Floor Grinding Tool Market Analysis APAC, North America, Europe, Middle East and Africa, South America - China, US, India, Germany, Canada - Size and Forecast 2024-2028

Floor Grinding Tool Market Size 2024-2028

The floor grinding tool market size is forecast to increase by USD 31 million at a CAGR of 4.36% between 2023 and 2028.

• The market is experiencing significant growth due to several key trends. The global construction industry is expanding rapidly, leading to an increased demand for floor grinding tools. Additionally, urbanization is on the rise, resulting in a growing need for infrastructure development, renovation projects, and a rise in real estate demand to accommodate expanding populations. Furthermore, as disposable income increases, consumers are investing in home improvements, driving demand for floor grinding tools. However, the market faces challenges such as a shortage of skilled labor, which may impact the market's growth rate. Despite these challenges, the market is expected to continue its growth trajectory.

What will be the Size of the Floor Grinding Tool Market During the Forecast Period?

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• The market encompasses a range of machines designed for preparing and finishing concrete, granite, marble, and other surfaces. These tools, which include both rotating disks and single disks, are essential for retail stores, the construction sector, and commercial real estate, addressing needs such as surface repair, uneven joints, and enhancing the durability and attractiveness of floors.

• Technological advancements have led to innovations like vacuum features for improved dust collection, power adjustment features for versatility, the emergence of dry polishing as a popular segment in the market, and the incorporation of grease for smoother operation and reduced wear on equipment. The polishing segment, including both dry and wet polishing, continues to grow in demand due to the increasing importance of aesthetics in modern construction projects. Concrete floors, in particular, have gained significant attention due to their durability and versatility, making the market a dynamic and evolving one.

How is this Floor Grinding Tool Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application
  • Grinding
  • Honing
  • Polishing
  • Burnishing
• Type
  • Concrete
  • Wood
  • Marble
• Geography
  • APAC
    • China
    • India
  • North America
    • Canada
    • US
  • Europe
    • Germany
  • Middle East and Africa
  • South America

By Application Insights

• The grinding segment is estimated to witness significant growth during the forecast period.

The market encompasses the use of specialized equipment for smoothing and refining concrete floors in various applications. Grinding applications dominated the market in 2023 due to the process's ability to remove stains, coatings, and surface cracks, revealing a visually appealing and even surface. Floor grinding tools are essential for renovations, new residential structures, and commercial projects, enhancing both aesthetics and comfort. By reducing the need for additional materials like concrete and adhesives, as well as the byproducts used in manufacturing alternative flooring types, floor grinding is an eco-friendly and cost-effective solution for residential flooring. Floor grinding machines come in various designs, including those with vacuum features and dust collection systems, ensuring efficient and clean operation.

Furthermore, technological advancements have led to power adjustment features and the availability of different types of disks, such as coarse, single, dual, and quadrupole, catering to various grinding and polishing needs. The construction sector's growth, particularly in non-residential applications and infrastructure investments, fuels the market's expansion. Floor grinding tools are also used for surface repair, including uneven joints, and for polishing concrete floors through dry and wet methods. Dust extractors are integral to the process, ensuring a dust-free operation and reducing noise levels and pollution.

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The grinding segment was valued at USD 40.70 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 34% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in Asia Pacific (APAC) is experiencing significant growth due to increasing construction activities In the region. Countries like China, India, and Japan are major contributors to the market's expansion. Although China's economic slowdown has affected its construction sector, other countries such as Singapore, Hong Kong, Vietnam, and Malaysia are exhibiting strong growth. Government initiatives, including China's One Belt One Road Initiative and India's Make in India initiative, as well as Malaysia and Vietnam's five-year plans focusing on construction, are driving the region's construction growth. Floor grinding tools are essential for preparing and finishing various floor types, including concrete, granite, and marble.

Moreover, these tools are available in different types, such as floor grinding machines with vacuum features for dust collection and dust extractors for polishing applications. Technical developments include power adjustment features, burnishing applications, and the availability of rotating disks, single disks, dual disks, and quadrupole discs for coarse and fine grinding. The market caters to both wet and dry polishing segments, with dry polishing being more popular due to its simplicity and low noise level. The construction industry's growth and non-residential applications, such as retail stores and infrastructure investments, are key factors fueling the demand for floor grinding tools. High-quality, environmentally friendly grinders with dust-free operation and pollution decrease are increasingly preferred.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of Floor Grinding Tool Industry?

Rapid growth in the global construction industry is the key driver of the market.

• The market is significantly driven by the expansion of the construction industry, particularly In the non-residential sector. With infrastructure investments on the rise, the need for advanced floor grinding machines for applications such as concrete grinding, surface repair, and burnishing is increasing. These tools are essential for achieving aesthetically pleasing and durable concrete floors, which are increasingly in demand for commercial and industrial spaces. Floor grinding machines come in various types, including wet and dry floor grinders, single, dual, and quadrupole discs, and coarse disks for paint and glue removal. The polishing segment, which includes dry polishing and wet polishing, is a growing area of focus In the market.
• Technical development in floor grinding tools has led to power adjustment features, vacuum features for dust collection, and simple designs for ease of use. Environmentally friendly grinders with dust-free operation and low noise levels are also gaining popularity. The global construction industry's growth, driven by the residential and non-residential sectors, is fueling the demand for floor grinding tools. In Europe, countries like the Netherlands, Denmark, and Germany are expected to contribute significantly to the construction industry's growth. In North America, residential construction is the fastest-growing segment. Different flooring materials, such as concrete, granite, and marble, require specific floor grinding tools.

What are the market trends shaping the Floor Grinding Tool Industry?

Rapid urbanization and rising disposable income is the upcoming market trend.

• The market has witnessed significant growth due to the increasing demand for burnishing applications in retail stores and the construction sector. Floor grinding machines are essential tools for preparing and finishing concrete floors, including concrete grinding, dry polishing, and wet polishing segments. These tools come with various features such as power adjustment, vacuum, and dust collection, ensuring durability and attractiveness. Technical development in floor grinding machines includes the use of rotating disks, single disks, dual disks, and quadrupole discs for coarse paint removal and glue removal. Wet floor grinders and dry floor grinders are popular choices for different applications.
• The dry polishing segment dominates the market due to its simplicity and cost-effectiveness. Dust extractors are an essential accessory for floor grinding tools to ensure a dust-free operation, which is crucial for health and environmental reasons. The construction industry's growth, driven by infrastructure investments and non-residential applications, is a significant factor In the market's expansion. High-quality, environment-friendly grinders with low noise levels and pollution decrease are in high demand. These grinders cater to the increasing need for sustainable and efficient tools In the construction industry. The market's growth is expected to continue, driven by the increasing disposable incomes of consumers and rapid urbanization in developing countries.

What challenges does the Floor Grinding Tool Industry face during its growth?

Shortage of skilled labor is a key challenge affecting the industry growth.

• The Floor Grinding Tools market is experiencing significant growth due to the increasing demand for Concrete flooring applications In the Construction sector. Burnishing applications, such as Dry polishing and Wet polishing, are driving the Polishing segment of the market. Floor grinding machines with Dust collection and Vacuum features are gaining popularity due to their ability to minimize dust and improve air quality. Technical development in Power adjustment features and various types of disks, including Rotating disks, Single disks, Dual disks, and Quadrupole discs, are enhancing the attractiveness of these tools. The market is catering to the needs of various industries, including retail stores, by offering durable and high-quality Floor grinding machines for Surface repair of Concrete floors.
• The Dry polishing segment is expected to witness substantial growth due to its cost-effectiveness and ease of use. Dust extractors are becoming essential accessories for these machines to ensure efficient and environmentally friendly operation. The market is also focusing on creating grinders with dust-free operation, Low noise level, and Pollution decrease to cater to the increasing demand for eco-friendly products. The Construction industry growth, particularly in Non-residential applications and Infrastructure investments, is fueling the demand for Floor grinding tools. The market is also expanding to cater to the needs of various flooring materials, including Concrete, Granite, and Marble.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 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
• Tyrolit Schleifmittelwerke Swarovski KG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market encompasses a range of machinery designed to prepare and finish various types of floors, primarily concrete, for improved aesthetics and durability. These tools, which include burnishing machines, grinders, and polishers, cater to diverse applications within the construction sector. The market is driven by several factors. Technological advancements have led to the development of more efficient and effective tools, such as those with power adjustment features and vacuum systems for dust collection. The growing demand for attractive, long-lasting floors in both residential and non-residential applications is another significant factor, driving the use of concrete and adhesive solutions for enhanced durability and design flexibility. Concrete floors, a primary focus for floor grinding tools, are increasingly popular due to their durability and low maintenance requirements.

Consequently, the market for concrete grinding and polishing tools is experiencing significant growth. Wet polishing and dry polishing segments cater to different customer needs and preferences. Wet polishing is suitable for larger projects and provides a smoother finish, while dry polishing is more cost-effective and better for smaller areas. Floor grinding tools come in various designs and configurations, including those with rotating disks, single disks, dual disks, and quadrupole discs. These tools can be used for a range of applications, from paint and glue removal to surface repair, and are essential for addressing issues like uneven joints and maintaining the overall attractiveness of floors.

Furthermore, manufacturers prioritize the production of environmentally friendly grinders, focusing on dust-free operation and low noise levels to minimize pollution and improve working conditions within the construction industry. The industry's growth is further fueled by infrastructure investments and the increasing demand for non-residential applications. Granite and marble floors, in addition to concrete, are also popular applications for floor grinding tools. These materials require specialized tools and techniques for effective grinding and polishing, making the market for these tools diverse and dynamic.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the market growth of industry companies

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