on virtually every sector worldwide causing disruption in economic activity leading up till now which have included trade restrictions put forth by countries alongside social distancing measures being implemented all around creating significant downside risk factors posed upon grinders & abrasives markets globally including Saudi Arabia too potentially reducing exports/imports thus affecting manufacturers?? revenue streams negatively amidst lockdown scenarios arising currently . However , it remains largely uncertain how long it would take before normalcy resumes again given current situation hence its advisable companies adopt.
Major players operating in Saudi Arabia grinding wheels & abrasive stones industry include Abrasive Technology Inc., CGW Camel Grinding Wheels, Norton Abrasives, Noritake Co., Ltd., Saint Gobain Abrasives, Inc., Tyrolit Group, Carborundum Universal Limited (CUMI), Klingspor AG and Pacific Industries LLC.
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 Saudi Arabia Grinding Wheels and Abrasive Stones Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Grinding Wheels and Abrasive Stones Market - Industry Life Cycle |
3.4 Saudi Arabia Grinding Wheels and Abrasive Stones Market - Porter's Five Forces |
3.5 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Grinding Wheels and Abrasive Stones Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Grinding Wheels and Abrasive Stones Market Trends |
6 Saudi Arabia Grinding Wheels and Abrasive Stones Market, By Types |
6.1 Saudi Arabia Grinding Wheels and Abrasive Stones Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Grinding Wheels, 2021-2031F |
6.1.4 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Abrasive Stones , 2021-2031F |
6.2 Saudi Arabia Grinding Wheels and Abrasive Stones Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Transport Industry, 2021-2031F |
6.2.3 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Bearing & Machinery, 2021-2031F |
6.2.5 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Steel Industry, 2021-2031F |
6.2.6 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenues & Volume, By Other, 2021-2031F |
7 Saudi Arabia Grinding Wheels and Abrasive Stones Market Import-Export Trade Statistics |
7.1 Saudi Arabia Grinding Wheels and Abrasive Stones Market Export to Major Countries |
7.2 Saudi Arabia Grinding Wheels and Abrasive Stones Market Imports from Major Countries |
8 Saudi Arabia Grinding Wheels and Abrasive Stones Market Key Performance Indicators |
9 Saudi Arabia Grinding Wheels and Abrasive Stones Market - Opportunity Assessment |
9.1 Saudi Arabia Grinding Wheels and Abrasive Stones Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Grinding Wheels and Abrasive Stones Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Grinding Wheels and Abrasive Stones Market - Competitive Landscape |
10.1 Saudi Arabia Grinding Wheels and Abrasive Stones Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Grinding Wheels and Abrasive Stones Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |