According to the latest report by IMARC Group, title “Floor Grinding Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global floor grinding machine market size reached a value of US$ 258.5 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 321.5 Million by 2027, exhibiting a CAGR of 3.45% during 2022-2027.
Floor Grinding Machine Industry Outlook:
Floor grinding machines are industrial hand-operated equipment that polish flooring made from marble, granite, concrete, and hardwood. Some of their commercially available variants include single, dual, and quadrupole discs. These machines comprise a toolbox, control panel, regulating handle, wheel guard, power plug, vacuum hole, water witch, and abrasive pads. They help remove unevenness and flaws in concrete, eliminate dirt and moisture damage, and restore old concrete to its original form and shape. As a result, floor grinding machines are extensively used by do-it-yourself (DIY) individuals and restoration professionals in the residential and commercial sectors across the globe.
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Market Trends:
The global floor grinding machine market is primarily driven by ongoing construction activities and rising investments in renovation and infrastructural projects. Moreover, the increasing consumer awareness regarding the numerous product benefits, including its ease of use, effectiveness, durability, superior workability, and improved performance, is positively influencing the market growth.
Additionally, the introduction of eco-friendly floor grinders to ensure minimum noise and dust during the polishing process due to rising environmental concerns is another major growth-inducing factor. Besides this, the growing need for enhancing the interior mechanical qualities and restoring or maintaining the floor compositions of restaurants, offices, and shopping centers has augmented the product demand.
Furthermore, the development of wireless, remote-controlled, and adjustable floor grinding machines that allow operators to perform safe floor construction activities is contributing to the market growth. Other factors, including the rising collaborations among key players, shifting inclination toward polished concrete flooring, and rapid urbanization, are also anticipated to propel the market growth.
| Floor Grinding Machine Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 258.5 Million |
| Market forecast in 2027 | US$ 321.5 Million |
| Growth Rate | CAGR of 3.45% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Head Type, Mode of Operation, Application, End User and Region |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Head Type:
- One and Two Head
- Three and Four Head
- Others
Breakup by Mode of Operation:
- Remotely Controlled Grinders
- Manually Operated Grinders
- Handheld Grinders
Breakup by Application:
- Marble and Granite
- Concrete
- Others
Breakup by End User:
- Residential
- Non-Residential
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are 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.
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About IMARC 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.
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