Floor polishing machine is a special-purpose machine designed to polish or clean marble, granite, wooden, stone, and concrete surfaces. The floor polishing machine is deployed in various residential and commercial sectors including schools, railway platforms, airport, malls, and hospitals. The use of these machines provides various advantages such quality cleaning performance, reduce their environmental impact, and create a cleaner, safer, healthier world. The rise per capita income and changing lifestyle, growing hospitality, increasing industrialization, and growing construction activities in emerging market are set to drive the growth of the market.Strict industry regulations, lack of skilled professionals, and the high initial prices associated with autonomous floor polishing machine are expected to hamper the market growth during the forecast period. However, the growing use of loT for monitoring machine condition, technological advancement in floor polishing machine, deployment of robotic navigation system in polishing machines, and developing economies in emerging countries create ample opportunities for the expansion and growth of this market.
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Market Research Analysis
In terms of region, the global market for floor polishing machine is segmented into– North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to hold the largest share in the global floor polish machine market throughout the forecast period owing to the presence of strong commercial and industrial sector in China, Japan, Australia, and India. Furthermore, the presence of various direct distribution channels across the region is also contributing to the growth of this market in Asia-Pacific. In 2018, the market in Asia-Pacific was dominated by China and is projected to grow at a rapid pace over the forecast period due to presence of large consumer base and strengthening economy.
On the other hand, North America is projected to witness significant growth for the floor polish machine market. The growing demand for sophisticated machines and developing online and offline product service industry in the US and Canada are expected to support the growth of the market during the forecast period. In North America, the US has dominated the market over the forecast period owing to the stable economy and presence of key players such as NSS Enterprises, Inc. and Tornado Industries.
The floor polish machine market in Europe is expected to witness significant growth due to the presence of many developed nations and their willingness to adopt new technologies. In Europe, Germany is projected to grow at a substantial rate over the forecast period due to increasing demand for heavy-duty stainless steel scrubbers and sweepers. The rest of the world includes regions such as South America and the Middle East & Africa. South America is an emerging region, which is incorporating technological advancements in the floor polish machine market at a rapid pace. Countries such as Brazil and Argentina are significantly contributing to the growth of the market in the region, owing to the increasing online service centers.
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