Floor Pad Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global floor pad market to grow at a CAGR of 3.59 % during the period 2017-2021 .
According to the report , one of the major drivers for this market is growth in global industrial production . Industrial production ( includes manufacturing , mining , and construction ) is the prime growth driver for the global floor pad market . The global economy has recovered considerably since the economic downturn of 2008 , driven particularly by the robust growth in the manufacturing sector in most regions . The demand for manufactured goods is constantly rising due to rapid infrastructural development , favorable federal policies , and rising disposable incomes .
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Further , the report states that one of the major factors hindering the growth of this market is slowdown in non-residential sector . Non-residential construction expenditure could slow down in 2016-2017 in the wake of a turbulent global economy and political instability in many countries . However , at the same time , the decelerating overall economy could somewhat extend to the construction industry , with the biggest drop-off expected in the industrial facility sector over the next year and a half .
About floor pad
Floor pads are used for cleaning , buffing , burnishing , scrubbing , as well as floor stripping .
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Covered in this report
The report covers the present scenario and the growth prospects of the global floor pad market for 2017-2021 . To calculate the market size , the report considers the revenue generated from the retail sales of the industrial floor pads worldwide .
The market is divided into the following segments based on geography : APAC Europe North America ROW