Published on : Dec 08, 2017
Albany, New York, December 8, 2017: For the construction of floors of significant size, riding trowels have become essential. They are productive and can provide very flat finishes. In recent years, ride-on power trowels have gained significance as construction equipment to achieve superior concrete surfaces through various finishing and floating operations. These mechanized equipment are increasingly being demanded in various regions for large construction projects such as those in warehousing, industrial buildings, and airports. Considering these facts, Market Research Hub (MRH) has freshly publicized a new study titled “Ride-on Trowel Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” to its online repository. This 222-pages study accurately predicts the future of the market and also gives an overview of the present market situation. It is a result of vigorous research done by a team of expert analysts who have done the needful data crunching and study of market drivers and restraints for every sector of the global market for ride-on trowel market.
In the present time, the need for high-tolerance smooth, concrete surface in massive warehouse construction is growing day by day. This rising demand is also accentuating the demand for advanced ride-on trowelling technologies for high production finishing jobs in large areas, finds study. Stricter enforcement laws in various developed and developing nations is a key factor boosting their adoption during the forecast period.
Key Highlights from the Study
- According to the research evaluations, the global ride-on trowel market is prognosticated to rise at a CAGR of 4.7% from 2017 to 2025. Also, 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.
- Based on the type of fuel used, ride-on trowels are powered by petrol, diesel, and electric. Out of these, petrol fuel based ride-on trowels holds the leading share and anticipated to lead throughout the forecast period as well.
- On the basis of several steering types available in the market, the demand for mechanical ride-on trowels is growing vastly and is mainly attributed to their optimum maneuverability, higher operator comfort, and easy maintenance requirements.
- From a geographical standpoint, currently, North America leads the global market, in terms of revenue, and is expected to retain its dominance throughout the assessment period.
As the report concludes, readers are offered information about the competitive landscape, which details about the various players active in the market. Key market players profiled in the study are Shanghai Dragon Construction Equipment Co., Ltd., Allen Engineering, Shanghai Dynamic Construction Machinery Co. Ltd., Multiquip-Whiteman, Masterpac, MBW Inc., Shandong Shenhua Machinery Manufacturing Co., Ltd., Atlas Copco, Parchem Construction Supplies Pty. Ltd., Bartell Machinery Systems and Wacker Neuson. These players are offering a wide product portfolio featuring user-friendly, ergonomic control systems for various applications and are concentrated on strengthening their sales strategies.
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