Floor Polishing Machine Market Research Report—Global Forecast till 2030

Floor Polishing Machine Market Research Report: Information by Operation (Manual, Semi-Automatic, Automatic), Floor Type (Carpet, Concrete, Stone, Wood, and Tile & Grout), Application (Residential and Commercial), Sales Channel (Offline, Online) and Region (North America, Asia-Pacific, Europe, South America, and the Middle East & Africa) —Forecast till 2030

ID: MRFR/IA - E/6857-CR | September 2022 | Region: Global | 100 Pages         

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Floor Polishing Machine Market

Floor Polishing Machine Market is expected to rise at a CAGR of 5.2%, with a value of USD 18,071.8 million over the forecasted year of 2022-2030

Segmentation
By Operation Manual Automatic Semi-Automatic Machines
By Floor Type Carpet Concrete Stone Wood Tile & Grout others
By Application Residential Commercial others
By Sales Channel Online Offline
Key Players
Companies Profiled   Alfred Kärcher GmbH & Co. KG (Germany)    Hako GmbH (Germany)    Nilfisk (Denmark)    Tennant Company (US)    Tornado Industries (US)    Minuteman International Inc. (US)    Clemas & Co Limited (UK)    Fimap S.p.A. (Italy)    Adiatek S.r.l. (Italy)    NSS Enterprises Inc. (US)    Denis Rawlins Limited (UK)    Kaivac Inc. (US)    KLindex (Italy)    Numatic International Ltd. (UK)    EUREKA S.p.A. Unipersonale (Italy)
Drivers
Market Driving Forces   Deployment of automation technology in floor polishing machines    Green cleaning technology    Growing demand for lightweight floor cleaning machines    Increasing investment for the development of autonomous mobile robot    Growing industrialization    Increasing retail service    Stringent government regulations regarding the level of cleanliness in industries
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The global floor polishing machine market is projected to register a CAGR of 5.2% and reach a value of USD 18,071.8 million by 2030.


Floor Polishing Machine Market Overview


Floor Polishing Machine are those floor cleaning and grinding machines that provides shining, sanding, smooth appearance and protection to floor of residential, commercial and industrial sectors. These machines enhance the cleaning, easy to operate, durable and reduce the time employed in cleaning and provide various benefits like increased lifespan of floor and protection against microbial attack and surface cracking. Floor polishing machines are equipped with brushes which may be either stationary or rotated, disks, tanks for chemical or water storage, and sprucing heads. The brushes used in these machines are made of natural bristle or dry grass and the chemical tanks have adjustable feeding rates.


Floor Polishing Machine Market COVID-19 Impact Analysis


Numerous industries throughout the world have been impacted by the COVID-19 epidemic. Since the COVID virus has spread, people are more aware of the value of keeping the surrounding clean, which has raised the demand for floor polishing machine. Demand for floor polishing machine during pandemic-induced lockdowns is anticipated to increase due to an increase in the usage of online channels for the purchase of floor polishing machine in hospitals, residential, commercial as well as others. Future market growth for floor polishing machine is anticipated to be supported by improved supply chain movement.


Floor Polishing Machine Market Dynamics


The global floor polishing machine market has witnessed a significant growth rate over the last few years and is projected to register a 5.2% CAGR during the forecast period. The growing construction activities performed across the globe has increased the demand of floor polishing machine owing to its various advantages such as saves time compared to traditional method of sweeping the floor manually serves as a major factor for the growth of the floor polishing market. For instance, according to IBEF, India is expected to become the world’s third largest construction market by 2022. In addition, India will require investment worth Rs 50 trillion across infrastructure by 2022 for a sustainable development in the country. Apart from this, the growing number of key players coming up with various innovations in the floor polishing market is expected to create huge opportunities which in turn would boost its market growth. As a part of this, in March 2021, the T16AMR Robotic Floor Scrubber was introduced by Tennant Company, a global pioneer in creating, producing, and marketing technologies to revolutionize how the world cleans. Larger facilities benefit greatly from industrial-grade autonomous scrubber. It permits regular, effective cleaning while lowering total cost of ownership because to its broader scrub path and larger tank capacity.


Drivers:



  • Growing Industrial Sector In The Apac Region


The growing industrial sector in the APAC region, has increased the demand of floor polishing machine in order to maintain cleanliness in the offices, which is likely to boost its market growth. For instance, according to IBEF, India is one of the fastest-growing markets for office spaces in the world, driven by rising demand for office rentals, emerging flexible office spaces and growing start-ups & IT sector in the country. According to JLL India, in the first six months of 2021 (January–June 2021), new supply of office spaces in India reached 25.11 million square feet (sq. ft.), an increase of 75% YoY, across major cities (Delhi-NCR, Mumbai, Bengaluru, Pune, Hyderabad and Chennai), due to improved confidence of realty companies for recovery of the workspace demand. According to the CBRE, flexible office space in India stood at 36 million sq. ft. in 2020 and is expected to grow at ~10-15% over the next three years (until 2023), driven by rising demand for hybrid space and expansion across cities. The businesses are also planning to access alternative work models to keep flexibility at workstations and improve business profitability. The report also revealed that the demand for physical office space is expected to increase in the coming years, driven by opportunity and availability of flexible office space offerings.


Restraint:



  • High Cost Of Autonomous Floor Polishing Machine


The high cost associated with the manufacture of autonomous floor polishing machine may limit Floor Polishing Machine Market in the upcoming years. For example, micro-controller, image sensing technique are used for achieving desired motion. Especially when different types of motions are involved the process become very much complicated and the need for different algorithm for optimum movement of the system. Automation is a great solution of this problem. Hence, to make an autonomous floor cleaning robot that operated by internet of things and Arduino Nano programming. Ultrasonic sensor is the most important component for autonomous floor cleaning robot because ultrasonic sensor works as eyes of robot. Ultrasonic sensor is useful for turning of robot by sensing the obstacle or wall. Sensing distance range of robot set by Arduino Nano programming. In this range robot sense the obstacle and turn back.


Opportunities:



  • Technological Advancement In Floor Polishing Machine


The growing innovations by major players coupled with the integration of robots embedded with AI technology in the floor polishing machine market is set to create huge opportunities for its market growth. For example, Sharp Corporation, launched a speech recognition AI engine which is included inside the cleaning robot RX-V100 to enable duties like reporting the robot's current condition through a combination of spoken messages and blinking LEDs. For instance, the RX-V100 responds with "All right" using AI speech when a user commands it to clean, and it "waggles" in response. The cleaning process then starts in automatic mode. Moreover, robotic vacuum cleaners from Bosch's Roxxter line use AI to create interactive maps of their surroundings. These robots can respond to voice commands sent to Alexa-enabled devices from Amazon. By telling Alexa, for instance, to relocate the home connect robot vacuum to the living room, a user can activate the Roxxter robot. The International Federation of Robotics reports that the U.S. service robot industry, which includes both industrial and domestic sectors, is a $5.2 billion market. It also estimates that home robots or household robots will contribute $11 billion in revenue by 2020.


Floor Polishing Machine Market Segment Overview


By Operation


Based on operation, Global Floor Polishing Machine Market has been bifurcated into manual, automatic, and semi-automatic. The semi-automatic segment accounted for the largest market share of 35.32% in 2021 whereas the automatic segment is likely to register the highest CAGR of 5.8% during the projected period.


By Floor Type


Based on floor type, global floor polishing machine market has been bifurcated into carpet, concrete, stone, wood, tile & grout and others. The Tile & grout segment accounted for a market share of 23.91% in 2021 whereas the concrete is likely to register the highest CAGR of 5.8% during the projected period.


By Application


Based on application, Global Floor Polishing Machine Market has been bifurcated into residential, commercial and others. The commercial segment accounted for a market share of 38.2% in 2021 whereas others is likely to register the highest CAGR of 5.8% during the projected period.


By Sales Channel


Based on sales channel, Global Floor Polishing Machine Market has been bifurcated into online and offline. The offline segment accounted for a market share of 88.31% in 2021 and is likely to register a CAGR of 5.2% during the projected period.


Global floor polishing machine market Share, by Region, 2020 (%)floor polishing machine market Share, by Region, 2020 (%)Sources: MRFR Analysis


Floor Polishing Machine Market Regional Analysis


By region, the global floor polishing machine market has been divided into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-PAcific accounted for the largest market share of 33.9% in 2021 and is likely to register a CAGR of 5.8% in the projected period. Europe was the second-largest market in 2021 and is projected to exhibit a CAGR of 5.3% during the review period. The market in North America is expected to register the highest CAGR of 4.7% during the forecast period.


Asia-Pacific


Asia-Pacific accounted for the largest market share of 33.9% of the gardening tools market in 2021. The regional market is expected to register a CAGR of 5.8% during the forecast period.The booming construction industry in the region has increased the demand of floor polishing machine which in turn would propel its market growth. For instance, according to the International Trade Administration, China is the world’s largest construction market and is forecasted to grow at an annual average of 8.6% between 2022 and 2030.Apart from this, the growing population in India is expected to increase the demand of residential construction, eventually requiring floor polishing machine for various purposes such as cleaning, polishing the floor and many more, which in turn would create huge opportunities for its market growth. For example, according to Invest India, by 2030, more than 40% of the population is expected to live in urban India, creating a demand for 25 Mn additional mid-end and affordable units. Moreover, government efforts to strengthen the residential sector is another factor fueling its market growth. For example, in February 2021, the first completed homes will be delivered by an Indian government fund established for 250 billion rupees ($3.5 billion) to finish


Europe


Europe accounted for 26.3% of the global floor polishing machine market in 2020 and is projected to expand at a 5.3% CAGR during the forecast period. Europe basically includes Germany, France, UK, Italy, and the rest of Europe are all included in the analysis of the European market. Europe continues to hold a significant share in the global floor polishing market, with enormous potential owing to the presence of major players in the region providing floor polishing machine to various end-users such as hospitals. For example, Karcher provides a wide range of products for cleaning such as the BDP 50/1500 ultra-high speed polishing machine usually ideal for floors which are subject to heavy traffic and features floating pad drive boards for uneven floors. In addition, the Kärcher system comprising of BRC 45/45 C carpet cleaning machine and iCapsol RM 768 detergent featuring 2-roller technology provides superb results and leaves floors dry enough to be reused after only 20 minutes. Besides, this the presence of large number of hospitals in the region is another factor propelling its market growth. As a part of this, as of October 2021, there are 1,229 hospitals in the UK. This number includes the NHS Trust-managed hospitals and the additional private hospitals that are currently in use. Several hospitals have closed since 2019 due to a variety of reasons, such as funding, staffing and the pandemic.


Floor Polishing Machine Market Competitive Landscape


The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a global reach and diverse product portfolios. Companies such as Nilfisk (Europe), Tennat Company (US), Tacony Corporation (US), Alfred Karcher SE & CO. KG (Germany) dominate the global market due to brand reputation, product differentiation, financial stability, and diversified regional presence.


Prominent players in the global floor polishing machine market include Nilfisk (Europe), Tennat Company (US), Tacony Corporation (US), Alfred Karcher SE & CO. KG (Germany), Clemas & Co Ltd (United Kingdom), Fimap SpA (Italy), Adiatek S.R.L (Italy), NSS Enterprises (US), Numatic International Limited (United Kingdom), Denis Rawlins Limited (England), Kaviac, Inc (US), Klindex (Italy), Eureka S.p.A (Italy), Minuteman International (US) and Hako Australia (Australia).


Recent Developments


Few developments that occurred in recent times influencing the market growth of gardening tools are listed below:



  • In Jan 2022, Tennant Company has introduced multi-use robotic solution for the first time for retailer’s segment. The inventory scan add-on the scrubber provides autonomous solutions to retailers


Floor Polishing Machine Market Scope of the Report


Global Floor Polishing Machine Market, by Operation



  • Manual

  • Automatic

  • Semi-Automatic


Global Floor Polishing Machine Market, by Floor Type



  • Carpet

  • Concrete

  • Stone

  • Wood

  • Tile & Grout


Global Floor Polishing Machine Market, by Application



  • Commercial

  • Residential


Global Floor Polishing Machine Market, by Sales Channel



  • Offline

  • Online


Global Floor Polishing Machine Market, by Region




  • North America

    • US

    • Canada

    • Mexico




  • Europe

    • UK

    • Germany

    • France

    • Spain

    • Italy

    • Belgium

    • Rest of Europe




  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Malaysia

    • Indonesia

    • Thailand

    • Rest of Asia-Pacific




  • South America

    • Brazil

    • Argentina

    • Rest of South America




  • Middle East & Africa

    • GCC Countries

    • South Africa

    • Rest of Middle East & Africa




Floor Polishing Machine Market - Intended Audience



  • Home Centers

  • Lawn & Garden Specialty Stores

  • National Retailers & Discount Stores

  • Hardware Stores

  • E-commerce



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 18,071.8 million
  CAGR   5.2%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Operation, Floor Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Alfred Kärcher GmbH & Co. KG (Germany), Hako GmbH (Germany), Nilfisk (Denmark), Tennant Company (US), Tornado Industries (US), Minuteman International Inc. (US), Clemas & Co Limited (UK), Fimap S.p.A. (Italy), Adiatek S.r.l. (Italy), NSS Enterprises, Inc. (US), Denis Rawlins Limited (UK), Kaivac, Inc. (US), KLindex (Italy), Numatic International Ltd. (UK), and EUREKA S.p.A. Unipersonale (Italy)
  Key Market Opportunities

  • Deployment of automation technology in floor polishing machines
  • Green cleaning technology
  • Growing demand for lightweight floor cleaning machines
  • Increasing investment for the development of autonomous mobile robot
  •   Key Market Drivers

  • Growing industrialization
  • Increasing retail service
  • Stringent government regulations regarding the level of cleanliness in industries


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    Frequently Asked Questions (FAQ) :

    The sales channels identified in the report are offline as well as online.

    France, Spain, Russia and Germany are generating the maximum revenue in the floor polishing machine market in Europe.

    Expanding construction industry all over the world, mounting adoption of automated floor polishing machine, strict government regulations pertaining to the cleanliness level in industries, rising number of retail service centers like D-mart and Wal-Mart, soaring demand for epoxy floor polishing machine, and surging industrialization are boosting the progress rate of the market for floor polishing machines.

    Top competitors in the worldwide market for floor polishing machine are NSS Enterprises, Inc. (US), Minuteman International Inc. (US), EUREKA S.p.A. Unipersonale (Italy) Tennant Company (US), Tornado Industries (US), Numatic International Ltd. (UK), KLindex (Italy), Clemas & Co Limited (UK), Nilfisk (Denmark), Adiatek S.r.l. (Italy), Denis Rawlins Limited (UK), Kaivac, Inc. (U.S), Fimap S.p.A. (Italy), Alfred Kärcher GmbH & Co. KG (Germany), Hako GmbH (Germany),

    The Middle East and Africa region market can attain a significant growth rate in the years to come, given the mounting demand for tile polishing machines as well as and granite floor polishing machines in the United Arab Emirates (UAE) as well as Dubai.