According to the report by Expert Market Research (EMR), the global Trowel Market Size is projected to grow at a CAGR of 5.40% between 2024 and 2032. Driven by the robust growth of global construction and renovation sector due to rapid urbanisation and increased consumer spending on home improvement, the market is expected to grow significantly by 2032.
Trowels are hand tools used primarily for applying, spreading, and smoothing plaster, mortar, and concrete. They are essential in providing finishing touches to construction work, making them indispensable across several sectors, including building construction, road maintenance, and landscaping. The types of trowels include pointing, gauging, notched, and margin trowels, each designed for specific tasks, thereby enhancing their utility in diverse construction activities.
The primary driver for the trowel market growth is the continuous expansion of the construction sector globally. Increased infrastructure development in emerging economies and sustained investment in housing and commercial spaces in developed countries are significant factors contributing to the demand for trowels. Furthermore, the rising trend of DIY (do-it-yourself) home renovations and gardening projects during the recent years also plays a crucial role in market growth, as more individuals undertake their home improvement projects.
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Technological advancements in trowel manufacturing, such as the development of ergonomic designs and the integration of lightweight, durable materials, enhance user efficiency and comfort. These innovations are expected to increase product appeal and drive market growth further.
Asia-Pacific is expected to dominate the trowel market due to rapid urbanisation and extensive building activities in countries like China, India, and the ASEAN nations. The region’s booming real estate sector and public infrastructural developments are pivotal in driving the product demand.
In North America and Europe, the market growth is influenced by the renovation and remodelling activities rather than new construction projects. The high focus on restoring historical buildings and the public’s increasing interest in customising their living spaces contribute significantly to the demand for various types of trowels in these regions.
As per the trowel market analysis, the market is poised for a bright future as it embraces new technologies and materials. The emergence of versatile trowels capable of meeting diverse construction demands, along with the possibility of customization to meet individual customer preferences, are anticipated developments that may influence the market. Moreover, the emphasis on sustainability is growing, leading to a rise in demand for products made from eco-friendly materials and manufactured using environmentally conscious processes.
Trowel Market Segmentation
The market can be divided based on the type, application, distribution channels, and region
Market Breakup by Type
- V-Notch Trowels
- U-Notch Trowels
- Square Notch Trowels
- Margin Trowels
- Specialty Trowels
- Others
Market Breakup by Application
- Floor
- Wall
- Others
Market Breakup by Distribution Channels
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Trowel Market
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 trowel market. Some of the major players explored in the report by Expert Market Research are as follows:
- Marshalltown Company
- Hyde Tools, Inc
- Ragni
- OX Tools AU Pty Ltd
- Spear & Jackson
- Leading Tools Industrial Co., Ltd
- Carl Kammerling International Ltd.
- Faithfull Tools
- Bon Tool Co.
- Goldblatt Industries, LLC
- Others
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