Press release
Ride-on Trowel Market To Rise at a CAGR of 4.7% from 2017 - 2025
Global Ride-on Trowel Market: Overview
Ride-on trowels are a class of construction equipment which are used to finish a concrete slab or surface smoothly. The operator rides the machine while operating the machine and controls the machine from the control panel and the lever at the top of the machine. During the operation operator controls the power trowel installed at the bottom of the machine to provide smooth finish to the concrete surface. The ride-on trowel is more efficient in finishing large concrete surfaces from its counterpart walk behind trowel as it requires less time, labor and low energy consumption. Increasing number of industrial buildings, warehouses, garages, airports, and housing along with the rising demand for smooth finished concrete surfaces would eventually lead to the rise in demand for ride-on trowels. With increasing requirements of safety and setup big warehouses and airports should have smooth and flat concrete surface, which is easily possible with the help of ride-on trowel during the construction phase of the area.
Witnessing ample opportunities in the construction industry in several developed and developing regions and continued expansion of infrastructural developments worldwide, the global ride-on trowel market is prognosticated to rise at a CAGR of 4.7% from 2017 to 2025, according to TMR. The market stood at US$67.0 Mn in 2016 and is predicted to reach a valuation of US$101.0 Mn by the end of 2025.
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Global Ride-on Trowel Market: Segmentation
The report provides comprehensive analysis of the global ride-on trowel market by steering, blade diameter, fuel type and regions. It segments the market into steering type such as mechanical and hydraulic. It also classifies market into blade diameter- 36, 46/48, and above 48. The report divides the ride-on trowel market based on fuel type such as petrol, diesel and electric. The report also segments the ride-on trowel market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Based on the steering, blade diameter, fuel type and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study consist of value chain analysis, which offers a better understanding of key companies in the supply chain. Additionally, the study examines market competition through Porters Five Forces Analysis.
Global Ride-on Trowel Market: Scope of the Study
This study analyzes, estimates, and forecasts the global ride-on trowel market in terms of volume (Units) and revenue (US$ Mn) from 2016 to 2025. Market numbers given in the report describe the demand for global ride-on trowel, but not production or supply. The global ride-on trowel market report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
The report includes an overview of the market share of key companies in the global ride-on trowel market. Market share of companies has been derived on the basis of revenue generated by the companies from the sale of ride-on trowel. Primary research represents the majority of our research efforts, complemented by extensive secondary research. We reviewed key players product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most consistent, effective, and productive approach for procuring precise market data, recognizing business opportunities, and understanding industry participants perceptions.
Secondary research sources that are typically referred to include broker reports, corporation websites, external patented databases, financial reports, stockholder presentations, Securities & Exchange Commission filings, proprietary databases and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market. Secondary sources referred for this study include Association of Equipment Manufacturers, Committee for European Construction Equipment, Indian Construction Equipment Manufacturers Association, China Construction Machinery Association, Machinery Distributors Mexican Association, A. C., Hoovers, Factiva, and company presentations.
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Companies Mentioned in the Report
Key market players profiled in the study are Allen Engineering, Bartell Machinery Systems, Atlas Copco, Shanghai Dragon Construction Equipment Co., Ltd., Multiquip-Whiteman, Masterpac, MBW Inc., Shandong Shenhua Machinery Manufacturing Co., Ltd., Parchem Construction Supplies Pty. Ltd., Shanghai Dynamic Construction Machinery Co. Ltd. and Wacker Neuson.
The report segments the global ride-on trowel market as:
Steering Type
Mechanical
Hydraulic
Blade Diameter
36
46/48
Above 48
Fuel Type
Petrol
Diesel
Electric
Region
North America
U.S.
Canada
Europe
UK
France
Germany
Scandinavia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Rest of Asia Pacific (APAC)
Latin America
Brazil
Mexico
Rest of Latin America (LATAM)
Middle East & Africa
South Africa
GCC
Rest of Middle East & Africa (MEA)
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Table of Content
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Snapshot
3.2. Top Trends
4. Market Overview
4.1. Product Overview
4.2. Key Market Developments
4.3. Market Indicators
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunity
5.2. Porters Analysis
5.2.1. Threat of Substitutes
5.2.2. Bargaining Power of Buyers
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of New Entrants
5.2.5. Degree of Competition
5.3. Value Chain Analysis
5.4. Ride-on Trowels Industry SWOT Analysis
5.5. Ride-on-Trowel Price Trend Analysis, 2016
6. Global Ride-on Trowel Market Analysis and Forecasts, by Steering Segment
6.1. Introduction
6.2. Key Findings
6.3. Global Ride-on Trowel Market Value Share Analysis, by Steering
6.4. Global Ride-on Trowel Market Forecast, by Steering
6.4.1. Mechanical
6.4.2. Hydraulic
6.5. Global Ride-on Trowel Market Analysis, by Steering
6.6. Global Ride-on Trowel Market Attractiveness Analysis, by Steering
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