May 09, 2022 06:38 ET | Source: Research and Markets Research and Markets
Dublin, May 09, 2022 (GLOBE NEWSWIRE) -- The "Floor Grinding Machines Market - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global floor grinding machines market size is projected to grow from USD 303 million in 2022 to USD 356 million by 2027, at a CAGR of 3.3% from 2022 to 2027.
Commercial sub-segment under the non-residential segment to be the fastest-growing end-user of floor grinding machines
The non-residential sector includes commercial and industrial spaces such as healthcare, education, hospitality, retail, office, and public buildings. The demand for floor grinding machines in this sector is expected to be driven by higher spending on office spaces and other commercial & institutional constructions and a focus on employee comfort. Floors of non-residential buildings need to withstand heavy foot traffic and heavy furniture load.
Application and surface preparation of appropriate flooring in non-residential structures helps reduce noise impact caused by footsteps and adds to the aesthetic value of the interior space. A growing number of business owners, general contractors, and commercial property managers are expanding their businesses with a keen focus on grinding projects. Floor grinding is advantageous for commercial spaces as it results in cost savings by using the slab on grade as the finished floor. It also reduces maintenance costs. Commercial spaces include shopping malls, educational institutions, hotels, restaurants, office spaces, retail stores, and healthcare facilities. A shift in flooring trends across the commercial sector is expected to increase the share of the non-residential segment in the floor grinding machines market. Concrete is preferred in flooring due to its affordability, esthetic look, ease of maintenance, and sustainability. Many manufacturers have promoted concrete as a green movement due to its high reflectivity, neutral impact on indoor air quality, and superior longevity. Furthermore, concrete aids manufacturers achieve LEED ratings for their organizations. Single-disc machine configuration to be the largest segment in the floor grinding machines during the forecast period
Single-disc floor grinders use one horizontally rotating disc for light grinding and polishing operations. These machines are balanced, light-weight, and produce less vibration during the grinding operation. The single grinding head allows all the machine's pressure to be distributed onto one diamond disc.
This makes the machine ideal for aggressive' grinding. Single-disc grinders cover ten to twelve "in one pass, with the rotation speed of a disc ranging from 250 to 3,000 revolutions per minute. Single disc grinders are easy to maneuver and transport due to their low weight. The centered pressure and long-lasting diamond tools make these machines perfect for removing old coatings and leveling floors simultaneously. Specialized stores segment to witness higher CAGR during the forecast period.
Consumer products are sold mainly through large retail chains. The manufacturer's retail customers, such as large DIY chains, are becoming larger and fewer in number, which gives them bargaining power. Several large retailers also source products marketed under their brands. Large retailers can display their products in more retail outlets in a wider geographical area. However, this also entails risks such as unsold inventory.
The failure to build or maintain strong supply relationships with DIY retailers can significantly negatively affect volumes and profitability. Conversely, successfully maintaining such customer relationships can lead to a greater dependence on fewer customers, with higher levels of trade receivables and credit risks related to these customers.
Moreover, any decline in the relative market success of a retailer with whom the manufacturer has a strong relationship can disproportionately negatively affect the brand. The retailers are taking several measures to reduce sales channel risks, including setting annual credit limits for customers. Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary
4. Premium Insights 4.1 Asia-Pacific to Grow at Significant Rate Due to Rapid Urbanization 4.2 Asia-Pacific: Floor Grinding Machines Market, by Machine Configuration and Countries 4.3 Floor Grinding Machines Market, by Floor Type 4.4 Floor Grinding Machines Market, by End-User 4.5 Floor Grinding Machines Market, by Machine Configuration 4.6 Floor Grinding Machines Market, by Distribution Channel 4.7 Floor Grinding Machines Market, by Key Countries
5. Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Durability, Ease of Functionality, and Enhanced Efficiency in Operations 5.2.1.2 Increasing Demand for Polished Concrete for Flooring Applications 5.2.2 Restraints 5.2.2.1 Volatile Prices of Raw Materials 5.2.3 Opportunities 5.2.3.1 Population Growth and Rapid Urbanization Translate to Large Number of Construction Projects 5.2.3.2 Rise in Demand for Remote-Controlled Floor Grinding Machines 5.2.4 Challenges 5.2.4.1 Health Concerns Associated with Floor Grinding Operations
6. Industry Trends 6.1 Porter's Five Forces Analysis 6.2 Supply Chain Analysis 6.2.1 Raw Material Manufacturers 6.2.1.1 Prominent Companies 6.2.1.2 Small & Medium Enterprises 6.2.2 Contractors/Service Providers 6.3 Ecosystem Mapping 6.4 Technology Analysis 6.5 Case Study Analysis 6.6 Pricing Analysis 6.6.1 Average Price of Floor Grinding Machines 6.7 Trade Analysis 6.8 Trends/Disruptions Impacting Customers' Business 6.9 Patent Analysis 6.9.1 Introduction 6.9.2 Methodology 6.9.3 Document Type 6.9.4 Publication Trends - Last 10 Years 6.9.5 Insights 6.9.6 Legal Status of Patents 6.9.7 Jurisdiction Analysis 6.9.8 Top Companies/Applicants 6.9.8.1 List of Patents 6.10 Key Conferences & Events in 2022-2023 6.11 Tariff and Regulations Regulatory Analysis 6.11.1 Osha (Occupational Safety and Health Administration) Standards for Cement and Concrete 6.11.2 European Union Standards for Silica Dust 6.11.3 Regulatory Bodies, Government Agencies, and Other Organizations
7. Floor Grinding Machines Market, by Floor Type 7.1 Introduction 7.2 Marble & Limestone 7.3 Concrete 7.4 Granite 7.5 Wood
8. Floor Grinding Machines Market, by Machine Configuration 8.1 Introduction 8.2 Single Disc 8.3 Tri & Quadruple Disc 8.4 Others
9. Floor Grinding Machines Market, by Application 9.1 Introduction 9.2 Grinding & Polishing 9.3 Removal 9.4 Buffing
10. Floor Grinding Machines Market, by Distribution Channel 10.1 Introduction 10.2 Direct 10.3 Specialized Stores
11. Floor Grinding Machines Market, by End-User 11.1 Introduction 11.2 Residential 11.2.1 Single Family 11.2.2 Multi Family 11.2.3 Others 11.3 Non-Residential 11.3.1 Commercial 11.3.2 Shopping Malls 11.3.3 Educational Institutions 11.3.4 Hotels and Restaurants 11.3.5 Office Space 11.3.6 Others 11.4 Industrial 11.4.1 Factories & Plants 11.4.2 Warehouses 11.4.3 Others
12. Floor Grinding Machines Market, by Region
13. Competitive Landscape 13.1 Overview 13.2 Strategies Adopted by Key Players 13.3 Market Ranking Analysis 13.3.1 Husqvarna Group 13.3.2 Sase Company, LLC 13.3.3 Terrco, Inc. 13.3.4 Achilli S.R.L 13.3.5 Klindex Srl 13.4 Market Share Analysis 13.5 Company Product Footprint Analysis 13.6 Company Evaluation Quadrant 13.6.1 Star 13.6.2 Emerging Leaders 13.6.3 Pervasive 13.7 SME Matrix, 2021 13.7.1 Progressive Companies 13.7.2 Responsive Companies 13.7.3 Dynamic Companies 13.7.4 Starting Blocks 13.8 Start-Up/SME Evaluation Quadrant 13.9 Competitive Scenario 13.9.1 Expansion & Acquisition
14. Company Profiles 14.1 Key Companies 14.1.1 Husqvarna Group 14.1.2 Achilli S.R.L 14.1.3 Werkmaster Grinders & Sanders Inc. 14.1.4 Sase Company, LLC 14.1.5 Klindex SRL 14.1.6 Linax Co. Ltd. 14.1.7 Terrco, Inc. 14.1.8 ASL Machines USA 14.1.9 Substrate Technology, Inc. 14.1.10 Shanghai Tuomei Machinery Auto Equipment Co. Ltd. 14.2 Other Companies 14.2.1 Fujian Xingyi Polishing Machine Co. Ltd 14.2.2 Scanmaskin Sverige Ab 14.2.3 Superabrasive Inc. 14.2.4 Schwamborn Gera?Tebau GmbH 14.2.5 Roll GmbH 14.2.6 Bartell Global 14.2.7 Dr. Schulze GmbH 14.2.8 Hangzhou Bycon Industry Co. Ltd. 14.2.9 Shaanxi Ronlon Machinery Co. Ltd 14.2.10 Mikea S.R.L. 14.2.11 Onfloor Technologies 14.2.12 Diamatic Usa 14.2.13 Phx Industries 14.2.14 Bimack S.R.L. 14.2.15 Warrior Equipment
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