According to recent market research "Floor Grinding Machines Market by Floor Type (Marble & Limestone, Concrete, Granite), Machine Configuration (Single Disc, Tri & Quad Disc), End User (Residential, Non-residential), Distribution Channel and Region - Global Forecast to 2027", 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. The growth of the floor grinding machines market is attributed to their high demand in residential, commercial, and industrial sectors. In 2020, the floor grinding machines market was significantly impacted by the COVID-19 pandemic, with a substantial decline in its CAGR. However, recovery was witnessed with a positive impact on the floor grinding machines market because of demand in the construction sector in 2021.
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Flooring for the residential sector includes a broad range of options such as concrete, wood, stone flooring, granite, tiles, and marble. Tiles are widely used in the residential segment for their durability and ease of maintenance. The ideal option for flooring in areas such as entryways, kitchens, and bathrooms is ceramic tiles, whereas, for areas such as living rooms, dining spaces, and bedrooms, wood and laminate flooring is preferred. Housing renovation and maintenance have increased steadily and are expected to increase owing to the scaling disposable income. All these factors are expected to fuel demand for floor grinding machines in the residential sector.
Hardwood flooring is preferred in residential construction as it is stylish and durable. The variety of wood colors, patterns, and styles make it appealing. Hardwood floors are easy to clean and require very low maintenance. Changing lifestyles, growing urban population, increased spending on home renovation and improvement, and rising consumer desire for eco-friendly materials are some of the key drivers boosting the demand for wood flooring.
The wood floor grinding process involves grinding the top layers of wood flooring. In the next step, clean wood is treated with a new wood stain and coat of sealant. Floor grinding machines are used for refinishing exterior wood surfaces, such as wooden decking. These machines take less time to restore wooden flooring as they can cover a larger surface area.
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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.
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.
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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