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.
Companies in the Floor Polishing Machine market are facing issues in keeping their production facilities fully functional due to shortage of staff and resources amidst the COVID-19 (Coronavirus) outbreak. Get hands-on over key drivers and threats to the Floor Polishing Machine market to make your company future-ready post the pandemic. Avails out reports for exciting prices to learn new opportunities that companies can capitalize on during and after the Coronavirus crisis.
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COVID-19 Analysis
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.
Intended Audience
- Floor polishing machine manufacturers
- Polishing component manufacturers
- Floor polishing machine distributors
- State and national regulatory authorities
- Government and industry associations
- State or government-owned corporations
- Research organizations
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.
Market Segmentation
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.
Regional Study
The regional study of the floor polishing machine 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.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
Continued…………
List Of Tables
Table 1 Global Floor Polishing Machine Market, By Region, 2017–2025
Table 2 North America: Floor Polishing Machine Market, By Country, 2017–2025
Table 3 Europe: Floor Polishing Machine Market, By Country, 2017–2025
Table 4 Asia-Pacific: Floor Polishing Machine Market, By Country, 2017–2025
Table 5 RoW: Floor Polishing Machine Market, By Region, 2017–2025
Table 6 Global Floor Polishing Machine Market, By Operation, By Regions, 2017–2025
Table 7 North America: Floor Polishing Machine Market, By Operation, By Country, 2017–2025
Continued………..
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down And Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Floor Polishing Machine Market Share, By Operation, 2018 (%)
Continued……….
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