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The floor polisher market size is forecast to increase by USD 5.91 billion at a CAGR of 6.17% between 2023 and 2028. The market is experiencing significant growth due to the expansion of the commercial sector and the increasing number of high-rise buildings. This trend is driven by the demand for sustainable facility management, with a focus on green building certifications and the use of recyclable parts. Consequently, concrete, stone, and wood floor polishers are gaining popularity as they contribute to reducing the carbon footprint and promoting eco-friendly practices. Sustainable facility management is a priority for many organizations, and the use of floor polishers that adhere to green building standards is a key consideration. These polishers not only enhance the aesthetic appeal of floors but also ensure their longevity while minimizing environmental impact.
Furthermore, the lack of skilled professionals in the market may pose a challenge, but the growing demand for sustainable flooring solutions is expected to drive the market forward.
The market is witnessing significant growth due to the increasing demand for automation and eco-friendly solutions in construction activities and real estate. The integration of AI technology and IoT is revolutionizing the floor polishing industry, enabling automatic, semi-automatic, and manual operation of mercury floor machines. AI-driven functionalities, such as ultrasonic sensors and Arduino Nano programming, ensure precise and efficient floor polishing, minimizing human errors and enhancing productivity. Manual operation continues to be prevalent in small-scale projects, while industrial robots and automation are gaining popularity in large-scale construction and real estate developments.
Furthermore, eco-friendly products, such as non-toxic and biodegradable cleaning agents, energy-efficient technologies, and recyclable parts, are becoming essential in the floor polishing market. The carpet and concrete flooring sectors are the primary consumers of these solutions, as they prioritize sustainability and cost-effectiveness. In conclusion, the floor polishing market is poised for growth, driven by the adoption of AI technology, IoT connectivity, and automation in construction and real estate. The focus on eco-friendly practices and energy-efficient technologies is further fueling market expansion.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The non-residential segment is estimated to witness significant growth during the forecast period. The market has experienced significant growth due to its increasing adoption in commercial buildings such as offices, hospitals, schools, retail stores, and malls. In many cases, tenants of these buildings are unable to make permanent modifications, making floor polishers an essential tool for maintaining the appearance of the flooring. This trend is particularly prevalent in developing countries like China and India, where the construction of commercial buildings is on the rise. For instance, the expansion of the IT, telecommunications, and outsourcing industries in India has led to a rise in demand for office space in metropolitan areas.
Consequently, automatic and semi-automatic floor polishers are increasingly being used to maintain the floors of these commercial spaces, making the market for floor polishers a promising one during the forecast period. Carpet, concrete, stone, and wood floors all benefit from the use of floor polishers, ensuring a clean and well-maintained appearance for businesses.
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The non-residential segment was valued at USD 9.69 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market witnessed substantial growth in the Asia Pacific (APAC) region in 2023, accounting for a significant market share. The expansion is attributed to the escalating construction activities in the residential and commercial sectors across the region. The construction industry in APAC is projected to expand at a noteworthy pace during the forecast period. Major contributors to the construction industry's revenue in the region include China, Singapore, and India. In China, numerous construction projects are slated for completion during the forecast period, fueling the demand for floor polishers for various floor types, such as carpet, concrete, stone, and wood, in the country.
Furthermore, developing countries like China, the Philippines, India, Indonesia, and Thailand are poised to fuel the growth of the market in the region.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Global growth in commercial sector is notably driving market growth. The market encompasses a range of machines designed for polishing various flooring types, including carpet, concrete, stone, wood, and tile, as well as grout. These machines come in different operation modes: manual, automatic, and semi-automatic. Advanced technologies like AI technology and the Internet of Things (IoT) are increasingly integrated into floor polishers, enabling automation and remote monitoring. Arduino Nano programming and ultrasonic sensors are used to enhance functionality. In the residential and commercial sectors, floor polishers find extensive application in real estate and construction activities. Mercury Floor Machines and other eco-friendly, energy-efficient products are gaining popularity due to their non-toxic, biodegradable cleaning agents and recyclable parts. Green building certifications, such as LEED, encourage the adoption of sustainable facility management practices, further fueling market growth.
In addition, the market is expanding, with online sales channels and offline sales through gardening tools markets and industrial suppliers. Innovations like IoT connectivity, AI-driven functionalities, and energy-efficient technologies are transforming the industry. Lightweight floor-cleaning machines and green cleaning technology are key trends in the market. In the construction industry, concrete floor polishers and stone floor polishers are widely used for renovation and new projects. Wood floor polishers are popular for residential applications. These machines contribute significantly to sustainable facility management, making them essential tools for industrial and commercial spaces. Thus, such factors are driving the growth of the market during the forecast period.
Increasing number of skyscrapers is the key trend in the market. The market is witnessing significant growth due to the increasing demand for automated and energy-efficient floor cleaning solutions in both residential and commercial applications. AI technology and IoT connectivity are revolutionizing the industry, with automatic and semi-automatic operation becoming increasingly popular. Mercury Floor Machines, for instance, offer ultrasonic sensors for precise cleaning and can be programmed using Arduino Nano. Construction activities, particularly in real estate, are driving market growth. Eco-friendly products, such as non-toxic, biodegradable cleaning agents, and energy-efficient technologies, are gaining traction. Lightweight floor-cleaning machines, including concrete, stone, wood, and tile polishers, are in high demand. Sustainable facility management and green building certifications are also influencing market trends. The market is expanding beyond traditional applications, with gardening tools market players entering the fray.
Online sales channels are growing, but offline sales remain significant. Industrial robots and automation are being integrated into production processes, ensuring high-quality, consistent output. Recyclable parts and green cleaning technology are essential for sustainable manufacturing. In summary, the Floor Polisher Market is experiencing strong growth due to the increasing demand for automated, energy-efficient, and eco-friendly floor cleaning solutions in residential and commercial applications. AI-driven functionalities, IoT connectivity, and green cleaning technology are key trends shaping the market. Thus, such trends will shape the growth of the market during the forecast period.
Lack of skilled professional is the major challenge that affects the growth of the market. The Floor Polisher Market encompasses a range of machines designed for polishing and maintaining various flooring types, including carpet, concrete, stone, wood, and tile. Advanced technologies, such as AI technology and the Internet of Things (IoT), are increasingly being integrated into these machines for automation and enhanced functionality. Manual, automatic, and semi-automatic operation options cater to different user needs. In the construction industry, floor polishers are essential for both residential and commercial applications. Mercury Floor Machines, for instance, offer eco-friendly products and energy-efficient technologies, aligning with the trend towards sustainable facility management and green building certifications. Arduino Nano programming and ultrasonic sensors enable advanced features like automatic adjustment to floor conditions. IoT connectivity and AI-driven functionalities further streamline operations and optimize resource usage.
Also, the market also benefits from lightweight, energy-efficient floor-cleaning machines, adopting green cleaning technology and sustainable products. As the demand for eco-friendly and cost-effective solutions grows, the market for floor polishers continues to expand. Construction and real estate sectors are significant contributors to the market, with a focus on industrial robots and non-toxic, biodegradable cleaning agents. The integration of recyclable parts and emphasis on energy-efficient technologies further enhances the market's appeal. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Boss Cleaning Equipment Co. - The company offers floor polishers that deliver heavy-duty performance in a wide range of flooring environments and is equipped with fingertip controls, handle mounted lockout switch, and a safety-yellow cord with convenient cord, under the brand name BOSS Cleaning Equipment.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing adoption of automation and advanced technologies in construction activities. AI technology and IoT connectivity are transforming traditional floor polishers into intelligent devices, enabling automatic and semi-automatic operation. The autonomous floor polishing machine, equipped with an ultrasonic sensor and a speech recognition AI engine, offers automatic operation for both Commercial and residential sectors, is available through various online sales channel and offline sales channel, and includes models designed for concrete floor polisher, stone floor polisher, and wood floor polisher. These technologies are particularly useful in large-scale commercial applications, such as malls, offices, and hospitals. Manual operation still dominates the commercial application and Residential application segment, but the trend is shifting towards energy-efficient and eco-friendly products. Mercury floor machines are gaining popularity due to their lightweight design and green cleaning technology. These machines use non-toxic, biodegradable cleaning agents and recyclable parts, making them an attractive option for sustainable facility management.
Furthermore, carpet, concrete, stone, wood, tile, and grout are common floor types that require polishing. Floor polishers are used in various industries, including construction, real estate, and the gardening tools market. The market is expected to grow further due to the increasing demand for energy-efficient products and green building certifications. AI-driven functionalities, such as ultrasonic sensors, are being integrated into floor polishers to improve performance and efficiency. Industrial robots are also being used to automate the polishing process, reducing labor costs and increasing productivity. Online sales channels are becoming increasingly popular, offering convenience and competitive pricing to consumers. However, offline sales channels continue to dominate due to the need for hands-on evaluation and customer support.
Market Scope |
|
Report Coverage |
Details |
Page number |
131 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.17% |
Market growth 2024-2028 |
USD 5.90 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.49 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 49% |
Key countries |
China, US, Germany, Canada, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A One Industries, B and G Cleaning Systems Ltd., Boss Cleaning Equipment Co., Crusader Mfg. Inc., EDIC, Hawk Enterprises, Alfred Karcher SE and Co KG., Koblenz Electrica, Mastercraft Industries Inc., Mercury Floor Machines Inc., Minuteman International, Nilfisk AS, NSS Enterprises Inc., Pacific Floorcare, Surie Polex Industries Pvt. Ltd., Tacony Corp., Tennant Co., and TTK Prestige Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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