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Nov 21, 2023

Floor Grinding Machines Market Taking Flight Unleashing Skyrocketing Potential of Market Size

The global floor grinding machine market was valued at $271.0 million in 2019, and is projected to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027. Floor grinding machines

The global floor grinding machine market was valued at $271.0 million in 2019, and is projected to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027. Floor grinding machines are grinders used for grinding and polishing marble, granite, and concrete. These machines are usually designed to handle and grind the concrete surface with less friction. The diamond tools such as diamond grinding cup wheels are used for grinding the floors.

The factors such as rise in recovery in the construction industry and growth in urbanization drive the growth of the market. In addition, urban population is projected to rise by 2050; thereby, fueling the demand for floor grinding machines for residential construction in the near future. Furthermore, surge in standard of living, particularly in the developing countries encourages the repair and renovation of floors, which drives the market growth. However, high maintenance and repair cost is expected to hamper the market growth. Furthermore, the growth in machinery and equipment manufacturing sectors around the globe and technological advancements by manufacturers offers lucrative growth opportunities for the market players during the forecast period.

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The global floor grinding machines market is classified into head type, application end user, and region. By head type, the market is categorized into one & two head, three & four head, and others. By application, it is divided into marble & granite, concrete, and others. By end user, the market is categorized into residential and non-residential.

By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global market during the analysis period due to growth in urbanization and increase in infrastructure investments.

The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.

In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.

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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.

KEY BENEFITS FOR STAKEHOLDERS– The report provides an extensive analysis of the current and emerging floor grinding machines market trends and dynamics.– In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.– Extensive analysis of the floor grinding machines market is conducted by following key product positioning and monitoring of the top competitors within the market framework.– A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.– The global floor grinding machines market forecast analysis from 2020 to 2027 is included in the report.– The key market players within floor grinding machines market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the floor grinding machines industry.

KEY PLAYERS– Achilli S.r.l.– Blastrac– Fujian Xingyi Polishing Machine Co., Ltd.– Klindex S.r.l.– Levetec– Scanmaskin Sverige AB– Linax Co ltd– Stonekor Company– Tyrolit Construction Products GmbH

GLOBAL FLOOR GRINDING MACHINES MARKET SEGMENTSBY HEAD TYPE– One & Two Head– Three & Four Head– Others

BY END USER– Marble & Granite– Concrete– Others

BY APPLICATION– Residential– Non-residential

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BY REGION– North Americao U.S.o Canadao Mexico– Europeo Germanyo UKo Franceo Italyo Russiao Rest of Europe

– Asia-Pacifico Chinao Indiao Japano South Koreao Singaporeo Rest of Asia-Pacific

– LAMEAo Latin Americao Middle Easto Africa

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Posted by: Frodo Baggins