Floor Grinding Machines Market is Projected to Stand at a Valuation of US$ 356 Million by 2027| MarketsandMarkets™ Study
The global floor grinding machines market size is projected to grow from USD 303 million in 2022 to USD 356 million by 2027, at a CAGR of 3.3% from 2022 to 2027. Floor grinding machines polish and grind granite, concrete, and marble; restore damaged surfaces; and level uneven joins. They help improve floors’ durability and esthetic appeal. The simple design, robust construction, high quality, and eco-friendly properties of these grinders are the factors propelling the floor grinding machines market.
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Concrete floor type is the largest segment due to the growing infrastructure and building & construction industries and durable, attractive, and sustainable flooring systems. Furthermore, concrete floors do not deplete natural resources, require less energy than other floor types to produce, and are made locally. Manufacturers of the floor grinding machines can augment the production of floor grinding machines which are compatible with concrete flooring to gain the market share.
The residential segment dominated the floor grinding machines market, with a share of 59.25% of the overall market, in terms of value, in 2021. The rising number of housing renovation and remodeling activities and increase in disposable income levels are the key factors propelling the floor grinding machines market in the residential segment. Manufacturers of the floor grinding machines can increase their rental activities and tie ups with the flooring contractors of the residential segment to increase their revenue.
The floor grinding machines market has major players including Husqvarna Group (Sweden), SASE Company LLC (US), Terrco Inc (US), Achilli S.R.L (Italy), and Klindex SRL (Italy), among others. These players have adopted various growth strategies, such as mergers & acquisitions and investments & expansions, to increase their market shares and enhance their product portfolios.
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Husqvarna Group held the majority of the global floor grinding machines market share in 2021. Husqvarna Group manufactures outdoor power products for forest, park, and garden care. The company offers garden watering products, cutting equipment, and diamond tools for the construction and stone industries. It operates through the following segments: Husqvarna Forest & Garden, Gardena, and Construction. The Construction segment deals with the professional equipment and diamond tools for cutting and drilling in concrete, stone, masonry, tile, and asphalt. The products have enhanced dual drive technology, low maintenance, smooth operation, increased productivity with remote control, consistent optimum grinding performance, and a high production rate. The company’s largest end markets are North America and Europe.
In December 2020, The Group’s Husqvarna 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. The acquisition includes all products, R&D, manufacturing, sales, and service assets relating to shot blasting, scarifying, scraping, grinding & polishing, and dust collection businesses.
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SASE company LLC engineers and manufactures its equipment, which allows it to control the quality of the equipment it sells. SASE offers a complete line of concrete preparation and polishing equipment. Its newest introduction—PDG planetary diamond grinders, sets a new standard for the concrete grinding and polishing industry. SASE also focuses on diamond tooling technology. Its business divisions are concrete equipment, diamond tooling, and concrete chemicals. SASE Company, LLC serves contractors directly and not through intermediaries. The company has its sales and service, and distribution centers in Rockford, Tennessee, and Orange, California. The company has an assembly, manufacturing, and distribution center in Kent, Washington. In august 2020, The company inaugurated a service and distribution center in Orange, California. The new location features a showroom and fully stocked warehouse, repair and rental department, will-call and next-day shipping, onsite demos, and financing services.
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