Market Overview:
The global ride-on power trowel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for construction and renovation activities across the globe. Additionally, factors such as rising disposable income, growing population, and urbanization are also contributing to the growth of this market. The global ride-on power trowel market is segmented on the basis of type, application, and region. On the basis of type, it is divided into by fuel type and by blade diameter segments. By fuel type segmentation includes gasoline engine powered trowels and electric motor powered trowels while by blade diameter segmentation includes less than or equal to 36 inches (91 cm) blade diameter category and more than 36 inches (91 cm) blade diameter category segments respectively. On the basis of application, it is classified into commercial buildings sector, industrial buildings sector, government infrastructure projects sector others). Region wise; it has been analyzed across North America (U.S., Canada), Latin America (Brazil), Europe(Germany France Italy Spain UK), Asia Pacific(China Japan South Korea India Australia New Zealand Rest Of APAC)and Middle East & Africa(GCC Countries Turkey Iran Israel South Africa Rest Of MEA).
Product Definition:
A ride-on power trowel is a large, motorized tool used to smooth concrete. It consists of a metal plate attached to a frame that the user rides on. The plate vibrates, which causes the concrete to smooth out.
By Fuel Type:
The global by fuel type market is expected to witness significant growth over the forecast period. The growing demand for electric ride-on power tools across various construction and industrial applications is projected to drive the industry growth.
Electric ride-on power tools are gaining popularity owing to their easy handling, reduced noise levels, and higher efficiency as compared to conventional hand powered or pneumatic tools.
By Blade Diameter:
The size of the blade is a crucial factor that affects the performance and efficiency of Ride-on Power Trowel. The larger the blade, generally, the more powerful and efficient it is in removing soil from large areas. However, due to weight restrictions it can be difficult to use for long periods. Smaller blades are better suited for hard surfaces such as concrete or asphalt; they are also much lighter than larger ones making them ideal for people with limited strength or mobility.
Application Insights:
The commercial buildings segment led the global ride-on power trowel market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing construction activities in commercial buildings, such as offices, hotels, hospitals and clinics, educational institutions including schools and colleges, malls and shopping centers among others. In addition, factors such as growing population coupled with rising disposable income has resulted in an increase in demand for residential houses which is expected to drive product demand over the forecast period.
Industrial buildings are anticipated to witness significant growth owing to rapid industrialization along with urbanization resulting into increased need for open space or landfills among other things leading towards an increase construction activities of these structures which will further propel product demand over the next seven years especially across emerging economies like India China Brazil Japan Mexico Vietnam Argentina etcetera.
Regional Analysis:
Asia Pacific dominated the global ride-on power trowel market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of construction companies, coupled with increasing investments in residential and commercial infrastructure development, is anticipated to drive product demand. In addition, rising population along with rapid urbanization has resulted in increased spending on infrastructural development across countries such as China and India. This factor is also expected to have a positive impact on industry growth over the next eight years.
The Asia Pacific region accounted for more than 30% share of total revenue in 2017 owing to high construction activities across emerging economies such as China and India that are driving infrastructure developments including building constructions for residential complexes/homes, commercial buildings (shopping malls), roads etc., thereby fueling product demand from 2018 to 2030 time frame.
Growth Factors:
- Increasing construction spending across the globe: The global construction spending is expected to grow at a CAGR of more than 5% during the forecast period. This would result in an increase in demand for ride-on power trowels, as they are used extensively in the construction industry.
- Growing urbanization and infrastructure development: The increasing population and rapid urbanization are leading to the development of new cities and towns, which is resulting in an increase in infrastructure investments worldwide. This is further fueling the demand for ride-on power trowels as they are extensively used for concrete finishing and other related applications.
- Rising awareness about energy efficiency: Ride-on power trowels consume less energy as compared to manual labor, which is resulting in their increased adoption across various regions globally. In addition, governments of various countries are also promoting energy efficient equipment through subsidies and tax benefits, thereby aiding the growth of this market segment further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ride-on Power Trowel Market Research Report
By Type
By Fuel Type, By Blade Diameter
By Application
Commercial Buildings, Industrial Buildings, Others
By Companies
Atlas Copco, Multiquip Inc., MBW Inc., Bartell, Allen Engineering, Polished Concrete Solutions, BetonTrowel, Masterpac, Shandong Shenhua Machinery Manufacturing Co., Ltd, Shanghai Dragon Construction Equipment Co., Ltd, Shanghai Dynamic Construction Machinery Co. Ltd, Wacker Neuson, Parchem Construction Supplies Pty. Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Ride-on Power Trowel Market Report Segments:
The global Ride-on Power Trowel market is segmented on the basis of:
Types
By Fuel Type, By Blade Diameter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Buildings, Industrial Buildings, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atlas Copco
- Multiquip Inc.
- MBW Inc.
- Bartell
- Allen Engineering
- Polished Concrete Solutions
- BetonTrowel
- Masterpac
- Shandong Shenhua Machinery Manufacturing Co., Ltd
- Shanghai Dragon Construction Equipment Co., Ltd
- Shanghai Dynamic Construction Machinery Co. Ltd
- Wacker Neuson
- Parchem Construction Supplies Pty. Ltd
Highlights of The Ride-on Power Trowel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Fuel Type
- By Blade Diameter
- By Application:
- Commercial Buildings
- Industrial Buildings
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ride-on Power Trowel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Ride-on Power Trowel is a type of power tool that uses an electric motor to propel the blade. It is designed for use in hard, compacted soils and can be used to lay down mulch, spread compost or fertilizer, dig trenches, install pavers or bricks, and more.
Some of the major companies in the ride-on power trowel market are Atlas Copco, Multiquip Inc., MBW Inc., Bartell, Allen Engineering, Polished Concrete Solutions, BetonTrowel, Masterpac, Shandong Shenhua Machinery Manufacturing Co., Ltd, Shanghai Dragon Construction Equipment Co., Ltd, Shanghai Dynamic Construction Machinery Co. Ltd, Wacker Neuson, Parchem Construction Supplies Pty. Ltd.
The ride-on power trowel market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ride-on Power Trowel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ride-on Power Trowel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ride-on Power Trowel Market - Supply Chain
4.5. Global Ride-on Power Trowel Market Forecast
4.5.1. Ride-on Power Trowel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ride-on Power Trowel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ride-on Power Trowel Market Absolute $ Opportunity
5. Global Ride-on Power Trowel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ride-on Power Trowel Market Size and Volume Forecast by Type
5.3.1. By Fuel Type
5.3.2. By Blade Diameter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ride-on Power Trowel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ride-on Power Trowel Market Size and Volume Forecast by Application
6.3.1. Commercial Buildings
6.3.2. Industrial Buildings
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ride-on Power Trowel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ride-on Power Trowel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ride-on Power Trowel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ride-on Power Trowel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ride-on Power Trowel Demand Share Forecast, 2019-2026
9. North America Ride-on Power Trowel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ride-on Power Trowel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ride-on Power Trowel Market Size and Volume Forecast by Application
9.4.1. Commercial Buildings
9.4.2. Industrial Buildings
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ride-on Power Trowel Market Size and Volume Forecast by Type
9.7.1. By Fuel Type
9.7.2. By Blade Diameter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ride-on Power Trowel Demand Share Forecast, 2019-2026
10. Latin America Ride-on Power Trowel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ride-on Power Trowel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ride-on Power Trowel Market Size and Volume Forecast by Application
10.4.1. Commercial Buildings
10.4.2. Industrial Buildings
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ride-on Power Trowel Market Size and Volume Forecast by Type
10.7.1. By Fuel Type
10.7.2. By Blade Diameter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ride-on Power Trowel Demand Share Forecast, 2019-2026
11. Europe Ride-on Power Trowel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ride-on Power Trowel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ride-on Power Trowel Market Size and Volume Forecast by Application
11.4.1. Commercial Buildings
11.4.2. Industrial Buildings
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ride-on Power Trowel Market Size and Volume Forecast by Type
11.7.1. By Fuel Type
11.7.2. By Blade Diameter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ride-on Power Trowel Demand Share, 2019-2026
12. Asia Pacific Ride-on Power Trowel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ride-on Power Trowel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ride-on Power Trowel Market Size and Volume Forecast by Application
12.4.1. Commercial Buildings
12.4.2. Industrial Buildings
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ride-on Power Trowel Market Size and Volume Forecast by Type
12.7.1. By Fuel Type
12.7.2. By Blade Diameter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ride-on Power Trowel Demand Share, 2019-2026
13. Middle East & Africa Ride-on Power Trowel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ride-on Power Trowel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ride-on Power Trowel Market Size and Volume Forecast by Application
13.4.1. Commercial Buildings
13.4.2. Industrial Buildings
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ride-on Power Trowel Market Size and Volume Forecast by Type
13.7.1. By Fuel Type
13.7.2. By Blade Diameter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ride-on Power Trowel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ride-on Power Trowel Market: Market Share Analysis
14.2. Ride-on Power Trowel Distributors and Customers
14.3. Ride-on Power Trowel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Atlas Copco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Multiquip Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MBW Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bartell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Allen Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Polished Concrete Solutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BetonTrowel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Masterpac
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shandong Shenhua Machinery Manufacturing Co., Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanghai Dragon Construction Equipment Co., Ltd
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Dynamic Construction Machinery Co. Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wacker Neuson
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Parchem Construction Supplies Pty. Ltd
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
