Summary

The North America ride-on power trowel components market is projected to grow steadily, with a market value of USD 27,785.1 thousand in 2024, reaching USD 39,808 thousand by 2031, driven by a CAGR of 5.30%. Ride-on power trowels have become a critical piece of equipment in the construction industry, offering superior surface finishing for large-scale projects. These components are gaining traction due to their operational efficiency, enhanced safety features, and ability to deliver high-quality concrete surfaces within shorter time frames.

Market Highlights

Ride-on power trowel components are extensively used in construction to ensure smooth, level, and durable concrete surfaces. Their use significantly reduces project completion times while boosting overall efficiency. The market is largely driven by the rising demand for advanced machinery, particularly for large-scale infrastructure projects such as roads, airport runways, and both residential and commercial construction.

The United States leads the region as the dominant market for ride-on power trowel components, while Canada is quickly catching up, driven by increasing infrastructure and urbanization initiatives. The competitive Analysis of the North American market remains moderately consolidated, with the top five manufacturers holding a significant market share.

Key Growth Drivers in North America

Government Investments in Infrastructure

The North American market for ride-on power trowel components is benefiting from extensive government investments in infrastructure projects. The growing need for durable and efficient concrete finishing has pushed the adoption of ride-on power trowels in both new construction and renovation activities. These machines are vital for achieving smooth and high-quality surfaces, a requirement for many modern infrastructure projects.

Increased Adoption for Repair & Maintenance Work

The rising number of renovation and repair projects is another significant growth driver. With aging infrastructure in several North American cities, there is a growing demand for tools that provide faster and more consistent results. Ride-on power trowels, known for their enhanced features, have become the go-to choice for infrastructure restoration, further propelling market growth.

E-commerce and Industrial Construction Expansion

The rapid growth of e-commerce and the need for efficient warehousing and distribution facilities have led to a construction boom in North America. Distribution centers, logistics hubs, and manufacturing facilities require robust, durable concrete floors that can withstand heavy machinery and frequent use. Ride-on power trowels are essential in providing the high-quality finish and durability needed for these industrial surfaces, making them a popular option for contractors.

Product Segmentation and Usage

High Demand for Float Pans

Among various ride-on power trowel components, float pans are seeing substantial demand due to their ability to provide a smooth finish during the early stages of concrete work. These circular metal plates, attached to the trowel arms, are used to level out the surface by redistributing the material evenly. Float pans are increasingly preferred for their lightweight design, ease of use, and cost-effectiveness, making them a favorite in the construction sector.

Concrete Finishing Equipment Expected to Grow in Revenue

Ride-on power trowel components are indispensable in both renovation and retrofitting projects. The demand for essential components such as trowel blades and float pans is expected to grow significantly as the need for fast, precise concrete finishing solutions continues to rise. This is particularly true in both new builds and restoration projects, where efficiency and cost-effectiveness are key considerations.

Market Challenges

High Costs and Short Lifespan of Components

Despite the many benefits offered by ride-on power trowels, the market faces challenges related to the high cost and rapid wear of components like trowel blades and float pans. These components often have short lifespans, requiring frequent replacement, which drives up operational costs for contractors. As a result, smaller construction firms often struggle to adopt these tools due to the financial burden of ongoing maintenance and replacement expenses.

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

oStandard Trowel Blades

oFinishing Trowel Blades

oCombination Trowel Blades

oSpecialty Trowel Blades

•Float Pans

oStandard Float Pans

oFinishing Float Pans

oCombination Float Pans

oSpecialty Float Pans

By Material:

•Trowel Blades

oSteel Blades

oStainless Steel Blades

oCarbon Steel Blades

oHigh Carbon Blades

oOthers

•Float Pans

oSteel Pans

oStainless Steel Pans

oCarbon Steel Pans

oHigh Carbon Pans

oOthers

By Size:

•Trowel Blades

oLess Than 12 Inches

o12 to 24 Inches

oGreater than 24 Inches

•Float Pans

oLess than 12 Inches

o12 to 24 Inches

oGreater than 24 Inches

By Application:

•Concrete Finishing

•Edging

•Others

By Sales Channel:

•OEMs

•Aftermarket

By Region:

•North America

oUnited States

oCanada

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Table of Contents

1. Executive Summary
1.1. North America Ride-on Power Trowel Components Digital Light Processing (DLP) Projector Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Price Analysis, 2019 - 2023
3.1. North America Ride-on Power Trowel Components Average Price Analysis, by Product Type/ Material, US$ Per Unit, 2019 - 2023
3.2. Prominent Factor Affecting Breast Tissue Prices
3.3. North America Ride-on Power Trowel Components Average Price Analysis, by Region, US$ Per Unit
4. North America Ride-on Power Trowel Components Digital Light Processing (DLP) Projector Market Outlook, 2019 - 2031
4.1. North America Ride-on Power Trowel Components Digital Light Processing (DLP) Projector Market Outlook, by Product Type, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Trowel Blades
4.1.1.1.1. Standard Trowel Blades
4.1.1.1.2. Finishing Trowel Blades
4.1.1.1.3. Combination Trowel Blades
4.1.1.1.4. Specialty Trowel Blades
4.1.1.2. Float Pans
4.1.1.2.1. Standard Float Pans
4.1.1.2.2. Finishing Float Pans
4.1.1.2.3. Combination Float Pans
4.1.1.2.4. Specialty Float Pans
4.2. North America Ride-on Power Trowel Components Digital Light Processing (DLP) Projector Market Outlook, by Material, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Trowel Blades
4.2.1.1.1. Steel Blades
4.2.1.1.2. Stainless Steel Blades
4.2.1.1.3. Carbon Steel Blades
4.2.1.1.4. High Carbon Blades
4.2.1.1.5. Others
4.2.1.2. Float Pans
4.2.1.2.1. Steel Pans
4.2.1.2.2. Stainless Steel Pans
4.2.1.2.3. Carbon Steel Pans
4.2.1.2.4. High Carbon Pans
4.2.1.2.5. Others
4.3. North America Ride-on Power Trowel Components Digital Light Processing (DLP) Projector Market Outlook, by Size, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Trowel Blades
4.3.1.1.1. Less Than 12 Inches
4.3.1.1.2. 12 to 24 Inches
4.3.1.1.3. Greater than 24 Inches
4.3.1.2. Float Pans
4.3.1.2.1. Less than 12 Inches
4.3.1.2.2. 12 to 24 Inches
4.3.1.2.3. Greater than 24 Inches
4.4. North America Ride-on Power Trowel Components Digital Light Processing (DLP) Projector Market Outlook, by Sales Channel, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.4.1. Key Highlights
4.4.1.1. Concrete Finishing
4.4.1.2. Edging
4.4.1.3. Others
4.5. North America Ride-on Power Trowel Components Digital Light Processing (DLP) Projector Market Outlook, by Sales Channel, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.5.1. Key Highlights
4.5.1.1. OEMs
4.5.1.2. Aftermarket
4.6. North America Digital Light Processing (DLP) Projector Market Outlook, by Country, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1. Key Highlights
4.6.1.1. U.S. Digital Light Processing (DLP) Projector Market by Product Type, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.2. U.S. Digital Light Processing (DLP) Projector Market by Material, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.3. U.S. Digital Light Processing (DLP) Projector Market by Size, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.4. U.S. Digital Light Processing (DLP) Projector Market by Sales Channel, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.5. U.S. Digital Light Processing (DLP) Projector Market by Sales Channel, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.6. Canada Digital Light Processing (DLP) Projector Market by Product Type, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.7. Canada Digital Light Processing (DLP) Projector Market by Material, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.8. Canada Digital Light Processing (DLP) Projector Market by Size, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.9. Canada Digital Light Processing (DLP) Projector Market by Sales Channel, Value (US$ Thousand) and Volume (Units), 2019 - 2031
4.6.1.10. Canada Digital Light Processing (DLP) Projector Market by Sales Channel, Value (US$ Thousand) and Volume (Units), 2019 - 2031
5. Competitive Landscape
5.1. Product Type vs Application Heatmap
5.2. Company Market Share Analysis, 2024
5.3. Competitive Dashboard
5.4. Company Profiles
5.4.1. Multiquip Inc.
5.4.1.1. Company Overview
5.4.1.2. Product Portfolio
5.4.1.3. Financial Overview
5.4.1.4. Business Strategies and Development
5.4.2. Allen Engineering Corporation
5.4.2.1. Company Overview
5.4.2.2. Product Portfolio
5.4.2.3. Financial Overview
5.4.2.4. Business Strategies and Development
5.4.3. Whiteman/Multiquip
5.4.3.1. Company Overview
5.4.3.2. Product Portfolio
5.4.3.3. Financial Overview
5.4.3.4. Business Strategies and Development
5.4.4. Wacker Neuson
5.4.4.1. Company Overview
5.4.4.2. Product Portfolio
5.4.4.3. Financial Overview
5.4.4.4. Business Strategies and Development
5.4.5. MBW Inc.
5.4.5.1. Company Overview
5.4.5.2. Product Portfolio
5.4.5.3. Financial Overview
5.4.5.4. Business Strategies and Development
5.4.6. Bartell Global
5.4.6.1. Company Overview
5.4.6.2. Product Portfolio
5.4.6.3. Financial Overview
5.4.6.4. Business Strategies and Development
5.4.7. Husqvarna Construction Products
5.4.7.1. Company Overview
5.4.7.2. Product Portfolio
5.4.7.3. Financial Overview
5.4.7.4. Business Strategies and Development
5.4.8. Marshalltown Company
5.4.8.1. Company Overview
5.4.8.2. Product Portfolio
5.4.8.3. Financial Overview
5.4.8.4. Business Strategies and Development
5.4.9. Bon Tool Co.
5.4.9.1. Company Overview
5.4.9.2. Product Portfolio
5.4.9.3. Financial Overview
5.4.9.4. Business Strategies and Development
5.4.10. Stow Construction Equipment
5.4.10.1. Company Overview
5.4.10.2. Product Portfolio
5.4.10.3. Financial Overview
5.4.10.4. Business Strategies and Development
5.4.11. EZG Manufacturing
5.4.11.1. Company Overview
5.4.11.2. Product Portfolio
5.4.11.3. Financial Overview
5.4.11.4. Business Strategies and Development
5.4.12. Kraft Tool Co.
5.4.12.1. Company Overview
5.4.12.2. Product Portfolio
5.4.12.3. Financial Overview
5.4.12.4. Business Strategies and Development
5.4.13. BonWay Inc.
5.4.13.1. Company Overview
5.4.13.2. Product Portfolio
5.4.13.3. Financial Overview
5.4.13.4. Business Strategies and Development
5.4.14. QLT by Marshalltown
5.4.14.1. Company Overview
5.4.14.2. Product Portfolio
5.4.14.3. Financial Overview
5.4.14.4. Business Strategies and Development
5.4.15. Beton Trowel NV
5.4.15.1. Company Overview
5.4.15.2. Product Portfolio
5.4.15.3. Financial Overview
5.4.15.4. Business Strategies and Development
5.4.16. Atlas Copco
5.4.16.1. Company Overview
5.4.16.2. Product Portfolio
5.4.16.3. Financial Overview
5.4.16.4. Business Strategies and Development
5.4.17. Allen Razorback Concrete Tools
5.4.17.1. Company Overview
5.4.17.2. Product Portfolio
5.4.17.3. Financial Overview
5.4.17.4. Business Strategies and Development
5.4.18. Crown Construction Equipment
5.4.18.1. Company Overview
5.4.18.2. Product Portfolio
5.4.18.3. Financial Overview
5.4.18.4. Business Strategies and Development
5.4.19. Bunyan Industries
5.4.19.1. Company Overview
5.4.19.2. Product Portfolio
5.4.19.3. Financial Overview
5.4.19.4. Business Strategies and Development
5.4.20. Stone Construction Equipment, Inc.
5.4.20.1. Company Overview
5.4.20.2. Product Portfolio
5.4.20.3. Financial Overview
5.4.20.4. Business Strategies and Development
6. Appendix
6.1. Research Methodology
6.2. Report Assumptions
6.3. Acronyms and Abbreviations