Walk-Behind Trowel Market Analysis - Global Industry Size, Share, Trends and Forecast 2020 - 2027

Category : Construction and Manufacturing | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC2343

Flourishing construction industry across the globe, rapid technological advancements by major players for the development of products that cover high volume flatwork concrete this are major factors expected to drive the growth of global walk-behind trowel market.

Construction sector is witnessing boom in developed and developing countries. Demand for commercial properties is increasing and government is focused on proving homes this will increasing the construction and reconstruction activities. Contractors are adopting walk-behind trowel for better finishing for area less than 3000 square feet a day. Major players are investing high for product development and introducing new products in order to attract new customers.

In 2019, Allen Engineering Corporation, a leader in concrete finishing equipment launched PRO430E Edger walk-behind trowel. The product has new features a unique rotating edge ring that is perfect for trowelling along the edges of walls or around protruding pipe and conduit. This product launch is expected to help the company to enhance the product portfolio.

In 2017, Atlas Copco a multinational industrial company upgraded its present product portfolio by introducing BG 245, BG 375 and BG 475. This is expected to help the company to enhance the business and increase the revenue share.

In 2019, Allen Engineering Corporation launched MSP475 Riding Trowel that is designed with the high volume flatwork concrete contractor in mind. This riding trowel product is equipped with liquid cooled gasoline engine to keep machine running cooler, digital readouts for accurate fuel levels and diagnostics, and a large twelve gallon fuel tank for longer run times. This is expected to help the company to increase the business.

Moreover, business development activities through merger & acquisitions in order to increase the business and strengthen the distribution channel are expected to boost the growth of walk-behind trowel market.

In 2020, Husqvarna Group a global manufacturer of outdoor power products acquired Wacker Neuson Group. This acquisition is strengthening the company position in surface preparation by enhancing the product portfolio.

Government of developing countries are spending high in development of infrastructure this is increasing demand for walk-behind trowel for applications such as commercial-industrial floors and high rise decks which is important factor expected to support the walk-behind trowel market growth. Factors such as high cost of products & maintenance coupled with economic slowdown in developing countries are factors expected to hamper the growth of global walk-behind trowel market. In addition, availability of high end products on rental basis lowering the ownership cost is expected to challenge the growth of walk-behind trowel market.

However, increasing construction activities in emerging economies and development of electric walk-behind trowel at low cost are factors expected to create new opportunities for players operating in walk-behind trowel market. In addition, increasing partnership and agreement in order to enhance the business is expected to support the revenue transaction of target market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the global walk-behind trowel market due to increasing construction and reconstruction activities. In addition, increasing government focus on development of smart cities and stringent government regulations related to concrete surface and flatness on the slab are factors expected to increase demand for walk-behind trowel further expected to support the growth of walk-behind trowel market.

Introduction of innovative solution from major players and partnership activities in order to increase the revenue are factors expected to boost the growth of regional market.

Competitive Landscape      

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market

 Global Walk-Behind Trowel Market

Analysis Period

 2016 – 2027

Base Year

 2019

Forecast Data

 2020 – 2027

Market Stratification

 Product, Application, and Geography

Regional Scope

 North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

 Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 
Walk-Behind Trowel Market Segment Analysis, 2019

The global walk-behind trowel market is segmented into product and application. The product segment is bifurcated into hydrostatic and mechanical. Among the product the mechanical is expected to account for significant revenue share in the target market. The application segment is divided into residential slabs, commercial-industrial floors, high rise decks, and others.  Among the application the commercial-industrial floors segment is expected to account for major revenue share in the target market.

The players profiled in the report are Parchem Construction, Wacker Neuson, MBW, Masterpac, Multiquip, Atlas Copco, Multiquip, ALLEN, Bartell, and Edco.

Market Segmentation

Market By Product

Hydrostatic

Mechanical

Market By Application

Residential Slabs

Commercial-industrial Floors

High Rise Decks

Others

Market By Region

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


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