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

Floor grinding machines specifically designed to grind rough particles from surface through utilization of abrasives, bounded to form rotating wheels. These machines are usually equipped with advanced power adjustment features to handle stress required by different floor types. Global floor grinding machines market was valued at US$ 424.7 Mn in 2017 and set to grow at a CAGR of 4.1% throughout the forecast period from 2018 to 2026.  Growing construction industry observed as one of the most prominent factors allowing floor grinding machines market to witness significant growth. 

Technological advancement in global construction industry has raised the demand for remote controlled machines in overall construction equipment market. Remote controlled floor grinding machines currently at high demand specifically from developed countries such as U.S., Germany, and U.K. among others.  Key players are focusing more on product innovation to maintain its competitive position in global market for floor grinding machines. With advanced features and design, remote controlled floor grinding machines has drawn more attention amongst end-users. Robust construction, simple design, high quality of result, cost-effectiveness along with effective stress management are some of the factors generating high demand for floor grinding machines.  

"Remote Controlled Floor Grinding Machines to Hold Notable Share throughout the Forecast Period"

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

"Asia Pacific Dominates Global Floor Grinding Machines Market with more than 40% Market Share; North America Expected to Show Robust Progression"

Growing construction industry reported as one of the major factors generating high demand for floor grinding machines in Asia Pacific region. Developments in commercial, industrial as well as residential sectors further propelling the floor grinding machines market growth. Construction industry in Asia Pacific estimated to grow at an annual average of 4.1% from 2018 to 2026. Improving economic condition along with growing population has increased the construction activities in China and South Asia (specifically India). These factors are allowing China to hold highest share in overall floor grinding machines market in Asia Pacific region. Further, with technology advancement and growing residential construction activities in U.S., North America anticipated witnessing significant growth in years to come.        

Competitive Insight

Floor grinding machines market players are focusing more on launch of advanced and innovative equipment. This has increased the private investment in R&D activities to introduce advanced floor grinding machines in global market. Advancement of current equipment through integration of recent technologies observed as one of the highly adopted strategy in overall market for floor grinding machines. Currently, floor grinding machines market player are focusing to design software based floor grinding machines to serve changing need of construction industry. Key players in 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 entirely new grinder – DURATIQ 5. This new grinder has 75 new features including digital control panel to provide full control over grinder’s functionality and capacity, dustproof and hermetically sealed new grinding head along with effective energy efficient motor among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments 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 global floor grinding machines market based on offering, abrasive type, mode of operation and geography. Key segments covered in the report are as follows: