Global Floor Grinding Machine market will reach 310 million US$ by the end of 2025
Published Date: 2019/1/30
Floor Grinding Machine, or floor grinder, is a purpose-built machine that are used for grinding and polishing marble, granite, concrete and any other kind of floor. Machines that grind concrete floors are usually made to handle much more stress and will have more power to drive the unit as concrete has a much higher sliding friction than marble or granite which is also worked wet, therefore with less friction. In fact some types of marble will spark when it is ground dry, causing deep damage to the marble surface.
For industry structure analysis, the Floor Grinding Machine industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 24 % of the revenue market. Regionally, North America is the biggest production value area, also the leader in the whole Floor Grinding Machine industry.
China occupied 31.05% of the production market in 2016. It is followed by North America and Europe, which respectively account for around 29.74% and 23.38% of the global total industry. Other countries have a smaller amount of production. Geographically, North America was the largest consumption market in the world, which took about 27.26% of the global consumption volume in 2016.
For price trend analysis, a key variable in the performance of Floor Grinding Machine producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
The global Floor Grinding Machine market is valued at 270 million US$ in 2017 and will reach 310 million US$ by the end of 2025, growing at a CAGR of 2.1% during 2018-2025.
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