Floor Grinding Machine Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207561
  • Format: Electronic (PDF)
  • Number of Pages: 206
  • Author(s): Joshi, Madhavi

Report Overview

The Floor Grinding Machine Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Floor Grinding Machine Market

(Market Size)
$1.2 billion
$2.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.2 billion
Key Players HTC Group, Husqvarna, Blastrac, Scanmaskin, Superabrasive

Market Summary

The floor grinding machine market is a critical segment within the manufacturing and construction industries, characterized by its essential role in surface preparation, leveling, polishing, and renovation of various flooring materials. These machines are utilized across residential, commercial, and industrial sectors to achieve smooth, durable, and aesthetically pleasing floor surfaces. The market is driven by advancements in construction technologies, increasing investments in infrastructure development, and the growing demand for efficient and high-performance grinding equipment. Key materials worked upon include concrete, stone, wood, and terrazzo, with machines varying in size, power, and functionality to cater to diverse project requirements. The adoption of automated and remotely operated floor grinders is gaining traction, enhancing operational efficiency and worker safety. Manufacturers are focusing on developing eco-friendly and low-noise machines to comply with stringent environmental regulations and reduce on-site disturbances. The market is also influenced by trends in decorative flooring and the need for regular maintenance of existing infrastructures, ensuring steady demand. Geographically, the market demonstrates varied growth patterns influenced by regional construction activities and industrialization rates. Overall, the floor grinding machine market is integral to modern construction practices, supporting quality outcomes and longevity of flooring systems.

Key Highlights

The floor grinding machine market is distinguished by several key highlights that underscore its dynamics and significance. Technological innovation is a primary factor, with leading manufacturers introducing machines equipped with advanced features such as dust extraction systems, variable speed controls, and enhanced ergonomic designs to improve user comfort and productivity. The shift towards electric and battery-operated models is notable, addressing environmental concerns and offering greater flexibility in usage without compromising on power. Another highlight is the increasing preference for multi-disc and planetary grinders, which provide superior finishing and are capable of handling large surface areas efficiently. The market sees strong demand from the renovation and retrofit sector, as aging infrastructures require refurbishment, thereby sustaining consistent equipment sales. Strategic collaborations and mergers among key players are common, aimed at expanding product portfolios and geographic reach. Additionally, the rise in DIY activities and the availability of rental services for floor grinding machines are making these tools accessible to a broader audience, including small contractors and homeowners. Training and support services provided by manufacturers are also becoming a competitive differentiator, ensuring proper machine operation and maintenance. These highlights collectively shape the market's trajectory, emphasizing innovation, sustainability, and customer-centric approaches.

Drivers, Opportunities & Restraints

The floor grinding machine market is propelled by several drivers, including the global surge in construction activities, particularly in emerging economies where urbanization and industrialization are accelerating. The need for efficient surface preparation in new buildings and the maintenance of existing structures fuels demand for high-performance grinding equipment. Technological advancements that enhance machine efficiency, reduce operational time, and minimize labor costs are significant drivers, encouraging adoption across various end-user segments. Opportunities in the market abound, such as the growing trend towards polished concrete floors in commercial and residential spaces due to their durability and aesthetic appeal. The expansion of the manufacturing sector, requiring smooth and level floors for machinery installation, presents another lucrative opportunity. Additionally, the increasing focus on green buildings and sustainable construction practices opens doors for eco-friendly floor grinding machines with lower emissions and noise levels. However, the market faces restraints including the high initial investment required for advanced grinding machines, which may deter small-scale contractors. Economic fluctuations and reduced construction spending in certain regions can also impede market growth. Moreover, the availability of counterfeit and low-quality products poses a challenge, affecting brand reputation and customer trust. Addressing these restraints through cost-effective solutions and robust distribution networks is crucial for market players to capitalize on the existing drivers and opportunities.

Concentration Insights

The concentration insights of the floor grinding machine market reveal a landscape where key players hold significant market share through extensive product offerings, strong brand recognition, and global distribution networks. Companies such as Husqvarna Group, Blastrac, and EDCO are prominent, leveraging their expertise in construction equipment to dominate the market. These leaders focus on continuous research and development to introduce innovative features, ensuring their products meet evolving customer needs and regulatory standards. The market also comprises numerous regional and local manufacturers who cater to specific geographic areas or niche applications, often competing on price and customization. Concentration is higher in regions with robust construction industries, such as North America and Europe, where established players have a strong presence. In contrast, emerging markets in Asia-Pacific and Latin America show a more fragmented landscape with growing local competition. Strategic initiatives like mergers, acquisitions, and partnerships are common among top companies to enhance their market position and expand into new territories. Additionally, the after-sales service and support provided by major players create customer loyalty and barriers to entry for smaller firms. This concentration dynamic emphasizes the importance of innovation, quality, and customer service in maintaining competitive advantage, while also highlighting opportunities for new entrants to capture niche segments through specialized solutions.

Type Insights

Type insights in the floor grinding machine market categorize equipment based on design, power source, and disc configuration, each serving distinct applications and user preferences. Walk-behind grinders are widely used for large-area projects, offering high productivity and stability, with models ranging from single-disc to multi-disc systems for efficient material removal and polishing. Hand-held grinders provide flexibility for smaller spaces, edges, and detailed work, favored for their portability and ease of use. In terms of power source, electric grinders dominate due to their environmental benefits and suitability for indoor applications, whereas gasoline-powered models are preferred for outdoor and remote sites where electricity access is limited. Planetary grinders, featuring multiple rotating discs, are increasingly popular for achieving superior finish quality on concrete and stone surfaces, reducing processing time. Additionally, advancements in battery technology are driving the adoption of cordless grinders, offering mobility without compromising performance. The choice of type depends on factors such as project scale, surface material, and desired outcome, with manufacturers continuously innovating to enhance machine durability, user safety, and operational efficiency. This diversity in equipment types ensures that the market can address a broad spectrum of grinding needs across construction and manufacturing sectors.

Application Insights

Application insights for the floor grinding machine market highlight its diverse usage across various sectors, primarily in surface preparation, leveling, polishing, and repair. In the construction industry, these machines are indispensable for creating smooth and level concrete substrates before applying coatings, toppings, or coverings, ensuring longevity and performance of the final floor. The renovation sector relies heavily on grinders to remove old coatings, adhesives, and imperfections from existing floors, facilitating refurbishment projects in commercial buildings, warehouses, and residential properties. Polishing applications are significant, particularly with the growing popularity of decorative concrete floors in retail spaces, offices, and homes, where grinders are used to achieve glossy, aesthetically pleasing surfaces. Industrial applications include maintaining floors in manufacturing plants and logistics centers, where flat and durable surfaces are crucial for operational safety and efficiency. Additionally, floor grinders are used in terrazzo and stone restoration, preserving historical buildings and enhancing natural stone beauty. The versatility of these machines allows for use on various materials, including epoxy, wood, and vinyl, making them a vital tool for contractors, floor installers, and maintenance professionals. This broad applicability ensures consistent demand, driven by both new construction projects and the need for ongoing maintenance and upgrades.

Regional Insights

Regional insights into the floor grinding machine market demonstrate varied growth patterns influenced by economic conditions, construction activities, and industrialization levels. North America holds a substantial market share, driven by high investments in infrastructure development, commercial construction, and the presence of key manufacturers. The region's emphasis on advanced construction techniques and maintenance of existing buildings sustains demand for efficient grinding equipment. Europe follows closely, with strong demand stemming from renovation projects, historical building restorations, and stringent regulations promoting sustainable construction practices. The Asia-Pacific region is experiencing rapid growth, fueled by urbanization, industrialization, and government initiatives in countries like China and India aimed at developing smart cities and transportation infrastructure. This region presents significant opportunities due to its large population and expanding construction sector. Latin America and the Middle East & Africa are emerging markets, where increasing construction projects and economic development are gradually boosting the adoption of floor grinding machines. However, these regions face challenges such as economic volatility and limited technological adoption. Overall, regional dynamics are shaped by local construction trends, regulatory frameworks, and economic stability, with manufacturers tailoring their strategies to address specific regional needs and capitalize on growth opportunities.

Company Insights

Company insights in the floor grinding machine market highlight the strategic approaches of leading players such as Husqvarna Group, Blastrac, EDCO, Superabrasive, and Xingyi Polishing Machine Co. These companies focus on product innovation, expanding their portfolios to include grinders with enhanced features like dust containment, energy efficiency, and user-friendly controls. Husqvarna Group, for instance, leverages its global presence and strong R&D capabilities to offer a wide range of grinding machines for various applications, supported by comprehensive service networks. Blastrac is recognized for its specialized surface preparation equipment, emphasizing durability and performance in demanding environments. EDCO focuses on providing versatile and affordable solutions, catering to both professional and DIY markets. Superabrasive excels in diamond tooling and grinding systems, integrating advanced technologies for precision and efficiency. Xingyi Polishing Machine Co. emphasizes cost-effective products for the Asian market, gradually expanding internationally. These players engage in competitive strategies including mergers, acquisitions, and partnerships to strengthen their market position and reach new customer segments. Additionally, they invest in marketing and distribution channels to enhance brand visibility and customer accessibility. The emphasis on after-sales support, training, and warranty services further differentiates key companies, fostering customer loyalty and driving market growth through reliable and innovative solutions.

Recent Developments

Recent developments in the floor grinding machine market reflect a trend towards technological innovation and strategic expansion. Leading companies have introduced new models with improved dust extraction systems, complying with stricter environmental and health regulations to enhance worksite safety. There is a growing focus on developing electric and battery-operated grinders that offer reduced noise levels and zero emissions, aligning with sustainability goals. Advances in automation include the integration of remote control and GPS tracking features, allowing for precise operation and monitoring, which is particularly beneficial for large-scale projects. Mergers and acquisitions have been prominent, with key players acquiring smaller firms to diversify their product lines and enter new geographic markets. Collaborations with diamond tool manufacturers are also common, ensuring optimized performance and longevity of grinding equipment. Additionally, companies are expanding their rental and service networks, making high-end machines more accessible to a broader range of users, including small contractors and DIY enthusiasts. Training programs and digital resources are being enhanced to educate customers on proper machine usage and maintenance. These developments indicate a market that is evolving to meet changing customer demands, regulatory requirements, and technological possibilities, ensuring continued growth and relevance in the construction and manufacturing industries.

Report Segmentation

The report on the floor grinding machine market is segmented to provide a comprehensive analysis, enabling stakeholders to understand specific aspects and make informed decisions. Segmentation by type includes walk-behind grinders, hand-held grinders, and others, categorizing equipment based on design and usage to address different project scales and requirements. By power source, segments cover electric, gasoline, and battery-operated grinders, reflecting the diversity in energy options influenced by environmental concerns and application settings. Application-based segmentation encompasses surface preparation, polishing, renovation, and others, highlighting the various uses across construction, industrial, and residential sectors. Geographical segmentation divides the market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, analyzing regional trends, growth drivers, and opportunities. Additionally, the report may segment by end-user, including contractors, rental services, and DIY users, to assess demand patterns and consumer behavior. Each segment is analyzed in terms of market dynamics, key players, and future prospects, providing a detailed view of the industry landscape. This structured approach ensures that the report delivers actionable insights tailored to the needs of manufacturers, investors, and other market participants, facilitating strategic planning and competitive positioning.

FAQs

What are the primary applications of floor grinding machines? Floor grinding machines are primarily used for surface preparation, leveling, polishing, and renovation of various flooring materials such as concrete, stone, and terrazzo in construction, industrial, and residential settings.

Which companies are the key players in the floor grinding machine market? Key players include Husqvarna Group, Blastrac, EDCO, Superabrasive, and Xingyi Polishing Machine Co., among others, known for their innovative products and global presence.

What types of floor grinding machines are available? Types include walk-behind grinders for large areas, hand-held grinders for detailed work, and variations based on power source such as electric, gasoline, and battery-operated models.

How do regional trends affect the floor grinding machine market? Regional trends are influenced by construction activities, economic development, and regulatory policies, with North America and Europe being mature markets, while Asia-Pacific shows rapid growth due to urbanization.

What recent technological advancements are seen in floor grinding machines? Recent advancements include improved dust extraction, battery-operated options for eco-friendliness, remote control features, and enhanced ergonomics for user safety and efficiency.

What factors drive demand in the floor grinding machine market? Demand is driven by growth in construction and renovation projects, need for efficient surface preparation, technological innovations, and increasing adoption of polished concrete floors.

Citius Research has developed a research report titled “Floor Grinding Machine Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Floor Grinding Machine Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Floor Grinding Machine Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Floor Grinding Machine Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Floor Grinding Machine Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Floor Grinding Machine Market
• Research Methodology
• Executive Summary
• Market Dynamics of Floor Grinding Machine Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Floor Grinding Machine Market
• Cost and Gross Margin Analysis of Floor Grinding Machine Market
• Floor Grinding Machine Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Floor Grinding Machine Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Floor Grinding Machine Market Key Stakeholders

Below are the key stakeholders for the Floor Grinding Machine Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Floor Grinding Machine Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Floor Grinding Machine Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Floor Grinding Machine Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Floor Grinding Machine Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Floor Grinding Machine Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Floor Grinding Machine Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Floor Grinding Machine Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Floor Grinding Machine Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Floor Grinding Machine Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Floor Grinding Machine Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Floor Grinding Machine Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Floor Grinding Machine Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Floor Grinding Machine Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Floor Grinding Machine Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Floor Grinding Machine Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Floor Grinding Machine Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Floor Grinding Machine Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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