Floor Polishing Machine Market 2023 Along With Covid-19 Impact Analysis, Advancement And Outlook 2030
Floor Polishing Machine Market Overview:
As per Market Research Future (MRFR), the global floor
polishing machine industry size is expected
at a CAGR of 5.2% and reach a value of USD 18,071.8 million by
2030 (forecast period). The report describes the strengths, opportunities,
threats, and potential business risks and provides an accurate overview of the
global market situation under the influence of COVID-19.
A Floor Polishing Machine Market, also known as a
floor cleaning device or floor grinding machine, is used in the residential, industrial,
and commercial sectors. The floor polishing machine is quick, durable, and
precisely operated automatically or manually. They are fitted with infinitely
adjustable feed rates, cleaning and polishing head, buffing pads, scrubbing
pads, and brush, along with injecting water with cleaning solution. Maintenance
of these machines has a significant role to play in profitability.
Market Dynamics
Growing construction industry across the globe, the growing
adoption of automated floor polishing machines, strict government regulations
on the level of cleanliness in industry, rising retail service centers such as
Wal-Mart and D-mart, increasing demand for epoxy floor polishing machines, and
growing industrialization are anticipated to fuel the market for floor
polishing machines.
The high prices of automatic floor polishing machines, lack
of qualified operators, volatility in raw material prices, and lack of
electricity supply from developing countries are expected to impede the global
market's growth during the forecast period. Deployment of automation technology
in floor polishing machines, green cleaning technology, growing demand for
light floor cleaning machines, and increasing investment in the development of
autonomous mobile robots equipped with robotic navigation systems in developed
and developing countries are generating growth opportunities for the global
market.
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Market Segmentation
The global floor polishing machine market has been segmented
based on operation, floor type, application, and sales channel.
- Based
on operation, the global floor polishing machine market has been
segmented into manual, automatic, and semi-automatic machines.
- Based
on floor type, the global floor polishing machine market has been
segmented into carpet, concrete, stone, wood, tile & grout, and
others.
- Based
on application, the global floor polishing machine market has
been segmented into residential, commercial, and others.
- By
sales channel, the global floor polishing machine market has been
segmented into online and offline.
Regional Analysis
Region-wise, the global Floor Polish Market growth has been segmented
into four regions: North America, Europe, Asia Pacific, and the rest of the
world (RoW).
The Asia Pacific is projected to retain a substantial market
share during the forecast period due to the large consumer base and floor
polishing machine industries. Moreover, an increase in expenditure capacity, an
increase in urban population, an increase in demand for marble polishing
machines and concrete polishing machines, and an increase in industrialization
are likely to push market growth in the Asia Pacific region.
On the other hand, Europe is expected to see significant
growth due to strict government standards and rising demand for portable marble
polishing machines from Russia, Germany, Spain, and France. The North American
market is expanding due to the rapid growth of commercial and residential
structures and the increasing demand for wood floor polishing machines
throughout the United States and Canada. The rest of the world market is known
as the Middle East, Africa, and South America. The Middle East & Africa
region is projected to expand significantly over the forecast period due to the
growing demand for tile polishing machine and granite floor polishing machine
from UAE and Dubai.
Key Players
The industry giants in the global floor polishing machine
market include Alfred Kärcher GmbH & Co. KG (Germany), Tennant Company
(US), Hako GmbH (Germany), Nilfisk (Denmark), Clemas & Co Limited (UK), Tornado
Industries (US), Minuteman International Inc. (US), Fimap S.p.A. (Italy),
Adiatek S.r.l. (Italy), KLindex (Italy), NSS Enterprises, Inc. (US), Denis
Rawlins Limited (UK), Numatic International Ltd. (UK), Kaivac, Inc. (US), and
EUREKA S.p.A. Unipersonale (Italy).
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