Floor Grinding Machines Market By Offering (Equipment, Abrasives), By Abrasive Type (Diamond, Carbide, Stone), By Mode Of Operation (Remote Controlled, Manual Operated, Handheld) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Overview of the Global Floor Grinding Machine Market

Floor grinding machines are specifically designed to remove rough particles from surfaces through the utilization of abrasives bound to rotating wheels. These machines are usually equipped with advanced power adjustment features to handle the stress required by different floor types. The global floor grinding machines market was valued at US$ 424.7 million in 2017 and is expected to grow at a CAGR of 4.1% from 2018 to 2026. One of the most important factors allowing the floor grinding machine market to grow significantly is the growing construction industry. Technological advancement in the global construction industry has raised the demand for remote-controlled machines in the overall construction equipment market. Remote-controlled floor grinding machines are currently in high demand, specifically from developed countries such as the U.S., Germany, and the U.K., among others. Key players are focusing more on product innovation to maintain their competitive position in the global market for floor grinding machines. With advanced features and design, remote-controlled floor grinding machines have drawn more attention amongst end-users. Robust construction, simple design, high-quality result, cost-effectiveness, and effective stress management are some of the factors generating high demand for floor grinding machines.

Market Snapshot

Remote-controlled floor grinding machines will maintain a significant market share throughout the forecast period.

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

Asia Pacific dominates the global floor grinding machines market with more than 40% market share; North America is expected to show robust progress.

The growing construction industry is reported as one of the major factors generating high demand for floor grinding machines in the Asia Pacific region. Developments in the commercial, industrial, as well as residential sectors further propel the floor grinding machines market's growth. The construction industry in Asia Pacific is estimated to grow at an annual average rate of 4.1% from 2018 to 2026. Improving economic conditions along with a growing population have increased construction activities in China and South Asia (specifically India). These factors are allowing China to hold the highest share in the overall floor grinding machine market in the Asia Pacific region. Furthermore, with technological advancements and rising residential construction activity in the United States, North America is expected to see significant growth in the coming years.

Competitive Insight

Floor grinding machine market players are focusing more on the launch of advanced and innovative equipment. This has increased private investment in R&D activities to introduce advanced floor grinding machines into the global market. Advancement of current equipment through the integration of recent technologies has been observed as one of the most widely adopted strategies in the overall market for floor grinding machines. Currently, floor grinding machine market players are focusing on designing software-based floor grinding machines to serve the changing needs of the construction industry. Key players in the 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 an entirely new grinder, the Duratim Q5. This new grinder has 75 new features, including a digital control panel to provide full control over the grinder's functionality and capacity, a dustproof and hermetically sealed new grinding head, and an effective energy-efficient motor, among others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments   

The floor grinding machines market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global floor grinding machines market based on offering, abrasive type, mode of operation, and geography. 

Key questions are answered in this report.

  • What was the market size of floor grinding machines in 2017, and what is the forecast up to 2026?
  • Which is the largest regional market for floor grinding machines?
  • What are the key market trends observed in the floor grinding machine market?
  • Which is the most promising offering segment in the floor grinding machine market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?

This report's distinct data points

  • Statistics on the adoption of floor grinding machines by abrasive type segment per region
  • Statistics on construction industry growth across different geographic regions
  • The market size for floor grinding machines has been calculated based on concrete parameters, including the adoption of these machines across all geographies.
  • In addition, changing dynamics in the construction industry across different geographies have been considered for estimating the growth rate and forecast market size.
  • Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)

Frequently Asked Questions:

The market for Floor Grinding Machines Market is expected to reach US$ 424.7 Mn 2026.

The Floor Grinding Machines Market is expected to see significant CAGR growth over the coming years, at 4.1%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

HTC Floor Systems Ltd. 90, Terrco, Inc. 92, Shanghai Qiheng Machinery Co., Ltd. 102, NSS Enterprises, Inc. 106, are some of the major players in the global market.

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Published Date:  Sep 2018
Category:  Automation & Process Control
Report ID:   59321
Report Format:   PDF
Pages:   120
Rating:    4.1 (49)
Delivery Time: 24 Hours to 48 Hours   
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