Product Code: ETC301528 | Publication Date: Aug 2022 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The polishing and finishing machines market revenue stood at around US$ 44 Million in 2019 and is anticipated to grow with a CAGR close 2.1% during the forecast period on account of accelerating investment expenditure by stakeholders especially from furniture making, electrical appliances manufacturing companies among others. Increasing focus towards automation solutions along with changing consumer preference favouring high finish products have been fuelling demand outlook within such machinery space particularly across developing economies like Indonesia. In addition favorable regulatory framework regarding imports are likely encouraging vendors thereby ushering positive trends within this particular subspace over near term time frame.
The polishing and finishing machines market in Indonesia is witnessing growth due to the growing manufacturing and construction sectors in the country. Polishing and finishing machines are essential for achieving smooth and refined surfaces on various materials, including metals, ceramics, and plastics. One of the key drivers for this market is the rising demand for high-quality finished products in industries such as automotive, electronics, and jewelry. As consumer expectations for aesthetics and product performance increase, manufacturers seek advanced polishing and finishing solutions to meet these demands. Additionally, the construction of new infrastructure and commercial projects in Indonesia fuels the demand for polishing and finishing machines in the stone and concrete processing industries. Moreover, the shift towards automation and the incorporation of smart technologies in manufacturing processes are driving the adoption of automated polishing and finishing machines, further boosting market growth.
The market faces challenges, one of which is the competition from manual polishing methods that are still prevalent in some industries. Convincing traditional users to adopt automated polishing and finishing machines may require effective marketing and education about the benefits of automation. Additionally, the market might face fluctuations in demand, especially during economic downturns when manufacturing activities may slow down, affecting the need for such machines.
The COVID-19 pandemic. With industrial activities being disrupted, manufacturing companies reduced their capital expenditures, affecting the demand for new machinery, including polishing and finishing machines. Additionally, the implementation of health and safety protocols and restrictions on workforce capacity impacted production capacities. However, as industries recover and resume their operations, the demand for polishing and finishing machines is expected to pick up again, driven by the need for improved aesthetics and product quality.
The Indonesia polishing and finishing machines market is expected to experience significant growth due to the rising demand for high-quality finished products in various industries, including automotive, electronics, and jewelry. Polishing and finishing machines play a crucial role in achieving smooth and polished surfaces on materials. The market growth is further driven by the increasing awareness of the importance of surface aesthetics and quality in end products. Key players in this market could include companies like PT. Fuji Presisi-Tool Indonesia, PT. Gesswein Prima Utama, and PT. Leeden Indonesia.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Polishing and Finishing Machines Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Polishing and Finishing Machines Market Revenues & Volume, 2020 & 2030F |
3.3 Indonesia Polishing and Finishing Machines Market - Industry Life Cycle |
3.4 Indonesia Polishing and Finishing Machines Market - Porter's Five Forces |
3.5 Indonesia Polishing and Finishing Machines Market Revenues & Volume Share, By Mode Of Operation, 2020 & 2030F |
3.6 Indonesia Polishing and Finishing Machines Market Revenues & Volume Share, By Applications, 2020 & 2030F |
3.7 Indonesia Polishing and Finishing Machines Market Revenues & Volume Share, By Method Used, 2020 & 2030F |
3.8 Indonesia Polishing and Finishing Machines Market Revenues & Volume Share, By Abrasive Type, 2020 & 2030F |
3.9 Indonesia Polishing and Finishing Machines Market Revenues & Volume Share, By End Use Industries, 2020 & 2030F |
4 Indonesia Polishing and Finishing Machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Polishing and Finishing Machines Market Trends |
6 Indonesia Polishing and Finishing Machines Market, By Types |
6.1 Indonesia Polishing and Finishing Machines Market, By Mode Of Operation |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Mode Of Operation, 2020-2030F |
6.1.3 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Hand Held, 2020-2030F |
6.1.4 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Semi-automatic, 2020-2030F |
6.1.5 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Automatic, 2020-2030F |
6.2 Indonesia Polishing and Finishing Machines Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Lapping, 2020-2030F |
6.2.3 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Super-finishing, 2020-2030F |
6.3 Indonesia Polishing and Finishing Machines Market, By Method Used |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Barrel Finishing Machine, 2020-2030F |
6.3.3 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Vibratory Finishing Machine, 2020-2030F |
6.3.4 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Abrasive Blasting, 2020-2030F |
6.4 Indonesia Polishing and Finishing Machines Market, By Abrasive Type |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Flexible Belt, 2020-2030F |
6.4.3 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Brush, 2020-2030F |
6.4.4 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Disc, 2020-2030F |
6.5 Indonesia Polishing and Finishing Machines Market, By End Use Industries |
6.5.1 Overview and Analysis |
6.5.2 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Leather, 2020-2030F |
6.5.3 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Clothing, 2020-2030F |
6.5.4 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Automotive, 2020-2030F |
6.5.5 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Medical, 2020-2030F |
6.5.6 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Jewelry, 2020-2030F |
6.5.7 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Plastic, 2020-2030F |
6.5.8 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Furniture, 2020-2030F |
6.5.9 Indonesia Polishing and Finishing Machines Market Revenues & Volume, By Furniture, 2020-2030F |
7 Indonesia Polishing and Finishing Machines Market Import-Export Trade Statistics |
7.1 Indonesia Polishing and Finishing Machines Market Export to Major Countries |
7.2 Indonesia Polishing and Finishing Machines Market Imports from Major Countries |
8 Indonesia Polishing and Finishing Machines Market Key Performance Indicators |
9 Indonesia Polishing and Finishing Machines Market - Opportunity Assessment |
9.1 Indonesia Polishing and Finishing Machines Market Opportunity Assessment, By Mode Of Operation, 2020 & 2030F |
9.2 Indonesia Polishing and Finishing Machines Market Opportunity Assessment, By Applications, 2020 & 2030F |
9.3 Indonesia Polishing and Finishing Machines Market Opportunity Assessment, By Method Used, 2020 & 2030F |
9.4 Indonesia Polishing and Finishing Machines Market Opportunity Assessment, By Abrasive Type, 2020 & 2030F |
9.5 Indonesia Polishing and Finishing Machines Market Opportunity Assessment, By End Use Industries, 2020 & 2030F |
10 Indonesia Polishing and Finishing Machines Market - Competitive Landscape |
10.1 Indonesia Polishing and Finishing Machines Market Revenue Share, By Companies, 2023 |
10.2 Indonesia Polishing and Finishing Machines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |