Floor Grinding Machine Market Rise in Demand, Competitive Landscape by Companies Blastrac, Achilli S.r.l., Klindex

Surge in expenditure on home remodeling and growth in building and construction activities in developing economies such as China and India drive the growth of the global floor grinding machine market. However, high maintenance cost of floor grinding machine hinders the market growth. On the other hand, growing adoption of eco-friendly floor grinding machines creates new opportunities for the market player in the coming years.

The global floor grinding machine market generated $271.0 million in 2019, and is estimated to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027.

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Key Players:
Leading market players analyzed in the research include Blastrac, Achilli S.r.l., Klindex S.r.l., Fujian Xingyi Polishing Machine Co., Ltd., Scanmaskin Sverige AB, Levetec, Stonekor company, Linax Co ltd., and Tyrolit Construction Products GmbH.

Covid-19 scenario:
• As building & construction activities across the globe have been halted amid lockdown, the demand for floor grinding machine is likely to decline.
• The lockdown has restricted the international movement of non-essential goods and resources, which resulted in shortage of components required for the manufacturing of floor grinding machines.
The report offers a detailed segmentation of the global floor grinding machine market based on head type, application, end-user, and region.

By Head Type
• One & Two Head
• Three & Four Head
• Others

By Application
• Residential
• Non-residential

Based on head type, the three and four head segment contributed to the largest share in 2019, accounting for nearly three-fourths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the one and two head segment it is estimated to portray the highest CAGR of 3.6% during the forecast period.

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Based on end user, the residential segment accounted for the largest share in 2019, holding more than half of the total share, and is expected to maintain the largest share throughout the forecast period. In addition, the segment is expected to register the highest CAGR of 3.3% from 2020 to 2027.

Based on region, Asia-Pacific contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, it is also expected to grow at the highest CAGR of 3.5% from 2020 to 2027.

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