North America Ride-on Power Trowel Components Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America)

Description

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 essential tools within the construction industry, offering superior surface finishing solutions for large-scale projects. Their components are gaining increased popularity due to their efficiency, advanced safety features, and ability to deliver high-quality concrete surfaces more quickly and effectively.

Key Market Insights

Ride-on power trowel components play a vital role in the construction sector by providing smooth, even, and durable concrete surfaces, leading to quicker project completion and enhanced operational efficiency. The market's growth is largely attributed to the rising demand for cutting-edge machinery capable of meeting the needs of road construction, airport runway projects, and residential and commercial buildings.

The United States leads the regional market, while Canada is also gaining prominence due to ongoing infrastructure projects. The competitive Analysis is moderately consolidated, with the top five manufacturers holding a significant share of the North American market for ride-on power trowel components.

Key Drivers of Market Growth in North America

Government Spending on Infrastructure

Government investments in infrastructure and urban development are key drivers boosting the demand for ride-on power trowel components throughout North America. The growing need for efficient and long-lasting concrete finishing equipment has increased the adoption of ride-on trowels for both new builds and renovation projects. These machines are engineered to create smooth, top-quality surfaces that align with the expectations of modern infrastructure development.

Increasing Use in Repair & Maintenance Projects

The demand for ride-on power trowels is rising in the context of renovation and repair projects. As many cities grapple with aging infrastructure, there is a greater need for equipment that delivers consistent and rapid results. With advanced features and enhanced performance, ride-on power trowels are being increasingly utilized in infrastructure restoration, driving up demand in the market.

Growth in E-Commerce and Industrial Construction

The expansion of e-commerce and the growing need for large, efficient warehousing facilities have spurred construction activity across North America. Distribution centers, logistics hubs, and manufacturing facilities require robust concrete floors that can withstand heavy machinery and constant wear. Ride-on power trowels are integral to achieving the required surface quality and durability, making them a preferred choice for contractors involved in these large-scale industrial projects.

Product Segmentation and Applications

Rising Demand for Float Pans

Among the various ride-on power trowel components, float pans are seeing heightened demand due to their cost-effectiveness and ability to produce a smoother finish during the initial stages of concrete work. These circular metal plates, attached to the trowel arms, help level the concrete by redistributing material from higher to lower areas. Known for being lightweight, easy to handle, and economical, float pans have become a popular choice in the construction industry.

Concrete Finishing Equipment Expected to Drive Revenue Growth

Components like trowel blades and float pans are vital for delivering precise finishes in both new construction and renovation projects. The demand for these items is projected to increase as contractors seek faster, more efficient solutions for concrete finishing. This trend is likely to drive significant revenue growth in the ride-on power trowel components market.

Market Challenges

High Costs and Short Lifespan of Components

While ride-on power trowels offer numerous benefits, the high cost and rapid wear of essential components-such as trowel blades and float pans-pose challenges for the market. Frequent component replacements add to operational expenses, making it financially difficult for small and medium-sized construction companies to adopt these tools on a large scale.

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

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