According to the latest report by IMARC Group, titled “Floor Grinding Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global floor grinding machine market reached a value of US$ 258.5 Million in 2021. Floor grinding machines refer to hand-controlled industrial devices that are employed to polish hardwood, granite, concrete, and marble flooring. They are commercially available in single, dual, and quadrupole discs product types. These devices encompass regulating handles, wheel guard, vacuum hole, control panel, and abrasive pads at the bottom, which aid in grinding the surface. Floor grinding machines assist in removing the surface-level blemishes, finishing flat, cylindrical, or cone surfaces, expelling rough projections from castings, repairing damaged surfaces by preventing imperfections and rain damage, and making the floor attractive. As a result, floor grinding machines are extensively used by do-it-yourself (DIY) individuals and restoration professionals across the residential and commercial sectors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Floor Grinding Machine Trends:
The ongoing construction activities and the rising investments in renovation and infrastructural projects have facilitated the widespread adoption of floor grinding machines across the residential and commercial sectors to improve the aesthetics of the surface, which is primarily driving the market growth. This is further influenced by the growing user awareness regarding the multiple product benefits, such as ease of operability, enhanced efficiency, durability, excellent workability, and improved performance. In line with this, the increasing need for augmenting mechanical properties of the interior and restoring or maintaining floor compositions of malls, official spaces, and restaurants is supplementing the product demand. Additionally, the escalating environmental concerns have prompted manufacturers to engineer eco-friendly floor grinders to ensure the production of minimal noise and dust during the polishing procedure, which is acting as another growth-inducing factor. Moreover, the advent of adjustable and wireless remote-control floor grinding machines that enable the operator to perform safe floor construction operations is contributing to the market growth. Such technologies reduce the labor intensity of workers, improve floor construction efficiency and optimize the workforce. Other factors, such as rapid urbanization, the sudden shift toward polished concrete flooring, and continuous strategic collaborations amongst key players to engineer product variants with enhanced efficacy are creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 321.5 Million by 2027, growing at a CAGR of 3.45% during 2022-2027.
- On the basis of the head type, the market has been segregated into one and two, three and four head and others.
- Based on the mode of operation, the market has been classified into remote controlled, manually operated, and handheld grinders.
- On the basis of the application, the market has been segmented into marble and granite, concrete and others.
- Based on the end user, the market has been bifurcated into residential and non-residential.
- On a regional basis, the market has been segmented into North America (the United States
, and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
- The competitive landscape of the industry has also been examined, with some of the key players being Achilli S.r.l, Bartell Global Inc., Fujian Xingyi Polishing Machine Co.Ltd, HTC Group, Husqvarna AB, Klindex Srl, Levetec, Linax Co. Ltd., National Flooring Equipment, ROLL GmbH, Scanmaskin Sverige AB and Tyrolit Group.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter : @imarcglobal