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Global Floor Grinding Machines Market to Grow at a CAGR of 3.40% During 2022-2027, Driven by the Growth in Construction Activities in Developing Nations

According to a new report by EMR titled, ‘Global Floor Grinding Machines Market Report and Forecast 2022-2027’, the market attained a value of about USD 284.1 million in 2021. The industry is further expected to grow at a CAGR of 3.40% in the forecast period of 2022-2027 to reach a value of nearly USD 347.2 million by 2027.

The Asia Pacific region is anticipated to hold a significant share in the global market for floor grinding machines. This can be ascribed to the strong market presence of a manufacturing base in China, making the country one of the most significant exporters of the machinery. However, due to the COVID-19 pandemic and the resultant disruptions in the supply chain and limitations on construction activities, the market growth remained restricted during the historical period. Moreover, the rapid industrial development in the form of construction of offices, shopping complexes, airports, and hospitals, among others, in developing countries of the Asia Pacific region like India and China are invigorating the demand for floor grinding machines in order to offer a smooth coating to the floors. Besides, the growth in residential construction and re-construction projects are also propelling the demand for floor grinding machines in the region. Furthermore, the market growth is expected to be driven by product developments, such as expanded lifespan, multiple applications, and reduced prices, among others.

HTC Professional Floor Systems, a subsidiary of Husqvarna Group (STO: HUSQ-B), had recently launched propane driver floor grinders in February 2020. The newly launched DURATIQ XP6 is a propane drive, four head planetary grinder with an entirely new standard for reliability, precision, and control within floor grinding with dust proof, hermetically sealed grinding head. The electronic fuel injection reduces the risk of freezing, whereas the exhaust catalyst makes for low emission. Such developments by leading market players are propelling the growth of the market.

Market Analysis by Head Type, Application, End-User, and Region:

  • Based on head type, the market can be categorised into one and two head, and three and four head, among others.
  • On the basis of application, the market can be segmented into marble and granite, and concrete, among others.
  • The market, based on end-user, can be divided into residential and non-residential.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the active use of floor grinding machines to smoothen, straighten, and increase the durability of marble, granite, and concrete floors.
  • The growth of the market can be associated with the flourishing construction industry on account of rapid industrialisation and urbanisation in developed and developing nations.
  • On the basis of application, the concrete floor segment is expected to hold a significant share in the global market due to the commonality of concrete floors in residential construction.
  • The market witnessed restricted growth during the historical period owing to pandemic induced restrictions on international exports and construction projects.

Key Offerings of the Report:

  • The EMR report gives an overview of the global floor grinding machines industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for head types, applications, end-users, and major regions of floor grinding machines.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global floor grinding machines market are Achilli S.r.l., Fujian Xingyi Polishing Machine Co., Ltd., Husqvarna AB, Klindex S.r.l., and Tyrolit Construction Products Gmbh, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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