According to a new market research report published by Credence Research “Abrasives and Abrasive Machines Market Size (By Abrasive Type – Bonded, Flexible and Superabrasives: By Machine Type: Industrial and Hand-held: By End-use Industry– Automotive, Machine Tools and OEMs, Electronics and Semiconductors, Healthcare and Medical Devices and Others) - Growth, Future Prospects, Competitive Analysis and Forecast 2017 - 2025”, the global abrasives and abrasive machines market stood at US$ 23.1 Bn in 2016 and is estimated to expand with a CAGR of 6.0% from 2017 to 2025.
The complete report is available at http://www.credenceresearch.com/report/abrasives-and-abrasives-machines-market
Market Insights
Industrial manufacturing and processing includes an extensively wide array of processes requiring cutting and grinding operations. Due to rapidly growing competition across the sector, it has become necessary to ensure fast and precise processes so as to maintain optimum quality of the end-products. Thus, it becomes essential for the manufacturers to adopt viable solutions for specific operations in order to facilitate the required output. Numerous abrasive cutting and grinding processes require variety of abrasive products that may differ in shape, size and composition. This has been one of the most prominent factors responsible for the overall abrasives market growth. Over the period of time, abrasives have replaced traditional cutting processes leading to development of wide range of abrasive products. However, the major challenge for the market players is to select the composition of abrasive materials.
Market players are keen on providing abrasive solutions catering to the varied needs of industrial manufacturing and processing industry. Majority of the companies operating in the industry produce abrasive products designed to be applied to specific models of the machines/workpieces. This has gradually led to emergence of a variety of abrasive minerals, glues, backings, resins, matrix materials in different shapes and sizes, thereby leading to sustainable market growth.
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Competitive Insights:
One of the major trend observed in the market is the acquisition of other abrasive material manufacturers. This has been one of the most prevalent strategies adopted by the market players so as to ensure their competitive edge over other companies in the market. Leading companies such as Saint-Gobain SA and the 3M Company have a long history of acquisitions that has helped them gain a promising position in the overall market. Companies typically acquisition for expanding their product portfolio across different segments (such as superabrasives) and geographical reach. Due to increasing fragmentation in the market, the trend of inorganic expansion is projected to prevail throughout the forecast period.
Key Trends:
The complete report is available at http://www.credenceresearch.com/report/abrasives-and-abrasives-machines-market
Market Insights
Industrial manufacturing and processing includes an extensively wide array of processes requiring cutting and grinding operations. Due to rapidly growing competition across the sector, it has become necessary to ensure fast and precise processes so as to maintain optimum quality of the end-products. Thus, it becomes essential for the manufacturers to adopt viable solutions for specific operations in order to facilitate the required output. Numerous abrasive cutting and grinding processes require variety of abrasive products that may differ in shape, size and composition. This has been one of the most prominent factors responsible for the overall abrasives market growth. Over the period of time, abrasives have replaced traditional cutting processes leading to development of wide range of abrasive products. However, the major challenge for the market players is to select the composition of abrasive materials.
Market players are keen on providing abrasive solutions catering to the varied needs of industrial manufacturing and processing industry. Majority of the companies operating in the industry produce abrasive products designed to be applied to specific models of the machines/workpieces. This has gradually led to emergence of a variety of abrasive minerals, glues, backings, resins, matrix materials in different shapes and sizes, thereby leading to sustainable market growth.
Request Sample: http://www.credenceresearch.com/sample-request/58409
Competitive Insights:
One of the major trend observed in the market is the acquisition of other abrasive material manufacturers. This has been one of the most prevalent strategies adopted by the market players so as to ensure their competitive edge over other companies in the market. Leading companies such as Saint-Gobain SA and the 3M Company have a long history of acquisitions that has helped them gain a promising position in the overall market. Companies typically acquisition for expanding their product portfolio across different segments (such as superabrasives) and geographical reach. Due to increasing fragmentation in the market, the trend of inorganic expansion is projected to prevail throughout the forecast period.
Key Trends:
- Increasing adoption of superabrasives in order to achieve enhanced finishing and refined end-products
- Rising demand for hand-held polishing machines leading to higher demand for abrasives in the do-it-yourself (DIY) sector
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Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
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We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
