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Concrete Finishing Equipment Market Anticipated Expansion with 7% CAGR by 2032

Apr 19, 2024 11:22 AM ET

Concrete Finishing Equipment Market Anticipated Expansion with 7% CAGR by 2032

Concrete Finishing Equipment Market Overview:

The market for finishing equipment of concrete is expected to grow from a significant value by 2032 with a CAGR of 7.00% between 2024 and 2032. The rise in ongoing residential and commercial projects coupled with upcoming building permits issued by the relevant regulatory bodies are considered as major factors driving the demand for concrete finishing equipment. The Concrete Finishing Equipment Market encompasses a range of machinery and tools used in the final stages of concrete placement and finishing processes. This equipment is essential for achieving smooth, durable, and aesthetically pleasing concrete surfaces in construction projects such as buildings, roads, bridges, and infrastructure. Concrete finishing equipment includes screeds, trowels, power floats, edgers, and various hand tools designed to level, smooth, texture, and finish concrete surfaces.

As well, it is expected that majority of the growth in the concrete finishing equipment market will be due to increased numbers of customers opting to do remodelling/renovation work on their existing homes and flats. The main reason behind such an increase in popularity of surfaces made from concrete is that this material withstands very harsh weather conditions.

This shows how the industry’s untapped opportunities corresponded with fluctuating remodelling and building industry preferences like a change in consumer demand towards Concrete Finishing Equipment. Therefore, over the forecast period, we anticipate an increasing demand for concrete finishing equipment driven by rising residential and commercial projects as well as more people choosing to repair or renovate existing houses.

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Major players in the Concrete Finishing Equipment Market, including.

  • Beton Tool Company,
  • Allen Engineering Corporation,
  • Atlas Copco Limited,
  • Mekaster Engineering Limited,
  • Ligchine International,
  • Masterpac Corporation,
  • Gomaco Corporation,
  • Multivibe,
  • Universal Construction Machinery,
  • Bartell Global,
  • KYB Conmat Pvt. Ltd.,
  • Flextool,
  • Cessco, Inc.,
  • Somero Enterprises, Inc.,
  • Wacker Neuson SE,
  • Jurong Topall Machinery Co. Ltd.

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Concrete Finishing Equipment Market Segment Insights:

Equipment Type: Concrete finishing equipment includes screeds, trowels, power floats, edgers, brooms, and surface preparation tools. Each type of equipment serves specific functions in levelling, smoothing, texturing, and finishing concrete surfaces.

Technology: Advanced technologies such as laser-guided systems, computerized controls, and robotic automation are increasingly integrated into concrete finishing equipment to enhance precision, productivity, and user experience.

Application: Concrete finishing equipment is used in various applications, including residential, commercial, industrial, and infrastructure construction projects. Each application requires specific finishing techniques and equipment configurations to achieve desired surface characteristics and performance requirements.

End-user Industry: Industries driving demand for concrete finishing equipment include construction, infrastructure development, road and highway construction, airport construction, and decorative concrete applications such as stamped concrete and polished concrete flooring.

Regional Analysis

Market information for North America; Europe; Asia-Pacific; Row (Rest-of-the-World) has been provided separately under each regional section. Several important aspects are responsible for the expected growth of the Concrete Finishing Equipment market in North America. Public investments into infrastructure development also stimulate construction activities whereas private investors have been keenly involved in enhancing roads as well as public buildings.

Asia-Pacific Concrete Finishing Equipment Market is projected to grow at the fastest CAGR between 2023 and 2032. Governmental investments, legislations and initiatives play a significant role in promoting the development of the building sector. Moreover, an increasing number of Asia-Pacific countries prioritize infrastructure improvement as one of their top concerns. Such activities frequently require usage of technologically advanced concrete finishing equipment that complies with contemporary rules governing constructions; for example, projects like Smart City Mission aimed at creation of hundred smart cities show commitment towards increasing living standards through contemporary urban planning involving technology among others.

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Competitive Landscape

The concrete finishing equipment market is highly competitive, with several global and regional players offering a diverse range of products and services. Leading manufacturers focus on product innovation, quality assurance, and customer support to maintain their competitive edge. Strategies include investment in research and development to introduce advanced features, improve equipment performance, and address evolving customer needs.

Moreover, partnerships with construction contractors, equipment rental companies, and distribution channels help manufacturers expand their market reach and provide value-added services such as training, maintenance, and technical support. Customization options, aftermarket services, and financing solutions are also essential for meeting customer preferences and building long-term relationships.

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Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Défense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor. Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis about diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.

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