The latest research study “Global Floor Grinding Machine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global floor grinding machine market 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.
A floor grinding machine is specialized equipment used for grinding and polishing granite, marble and concrete floorings. It is widely used for repairing damaged surfaces, levelling uneven joints and increasing the durability of the floor. It also helps minimize dirt and moisture damage, remove inconsistencies and imperfect concrete, and restore old concrete to its original shape and form.
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 Market Trends and Drivers:
The market is primarily driven by rapid urbanization and significant growth of the construction industry. Besides this, floor grinding machines are environment-friendly, completely noiseless, dust-free and aid in decreasing pollution. As a result, malls and offices are rapidly adopting this machinery to eradicate the usage of paint and glue, and enhance their aesthetics, mechanical properties, and interiors. Moreover, the surging demand for remote-controlled floor grinding machines that are adjustable and effortless to operate is also escalating the demand for floor grinding machines. Furthermore, various initiatives undertaken by the governments of different nations that encourage smart infrastructure development are anticipated to drive the market further.
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|Floor Grinding Machine Market Report Scope|
|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|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Head Type, Mode of Operation, Application, End User and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
The report has been segmented the market into following categories:
Breakup by Head Type:
- One and Two Head
- Three and Four Head
Breakup by Mode of Operation:
- Remotely Controlled Grinders
- Manually Operated Grinders
- Handheld Grinders
Breakup by Application:
- Marble and Granite
Breakup by End User:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
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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Key Questions Answered in This Report:
- How has the global floor grinding machine market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global floor grinding machine market?
- What are the key regional markets?