United States

Surface Levelling Equipment Market to hit $400 million by 2028, Says Global Market Insights Inc.

Major surface levelling equipment market participants include Allen Engineering Corporation, Badger Meter, Inc., Bartell Global Inc., Chicago Pneumatic, Husqvarna AB, Lievers Holland, Lindley, Inc., MBW Inc., Multiquip Inc., and Wacker Neuson.

Selbyville, Delaware, March 08, 2022 (GLOBE NEWSWIRE) —

The surface levelling equipment market is expected to surpass USD 400 million by 2028, as reported in a research study by Global Market Insights Inc. Growing population and supportive government initiatives for the construction sector are boosting the market growth. The equipment plays a vital role in surface levelling, plaining, finishing, and spot removing, accelerating its adoption in flooring and road development applications.

The surface levelling equipment industrywas considerably impacted in 2020 and 2021 owing to the significant spread of COVID-19 virus and its variants worldwide. Screeds and power floats sales declined due to shutdown of offline stores as well a temporary suspension of construction projects. The market is likely to witness significant growth during the projected timeframe on account of supportive government initiatives to increase the employment rate. For instance, in October 2020, the Government of Mexico announced to invest USD 14.2 billion in 39 infrastructure projects to revive its pandemic-affected economy.

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The major factor driving the adoption of ride-on power trowels is the rising demand for automated concrete finishing in large surfaces areas. The rising number of large warehouses and airport construction projects are spurring the demand for ride-on power trowels.

The increasing surface levelling equipment market revenue in Europe is attributed to the growing demand for advanced equipment as it provides cost-effective operations compared to conventional solutions. The key vendors in the region are extensively working on developing integrated surface leveling equipment. For instance, in March 2021, Cemex UK launched the Supaflo Rapide Screed, a sulfate binder-based screed suitable for commercial & domestic floor applications.

The companies in the surface levelling equipment market are emphasizing on mergers & acquisitions to enhance their service offerings. For instance, in November 2020, Husqvarna Group’s Construction Division acquired Blastrac, a provider of surface preparation technologies for the construction industry. This acquisition aimed to build and expand its offerings in the market for surface preparation.

Some prime findings in the surface levelling equipment market report include:

  • Significant government investments in road & infrastructure development are fueling the market in North America. The major regional players are developing advanced & best-in-class surface leveling equipment.
  • Growing smart city projects in Europe are creating a positive market outlook for surface levelling equipment. The key vendors in the region are extensively working on developing integrated surface leveling equipment.
  • Asia Pacific market demand is driven by the development of high-end infrastructure in countries such as China, Japan, Australia, and India. Moreover, rising manufacturing activities and increasing investments in smart city projects are propelling the regional market size.
  • Latin America is poised to showcase prominent growth through 2028 led by increasing transportation and construction industries. Additionally, growing modernization & urbanization trends and increasing government spending in infrastructure development projects are fostering the industry statistics.
  • Considerable increase in surface levelling equipment sales in the MEA is impelled by the rising development of metropolitan cities and rapid urbanization across the region.
  • The major surface levelling equipment market players include Chicago Pneumatic, Husqvarna AB, Wacker Neuson, Lievers Holland, Bartell Global Inc., Lindley, Inc., Allen Engineering Corporation, MBW Inc., Badger Meter, Inc., and Multiquip Inc.

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Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary
2.1    Surface levelling equipment industry 3600 synopsis, 2018 – 2028
2.2    Business trends
2.2.1    Regional trends
2.2.2    Product trends
Chapter 3   Surface Levelling Equipment Industry Insights
3.1    Impact of COVID-19 pandemic
3.1.1    Global outlook
3.1.2    Regional impact
3.1.2.1    North America
3.1.2.2    Europe
3.1.2.3    Asia Pacific
3.1.2.4    Latin America
3.1.2.5    MEA
3.1.3    Industry value chain
3.1.3.1    Research and development
3.1.3.2    Marketing
3.1.3.3    Supply
3.1.4    Competitive Landscape
3.1.4.1    Strategy
3.1.4.2    Distribution Network
3.1.4.3    Business Growth
3.2    Industry ecosystem analysis
3.2.1    Suppliers
3.2.2    Manufacturers
3.2.3    Distribution channel analysis
3.2.4    Profit margin analysis
3.2.5    End-use landscape
3.3    Investment landscape
3.4    Technology & innovation landscape
3.4.1    Electric Power Trowel
3.4.2    Mechanical Ride-On Trowels
3.5    Regulatory Landscape
3.5.1    International standards
3.5.1.1    ISO 13105-1:2014
3.5.1.2    ISO11375:1998(EN)
3.5.2    North America
3.5.3    Europe
3.5.4    Asia Pacific
3.5.5    Latin America
3.5.6    Middle East and Africa
3.6    Industry impact forces
3.6.1    Growth drivers
3.6.1.1    Increasing government spending on infrastructure development
3.6.1.2    Significant proliferation of residential construction across the globe
3.6.1.3    Proliferation of screeds and power floats rental companies
3.6.1.4    Lack of skilled labors for manual surface levelling in North America and Europe
3.6.2    Industry pitfalls and challenges
3.6.2.1    High-cost prices associated with surface levelling equipment
3.7    Growth Potential Analysis
3.8    Porter’s analysis
3.8.1    Supplier Power
3.8.2    Buyer Power
3.8.3    Threat of new entrants
3.8.4    Threat of substitutes
3.8.5    Industry Rivalry
3.9    PESTLE Analysis
3.9.1    Political
3.9.2    Economic
3.9.3    Social
3.9.4    Technological
3.9.5    Environmental
3.9.6    Legal

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

CONTACT: Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: [email protected]

Disclaimer: This content is distributed by The GlobeNewswire

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