Market Size –
The floor polishing machine market size has grown strongly in recent years. It will grow from $15.12 billion in 2023 to $15.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to construction and real estate boom, increased renovation and remodeling activities, industrial and commercial spaces, flooring material diversity, health and safety regulations.
The floor polishing machine market size is expected to see strong growth in the next few years. It will grow to $19.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to eco-friendly polishing solutions, health and hygiene concerns, aging infrastructure, specialty flooring, urbanization and high-rise buildings. Major trends in the forecast period include smart and automated floor polishing, floor surface analysis and quality assurance, specialty applications, labor-saving robotics, technological advancements.
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Scope Of Floor Polishing Machine Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Floor Polishing Machine Market Overview
Market Drivers –
The growing construction industry is expected to propel the growth of the floor polishing machine market going forward. The construction industry is a branch of manufacturing and trade based on building, maintaining, and repairing structures. This includes drilling, solid mineral exploration, and floor polishing, among others. In construction and building facilities, floor polishing machines are used for infrastructure repairs and restoration. For instance, according to ICE (Institution of Civil Engineers), a UK-based company that promotes civil engineering projects, the global construction market size is expected to grow to $8 trillion by 2030. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the growing construction industry is driving the growth of the floor polishing machine market.
The floor polishing machine market covered in this report is segmented –
1) By Floor Type: Carpet, Concrete, Stone, Wood, Tile and Grout, Other Floor Types
2) By Operation Type: Manual, Automatic, Semi Automatic
3) By Sales Channel: Online, Offline
4) By Application: Residential, Commercial, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the floor polishing machine market in 2023. The regions covered in the floor polishing machine market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the floor polishing machine market include Alfred Karcher GmbH & Co. KG, Tennant Company, Hako GmbH, Nilfisk Group, Clemas & Co. Ltd., Tornado Industries Inc., Denis Rawlins Limited, Eureka S.p.A., Minuteman International Inc., Fimap S.p.A., Klindex S.r.l, Bortex Industries Inc., Garg Machines, Wiese USA, New Age Cleaning Solutions LLC, Diamatic USA, Scanmaskin Sverige AB, Onfloor Technologies LLC, Terrco Inc., SASE Company LLC, Concrete Polishing Solutions, Klindex America Corp., CleanFreak, Betco Corporation, Mercury Floor Machines, Koblenz Electrica S.A., BISSELL Homecare Inc., Achilli S.r.l., Xtreme Polishing Systems Supply, Fujian Xingyi Polishing Machine Co. Ltd, Aztec Products Inc., Stonekor LLC
Table of Contents
1. Executive Summary
2. Floor Polishing Machine Market Report Structure
3. Floor Polishing Machine Market Trends And Strategies
4. Floor Polishing Machine Market – Macro Economic Scenario
5. Floor Polishing Machine Market Size And Growth
…..
27. Floor Polishing Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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