According to the report by Expert Market Research (EMR), the global ride-on power trowel market size is projected to grow at a CAGR of 4.4% between 2023 and 2028. Aided by the increasing infrastructural development and a growing auto industry, the market is expected to grow significantly by 2028.
Ride-on power trowels, often employed in the construction industry, are indispensable for achieving large, high-quality, and flat concrete surfaces. Their ease of operation and higher productivity compared to manual trowelling make them especially useful for large-scale commercial and industrial projects. Along with smoothing, ride-on power trowels are critical in compacting the concrete, thereby enhancing the overall strength and longevity of the structure.
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The intensifying demand for efficient and high-quality concrete surfaces is propelling the global ride-on power trowel market growth. With the burgeoning construction industry and growing consciousness about the necessity for robust and long-lasting concrete surfaces, there has been a substantial uptick in the demand for ride-on power trowels. Moreover, the rapid urbanisation and infrastructure development worldwide have been pivotal in contributing to the market expansion.
The expansive applications of ride-on power trowels in various sectors also significantly fuel the ride-on power trowel market expansion. Predominantly used in the construction of industrial buildings, commercial structures, and residential projects, their versatility has led to a surge in demand. In addition, ride-on power trowels have found increased usage in renovation and repair projects of older structures, further enhancing market growth.
In the flooring industry, ride-on power trowels are indispensable for crafting polished concrete floors seen in commercial and industrial structures. They ensure an aesthetic and flat surface, which improves the longevity and visual appeal of the floor. The growing preference for polished concrete flooring in contemporary architecture has further amplified the ride-on power trowel market demand.
Moreover, continuous innovation and technological advancements in the design and functionality of ride-on power trowels have resulted in increased efficiency and convenience of use. The advent of battery-powered trowels, for instance, offers more control, faster operation, and reduced carbon emissions, proving to be a significant development propelling the ride-on power trowel market growth.
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Ride-on Power Trowel Market Segmentation
The market can be divided based on type, blade diameter, propulsion type, application, and region.
Market Breakup by Type
- Hydrostatic
- Mechanical-Drive
- Others
Market Breakup by Blade Diameter
- 36” Inch
- 46”/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 ride-on power trowel companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Husqvarna AB
- Allen Engineering Corporation
- Multiquip Inc.
- Bartell Global
- Barikell srl
- MBW Incorporated
- Menegotti Group
- Contec Maschinenbau & Entwicklungstechnik GmbH
- Henan Ideal Machinery Equipment Co., Ltd.
- Flextool Floor Solution
- Others
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