Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of a dry sanding machines market. The study is titled as “Dry Sanding Machines Market forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2018-2028. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global dry sanding machines market.
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Powered Dry Sanding Machines Gain Ground
Dry sanding systems continue to witness significant demand from end use industries such as the automotive aftermarket, construction and infrastructure and other industrial applications owing to its abrasive uses to facilitate smoothness and appearance. Initially, manual dry sanding systems were being employed, given the growing labor force, especially in emerging economies, to level surfaces and automotive dents. However, with higher force, the quality of sanding procedure becomes questionable owing to human limitations. With power dry sanding system, higher accuracy and efficiency, convenience and reliability can be achieved even at higher speeds. Functioning of power dry sanding systems can enable quicker abrasion and finishing. This factor is expected to fuel the demand for power dry sanding systems during the assessment period.
Automotive Aftermarket – A Sweet Spot for Dry Sanding Systems
Automotive aftermarket is shifting towards repairing of older vehicles. During 2009 recession, sales of passenger vehicles witnessed steep drop of nearly 40 percent, which resulted in increasing vehicle age rate to 11.7 years that has extended the ownership to 73 months, on an average and Individuals are maintaining their vehicles for a longer period of time. In addition, increasing preference of people to paint or refurbish their old cars has pushed the aftermarket for automotive. This factor has triggered the use of abrasive machines to remove dents or old paint and levelling of various parts of the vehicle. Dry sanding systems play a major role in supporting wet sanding and painting of the automobile. Dry sanding systems facilitate efficient application of paint on the surface, which makes them a key aftermarket assembly in automotive service shops worldwide. The pervasiveness of the automotive aftermarket is anticipated to emboss a positive influence on the adoption of dry sanding systems consequently pushing the growth of its market.
The adoption of dry sanding systems has been largely witnessed in emerging economies such as China and India. This can be attributed to the growing vehicle parc in these countries, followed by growing repair and maintenance activities. Being a potential aftermarket, countries in emerging economies are expected to reflect high market attractiveness for manufacturers involved in dry sanding systems. Moreover, favorable business environment in these countries is expected to accelerate the manufacturing and adoption of dry sanding systems augmenting growth of the entire dry sanding systems market during the assessment period.
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New Construction Projects and Flooring Refurbishment to Complement Growth
Spending on construction activities continues to steadily increase across several regions worldwide. For instance, in the United States, a 4 percent increase in construction spending was witnessed in 2017 and is anticipated to grow by 5 percent by end of 2018. This has spurred the development of commercial and the residential sector. According to International Monetary Fund (IMF) analysis, the global housing markets are witnessing a steady climb. This has fueled the growth of the flooring market, with increased consumer spending on upgrading flooring of their residential properties as well as office spaces. Moreover, due to exorbitant pricing or redoing hardwood floors, customers are largely preferring refurbishing and recoating of their existing structures, especially ceilings and floorings. This aspect is expected to support the use of dry sanding systems as they are largely used in hardwood restoration to provide enhanced appearance and finishing.
Notable Developments in Dry Sanding
With increasing competition, key participants in the dry sanding systems market have been focusing on innovations and product developments to enhance their global presence and hold over the market. For instance, 3M has introduced a complete automotive sanding system – the 3M Total Automotive Sanding System – that facilitates new surface finishing and preparation. Likewise, KWH Mirka Ltd., has introduced a new sanding system, the Mirka DEOS electric sander that delivers a dust free sanding experience. In addition, due to its brushless motor and electronic motor braking, it becomes easier to control the motor speed. Also, measurement of levels of vibration can be carried out by connecting Mirka DEOS to mnMirka app via Bluetooth.
The report on dry sanding systems market includes a complete business outlook of several key participants, vendors and distributors operating in the market. In addition, their key developments and product synopsis has also been covered in the report. KWH Mirka Ltd., Kovax, 3M Company, Robert Bosch Power Tools GmbH and Stonegate are few key participants profiled in the report.
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