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The global surface levelling equipment market is set to be driven by new infrastructural projects in the residential sector and expansion of road networks across rural areas by 2028.
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Surface Levelling Equipment Market Revenue Analysis & Region and Country Forecast To 2028 The global surface levelling equipment market is set to be driven by new infrastructural projects in the residential sector and expansion of road networks across rural areas by 2028. As the population trend soars, the demand for new residential projects will rise in the coming years, causing significant ripples in the construction equipment domain. Surface levelling equipment such as power trowel are essential to the construction sector as it enables smooth and even concrete surfaces, subsequently improving the overall look of the project. Get sample copy of this research report @ https://www.gminsights.com/request- sample/detail/5211 With an anticipated increase in construction activities, surface levelling equipment businesses could see substantial proceeds in terms of revenue. According to the Global Construction 2030 report, the volume of construction output is forecasted to grow by 85% to $15.5 trillion worldwide by 2030, with China, the US and India leading the way by accounting for 57% of all global growth. Surface levelling equipment market is classified based on product type and regional outlook. Latest advancements in construction equipment technology could impel the ride-on power floats product segment through 2028. This type of power trowel can smoothen and polish concrete surfaces across wider areas compared to a walk-behind trowel. It not only enables high productivity but also prevents leaving of footmarks on wet concrete. Ride-on power trowel manufacturers are integrating new technologies to make them more efficient and reliable. In 2020, Multiquip revealed the introduction of its first compact rider trowel model called 'LD6 ride-on power trowel' that features a fully hydrostatic drive system that delivers powerful performance and value to concrete contractors. Companies offering surface levelling equipment are expanding their business reach to boost product development. In 2019, Swedish power product manufacturer, Husqvarna Group announced the takeover of concrete power trowel business from Wacker Neuson Group, including all manufacturing assets, products, and R&D relating to both ride-on and walk-behind concrete power trowels. The market for truss screeds is also expected to expand triggered by its ability to cover maximum area and offer high levelling accuracy. They are mostly used in various levelling, compacting, and mudding projects on concrete roads. Quick assembled by joints and connected couplings make truss screeds easy to unload and use in any concrete levelling project. Furthermore, higher construction efficiency © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com
and constant flatness enable it to greatly improve the overall performance of concrete with more strength and bearing capacity. The surface levelling equipment market of Middle East and Africa (MEA) is forecasted to record a CAGR of over 4% through 2028, driven by new construction activities in the hospitality and residential building domain. Countries in the Middle East are pouring huge investment into infrastructure development to meet demand arising across the region. According to a recent report, the Gulf Kingdom has already invested over $133.3 billion into the housing sector in line with its economic diversification scheme 'Vision 2030'. Construction of new projects in the hospitality and automobile sector will open new doors for surface levelling equipment manufacturers in MEA. In 2022, Qiddiya Investment Company awarded a contract worth $750 million for constructing the kingdom's first and largest water theme park. In 2022, luxury electric vehicle manufacturer Lucid Motors signed agreements with the Saudi Industrial Development Fund (SIDF), the Ministry of Investment of Saudi Arabia (MISA), and the Economic City at King Abdullah Economic City (KAEC) for a full production facility in Saudi Arabia. Request for customization @ https://www.gminsights.com/roc/5211 Table of Contents (ToC) of the report: Chapter 1 Methodology & Scope 1.1 Scope & definition 1.2 Methodology and forecast parameters 1.3 Region-wise COVID-19 impact analysis: 1.3.1 North America 1.3.2 Europe 1.3.3 Asia Pacific 1.3.4 Latin America 1.3.5 Middle East & Africa (MEA) 1.4 Data Sources 1.4.1 Secondary © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com
1.4.2 Primary 1.5 Industry Glossary 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 Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/surface-levelling-equipment-market 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 Us: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: 1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email:sales@gminsights.com © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com
