Ride-on Power Trowel Market Expected to Deliver Dynamic Progression until 2026

Posted on 2018-11-06 by Mark Hub in Industrial // 0 Comments

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Rockville, US, 2018-Nov-06 — /EPR Network/ — 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.

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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.

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.

Requirement for Smooth Concrete Surfaces in Warehouses Accentuating Demand for Technologically Advanced Ride-on power trowels

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. 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.

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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.

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Table of Content:

Global Economic Outlook
Global Ride-On Power Trowel Market – Executive Summary
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
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

Continued……………..

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