Floor Grinding Machine Market Size Estimation, Growth Rate, and Future Trends Analysis, 2022
The developing countries like China and India are the major consumers of floor grinding machine in this region. 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.
floor grinding machine industry(firmenpresse) - 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.
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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