Global Ride-on Power Trowel Market Share, Growth Analysis & Trends Forecasted during 2017 - 2026

The global ride-on power trowel market is projected to register a moderate expansion through the forecast period (2017-2026), according to a report recently developed by FactMR. Global sales of ride-on power trowels will surpass 30,000 units by 2026-end. Global volumes are expected to grow at a CAGR of 2.7% during the assessment period.

The scope of the FactMR’s report is to analyze the global ride-on power trowel market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. Ride-on power trowel manufacturers, suppliers, and stakeholders in the global industry can benefit from the analysis offered in this report.

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Ride-on power trowels are construction equipment employed for trowelling concrete surfaces through floating and finishing operations. Operated by a human riding over the machine, ride-on power trowels provide smooth finishes to concrete surfaces. The power trowel situated at the bottom of the equipment is controlled by the riding operator based on the requirement.

Intensifying demand for high production and superior floating & finishing jobs has been simulating technology improvements. Non-overlapping ride-on power trowels are in high demand among contractors on the back of their superior floating provision and cost-effectiveness. However, lack of operator comfort, and need for regular maintenance of this sophisticated equipment, coupled with the high operation costs are key factors expected to stymie adoption of ride-on power trowels, particularly among small contractors. According to a recent research study compiled by FactMR, global ride-on power trowel market will exhibit an average growth throughout the forecast period, 2017 to 2026. Over 33,000 units of ride-on power trowels are estimated to be sold globally by 2026-end.

4 Key Future Prospects of Ride-on Power trowel Market for Forecast Period 2017-2026

Of all the regional segments included in the report, Asia-Pacific excluding Japan (APEJ) has been projected to register a relatively faster expansion in the global ride-on power trowel market through 2026. In addition, sales of ride-on power trowels in APEJ will account for the largest market share through the forecast period. Europe and North America are also anticipated to remain remunerative regions for the market growth. Sales from ride-on power trowel sales in these two regions will collectively exceed 15,000 units by 2026-end.

Mechanical ride-on power trowel is anticipated to remain sought-after among contractors and other end-users in the market, with over two-third volume share of the market by 2026-end. However, demand for hydrostatic ride-on power trowel is expected to witness a rapid growth and their sales will reflect a relatively higher CAGR than that of mechanical ride-on power trowel through 2026.

As heavy load operations related to smoothening and flattening large concrete surfaces, on the back of robust infrastructural development in developing and developed economies, are mounting in number, high load sustaining ride-on power trowels with larger diameters are in huge demand currently. 36 inch trowelling diameter of ride-on power trowel will remain preferred in the market. However, ride on trowel with 48/49 inch trowelling diameter will witness a relatively faster expansion in the market through 2026. Ride-on power trowels with trowelling diameter of 59/60 inch are anticipated to account for the lowest market volume share during the forecast period.

Leading players in the ride-on power trowel market are enhancing their product portfolio that feature ergonomic user-friendly control systems for a wide range of applications. These players are increasingly focusing on improving their sales strategies, in a bid to consolidate their market shares in various regions. Key players actively supporting the market expansion include Roadway, Masterpac, Shenhua, MBW, Dynamic, Bartell, Parchem Construction, Dragon, Atlas Copco, Allen Engineering, Wacker Neuson, and Multiquip.

APEJ to Remain Dominant Market for Ride-on power trowel

Burgeoning infrastructural development in countries such as India and China, along with rising gross household disposable income of the population will stoke demand for ride-on power trowels in Asia-Pacific excluding Japan (APEJ). In terms of revenues as well as sales expansion, APEJ is estimated to remain the dominant market for ride-on power trowels, trailed by Europe and North America. Middle East & Africa (MEA), on the other hand, is expected to be the least lucrative market for ride-on power trowels through the forecast period.

Facilitated use and relatively lower cost of mechanical ride-on power trowels have made them preferred product for finishing of concrete surfaces in various construction sites. Revenues from mechanical ride-on power trowel sales will account for nearly three-fourth market share by 2026-end.

Ride-on power trowels with 36 inch and 48/9 inch trowelling diameter are anticipated to remain financially rewarding in the global market. In contrast, 59/60 inch diameter ride-on power trowels will remain less lucrative through the forecast period.

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This report offers an overview of the global ride-on power trowel market. This section comprises definition of the product – ride on power trowel, along with key insights on dynamics playing an important role towards the growth of the market. The overview also includes market value and year-on-year growth defining the future progress and decline of the global ride on power trowel. Data on the year-on-year growth provides readers with an overall view on expected progress reshaping growth during the forecast period.

Burgeoning Growth of Construction Sector driving Need for Ride-on Power Trowels

Growing need for mechanized concrete finishing in areas with large surfaces is the primary factor stoking demand for ride-on power trowels. Consumer expectations associated with smoothness and flatness of concrete surfaces in industrial, commercial, and residential buildings has been increasing, which in turn has bolstered demand for advanced ride-on power trowels for catering heavy load requirements. The construction industry is witnessing a burgeoning expansion, with emerging economies focusing more on their infrastructure development. Moreover, the once low-cost labor is demanding for higher wages in these economies, which in turn has driven the need for effective construction equipment such as ride-on power trowels. Operations related to construction activities in airports and huge warehouses involve heavy loads, which in turn make adoption of technologically advanced trowelling technologies that are well-suited for smooth finishing of high-tolerance concrete floors.

Competition Tracking

Many prominent players are focusing on engineering products, which enable more convenience in operations for extended durations. Emerging players are making significant investments in research & development activities for eating into shares of the market. Opportunities exist for market players with regard to development of advanced ride-on power trowels providing user-friendly controls, optimum operational requirements, and easy maneuverability.

Fact.MR’s report profiles key players supporting expansion of the global ride-on power trowel market, which include Multiquip, Allen Engineering, Wacker Neuson, Atlas Copco, Parchem Construction, Dragon, Bartell, MBW, Shenhua, Dynamic, Masterpac, and Roadway.

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