Global sales of ride-on power trowels will surpass 30,000 units by 2026-end. Global volumes are expected to grow at a CAGR of 2.7% during the assessment period.
A recent offering by Fact. MR focusing on the exclusive updates and opportunities in the global ride-on power trowel market has been broadcasted to its mega-repository. This 170 page study is titled as “Ride-on Power Trowel Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which acts as an essential tool for various prime players involved in the manufacturing of ride-on power trowel market. Besides, the report can support readers to gain sharp insights into the market with which they can make informed decisions and also frame effective key strategies for the future. With an extensive forecast to 2026, the study aims to provide a holistic perspective on the market’s growth in terms of revenue in US$ Mn and CAGR.
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The global ride-on power trowel market is projected to register a moderate expansion through the forecast period (2017-2026), according to a report recently developed by Fact.MR. Global sales of ride-on power trowels will surpass 30,000 units by 2026-end. Global volumes are expected to grow at a CAGR of 2.7% during the assessment period.
4 Key Future Prospects of Ride-on Power trowel Market for Forecast Period 2017-2026
1. Of all the regional segments included in the report, Asia-Pacific excluding Japan (APEJ) has been projected to register a relatively faster expansion in the global ride-on power trowel market through 2026. In addition, sales of ride-on power trowels in APEJ will account for the largest market share through the forecast period. Europe and North America are also anticipated to remain remunerative regions for the market growth. Sales from ride-on power trowel sales in these two regions will collectively exceed 15,000 units by 2026-end.
2. Mechanical ride-on power trowel is anticipated to remain sought-after among contractors and other end-users in the market, with over two-third volume share of the market by 2026-end. However, demand for hydrostatic ride-on power trowel is expected to witness a rapid growth and their sales will reflect a relatively higher CAGR than that of mechanical ride-on power trowel through 2026.
3. As heavy load operations related to smoothening and flattening large concrete surfaces, on the back of robust infrastructural development in developing and developed economies, are mounting in number, high load sustaining ride-on power trowels with larger diameters are in huge demand currently. 36 inch trowelling diameter of ride-on power trowel will remain preferred in the market. However, ride on trowel with 48/49 inch trowelling diameter will witness a relatively faster expansion in the market through 2026. Ride-on power trowels with trowelling diameter of 59/60 inch are anticipated to account for the lowest market volume share during the forecast period.
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APEJ to Remain Dominant Market for Ride-on power trowel
Burgeoning infrastructural development in countries such as India and China, along with rising gross household disposable income of the population will stoke demand for ride-on power trowels in Asia-Pacific excluding Japan (APEJ). In terms of revenues as well as sales expansion, APEJ is estimated to remain the dominant market for ride-on power trowels, trailed by Europe and North America. Middle East & Africa (MEA), on the other hand, is expected to be the least lucrative market for ride-on power trowels through the forecast period.
Facilitated use and relatively lower cost of mechanical ride-on power trowels have made them preferred product for finishing of concrete surfaces in various construction sites. Revenues from mechanical ride-on power trowel sales will account for nearly three-fourth market share by 2026-end.
Ride-on power trowels with 36 inch and 48/9 inch trowelling diameter are anticipated to remain financially rewarding in the global market. In contrast, 59/60 inch diameter ride-on power trowels will remain less lucrative through the forecast period.
Table of Content:
1. Global Economic Outlook
2. Global Ride-On Power Trowel Market – Executive Summary
3. Global Ride-On Power Trowel Market Overview
3.1.1. Global Ride-On Power Trowel Market Taxonomy
3.1.2. Global Ride-On Power Trowel Market Definition
3.2. Global Ride-On Power Trowel Market Size (Units) and Forecast, 2012-2026
3.2.1. Global Ride-On Power Trowel Market Y-o-Y Growth
3.3. Global Ride-On Power Trowel Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.7. Raw Material Sourcing Strategy and Analysis
3.8. Service Provider List
3.9. Key Participants Market Presence (Intensity Map) By Region
4. Global Ride-On Power Trowel Market Analysis and Forecast 2012-2026
4.1. Global Ride-On Power Trowel Market Size and Forecast By Product Type, 2012-2026
4.1.1. Hydrostatic Ride-on Trowel Market Size and Forecast, 2012-2026
18.104.22.168. Volume (Units) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
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