Global Floor Pad Market to grow at a CAGR of 3.59% during the period 2017-2021

Market Research analysts forecast the global floor pad market to grow at a CAGR of 3.59% during the period 2017-2021.

According to the report, one of the major drivers for this market is growth in global industrial production. Industrial production (includes manufacturing, mining, and construction) is the prime growth driver for the global floor pad market. The global economy has recovered considerably since the economic downturn of 2008, driven particularly by the robust growth in the manufacturing sector in most regions. The demand for manufactured goods is constantly rising due to rapid infrastructural development, favorable federal policies, and rising disposable incomes.

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Further, the report states that one of the major factors hindering the growth of this market is slowdown in non-residential sector. Non-residential construction expenditure could slow down in 2016-2017 in the wake of a turbulent global economy and political instability in many countries. However, at the same time, the decelerating overall economy could somewhat extend to the construction industry, with the biggest drop-off expected in the industrial facility sector over the next year and a half.

About floor pad

Floor pads are used for cleaning, buffing, burnishing, scrubbing, as well as floor stripping.

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Covered in this report

The report covers the present scenario and the growth prospects of the global floor pad market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of the industrial floor pads worldwide.

The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

Global Floor Pad Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
3M
Americo Manufacturing
Newell Brands
Other prominent vendors
Electrolux
ETC of Henderson
Janex Floor Pads
Jon-Don
Parish Maintenance Supply
Saint-Gobain
Market driver
Growth in global industrial production
For a full, detailed list, view our report

Market challenge
Slowdown in non-residential sector
For a full, detailed list, view our report

Market trend
Evolution of melamine pads
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

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