Market Research Future (MRFR) expects the floor polishing machine market 2020 to procure a valuation of more than USD 18 Billion by 2025. MRFR also projects that the market can advance at a decent rate of 5% over the forecast period, between 2019 and 2025. We will provide covid-19 impact analysis with the report. The report offers an in-depth analysis of the market following the coronavirus disease outbreak.
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The COVID-19 impact analysis by MRFR suggests that various end users across industries now understand the significance of automation, smart manufacturing and remote intelligence. They now realize the importance of reducing the dependency on workforce at production sites. The short term impact has led to a sharp dip in exports, as a result of the collapsing supply chain and the consistently spreading pandemic across the globe has added to the woes of the floor polishing machine businesses. Companies are incurring major losses in terms of revenue, with industrial production activities coming to a standstill.
Taking into account the long-term impact of COVID-19, the industrial automation equipment industry and in turn, the floor polishing machine market can expand, following the increase in the demand for industrial internet of things (IIoT), artificial intelligence, industrial internet, and various other transformative technologies that are majorly deployed in the manufacturing process. Also, the promising growth scope of the construction sector can leave a positive impact on the floor polishing market in the approaching years.
A number of companies are coming together to fight against SARS-CoV-2, by entering into agreements and collaborations. To illustrate, in May 2020, Siemens Healthineers AG and Siemens UK joined hands to fulfill the need for thousand ventilators by the National Health Service or NHS. Siemens is also lending support to other companies by boosting manufacturing automation as well as productivity, testing and simulating manufacturing operations and upgrading the current ventilator manufacturing machinery for better results.
Top Inducers and Main Barriers
Commercial and household buildings have emerged as significant customers in the floor polishing machine market. Frequent technological advancements have led to more popularity of semi-automatic and automatic floor polishing machines compared to the manual ones. These machines find widespread application across diverse industries such as commercial buildings, healthcare, food & beverage, household, chemicals, and others. Also, the availability of various types for specific flooring types also boosts the demand for floor polishers & accessories across various industry verticals.
In recent years, the demand for floor polishing machines has shot up rapidly in the food & beverage industry as well as in commercial buildings like households and restaurants & entertainment malls, given the significant increase in urbanization. Further, with the notable growth in the worldwide healthcare industry, the need to keep floors clean and polish to prevent infections can work in favor of the floor polishing machine market in the following years. Apart from this, the demand for floor scrubbers & buffers has increased tremendously, owing to the expanding tourism industry, especially in the worldwide hospitality sector.
The automation technology is being widely integrated with floor polishing machines, which not only makes it more advanced but also reduces the dependency on manpower. The floor polishing machine market also observes emergence of lucrative opportunities such as increasing demand for green cleaning technology, mounting demand for lightweight floor cleaning machines, and heavy investments in the development of autonomous mobile robot that are embedded with robotic navigation system.
The floor polishing machine market has been considered for operation, floor type, application and sales channel.
Operation-wise market segmentation comprises automatic, semi-automatic and manual machines.
The various floor types on which floor polishing machine is used include tile & grout, carpet, wood, stone, concrete, and others.
Applications of floor polishing machine are commercial, residential, and others.
Sales channels in the floor polishers market include online as well as offline.
The regional study of the floor polishing machine market covers Europe, APAC or Asia Pacific, North America, and RoW or the rest of the world.
Even as the current lockdown situation due to COVID-19 outbreak is giving rise to challenges, APAC can emerge as the most successful market for floor polishing machines. Cleanliness and hygiene have become the latest norm amidst the pandemic outbreak to prevent infections, leading to higher demand for floor polishing machines in the region. Furthermore, the financial growth, expanding urbanized population, soaring demand for concrete polishing machines and marble polishing machines, and rapid industrialization benefit the regional market to a large extent.
Various countries in Europe are doing everything in their capacity to find a covid-19 breakthrough, since various industries are struggling to operate with scarce workforce. On a brighter note, the increasing use of automation and robotics are helping businesses maintain their production levels with minimum exposure of the workforce to SARS-CoV-2. This fact can be a huge respite for the floor polishing market in the region, which also profits from the strict government standards along with the rising demand for portable marble polishing machines in Germany, Russia, France and Spain.
North America is a dynamic market for floor polishing machines, on account of the well-developed residential and commercial structures paired with the accelerated demand for wood floor polishing machines in Canada and the US. A number of well-known retailers in the region such as Home Depot, Lowe’s, Wal-Mart etc. now prefer polished concrete for the existing and new stores, which creates new avenues for the floor polishing machines in the region.
The RoW market comprises South America and the Middle East & Africa or MEA. The MEA market exhibits excellent growth potential, given the escalating demand for granite floor polishing machines and tile polishing machines in Dubai and UAE, in the wake of rising urbanization and industrialization.
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Leading contenders in the floor polishers market include NSS KLindex (Italy), Adiatek S.r.l. (Italy), Tennant Company (US), Minuteman International Inc. (US), Kaivac, Inc. (US), Clemas & Co Limited (UK), Numatic International Ltd. (UK), Enterprises, Inc. (US), EUREKA S.p.A. Unipersonale (Italy), Hako GmbH (Germany), Tornado Industries (US), Alfred Kärcher GmbH & Co. KG (Germany), Nilfisk (Denmark), Denis Rawlins Limited (UK), Fimap S.p.A. (Italy), to name a few.
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