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 global floor grinding machines market is set to expand with a CAGR 4.1% throughout the forecast period from 2018 to 2026.
Floor grinding machines specifically designed to grind rough particles from surface by utilization of abrasives, bounded to form rotating wheels. These machines are usually provided with advanced power adjustment features to handle stress required by different floor types. Growing construction industry observed as one of the most prominent factors allowing floor grinding machines market to witness significant growth in years to come.
Global construction industry witnessing technology advancement from past few years. Key market manufacturers are focusing more on product innovation to maintain their competitive position in global market for floor grinding machines. With advanced features and design, floor grinding machines have created an attraction among end-users. Robust construction, simple design, high quality along with effective stress management are some of the factors responsible to further propel the growth of floor grinding machines market.
Fast growing economy coupled with rising population across different geographic regions creating high demand for rapid urbanization and infrastructure construction & renovation. This has increased the infrastructure spending from emerging economies such as Japan, India, and France among others. Growing infrastructure spending from such economies has ensured floor grinding machines market growth in near future. Recently, on 30 July 2018, U.S. Secretary of State Mike Pompeo announced the infrastructure spending of US$ 113 Mn in Asia Pacific region. This initiative provides emerging nations with more growth opportunities while reinforcing American interest in Asia Pacific region.
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.
Browse the full report at https://www.credenceresearch.com/report/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.