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Ride-on Trowel Market Global Industry Analysis and Future Growth Opportunities By 2017 - 2025
Ride-on Trowel Market
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Based on type of machine, the market for ride-on trowel can be segmented into overlapping and non-overlapping. Non-overlapping machines are preferred by contractors, as there is a space in the machine for the installation for floating pans. Float pans are used for initial floating operations before the final finishing is carried out. The overlapping segment held promising share of the market in 2016 owing to the cost effectiveness of these machines. Small scale contractors use overlapping machines as initial floating does not have adverse effect on final finish of the concrete surface.
Based on the type of cover, the market for ride-on trowel can be bifurcated into hydrostatic ride-on trowel and mechanical ride-on trowel. Hydrostatic ride-on trowel can be used for jobs up to 6000 sq. ft. They are light weight by design and can deliver approximate rotor speed up to 180 rotation per minute. Based on application, the market for ride-on trowel can be divided into residential buildings, commercial buildings, industrial buildings, and others. Factors propelling the growth of ride on trowel are increase in investment in infrastructural projects in developing countries and rise in lease-based equipment lending practices. Governments of various countries offer tax benefits to private contractors and construction companies to encourage investments in infrastructural projects. This is expected to augment the construction equipment market, thereby boosting ride-on trowel market.
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The ride-on trowel market is anticipated to expand significantly during the forecast period owing to the substantial growth in the construction industry. Increase in construction of residential and non-residential projects coupled with rise in renovation activities is anticipated to drive the demand for construction equipment. This, in turn, is estimated to propel the demand for ride-on trowel.
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