According to the report by Expert Market Research (EMR), the global power float market size is expected to grow at a CAGR of 4.6% between 2023 and 2028. Aided by the escalating demand for durable and aesthetically pleasing concrete surfaces and the broadening applications of power floats across numerous industries, the market is expected to grow significantly by 2028.
Power floats, often utilised in the construction and flooring industries, are indispensable tools designed to provide concrete with a smooth, durable, and professional finish. Apart from enhancing the strength and longevity of concrete surfaces, they also improve the visual appeal, making them an essential asset in a wide variety of building projects.
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The rising demand for durable and aesthetically pleasing concrete surfaces is a critical driver for the global power float market growth. With a growing awareness of the importance of high-quality concrete surfaces in commercial, residential, and industrial constructions, there has been a notable rise in the demand for power float equipment. Furthermore, the fast-paced expansion of urban infrastructure worldwide has provided substantial impetus to the power float market.
The widening applications of power floats across various industries significantly contribute to the power float market expansion. They find extensive use in the construction of commercial buildings, warehouses, residential projects, and even in smaller projects like driveways and patios. In addition to construction, power floats are increasingly used in refurbishment and repair projects, further escalating their demand.
In the flooring industry, power floats play a pivotal role in the creation of polished concrete floors, a trend increasingly favoured in modern architectural designs. By ensuring a smooth and flat surface, power floats enhance the visual appeal and longevity of floors, which has driven their adoption in commercial and industrial structures.
Moreover, technological innovations have brought about more efficient and user-friendly power float designs, thus, boosting the power float market growth. Battery-powered floats, for instance, have seen growing acceptance due to their enhanced control, reduced carbon emissions, and increased convenience of use.
Lastly, the emergence of power trowelling as a preferred alternative to manual finishing methods has further fuelled the power float market. As construction projects continue to grow in scale and complexity, the efficiency, speed, and quality provided by power floats have become increasingly important.
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Power Float Market Segmentation
The market can be divided based on type, blade diameter, propulsion type, application, and region.
Market Breakup by Type
- Ride-on
- Walk Behind
Market Breakup by Blade Diameter
- Less than 36 Inch
- 36-48 Inch
- Above 48 Inch
Market Breakup by Propulsion Type
- Petrol
- Diesel
- Electric
- Others
Market Breakup by Application
- Commercial Buildings
- Industrial Building
- Others
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 acquisitions and mergers, among other major developments, of the global power float companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Husqvarna AB
- Allen Engineering Corporation
- Bartell Global
- Multiquip Inc.
- Barikell srl
- MBW Incorporated
- Beton Tool Company srl
- Sima Construction Machinery
- Crommelin Group
- Henan Ideal Machinery Equipment Co., Ltd.
- Flextool Floor Solution
- Others
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