The global ride-on power trowel market size is projected to reach US$ 137 Mn, exhibiting growth at 4.6% CAGR between 2022 and 2032, predicts Fact.MR. Increasing infrastructure development activities across emerging economies is anticipated to propel the growth in the global ride-on power trowel market over the forthcoming years.
Ride-on power trowels are used to extract, polish, and smoothen concrete surfaces during the floating and finishing processes. These are primarily deployed in garages, warehouses, airports, industrial structures, and residences owing to the requirement of enormous loads in these places.
As per Fact.MR, need to smoothen and level surfaces is likely to surge at a fast pace in the near future owing to the rising number of large warehouse and airport construction projects across the globe.
For instance, according to the Australian Government’s Department of Infrastructure, Transport, Regional Development and Communication, from September 2020 to 21, around 1.168 million passengers were carried domestically and internationally by flights.
Hence, rising number of air passengers is set to result in the high demand for new airports and in turn, drive the ride-on power trowel market.
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“Increasing demand for mechanized concrete finishing in places with large surfaces is anticipated to augment the growth in this market. Besides, urgent need for state-of-the-art construction equipment from laborers due to the heavy load involved in building activities is also set to drive the market,” says a Fact.MR analyst.
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Key players present in the global ride-on power trowel market are focusing on strategies, such as brand development, portfolio expansion, competitive pricing, acquisition, and investment to broaden their geographical presence and strengthen their positions.
Key Players in the Ride-on Power Trowel Market Include:
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More Valuable Insights on Ride-on Power Trowel Market
Fact.MR provides an unbiased analysis of the ride-on power trowel market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global ride-on power trowel market with a detailed segmentation on the basis of:
By Product Type
By Troweling Diameter
Key Questions Covered in Ride-on Power Trowel Market Report
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