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Ride-on Power Trowel Market Estimated to Record Highest CAGR by 2018-2028

02-07-2019 12:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Ride-on Power Trowel

Ride-on Power Trowel

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.

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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 Fact.MR, 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.

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.

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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.

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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Tables And Figures Covered in the report are:

1. Global Economic Outlook

2. Global Ride-On Power Trowel Market - Executive Summary

3. Global Ride-On Power Trowel Market Overview
3.1. Introduction
3.1.1. Global Ride-On Power Trowel Market Taxonomy
3.1.2. Global Ride-On Power Trowel Market Definition
3.2. Global Ride-On Power Trowel Market Size (Units) and Forecast, 2012-2026
3.2.1. Global Ride-On Power Trowel Market Y-o-Y Growth
3.3. Global Ride-On Power Trowel Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.7. Raw Material Sourcing Strategy and Analysis
3.8. Service Provider List
3.9. Key Participants Market Presence (Intensity Map) By Region

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4. Global Ride-On Power Trowel Market Analysis and Forecast 2012-2026
4.1. Global Ride-On Power Trowel Market Size and Forecast By Product Type, 2012-2026
4.1.1. Hydrostatic Ride-on Trowel Market Size and Forecast, 2012-2026
4.1.1.1. Volume (Units) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Mechanical Ride-on Trowel Market Size and Forecast, 2012-2026
4.1.2.1. Volume (Units) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.2. Global Ride-On Power Trowel Market Size and Forecast By Troweling Diameter, 2012-2026
4.2.1. 36 inch Market Size and Forecast, 2012-2026
4.2.1.1. Volume (Units) Comparison, By Region
4.2.1.2. Market Share Comparison, By Region
4.2.1.3. Y-o-Y growth Comparison, By Region
4.2.2. 48/49 inch Market Size and Forecast, 2012-2026
4.2.2.1. Volume (Units) Comparison, By Region
4.2.2.2. Market Share Comparison, By Region
4.2.2.3. Y-o-Y growth Comparison, By Region
4.2.3. 59/60 inch Market Size and Forecast, 2012-2026
4.2.3.1. Volume (Units) Comparison, By Region
4.2.3.2. Market Share Comparison, By Region
4.2.3.3. Y-o-Y growth Comparison, By Region

5. North America Ride-On Power Trowel Market Size and Forecast, 2012-2026
5.1. North America Outlook
5.2. North America Parent Market Outlook
5.3. North America Target Market Outlook
5.4. Volume (Units) Comparison, By Country
5.4.1. US Market Size and Forecast (Units), 2012-2026
5.4.2. Canada Market Size and Forecast (Units), 2012-2026
5.5. Volume (Units) Comparison, By Product Type
5.6. Volume (Units) Comparison, By Troweling Diameter

6. Latin America Ride-On Power Trowel Market Size and Forecast, 2012-2026
6.1. Latin America Outlook
6.2. Latin America Parent Market Outlook
6.3. Latin America Target Market Outlook
6.4. Volume (Units) Comparison, By Country
6.4.1. Brazil Market Size and Forecast (Units), 2012-2026
6.4.2. Mexico Market Size and Forecast (Units), 2012-2026
6.4.3. Argentina Market Size and Forecast (Units), 2012-2026
6.5. Volume (Units) Comparison, By Product Type
6.6. Volume (Units) Comparison, By Troweling Diameter

7. Europe Ride-On Power Trowel Market Size and Forecast, 2012-2026
7.1. Europe Outlook
7.2. Europe Parent Market Outlook
7.3. Europe Target Market Outlook
7.4. Volume (Units) Comparison, By Country
7.4.1. Germany Market Size and Forecast (Units), 2012-2026
7.4.2. UK Market Size and Forecast (Units), 2012-2026
7.4.3. France Market Size and Forecast (Units), 2012-2026
7.4.4. Spain Market Size and Forecast (Units), 2012-2026
7.4.5. Italy Market Size and Forecast (Units), 2012-2026
7.4.6. Nordic Market Size and Forecast (Units), 2012-2026
7.5. Volume (Units) Comparison, By Product Type
7.6. Volume (Units) Comparison, By Troweling Diameter

8. Japan Ride-On Power Trowel Market Size and Forecast, 2012-2026
8.1. Japan Outlook
8.2. Japan Parent Market Outlook
8.3. Japan Target Market Outlook
8.4. Volume (Units) Comparison, By Country
8.4.1. Japan Market Size and Forecast (Units), 2012-2026
8.5. Volume (Units) Comparison, By Product Type
8.6. Volume (Units) Comparison, By Troweling Diameter

And Continue...

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