Sanding Machine Market Forecast and CAGR
According to latest research study by FactMR, sanding machine market is set to witness steady growth during assessment period. Demand will witness steady recovery in short-term, with optimistic growth outlook in the long-run. The adoption of urbanization and industrialization is providing sufficient opportunities for sanding machines production.
However, muted demand from construction industry is anticipated to limit the opportunities in the next couple of years, sales of sanding machine in wood designing sector will provide momentum during the forecast period.
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What is Driving Demand for Sanding Machine?
- Adoption of urbanization and industrialization and expansion of construction across the globe is anticipated to surge the demand for sandblaster.
- Government investment for infrastructure development has witnessed sufficient demand for sanding machines in historical period and most likely to follow the same trend during the assessment period.
- Evolving demand from end-use industries such as wood designing industry, construction and handcraft industry is predicted to give a positive response to global sanding machine market since it is extensively been utilized for vivid purposes such as slug removing, smoothing the surface and other applications.
Construction Recovery Likely to Augment Sanding Machine Sales
Construction sector around the globe have been impacted by COVID-19-induced slowdown. This has also had a ripple effect on the demand of sanding machine other materials associated with it. Sanding machines are used extensively in construction and metalworking sectors for surface texturing. The application includes the removal of slugs and dust particles, polishing, finishing and deburring for the metallic and non- metallic surface to enhance durability and providing a better appearance will surge the demand for the sandblaster.
Sanding machine is also used extensively for commercial purposes, as high demand for interior decoration has been observed in recent years and it is poised to follow the same trajectory during the forecast period.
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North America Sanding Machine Market Outlook
North America the largest markets for sanding machine globally. This region holds the highest share of sanding machine market. The demand is set to trend on the historic pattern during the assessment period 2021-2031. However, muted demand from construction industry is anticipated to limit the opportunities in the next couple of years.
Demand for sanding machine in US and Canada will be led by construction sector. Commercial utilization also accounts for significant sale and is poised to remain high in upcoming years. US sanding machine sales will also be impacted by the construction sector in early 2020 but in upcoming years the requirement from consumers are likely to surge due to high investment for infrastructure development.
Asia Pacific Demand Outlook for Sanding Machine
Asia Pacific region also holds the considerable market share of sanding machine. The key countries like India and China have witnessed rapid urbanization, industrialization and infrastructural development activities in the past few years, which will enable a positive impact on the market development in the Asia Pacific region.
Countries such as India, China, ASEAN, and Australia are anticipated to create significant opportunities for manufacturer and distributors in the near future, due to high demand of advanced sanding machinery which make operation easier and provide better outlook to the surface.
Who are the Key Manufacturers and Suppliers of Sanding Machine?
Some of the leading manufacturers and suppliers of sanding machine include
- 3M Company
- Costa Lavigatrici S.p.A
- Grind Master
- Hutchins Manufacturing
- IMEAS spa
- Ingersoll Rand
- Karl Heesemen Maschinenfabrik GmbH & Co KG
- Makita Corporation
- Nittom Kohki
- Power Master Motorposts
- Robert Bosch Tool Corporation
- Super Polish Machine Co. Ltd.
- Valgro Hyzer.
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