According to a new market research report published by Credence Research “Floor Grinding Machines Market (Offering – Equipment and Abrasives; Abrasive Type – Diamond, Carbide, Stone; Mode of Operation – Remote Controlled, Manual Operated, Handheld) Market – Growth, Future Prospects and Competitive Analysis, 2018—2026”, the worldwide market for floor grinding machines is set to grow with a CAGR of 4.1 per cent over the forecast period from 2018 to 2026.
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Floor grinding machines specifically intended to grind rough particles from the ground by abrasive use, bound to form rotating wheels. These machines are generally equipped with sophisticated energy adjustment characteristics to manage the stress needed by distinct floor kinds. 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.
The global construction industry has witnessed the development of technology over the last few years. Key industry companies focus more on product development in order to preserve their competitive position in the worldwide market for floor grinding machines. With sophisticated characteristics and design, floor grinding machines have developed an appeal for end-users. Robust building, easy design, high quality and efficient stress management are some of the variables responsible for boosting the development of the market for floor grinding machines.
Fast-growing economy combined with increasing population across distinct geographic areas, creating strong demand for fast urbanization and infrastructure development and refurbishment. This has boosted infrastructure expenditure by emerging economies such as Japan, India, and France, among others. Growing infrastructure expenditure from such economies has assured 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 expenditure in the Asia Pacific region. This initiative offers developing countries with more growth possibilities while enhancing American interest in the Asia-Pacific region.
Floor grinding machines market segmented on the basis of machinery and abrasives. Increased demand for rental construction equipment has been identified as one of the key variables supplementing the abrasive section to witness development in the near future. The shorter life span of the abrasive was responsible for creating strong demand for this section in the general market for floor grinding machines. The life of the floor grinding pads varies depending on the type of floor and the velocity of the floor grinding machine, among others. The growing construction industry, combined with enhanced demand for polished floors, has created a strong demand for floor grinding machines. With a high price and significant demand, the equipment segment indicated that it generated significant income in the general market for floor grinding machines.
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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.
By Offering Segment (2016—2026; US$ Mn)
By Abrasive Type Segment (2016—2026; US$ Mn)
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By Mode of Operation Segment (2016—2026; US$ Mn)
- Remote Controlled
- Manual Operated
By Geography Segment (2016–2026; US$ Mn)
- North America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America