What is Flap Discs Market?
The global flap discs market is expected to grow at a moderate pace during the forecast period, according to the AMA study. The rising demand for metal fabrication across different industries propelled by the rising production of automobiles, aircraft, and defense equipment is expected to be one of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Aluminum Oxide, Zircona Alumina, Ceramic Alumina and Others), by Application (Mining Operations, Tire Manufacturing, Equipment Manufacturing and Others) and major geographies with country level break-up.
3M (United States), BLUESHARK Abrasives Co., Ltd. (China), Camel Grinding Wheels (Israel), CIBO (United States), Deerfos (South Korea), Dronco GmbH (Germany), Henan Sanders Abrasives CO., Ltd. (China), Klingspor AG (Germany), Metabowerke GmbH (Germany), Rigo Abrasives Co., Ltd. (China), Saint-Gobain (France), Tyrolit (Austria), Weiler Abrasives Group (United States), Wurth Industry of Canada Ltd. (Canada) and Zhejiang Yida Abrasive Co.,Ltd (China) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Flap Discs market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Flap Discs market by Type, Application and Region.
On the basis of geography, the market of Flap Discs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Metal Fabrication Across Different Industries
- Increasing Usage of Metals Owingfg to Rising Aircraft & Automobile Production
- Increasing Automation Across Different Industries
- Increasing Adoption of Metal Alloys and Composite Materials Across Different Industries
- Industry 4.0 is Expected to Create Huge Opportunities for the Market Vendors During the Forecast Period
- Reduced Industrial Operations in the FY 2020 Leading to Economical Crisis Due to COVID-19 Pandemic
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Flap Discs
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the global flap discs market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
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