March 28, 2020

Floor Grinding Machines Market will be growing at a CAGR of 4.1% during the forecast period from 2018 to 2026

According to a new market research report published by Credence Research “Floor Grinding Machines Market – Growth, Future Prospects and Competitive Analysis, 2018—2026”, the global market for floor grinding machines is set to expand with a CAGR of 4.1% over the forecast period from 2018 to 2026.

Market Insights

Floor grinding machines specifically designed to grind rough particles from the surface using abrasive materials, bound to form rotating wheels. These machines are usually equipped with advanced power adjustment features to manage the stress required by different floor types. Growing construction industry has been identified as one of the most important factors enabling the market for floor grinding machines to witness significant growth in the years to come.

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The global construction industry has witnessed the advancement of technology over the last few years. Key market manufacturers focus more on product innovation in order to maintain their competitive position in the global market for floor grinding machines. With advanced features and design, floor grinding machines have created an attraction for end-users. Robust construction, simple design, high quality and effective stress management are some of the factors responsible for boosting the growth of the market for floor grinding machines. 

Fast-growing economy coupled with rising population across different geographic regions, creating high demand for rapid urbanization and infrastructure construction and renovation. This has increased infrastructure spending by emerging economies such as Japan, India, and France, among others. Growing infrastructure spending from such economies has ensured market growth for floor grinding machines in the near future. Recently, 30 July 2018, the U.S. Secretary of State Mike Pompeo announced US$ 113 million in infrastructure spending in the Asia Pacific region. This initiative provides emerging nations with more growth opportunities while enhancing American interest in the Asia-Pacific region.

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Floor grinding machines market segmented based on equipment and abrasives. Increasing demand for rental construction equipment reported as one of the prime factors supplementing abrasives segment to witness growth in near future. Shorter life span of abrasives accounted for generating high demand for this segment in overall market for floor grinding machine. The life of floor grinding pads fluctuates based on floor type and speed of floor grinding machine among others. Growing construction industry coupled with increased demand for polished floors has set high demand for floor grinding machines. With high price and considerable demand, equipment segment pointed for generating notable revenue in overall floor grinding machines market.     

Some of the major players profiled in the floor grinding machines market report includes Blastrac NA, Inc., Terrco, Inc., HTC Floor Systems Ltd., Husqvarna AB, Klindex Srl, Linax Industries Pvt. Ltd., Shanghai Qiheng Machinery Co., Ltd., Fujian Xingyi Polishing Machine Co., Ltd., NSS Enterprises, Inc., National Flooring Equipment, Inc., Superabrasive, Inc., Achilli SRL, Stonekor, LLC, WerkMaster Grinders & Sanders, Inc., Kut-Rite Manufacturing Co. and others.

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 [Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Offering Segment

  • Equipment
  • Abrasives

By Abrasive Type Segment

  • Diamond
  • Carbide
  • Stone

By Mode of Operation Segment

  • Remote Controlled
  • Manual Operated
  • Handheld

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

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