Home Press Releases Floor Grinding Tools Market Size Worth $174.17 Million By 2030 | CAGR: 4.33%

Floor Grinding Tools Market Size Worth $174.17 Million By 2030 | CAGR: 4.33%

The global floor grinding tools market size is expected to reach USD 174.17 Million by 2030, according to a new study by Polaris Market Research. The report “Floor Grinding Tools Market Share, Size, Trends, Industry Analysis Report, By Application (Grinding, Honing, Polishing, Burnishing); By Floor Type (Concrete, Wood, Marble); By Polishing Type (Dry Polishing, Wet Polishing); By Region; Segment Forecast, 2022-2030″ gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The global market for floor grinding machines is anticipated to grow exponentially during the forecast period. The best power adjustment features are found in floor grinding machines. Different types of floors need these qualities to be able to handle tension. The rapidly growing construction sector, rapid technological improvement in the global construction industry, and rising industrial uses are expected to boost the market for floor grinding machines worldwide.

 

In addition, the number of renovation and house remodeling projects is rising worldwide. The improvement in consumer lives, the growing emphasis on home design, and government funding for such activities are the key factors driving this. The National Energy Efficiency Action Plan (NEEAP) in Europe aims to encourage investments in the remodeling of homes and businesses.

 

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Floor grinding machines increase the floor’s durability, enhance its aesthetic appeal, ensure a high-quality finish, and reduce stress. These factors are anticipated to lead to an expansion of the global market for floor grinding machines. However, the building, construction-related, and maintenance industries have all but ceased operations as a result of the global lockdown imposed by governments.

 

Floor Grinding Tools Market Report Highlights

  • The polishing segment is anticipated to grow at the highest CAGR. Polished concrete and marble are the preferred floorings in new buildings due to their durability, aesthetic appeal, ease of maintenance, and sustainability.
  • Concrete flooring accounted for the maximum of the global revenue share. In addition to enduring wear and stains, concrete is resistant to water, bacteria, and odors. It won’t scratch, is easy to clean, and can be customized. When used properly, concrete can also help reduce energy bills and contribute to good air quality.
  • In Asia-Pacific is expected to grow significantly during the projected period. Demand for housing units continues to be driven by the growth of the residential sector. The growth rate is expected to improve as their governments have plans to invest in infrastructure development through smart city projects. This will add momentum to the region’s construction industry.
  • Major players operating in the market include Fujian Xingyi Polishing Machines, Klindex, Levetec, Scanmaskin Sverige, Linax, Stonekor company, and Tyrolit Construction Products, Husqvarna, HTC Group, Blastrac, Klindex, Xingyi Polishing, Scanmaskin Sverige, Superabrasive, Linax, Terrco, ASL Machines, Substrate Technology, Shanghai Qing, and Weijie Environmental and others.

 

Polaris Market Research has segmented the floor grinding tools market report based on application, floor type, polishing type, and region:

 

Floor Grinding Tools, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Grinding
  • Honing
  • Polishing
  • Burnishing

Floor Grinding Tools, Floor Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Concrete
  • Wood
  • Marble

Floor Grinding Tools, Polishing Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Dry Polishing
  • Wet Polishing
  • Others

Floor Grinding Tools, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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