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DUBLIN--(BUSINESS WIRE)--Nov 9, 2022--
The "Floor Polishing Machine Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global floor polishing machine market is expected to grow from $13.10 billion in 2021 to $14.31 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The floor polishing machine market is expected to reach $18.22 billion in 2026 at a CAGR of 6.2%.
Asia Pacific was the largest region in the floor polishing machine market in 2021. The regions covered in the floor polishing machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing construction industry is expected to propel the growth of the floor polishing machine market going forward. The construction industry is a branch of manufacturing and trade based on building, maintaining, and repairing structures.
This includes drilling, solid mineral exploration, and floor polishing, among others. In construction and building facilities, floor polishing machines are used for infrastructure repairs and restoration. For instance, according to ICE (Institution of Civil Engineers), a UK-based company that promotes civil engineering projects, the global construction market is expected to grow to $8 trillion by 2030.
Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the growing construction industry is driving the growth of the floor polishing machine market.
Technological advancements have emerged as a key trend gaining popularity in the floor polishing machine market. Major companies operating in the floor polishing machine market are focused on new technological advancements to meet consumer demand and strengthen their position.
For instance, in April 2022, Tennant Company, a US-based manufacturer of floor cleaning machines and equipment, announced the introduction of lithium-ion technology to their portfolio of autonomous mobile robot (AMR) machines. This new advanced battery technology provides maximized productivity while reducing costs for customers across the world in the floor polishing machine industry.
In January 2019, Tennant Company (TNC), a US-based cleaning equipment manufacturing company, acquired Gaomei Cleaning Equipment Company for an undisclosed amount. This acquisition provides another step toward Tennant Company's global revenue diversification as the majority of Gaomei's income is generated within China. Gaomei Cleaning Equipment Company is a China-based manufacturer of cleaning equipment and a provider of professional cleaning solutions for various commercial or industrial areas.
The countries covered in the floor polishing machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Major players in the floor polishing machine market are
Key Topics Covered:
1. Executive Summary
2. Floor Polishing Machine Market Characteristics
3. Floor Polishing Machine Market Trends And Strategies
4. Impact Of COVID-19 On Floor Polishing Machine
5. Floor Polishing Machine Market Size And Growth
5.1. Global Floor Polishing Machine Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Floor Polishing Machine Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Floor Polishing Machine Market Segmentation
6.1. Global Floor Polishing Machine Market, Segmentation By Floor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Floor Polishing Machine Market, Segmentation By Operation Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Floor Polishing Machine Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.4. Global Floor Polishing Machine Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Floor Polishing Machine Market Regional And Country Analysis
7.1. Global Floor Polishing Machine Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Floor Polishing Machine Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/zyksz
View source version on businesswire.com:https://www.businesswire.com/news/home/20221109005806/en/
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KEYWORD: ASIA PACIFIC EUROPE
INDUSTRY KEYWORD: OTHER CONSTRUCTION & PROPERTY MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY BUILDING SYSTEMS OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/09/2022 11:19 AM/DISC: 11/09/2022 11:19 AM
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