Global floor
grinding machine market is expected to grow at a significant CAGR in
the upcoming period as the scope and its applications are rising enormously
across the globe. Floor grinding machine is also termed as floor grinders are
easy, sturdy, and reliable to use machine fitted with a 1.5 hp single phase
motor. It comprises a foldable handle that allows it to be easily transported
in the trunk of the most vehicles. It is designed to polish concrete, marble,
granite, and another floor.
The factors that are playing a major role in
the growth of floor grinding machine market are cost-efficiency, high demand
from end-users, enhanced features and design, robust construction, and are
being environment-friendly. However, the presence of alternative technology may
restrain overall market growth in the years to come. The market is segmented based
on material type, mode of operation, end-user, and region.
Terrazzo, marble, concrete, and the other
material types could be explored in floor grinding machine in the forecast
period. The other material types comprise granite, natural stone, and wood. Three
and four-headed grinders, single and double-headed grinders, and other product
types that could be explored in floor grinding machine in the forecast period.
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Based on the mode of operation, manual
and remote control could classify floor grinding machine in the forecast
period. The remote control floor grinding machine accounted for the substantial
market share of floor grinding machine in 2017 and is estimated to lead the
overall market in the years to come. The reason could be simple to operate.
The market may be categorized based on
end-users like residential sector, industrial, commercial sector, and others
that could be explored in the forecast period. Industrial sector accounted for
the substantial market share of floor grinding machine and is estimated to lead
the overall market in the years to come. The reason behind the overall market
growth could be eco-friendly and cost-efficient and upsurges the toughness of
the floor. In addition, the commercial sector is estimated to grow at the
fastest pace in the years to come.
Globally, Asia Pacific accounted for
the significant market share of floor grinding machine and is estimated to lead
the overall market in the years to come. The reason behind the overall market
growth could be the growing manufacturers in this region, rapid urbanization,
rising infrastructure renovation and construction, and the rising demand from
end-users.
The developing countries like China
and India are the major consumers of floor grinding machine in this region.
North America and Europe are also estimated to have a positive influence on
future growth. North America is the second largest region with significant
market share. However, Europe is estimated to grow at the highest CAGR in the
forecast period. The key players of floor grinding machine market are Xingyi
Polishing, Bartell Global, Shanghai Qiheng Machinery Co. Ltd., HTC Group, DK
Holdings Ltd., National Flooring Equipment, Roll GmbH, EDCO, Samich, Klindex,
Achilli s.r.l., and ASL Machines. These players are concentrating on inorganic
growth to sustain themselves amidst fierce competition
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