Vibratory Screed Market Outlook
According to the report by Expert Market Research (EMR), the global vibratory screed market size is projected to grow at a CAGR of 5.10% between 2024 and 2032. Driven by the burgeoning construction sector worldwide, especially with the rise in infrastructural projects and residential building activities, the market is expected to grow significantly by 2032.
Vibratory screeds are mechanical devices used in the construction sector to achieve a level concrete surface by removing excess concrete and bringing the surface to the required grade. These tools are crucial for ensuring the structural integrity and longevity of concrete installations. Vibratory screeds not only enhance the productivity of construction projects but also significantly improve the quality of the workmanship, making them indispensable in modern construction practices.
The vibratory screed market growth is primarily driven by the global increase in construction activities. As urbanisation continues to rise, the demand for new residential and commercial buildings, roads, bridges, and other infrastructural projects increases, subsequently driving the need for effective and efficient construction tools like vibratory screeds.
The advancements in technology within the construction equipment sector also play a vital role in the market’s growth. Modern vibratory screeds are becoming more efficient and user-friendly, incorporating features such as adjustable handles, lightweight designs, and wireless control systems that enhance their usability and efficiency on construction sites, consequently driving up the vibratory screed market share. Moreover, the growing emphasis on high-quality construction work that meets international standards is pushing the construction sector to adopt reliable and effective tools, further bolstering the market.
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As per the vibratory screed market analysis, the Asia-Pacific region dominates the market, driven by rapid urbanisation and industrialisation in countries such as China, India, and Southeast Asia. The region’s strong economic growth and increasing government investments in infrastructure development are significant factors contributing to the demand for vibratory screeds.
North America and Europe also present substantial growth opportunities for the market. These regions are characterised by stringent regulations regarding construction practices and a steady demand for renovation and modernisation of existing infrastructure, which supports the sustained demand for advanced construction tools.
The market is anticipated to experience notable advancements, particularly in terms of the functionality of products and their impact on the environment. The incorporation of automation and IoT technologies in construction equipment is expected to emerge as a prominent trend that has the potential to revolutionise operational efficiencies and enhance the overall quality of construction projects. Additionally, with the increasing global emphasis on sustainable construction practices, there is a growing demand for construction tools that are eco-friendly and energy-efficient, which is likely to drive the vibratory screed market growth.
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Vibratory Screed Market Segmentation
The market can be divided based on the type, propulsion technology, distribution channels, region
Market Breakup by Type
- Concrete Vibrating Beam Screed
- Vibrating Screed Board
- Vibrating Truss Screed
- Portable Vibrating Concrete Screed
- Others
Market Breakup by Propulsion Technology
- Gasoline
- Electric
- Others
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global vibratory screed market. Some of the major players explored in the report by Expert Market Research are as follows:
- Marshalltown Company
- Tomahawk Power
- Husqvarna AB
- Multiquip Inc.
- Allen Engineering Corporation
- Milwaukee Electric Tool Corporation
- Bartell Global
- Wacker Neuson SE
- Multivibe (Jlin Corporation)
- Others
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