Press release
Floor Polishing Machine Market Future Trends, Segments, Growth Rate, Major Players And Forecast To 2033
Floor Polishing Machine Market
The floor polishing machine market size is expected to see strong growth in the next few years. It will grow to $19.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to eco-friendly polishing solutions, health and hygiene concerns, aging infrastructure, specialty flooring, urbanization and high-rise buildings. Major trends in the forecast period include smart and automated floor polishing, floor surface analysis and quality assurance, specialty applications, labor-saving robotics, technological advancements.
Market Overview -
A floor polishing machine refers to an electric appliance that is used to produce a gleaming effect on a certain type of floor. Floor polishing machines are versatile floor cleaning machines that operate by using rotating brushes or pads to scrub, polish, or buff a floor to maintain its appearance. It is used to remove wax from the floors of facilities.
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Construction Industry Expansion Fuelling The Rise Of The Floor Polishing Machine Market
The growing construction industry is expected to propel the growth of the floor polishing machine market going forward. The construction industry is a branch of manufacturing and trade based on building, maintaining, and repairing structures. This includes drilling, solid mineral exploration, and floor polishing, among others. In construction and building facilities, floor polishing machines are used for infrastructure repairs and restoration. For instance, according to ICE (Institution of Civil Engineers), a UK-based company that promotes civil engineering projects, the global construction market size is expected to grow to $8 trillion by 2030. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the growing construction industry is driving the growth of the floor polishing machine market.
Competitive Landscape -
Major companies operating in the floor polishing machine market include Alfred Karcher GmbH & Co. KG, Tennant Company, Hako GmbH, Nilfisk Group, Clemas & Co. Ltd., Tornado Industries Inc., Denis Rawlins Limited, Eureka S.p.A., Minuteman International Inc., Fimap S.p.A., Klindex S.r.l, Bortex Industries Inc., Garg Machines, Wiese USA, New Age Cleaning Solutions LLC, Diamatic USA, Scanmaskin Sverige AB, Onfloor Technologies LLC, Terrco Inc., SASE Company LLC, Concrete Polishing Solutions, Klindex America Corp., CleanFreak, Betco Corporation, Mercury Floor Machines, Koblenz Electrica S.A., BISSELL Homecare Inc., Achilli S.r.l., Xtreme Polishing Systems Supply, Fujian Xingyi Polishing Machine Co. Ltd, Aztec Products Inc., Stonekor LLC
Technological Advancements Reshaping The Floor Polishing Machine Market
Technological advancements have emerged as a key trend gaining popularity in the floor polishing machine market. Major companies operating in the floor polishing machine market are focused on new technological advancements to meet consumer demand and strengthen their position. For instance, in April 2022, Tennant Company, a US-based manufacturer of floor cleaning machines and equipment, announced the introduction of lithium-ion technology to their portfolio of autonomous mobile robot (AMR) machines. This new advanced battery technology provides maximized productivity while reducing costs for customers across the world in the floor polishing machine industry.
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Key Segments -
The floor polishing machine market covered in this report is segmented -
1) By Floor Type: Carpet, Concrete, Stone, Wood, Tile and Grout, Other Floor Types
2) By Operation Type: Manual, Automatic, Semi Automatic
3) By Sales Channel: Online, Offline
4) By Application: Residential, Commercial, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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