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Floor Grinding Tools Market by Application (Grinding, Honing, Polishing, Burnishing), Floor Type (Concrete, Wood, Marble), Polishing Type (Dry Polishing, Wet Polishing), Region( North America, Europe, APAC, MEA, RoW) - Global Forecast to 2027
Floor Grinding Tools Market
Growth in investments in the construction industry is boosting the floor grinding tools market. Increasing demand for green & energy-efficient buildings and acceleration in the construction of new residential & commercial spaces are likely to support the growth of the floor grinding tools market during the forecast period.
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Increasing consumer income levels, changing lifestyles, and adopting different cultures in terms of interior decor have resulted in consumers' growing interest in the interior decoration of their houses and workspaces. Consumers are spending on the styling and interiors of living spaces, which leads them to spend on home furnishings such as carpets, rugs, and other floor coverings that add to the esthetic appeal of interiors. The use of different flooring materials due to the aforementioned factors leads to the demand for floor grinding tools for surface preparation and finishing.
Key Market Players
The floor grinding tools market is dominated by a few globally established players, such as Husqvarna Group (Sweden), Shenzhen Idimas Holding Co., Ltd. (China), Tyrolit Group (Austria), Diamag (Netherlands), and Klindex (Italy).
The growth of the flooring market is highly dependent on the growth of the construction industry. Developing countries in the Asia Pacific have a large number of construction projects. The construction industry in mature markets such as the US and the UK is also growing owing to the demand for residential and non-residential spaces.
Asia Pacific was the largest market for floor grinding tools, in terms of value, in 2021. Emerging economies in the region are expected to experience significant demand for floor grinding tools because of the expansion of residential, commercial, and industrial sectors due to rapid economic development and government initiatives toward economic development. In addition to this, the growing population in these countries represents a strong customer base.
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This research report categorizes the floor grinding tools based on application, floor type, polishing type and region.
On the basis of application:
• Grinding
• Diamond Wings
• Plates
• PCD Wings
• Honing (Ceramic Pads)
• Polishing (Resin Pads)
• Burnishing (Non-woven Pads)
On the basis of floor type
• Concrete
• Wood
• Marble
• Others
On the basis of polishing type
• Dry Polishing
• Wet Polishing
Recent Developments
In December 2020, the Husqvarna Group's Construction Division acquired Blastrac N.A., a leading provider of surface preparation technologies for the global construction and remediation industry. The acquired product range complements the Husqvarna Construction Division's offering within concrete surfaces and floors.
In March 2017, the Construction Division of Husqvarna Group acquired HTC's floor grinding solutions division. They strengthened their ability to develop and offer customers total floor solutions for the construction segment through the acquisition.
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Frequently Asked Questions (FAQ):
• What is the current size of global floor grinding tools market?
• How is the floor grinding tools market aligned?
• Who are the key players in the global floor grinding tools market?
• What are the latest ongoing trends in the floor grinding tools market?
• What are some of the mandates in the floor grinding tools market?
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