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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 180
Countries covered: 18
Pages: 220
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Polishers Market
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Polishers Market Size
The global polishers market size was valued at USD 695.8 million in 2023 and is estimated to grow at a CAGR of over 7% from 2024 to 2032. One of the emerging sectors globally is the polishers’ market and automotive sector plays a major role in the growth of the polishers’ market globally. The increase in vehicle ownership, raised disposable income and great inclination towards the aesthetics of the vehicle has largely propelled the growth of the vehicle detailing sector which includes the cleaning, waxing, buffing and polishing processes.
Developed regions such as US and Europe as well as developing markets including India and China are witnessing a surge in the number of vehicles hence the demand for professional detailing services is on the rise. Polishing and relishing the cars is becoming a strategy to keep their resale value intact and developing nations are witnessing an increase in car ownership due to an overall increase in disposable income. As car detailing transitions into becoming a professional service, the need for user-friendly high-end polishers is increasing. Polishers are embracing the current trend in understanding the best practices of preserving their cars by maintaining their outer body and the interior finish.
Polishers Market Trends
Polishers Market Analysis
In terms of product type, polishers are divided into rotary, dual action and random orbital polishers. In 2023 it was estimated that the rotary polishers market would be worth around USD 309.5 million, and it can be expected to grow at compound annual rate of about 6.4% between 2024 and 2032.
On the basis of the source of power, electric segment had an approximate 42% share of the polishers market operating globally in 2023 and is projected to expand at a CAGR of 7.7% ithrough 2032 while being categorized into electric, gas and pneumatic sources.
U.S. polishers market was valued at USD 147 million 2024 and is set to exceed more than 7.1% CAGR from 2024 to 2032.
Country-level Analysis
North America: The US currently accounts for about 79% of the total North America polishers market, making it the largest market share. The US construction industry is steadily expanding; particularly, the demand for commercial real estate, renovation and infrastructure is on the rise. As a result, there has been an increased need for polishers in floor polishing, marble and stone surface finishing and other coating purposes in the residential and commercial sectors. There has been a rise in activities regarding the renovation and remodeling of homes, especially in the suburbs, and this has also increased the necessity for polishers meant for the finishing of floors and surfaces. Rotary and electric polishers are important tools in restoring the luster in hardwood floors, tiles, marbles, and concrete surfaces.
On the other hand, Canada polishers market demonstrates significant increase with the growth rate of approximately 5.2% through 2032 onward. In Canada, the competitive housing market continues to push homeowners in California of marble finishing, floor polishing and other related surface activities. Because of this, users prefer to purchase high-grade polishers for their maintenance work. The economy of Canada is developing fast, so users demand polishers for house building purposes and Canadian cities Toronto, Vancouver, Montreal are also getting rapidly urbanized. Polishing tools are critical in ensuring a clean finish to office buildings, shopping centers and high-end homes. The automotive sector in Canada is booming, which also covers vehicle ownership and the aftermarket industry. There is a significant increase in the use of polishing tools for the detailing and restoration of vehicles as consumers have begun to pay more attention to the appearance of their vehicles and the services required to maintain them.
Asia Pacific: in 2023 with an approximate share of around 41% the Asia Pacific region is predicted to dominate the polishers market and register a CAGR of 8.2% throughout the projected timeframe. In comparison to other nations, China market demonstrated a promising growth rate of roughly 10.1 % through 2032.
China and its neighbors have gone through a significant amount of industrialization over the past few decades. This development in the manufacturing sector, especially in automotive, electronics, metalworking and precision engineering, has led to a growing demand for polishing tools. Because electric polishers are required for producing high-quality surface finishes, investing in electric polishers is vital in such regions. The Chinese markets in the automotive and aerospace industries require smooth surfaces in metal and composite materials where electric polishers will be increasingly used in industrial plants located in the country.
As the biggest hub for automobiles production, China has increased the demand for polishing tools during the production and after process of the cars, these include but are not limited to paint correction and detailing. Moreover, the increasing number of residential, commercial, and construction projects in China has resulted in an increased demand for polishing tools for floor polishing, stone finishing and building surface restoration as well. Polishing is one of the key aspects in the final touch on materials such as marble, granite and polished concrete that are used in construction sites all over China.
Polishers Market Share
In 2023, the market share of the most important companies, such as Makita, Bosch, Festool, Milwaukee, etc. was in the range of 30–35 percent. These companies actively used M&A, new expansions and joint ventures in order to improve and broaden their scope of products, access more clients and increase their standing in the market.
To satisfy the evolving needs and wants of industry, companies are heavily investing in research and development to construct more modern and intelligent polishers. Competitive strategies often take the form of product differentiation through the addition of new features, and geographical extension into new markets. In such a volatile environment, i.e., those who are oriented towards innovation and changes in the market are likely to achieve these most favorable growth results.
Polishers Market Companies
Major players operating in the Polisher industry are:
Polishers Industry News
This polishers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Thousand Units) from 2021 to 2032, for the following segments:
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Market, By Product Type
Market, By Power Source
Market, By Technology
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: