ID: MRFR/IA - E/6857-HCR | February 2021 | Region: Global | 100 pages
Floor polishing machine, also called a floor cleaning device or floor grinding machine, is used in the residential, commercial, and industrial sectors. Floor polishing machine is quick, durable, and precisely operated automatically or manually. They are equipped with infinitely adjustable feed rates, cleaning & polishing head, buffing pads, scrubbing pads, and brush along with injecting water with cleaning solution. The maintenance of these machines plays a significant role in profitability.
Growing construction industry around the globe, the growing adoption of automated floor polishing machine, stringent government regulations regarding the level of cleanliness in industries, increasing retail service centers such as Wal-Mart and D-mart, rising demand for epoxy floor polishing machine, and growing industrialization are expected to drive the demand for floor polishing machine market.
The high prices of automatic floor polishing machine, lack of skilled operator, fluctuation of raw material prices, and lack electricity supply from developing countries are expected to hamper the growth of the global market during the forecast period. Deployment of automation technology in floor polishing machines, green cleaning technology, growing demand for lightweight floor cleaning machines, and increasing investment for the development of autonomous mobile robot equipped with robotic navigation system in developed and developing countries are providing growth opportunities for the global market. Thus, the global floor polishing machine market size is expected to cross USD 18 Billion by 2025 at a projected CAGR of 5% during the forecast period, 2019–2025.
The global floor polishing machine market is segmented based on operation, floor type, application, sales channel, and region. Based on operation, the global market has been segmented into manual, automatic, and semi-automatic machines. Based on floor type, the global market has been segmented into carpet, concrete, stone, wood, tile & grout, and others. Based on application, the global market has been segmented into residential, commercial, and others. Based on sales channel, the global market has been segmented into online and offline.
Geographically, the global floor polishing machine market has been segmented into four regions, namely, North America, Europe, Asia-Pacific, and the rest of the world (RoW). Asia-Pacific is expected to hold a prominent market share during the forecast period owing to the presence of large consumer base and floor polishing machine industries. Furthermore, growth in spending capacity, rising urbanized population, growing demand for marble polishing machine and concrete polishing machine, and increase in industrialization are likely to drive the market growth in Asia-Pacific region. On the other hand, Europe is expected to witness substantial growth owing to stringent government standards and growing demand for portable marble polishing machine from Russia, Germany, Spain, and France. The market in North America region is growing due to the rapid development of commercial and residential structures along with increasing demand for wood floor polishing machine across the US and Canada. The rest of world market is categories into Middle East & Africa and South America. Whereas, Middle East & Africa region is projected to grow at a substantial rate over the forecast period due to increasing demand for tile polishing machine and granite floor polishing machine from UAE and Dubai.
The Prominent Players in the global floor polishing machine market include 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).
The report for the global floor polishing machine market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|Market Size||2025: USD 18 Billion|
|CAGR||5% CAGR (2020-2027)|
|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||
|Key Market Drivers||
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.