With a CAGR of 4.5%, the market for floor grinding tools will be valued $155 million by 2027.

According to a market research report, the “Floor Grinding Tools Market by Application (Grinding, Honing, Polishing, Burnishing), Floor Type (Concrete, Wood, Marble), Polishing Type (Dry Polishing, Wet Polishing), Region( North America, Europe, APAC, MEA, RoW) – Global Forecast to 2027″, size is projected to grow from USD 124 million in 2022 to USD 155 million by 2027, at a CAGR of 4.5% from 2022 to 2027. The growth of the floor grinding tools   market is attributed to increasing consumer preference for polished floors in residential buildings. The upscaling demand for residential, commercial, and healthcare buildings is driving the demand for floor grinding tools. In 2020, the floor grinding tools market was significantly impacted by the COVID-19 pandemic, with a substantial decline in its CAGR. However, recovery was witnessed with a positive impact on the floor grinding tools   market because of demand in the construction sector in 2021.

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This report also provides a comprehensive analysis of the companies listed below:

The floor grinding tools market comprises major solution providers, Husqvarna Group (Sweden), Tyrolit Group (Austria) Diamag  (Netherlands), Klindex (Italy), Shenzhen Idimas Holding Co., Ltd. (China), SASE Company, LLC (US), Balstrac (US), Scanmaskin Sverige AB (Sweden), DRS Floor (Germany), Superabrasive Inc. (US) and Linax Co. Ltd (China) among others.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Floor Grinding Tools Market.

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Husqvarna Group is the largest player in the floor grinding tools market, with 22.1% in 2021. Husqvarna Group manufactures outdoor power products for forest, park, and garden care. Further, the company provides garden watering products, cutting equipment and diamond tools for the construction and stone industries. The company operates its business through the mentioned segments: Husqvarna Forest & Garden, Gardena, and Construction. The Husqvarna segment comprises outdoor products, including chainsaws, trimmers, and mowers for forest, park, and garden care. The Gardena segment consists of garden watering and hand tools. The consumer brands segment focuses on product offerings related to forests and gardens. The construction segment includes professional equipment and diamond tools which are used for cutting and drilling concrete, stone, tile, asphalt, and masonry. The company’s largest end markets are North America and Europe.

Tyrolit Group is the second-largest player in the floor grinding tools market, with a share of 2.3% in 2021. It is one of the leading manufacturers of bonded grinding, cutting, sawing, drilling, and dressing tools. The company was established in 1919 and is headquartered in Schwaz, Austria. It operates through 29 production sites in 11 countries worldwide. It manufactures around 80,000 different products in three business divisions: Construction, Metal/Precision, and Stone–Ceramics–Glass.

Diamag is the third-largest player in the floor grinding tools market, with a share of 1.9% in 2021. It is a global manufacturer of diamond products for the surface preparation industry. Diamag develops diamond solutions for planetary grinders, single disc grinders, burnishers, and other grinding-related machines. The company’s product line includes diamond cup wheels from Ø50 mm to Ø180 mm, diamond discs Ø250 mm, PCD tools, diamond wings for planetary grinders, polishing tools, and bush hammering tools.

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