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The floor grinding tool market size is estimated to grow by USD 33.43 million at a CAGR (Compound Annual Growth Rate) of 4.86% between 2022 and 2027. The market experiences robust growth driven by several key factors. Firstly, the rapid expansion of the global construction industry fuels the demand for floor grinding tools, as construction projects require efficient and precise surface preparation. Secondly, changing flooring requirements in key industries, such as manufacturing, retail, and hospitality, drive the need for specialized grinding tools to meet specific flooring specifications. Additionally, there is a notable increase in renovations and remodeling activities across residential and commercial sectors, further boosting the demand for floor grinding tools to refurbish existing surfaces. These factors collectively contribute to the growth and expansion of the market, driving innovation and development in the industry.
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This report extensively covers market segmentation by application (grinding, honing, polishing, and burnishing), type (concrete, wood, and marble), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The grinding segment will account for a major share of the market's growth during the forecast period.?Floor grinding is considered the process of smoothing uneven floor surfaces. The grinding tool is fixed with a diamond to make the rough surface smooth during grinding. All surface stains, coatings, and cracks are removed, apart from the top layer of concrete. Floor grinding machines are used for various floor coverings in residential and commercial constructions.
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The grinding segment was valued at USD 39.27 million in 2017 and continued to grow until 2021.?Floor grinding tools are used in renovation, new residential construction, and remodeling projects to improve visual appearance and provide comfort. Grinding concrete slabs reduce the use of redundant materials such as concrete and binders, in addition to the by-products used to make carpets, tiles, and wooden floors, making it an alternative and suitable for residential floors. These factors will fuel the growth of the grinding segment of the market during the forecast period.
Based on type, the market has been segmented into concrete, wood, and marble. The concrete?segment will account for the largest share of this segment.?Concrete grinding is the use of abrasive tools to smooth the substrate floor. Concrete floors are becoming increasingly popular in the design of residential and commercial buildings due to their outstanding performance characteristics and workability. Key factors driving the growth of the concrete segment include increased operational efficiency, ease of use, and durability of concrete floor grinders. Furthermore, market players are adding new features to the concrete grinding tool portfolio, such as the ability to work across a wide variety of floor designs and compositions, extended service life, and the approach of the building developer through targeted channel marketing to maintain market share. Hence, these factors will stimulate the growth of the segment during the forecast period.
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APAC is estimated to contribute 41% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The growth of the residential and commercial construction sector in emerging countries has helped the APAC region to gain the highest share of the market. China, India, and Japan are among the major contributors to the APAC market. Southeast Asian countries such as Singapore, Hong Kong, Vietnam, and Malaysia also have great potential for rapid growth in the construction sector.
Moreover, the APAC market is driven by inelastic floor grinding machines such as concrete, wood, and marble. The durability of these floor grinders and their compatibility with weather conditions increase their preference. Elastomer and carpet products are considered premium products in many APAC countries, making them a niche segment. Rapid growth in construction activity and increasing awareness of innovative floor grinding tools will be the key drivers for the growth of the market during the forecast period.
The market is experiencing substantial growth driven by several factors. With a rising focus on sustainability, there's an increasing demand for floor grinding tools in green and energy-efficient buildings, along with the development of new residential and commercial spaces. Consumers' preferences for interior decor and home furnishings, including rugs and floor coverings, also contribute to market growth. Contractors are adopting environmentally responsible practices in line with initiatives such as the National Energy Efficiency Action Plan (NEEAP) supported by organizations like the International Grooving & Grinding Association (IGGA). This trend is prominent across regions like Asia Pacific, South Africa, Brazil, the US, Argentina, Mexico, Eastern Europe, and Middle Eastern countries, where non-residential and industrial construction activities are driving demand for floor grinding tools.
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The construction industry has grown significantly since 2009. For example, the construction industry in Europe has seen its strongest growth in 2018 since 2006, at 3.5%. The main contributor to this growth has come from the housing sector, with real estate investments in Europe constantly growing. The Netherlands, Denmark, and Germany are expected to be the main contributors to the growth of the construction industry in Europe.
Furthermore, in APAC, China, Indonesia, and India are the fastest-growing construction markets. Much of the growth was driven by residential construction. The Indian government dedicates substantial funds to affordable housing under the management of the National Housing Bank. The growth of the global construction industry will positively affect the market during the forecast period.
Consumer disposable income and rapid urbanization have led to increased economic development in India, Vietnam, Malaysia, China, and Qatar. Raised income has led to an increase in people's purchasing power. The increased purchasing power of the population will increase spending on residential and non-residential infrastructure, which will support growth in the global construction sector, which is expected to be a positive trend for the market.
Moreover, the growing global population is supporting the growth of the global construction market. According to the World Bank Group, the global urban population has grown from 7.59 billion in 2018 to 7.67 billion in 2019. By 2050, an additional two billion people are expected to live in urban and semi-urban areas, the majority of them in the APAC and MEA regions. Therefore, the demand for both residential and non-residential projects is expected to increase in these areas, which will increase the demand for tools during the forecast period.
The lack of vocational training for the production of flooring and the labor demand to meet the growth of the construction industry has exacerbated the shortage of skilled labor in the industry. Major market players are investing heavily in technology and automation to reduce their reliance on human labor. Even so, the shortage of skilled labor creates the difference between demand and assigned delivered output.
Additionally, this is particularly relevant for emerging markets such as Asia, where skilled employment rates are low. Rapid economic growth in Asian countries has resulted in rising labor costs in these markets. Therefore, the imbalance between labor shortage and rapid growth in the construction industry will become the main factor that will impede the growth of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACHILLI S r l: The company offers floor grinding such as Universal 1 phase floor grinding LM30 V, Universal floor grinder MEC7 VE.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ASL Machines, Bimack s r l, Blastrac BV, Dr. Schulze GmbH, Fujian Xingyi Polishing Machine Co. Ltd., Husqvarna AB, Klindex S r l, Levetec, Linax Co. ltd., PHX Industries, Roll Gmbh, SASE Company LLC, Scanmaskin Sverige AB, Shanghai Tuomei Machinery Auto Equipment Co. Ltd., Substrate Technology Inc., Superabrasive Inc, and Tyrolit Schleifmittelwerke Swarovski KG
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market is witnessing significant growth due to various factors. With the increasing emphasis on green and energy-efficient buildings, coupled with the development of new residential and commercial spaces, the demand for tools has surged. Renovation and remodeling activities, driven by consumer preferences for home decor and interior furnishings, further contribute to market expansion. Government support, such as the National Energy Efficiency Action Plan (NEEAP), encourages environmentally responsible practices in infrastructure spending. Additionally, initiatives like the Slurry Best Management Practices (BMP) guide by organizations like the International Grooving & Grinding Association (IGGA) promote sustainable grinding applications. These trends are particularly pronounced in regions like Asia Pacific, Mexico, Eastern Europe, and Middle Eastern countries, reflecting growth opportunities in both residential and industrial construction sectors.
The market growth analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Floor Grinding Tool Market Scope |
|
Market Report Coverage |
Details |
Page number |
150 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.86% |
Market growth 2023-2027 |
USD 33.43 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.5 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 41% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ACHILLI S r l, ASL Machines, Bimack s r l, Blastrac BV, Dr. Schulze GmbH, Fujian Xingyi Polishing Machine Co. Ltd., Husqvarna AB, Klindex S r l, Levetec, Linax Co. ltd., PHX Industries, Roll Gmbh, SASE Company LLC, Scanmaskin Sverige AB, Shanghai Tuomei Machinery Auto Equipment Co. Ltd., Substrate Technology Inc., Superabrasive Inc, and Tyrolit Schleifmittelwerke Swarovski KG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market research and growth report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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