The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The floor polishing machine market has witnessed robust growth in recent years, with a market size surging from $15.12 billion in 2023 to $15.93 billion in 2024 at a CAGR of 5.4%. The momentum is expected to persist, projecting a market value of $19.8 billion in 2028, driven by various factors such as eco-friendly solutions, health concerns, aging infrastructure, and urbanization.

Home Renovation Boom Powering Market Expansion

The Surge in Home Renovations

• Home renovations contribute significantly to the market’s growth.
• Homeowners emphasize retaining or restoring the natural beauty of hardwood floors during renovations.
• Floor polishing machines play a crucial role in sanding, refinishing, and refreshing hardwood floors.

Impressive Spending Statistics

• In 2020, homeowners spent $337 billion on upgrades and repairs.
• The expenditure increased to $368 billion in 2021 and is expected to reach $427 billion in 2022.

Market Implications

• The escalating demand for home renovations propels the floor polishing machine market.

Key Players in the Market

• Major companies driving the floor polishing machine market include:
  • Alfred Karcher GmbH & Co. KG
  • Tennant Company
  • Hako GmbH
  • Nilfisk Group
  • Clemas & Co. Ltd.
  • Tornado Industries Inc.
  • And more.

Read The Full Floor Polishing Machine Market Report Here:
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Technological Advancements Reshaping the Landscape

Pioneering Trends

• Technological advancements emerge as a significant trend in the floor polishing machine market.
• Companies focus on innovation to meet consumer demands and strengthen their market position.

Tennant Company’s Breakthrough

• Tennant Company introduces lithium-ion technology to autonomous mobile robot machines, enhancing productivity and reducing costs.

Goodway Technologies’ Strategic Move

• Goodway Technologies acquires Doman, SRL, adding world-class dry steam technology to its capabilities.
• Doman, SRL, an Italy-based manufacturer, specializes in dry industrial steam cleaning systems.

Market Segmentation

• The floor polishing machine market is segmented based on:
  1. Floor Type: Carpet, Concrete, Stone, Wood, Tile and Grout, Other Floor Types
  2. Operation Type: Manual, Automatic, Semi-Automatic
  3. Sales Channel: Online, Offline
  4. Application: Residential, Commercial, Other Applications

Asia-Pacific Dominance

• In 2023, Asia-Pacific claimed the largest share in the floor polishing machine market.
• The region’s dominance signifies a thriving market presence and potential growth opportunities.

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The Floor Polishing Machine Global Market Report 2024  provides an overview of the floor polishing machine market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The floor polishing machine market forecast analyzes floor polishing machine market size, floor polishing machine market share, leading competitor and their market positions.

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