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NEW YORK , Oct. 17, 2023 /PRNewswire/ -- The floor grinding tool market is expected to grow by USD 33.43 million from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 4.86% during the forecast period. The market is segmented by application (grinding, honing, polishing, and burnishing), type (concrete, wood, and marble), and geography (APAC, North America , Europe , Middle East and Africa , and South America ). The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report Wet Polishing Pads Granite
Rapid growth in the global construction industry is a key factor driving market growth. Housing has been the key contributor to this growth, which continues to be driven by growing investments in European housing. The growth of the European construction sector is expected to be mainly driven by the Netherlands , Denmark , and Germany . In addition, the most rapidly expanding construction markets are APAC, China , Indonesia , and India.
The report analyses the market size and growth and provides accurate predictions on the growth of the market. View FREE PDF Sample Report
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The construction and mining equipment market size is estimated to grow at a CAGR of 6.7% between 2022 and 2027 and the size of the market is forecast to increase by USD 62.13 billion.
The construction dumper market size is estimated to grow at a CAGR of 4.85% between 2023 and 2027. The market size is forecast to increase by USD 3,505.05 million.
Drivers, Challenges, & Trends
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