"Global Floor Grinding Machine Market Overview"

Floor grinding machines specifically designed to grind rough particles from surface through utilization of abrasives, bounded to form rotating wheels. These machines are usually equipped with advanced power adjustment features to handle stress required by different floor types. Global floor grinding machines market was valued at US$ 424.7 Mn in 2017 and set to grow at a CAGR of 4.1% throughout the forecast period from 2018 to 2026.  Growing construction industry observed as one of the most prominent factors allowing floor grinding machines market to witness significant growth. Technological advancement in global construction industry has raised the demand for remote controlled machines in overall construction equipment market. Remote controlled floor grinding machines currently at high demand specifically from developed countries such as U.S., Germany, and U.K. among others.  Key players are focusing more on product innovation to maintain its competitive position in global market for floor grinding machines. With advanced features and design, remote controlled floor grinding machines has drawn more attention amongst end-users. Robust construction, simple design, high quality of result, cost-effectiveness along with effective stress management are some of the factors generating high demand for floor grinding machines.  

"Remote Controlled Floor Grinding Machines to Hold Notable Share throughout the Forecast Period"

Global floor grinding machines market expected to witness growth in demand for remote controlled floor grinding machines during the forecast period from 2018 to 2026. Product features such as smart and easy-to-use keypad with all relevant information, easy accessible hose connection, along with ergonomic adjustable steer, over voltage protection along with easy, effective and ergonomic operation are some of the factors creating attractiveness among end-users. Plug and grind technology of remote controlled floor grinding machine gives safer work environment and measurable increase in production with more consistent result. Increase in technology acceptance coupled with increasing adoption of smart systems has set remote control floor grinding machines market to witness growth in years to come. Key players are struggling to reduce the cost of these machines, which will further allow remote controlled segment to ensure growth. Remote controlled floor grinding machines manufacturers are increasingly engaging R&D activities to introduce cost-effective floor grinding machines in global market.

"Asia Pacific Dominates Global Floor Grinding Machines Market with more than 40% Market Share; North America Expected to Show Robust Progression"

Growing construction industry reported as one of the major factors generating high demand for floor grinding machines in Asia Pacific region. Developments in commercial, industrial as well as residential sectors further propelling the floor grinding machines market growth. Construction industry in Asia Pacific estimated to grow at an annual average of 4.1% from 2018 to 2026. Improving economic condition along with growing population has increased the construction activities in China and South Asia (specifically India). These factors are allowing China to hold highest share in overall floor grinding machines market in Asia Pacific region. Further, with technology advancement and growing residential construction activities in U.S., North America anticipated witnessing significant growth in years to come.        

Competitive Insight

Floor grinding machines market players are focusing more on launch of advanced and innovative equipment. This has increased the private investment in R&D activities to introduce advanced floor grinding machines in global market. Advancement of current equipment through integration of recent technologies observed as one of the highly adopted strategy in overall market for floor grinding machines. Currently, floor grinding machines market player are focusing to design software based floor grinding machines to serve changing need of construction industry. Key players in floor grinding machines market are further focusing on product design to provide ease of handling along with high power capacity. For instance, in April 2018, HTC Group launched entirely new grinder – DURATIQ 5. This new grinder has 75 new features including digital control panel to provide full control over grinder’s functionality and capacity, dustproof and hermetically sealed new grinding head along with effective energy efficient motor among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Floor Grinding Machines market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Floor Grinding Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Floor Grinding Machines market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Floor Grinding Machines market?
• Which is the largest regional market for Floor Grinding Machines market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Floor Grinding Machines market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Floor Grinding Machines market worldwide?