Concrete Polishing and Grinding Machines Market

Concrete polishing and grinding machine is a device which is used for the making concrete surface even by grinding and polishing. It consists of a diamond tool or silicon carbide to grind and polish the concrete surface. Diamond grinding cup wheels and diamond polishing pads are the types of diamond tool which are most commonly used in concrete polishing and grinding machine. Diamond tooling comes in range varying from 6 grit to 1800 grit, which is the maximum unit of polishing. Concrete polishing and grinding machines are designed to handle high stress and have more power to drive because of high friction in concrete surface. Double and single headed machines and four and three headed machines are the types of concrete polishing and grinding machine which are available in the market. Concrete polishing and grinding machine are widely used by residential and commercial construction industries due to high demand of polished and uniform structures in residential and commercial office buildings. Rise in growth of construction industry is expected to boost the demand for concrete polishing and grinding machines in near future.

COVID-19 Impact analysis

• COVID-19 pandemic has shut down the production of various products in the concrete polishing and grinding machines industry attributed to the lockdown in countries worldwide. This has hampered the growth of concrete polishing and grinding machines market in 2020 and, is likely to revive in 2021.
• COVID-19 has already affected the sales of concrete polishing and grinding machines in the second and third quarter of 2020 and is reviving in 2021.
• The major demand for concrete polishing and grinding machines was previously noticed from countries including the U.S., Germany, Italy, UK, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for concrete polishing and grinding machines.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Concrete polishing and grinding machines manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
• Concrete polishing and grinding machines manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

Concrete floors are strong and more shock resistance than marble flooring. These are more durable than tiles and other flooring material. Concrete floors are gaining attraction across the world due to these properties. Concrete polishing and grinding machines are widely used by constructors, which provide a better finishing and appealing look to concrete floors for smoothening and polishing. These are the factors driving the growth of the concrete polishing and grinding machines market. In addition, concrete polishing and grinding machines are very easy to handle and allow flexibility of movement to operator which makes it one of the best options for floor polishing and grinding. Concrete polishing and grinding machines market share harmony with construction market. Rapid growth of construction market is another factor which provides a platform to the market of concrete polishing and grinding machines.

Market Trends

• Asia-Pacific is the largest consumer of concrete polishing and grinding machines due to rapid construction in China and India. North America holds the second largest revenue portion followed by Europe.
• Consistent improvements are done by manufacturers of concrete polishing and grinding machines to enhance the efficiency and effectiveness. For Example, Husqvarna has invented a dual drive technology which allow the planetary heads and grinding disc motion in opposite and same direction which increase its efficiency and effectiveness.
• In January 2019, HTC has launched a new grinder machine named HTC 510 which consists of a dust extractor which makes it multi-functional. This is expected to boost the demand for new variety of concrete polishing and grinding machines.

Key Benefits of the Report

• This study presents the analytical depiction of the concrete polishing and grinding machines market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the concrete polishing and grinding machines market share.
• The current market is quantitatively analyzed to highlight the concrete polishing and grinding machines market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides detailed concrete polishing and grinding machines market analysis based on competitive intensity and how the competition will take shape in coming years.

 Concrete Polishing and Grinding Machines Market Report Highlights