Requirement for Smooth Concrete Surfaces in Warehouses Accentuating Demand Ride-on Power trowels Market || Key Players: Bartell, MBW, Shenhua, Dynamic, Masterpac, and Roadway.

Ride-on towels have become essential in construction of floors having significant size, as they are productive and enable precisely flat finishes. Over the past few years, ride-on power trowels have gained significance as an imperative construction equipment that helps in achieving superior concrete surfaces by providing a variety of floating and finishing operations. These mechanized equipment have been witnessing a substantial demand in various countries worldwide for use in large construction projects including airports, industrial buildings and warehousing.

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The requirement for smooth high-tolerance concrete surfaces in the construction of massive warehouses is surging day by day, which in turn is accentuating demand for technologically advanced ride-on power trowels for application in high production finishing of large surfaces. Stricter laws have been enforced and inspections are carried out regarding surface finishes in developed as well as developing countries, thereby leading toward growth in advancements and adoption of ride-on power trowels. However, key factors such as high maintenance cost of ride-on power trowels, lack of operator comfort, high initial cost are expected to curb the market expansion during the forecast period.

The 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 Fact.MR. 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.

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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.

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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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