Growth of the global ride-on power trowel market is expected to remain influenced by rising demand for smooth finishing of the concrete surfaces in huge areas such as housings, garages, airports, industrial buildings, and warehouses. This report, compiled by Fact.MR, provides in-depth analysis of the global ride-on power trowel market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
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.
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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