Professionals 226 Users Online

North America Ride-on Power Trowel Components Market

United States and Canada Market Study on Ride-on Power Trowel Components: High Use of Float Pans to Be Witnessed

North America Ride-on Power Trowel Components Market

North America Ride-on Power Trowel Components Market Outlook (2023 to 2033)

As per a new study by Persistence Market Research, the North America ride-on power trowel components market recorded 4.8% Y-o-Y growth in 2022 and is estimated to be valued at US$ 26,462.6 thousand in 2023. The market is projected to reach US$ 43,243.9 thousand by the end of 2033, expanding steadily at 5% CAGR from 2023 to 2033.

  • The United States is a key market for ride-on power trowel components.
  • The top five manufacturing companies in North America account for around 20% market share.

Ride-on power trowels are used in the construction industry to deliver a precise finish to the surface of a floor, reducing the amount of time required to complete a project and stay within budget. Ride-on power Trowels components provide advantages such as improved safety features, higher efficiency, decreased processing time, improved component dispersion, enhanced mixing, better steering mechanism, and superior flow qualities.

Ride-on power trowels are popular in the rental equipment industry for retrofitting to improve component dispersion and decrease work time, consequently boosting efficiency and offering a high-quality finish. As such, trowel machine rental plays an important part in revenue generation for various stakeholders.

Trowel blades, rotary blades, and float pans are integral parts of ride-on power trowel machines, utilized in the construction industry for concrete finishing purposes. Trowel blades, which are rotating discs affixed to the underside of the machine, are instrumental in achieving a smooth and leveled concrete surface by smoothing and leveling the freshly poured concrete. Government investments in infrastructure development and urbanization projects are pushing the demand for trowel machine parts.

Attribute Key Insights

North America Ride-on Power Trowel Components Market Size (2022A)

US$ 25,253.6 Thousand

Estimated Market Value (2023E)

US$ 26,462.6 Thousand

Projected Market Value (2033F)

US$ 43,243.9 Thousand

Value CAGR (2023 to 2033)

5%

Collective Value Share of Top 1 Countries (2023E)

86.4%

Sample Report

FREE Report Sample is Available

In-depth report coverage is now just a few seconds away

Download PDF Get FREE Report Sample

Demand Analysis of Ride-on Power Trowel Components in North America (2018 to 2022) vs. Market Forecasts (2023 to 2033)

From 2018 to 2022, the market expanded at a CAGR of 4.8%. Demand for ride-on power trowel components in the region was driven by factors such as rising infrastructure development and urbanization projects.

The market is anticipated to progress at a CAGR of 5% through 2033. Increasing utilization of ride-on power trowel components in construction is a key driver for the growth of the market. This machine offers various benefits such as being more efficient and accurate and safer to use. Road construction, airport runways, and commercial and residential building projects are generating high demand for ride-on power trowels components.

Custom Report Cover

Make This Report Your Own

Take Advantage of Intelligence Tailored to your Business Objective

> Get a Customized Version

What’s Pushing the Demand for Ride-on Power Trowels in North America?

“Government Investments in Infrastructure Development and Urbanization Projects”

Growing demand for efficient and high-quality equipment in the North American construction industry, fueled by government investments in infrastructure development and urbanization projects, has led to an increase in the use of ride-on power trowels. Trowel blades and float pans used in these machines are designed to deliver a precise finish to the surface of a floor, reducing the amount of time required to complete a project and stay within budget.

“Growing Use of Ride-on Power Trowels for Repair & Maintenance of Existing Infrastructure”

Growing trend of renovation and repair projects in North America is driving demand for high-performance equipment, including ride-on power trowels. These machines offer several advantages over manual trowels, including faster completion times, improved consistency, and the ability to cover larger areas with ease.

Increasing use of ride-on power trowel components in the repair and restoration of infrastructure projects is also contributing to the demand for these machines. This, combined with the need to meet modern safety and functionality standards, has made ride-on power trowel components essential components in the repair and restoration sector.

“Rise of e-Commerce and Increasing Industrial Construction”

Growth of e-Commerce and the need for efficient warehousing solutions in North America has boosted construction projects. Distribution centers, logistics hubs, and manufacturing facilities require sturdy and functional concrete floors that can withstand heavy machinery, forklift traffic, and constant load-bearing.

Construction companies are turning to power trowels to increase the quality of finishing required on these industrial surfaces. Use of efficient ride-on power trowel components is essential in achieving the desired level of finish, durability, and levelness.

  • The Albert Jackson processing center in Ontario and the Port Saint Lucie fulfillment center in Florida are two top current warehouse construction projects in the region.
Market Research Methodology

Market Research Methodology

-Perfect through Years of Diligence

Check Research Methodology

What is Restraining the Demand Growth for Ride-on Power Trowel Components?

“High Cost and Rapid Wear Associated with Power Trowel Components”

Power trowel components play a crucial role in concrete finishing but they pose a significant restraint due to their high cost and rapid wear. The replacement frequency of these tools is influenced by various factors, including the concrete type, frequency of use, and tool quality.

Contractors often find themselves needing to replace power trowel blades and pans after just a few hours of use, which results in significant expenses and time consumption. The accumulated cost of frequent replacements over time further exacerbates the restraint, making it financially burdensome for contractors.

High cost of ride-on power trowels themselves can make them unaffordable for many contractors, thereby limiting the demand for power trowel blades and float pans as well. The combination of high replacement costs and the initial investment required for the equipment poses a significant restraint for the North America ride-on power trowel components market.

Sales Team

Sales Team
Client Partner

Let's Connect

Connect me to identify winning opportunities

Ask An Expert
I'm Available

Country-wise Insights

What is the Growth Outlook for the Market in Canada?

“Rising Use of Ride-on Power Trowel Components in Infrastructure Development”

The market in Canada is projected to expand at a CAGR of 5.3% during the forecast period, driven by significant growth in infrastructure development and urbanization projects. Demand for ride-on power trowels in industries such as construction, rental equipment industry, and infrastructure development is driving the need for efficient and effective solutions for achieving smooth and even finishes.

Significant investments in infrastructure development and urbanization projects, such as road networks, transportation systems, and construction projects, have heightened the importance of ride-on power trowel components. Anticipated urban expansion and rural decline in Canada are poised to heighten demands on both urban and rural infrastructure, consequently driving an increase in sales of components of ride-on power trowels.

Why is the United States a Key Market for Ride-on Power Trowel Component Manufacturers?

“Increasing R&D Investments in Development of Efficient Construction Equipment”

The market in the United States is projected to expand at a CAGR of 4.2% between 2023 and 2033.

By investing in R&D, companies in the United States are discovering and developing more effective and efficient tools for achieving smooth and even finishing of concrete surfaces to meet the changing needs of their customers.

The United States is one of the world's largest consumers and manufacturers of ride-on power trowel components. The country has advanced manufacturing capabilities, a commitment to R&D, a favorable business environment, and a strategic geographical location. As the market is growing, the United States is well positioned to maintain and expand its share in the ride-on power trowel components market.

Category-wise Insights

Which Application of Ride-On Power Trowel Components is Poised to Generate High Revenue?

“Market Benefitting from Wide Use of Ride-on Power Trowels to Enhance Construction Efficiency

The concrete finishing equipment segment is predicted to expand at a CAGR of 5% during the forecast period. Utilized in retrofitting and renovation endeavors, ride-on power trowel components contribute to tasks such as concrete leveling, imperfection removal, and uniform finishing. This expedites project completion and budget adherence. Employing top-tier trowel blades and float pans facilitates quicker and more effective finishing processes, culminating in the attainment of a superior-quality finish.

Ride-on trowel components machines offer several advantages over manual trowels, including faster completion times, improved consistency, and the ability to cover larger areas with ease. The increasing use of power trowel blades and float pans in the repair and restoration of infrastructure is also contributing to the demand for these machines.

The need to adhere to contemporary safety and functionality norms, coupled with the requirement for repair and restoration of infrastructure projects, has elevated the significance of power trowel blades and float pans as indispensable components.

Which Product Type Accounts for High Utilization?

“Cost-effectiveness of Float Pans Driving Widespread Utilization in Construction Sector

Sales of float pans are anticipated to rise at 6.4% CAGR during the forecast period in the ride-on trowel market. These circular metal plates affix to trowel arms or spiders, boasting a proven track record in enhancing slab flatness. Employed in initial concrete finishing, float pans effectively level surfaces by redistributing materials from higher to lower areas on the floor.

Increasing demand for float pans is propelled by rising construction endeavors, driven by the need for economical solutions. In comparison to conventional trowel blades, float pans present an array of advantages, rendering them enticing for contractors and construction firms. Notably more budget-friendly, they aid in cost reduction for projects. Their lightweight nature and ease of handling contribute to swifter installation and enhanced on-site efficiency.

Competitive Landscape

The North America ride-on power trowel components market is moderately fragmented, where tier-I trowel machine manufacturers hold 15% to 20% market share. Husqvarna Group, Multiquip, Allen, Bartell Global, Fayat Group, and Atlas Copco are leading companies operating in North America.

Market participants are strategically focusing on the introduction of durable and lightweight materials as well as public and private investments in construction and infrastructure projects to attain higher market shares. Companies are also looking to lower trowel machine prices to gain an edge in this competitive space.

North America Ride-on Power Trowel Components Industry Report Scope

Attribute Details

Base Year for Estimation

2022

Historical Data

2018 to 2022

Forecast Period

2023 to 2033

Quantitative Units

  • Revenue in US$ Thousand
  • Volume in Units
  • CAGR from 2023 to 2033

Report Coverage

  • Revenue Forecast
  • Volume Forecast
  • Company Ranking
  • Competitive Landscape
  • Growth Factors
  • Trends
  • Pricing Analysis

Key Market Segments Covered

  • Product Type
  • Material
  • Size
  • Application
  • Sales Channel
  • Region

Regions Covered

North America

Key Countries Covered

  • United States
  • Canada

Key Companies Profiled

  • Husqvarna Group
  • Multiquip
  • Allen
  • Bartell Global
  • Marshalltown Company
  • Fayat Group
  • Atlas Copco
  • Edco - Equipment Development Co. Inc.
  • Wagman US
  • MASTERPAC
  • Crown Construction Equipment
  • Bon Tool Co.
  • Kraft Tool
  • MBW
  • Kushlan Products

Customization and Pricing

Available upon Request

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

- Companies Covered in This Report -

  • 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.

- Frequently Asked Questions -

The North America ride-on power trowel components market is valued at US$ 26,462.6 thousand in 2023.

Sales of ride-on power trowel components are predicted to increase at a CAGR of 5% through 2033.

The market is expected to reach US$ 43,243.9 thousand by the end of 2033.

Float pans hold a dominant share of the market in North America.

Increasing government investments in infrastructure development and rising infrastructure maintenance projects are key market trends.

Husqvarna Group, Multiquip, Allen, Bartell Global, Fayat Group, and Atlas Copco collectively account for 20% market share.

The market in Canada has been forecasted to rise at a CAGR of 5.3% through 2033.

This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy
Google translate