The North America ride-on power trowel components market is projected to grow steadily, with a market value of USD 27.78 million in 2024, reaching USD 39.80 million by 2031, driven by a CAGR of 5.30%. Ride-on power trowels have become an indispensable tool in the construction industry, offering enhanced surface finishing for large-scale projects. These components are gaining traction due to their efficiency, safety features, and ability to provide high-quality concrete surfaces in a reduced time frame.
Key Market Insights Ride-on power trowel components are widely used in the construction industry to deliver smooth, leveled, and durable concrete surfaces, reducing project completion time and improving operational efficiency. The market is primarily driven by the increasing demand for advanced machinery that can meet the growing needs of road construction, airport runways, and residential and commercial building projects.
The United States remains a key market in the region, while Canada is also emerging as a significant player due to the ongoing infrastructure development and urbanization projects. The top five manufacturers in the North America ride-on power trowel components market account for a substantial share of the overall market, indicating a moderately consolidated competitive Analysis.
This product will be delivered within 1-3 business days.
Key Market Insights Ride-on power trowel components are widely used in the construction industry to deliver smooth, leveled, and durable concrete surfaces, reducing project completion time and improving operational efficiency. The market is primarily driven by the increasing demand for advanced machinery that can meet the growing needs of road construction, airport runways, and residential and commercial building projects.
The United States remains a key market in the region, while Canada is also emerging as a significant player due to the ongoing infrastructure development and urbanization projects. The top five manufacturers in the North America ride-on power trowel components market account for a substantial share of the overall market, indicating a moderately consolidated competitive Analysis.
Growth Drivers in the North American Market
- Government Investments in Infrastructure Government investments in infrastructure and urbanization projects are fueling the demand for ride-on power trowel components across North America. The need for efficient and durable concrete finishing has propelled the adoption of ride-on trowels in both new construction and renovation projects. These machines are designed to achieve smooth, high-quality surfaces that meet the demands of modern infrastructure projects.
- Rising Use of Ride-On Trowels in Repair & Maintenance Projects The trend of renovation and repair projects is a major driver for the growth of ride-on power trowels. With aging infrastructure in several cities, there is an increasing need for equipment that can provide faster and more consistent results. Ride-on power trowels, with their enhanced features, are gaining preference in the restoration of infrastructure, further driving market demand.
- Growth of E-commerce and Industrial Construction The rise of e-commerce and the need for efficient warehousing solutions have boosted construction projects in North America. Distribution centers, logistics hubs, and manufacturing facilities require durable concrete floors that can handle heavy machinery and constant use. Ride-on power trowels are essential in achieving the required level of finish and durability for these industrial surfaces, making them a popular choice for contractors.
Product Segmentation and Applications
- High Utilization of Float Pans Among the various components, float pans are witnessing significant demand due to their cost-effectiveness and ability to provide a smoother finish during the initial stages of concrete finishing. These circular metal plates, affixed to the trowel arms, are widely used to flatten the concrete surface by redistributing material from higher to lower areas. Float pans are gaining popularity for their lightweight nature, ease of handling, and cost-efficiency, making them a preferred choice in the construction industry.
- Concrete Finishing Equipment Segment Poised for Revenue Growth Ride-on power trowel components are critical in retrofitting and renovation projects, allowing contractors to achieve precise finishes and adhere to project budgets. The demand for trowel blades and float pans, which are essential in concrete finishing, is anticipated to rise significantly, driven by the need for faster and more effective solutions in both new and restoration projects.
Challenges Facing the Market
- High Costs and Rapid Wear of Power Trowel Components Despite the numerous advantages offered by ride-on power trowels, the high cost and rapid wear of components such as trowel blades and float pans are key challenges for the market. Contractors often face frequent replacement of these components due to their short lifespan, which adds to operational costs. This has created a financial barrier for many small- to medium-sized construction companies, limiting the widespread adoption of ride-on power trowel components.
Competitive Analysis
- Multiquip Inc.
- Allen Engineering Corporation
- Whiteman/Multiquip
- Wacker Neuson
- MBW Inc.
- Bartell Global
- Husqvarna Construction Products
- Marshalltown Company
- Bon Tool Co.
- Stow Construction Equipment
- EZG Manufacturing
- Kraft Tool Co.
- BonWay Inc.
- QLT by Marshalltown
- Beton Trowel NV
- Atlas Copco
- Allen Razorback Concrete Tools
- Crown Construction Equipment
- Bunyan Industries
- Stone Construction Equipment, Inc.
Segmentation of North America Ride-on Power Trowel Components Industry Research
By Product Type:
- Trowel Blades
- Standard Trowel Blades
- Finishing Trowel Blades
- Combination Trowel Blades
- Specialty Trowel Blades
- Float Pans
- Standard Float Pans
- Finishing Float Pans
- Combination Float Pans
- Specialty Float Pans
By Material:
- Trowel Blades
- Steel Blades
- Stainless Steel Blades
- Carbon Steel Blades
- High Carbon Blades
- Others
- Float Pans
- Steel Pans
- Stainless Steel Pans
- Carbon Steel Pans
- High Carbon Pans
- Others
By Size:
- Trowel Blades
- Less Than 12 Inches
- 12 to 24 Inches
- Greater than 24 Inches
- Float Pans
- Less than 12 Inches
- 12 to 24 Inches
- Greater than 24 Inches
By Application:
- Concrete Finishing
- Edging
- Others
By Sales Channel:
- OEMs
- Aftermarket
By Region:
- North America
- United States
- Canada
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Overview
3. Price Analysis, 2019 - 2023
4. North America Ride-on Power Trowel Components Digital Light Processing (DLP) Projector Market Outlook, 2019 - 2031
5. Competitive Landscape
6. Appendix
Companies Mentioned
- Multiquip Inc.
- Allen Engineering Corporation
- Whiteman/Multiquip
- Wacker Neuson
- MBW Inc.
- Bartell Global
- Husqvarna Construction Products
- Marshalltown Company
- Bon Tool Co.
- Stow Construction Equipment
- EZG Manufacturing
- Kraft Tool Co.
- BonWay Inc.
- QLT by Marshalltown
- Beton Trowel NV
- Atlas Copco
- Allen Razorback Concrete Tools
- Crown Construction Equipment
- Bunyan Industries
- Stone Construction Equipment, Inc.
Methodology
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