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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Concrete Tools Market Outlook
The global concrete tools market is expected to grow at a CAGR of 6.6% between 2024 and 2032.
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Market Drivers and Key Trends
Concrete tools are also known as cement tools and are used to provide smoothness, hardness, and density to the slab surfaces made with concrete. There are various concrete tools available, depending upon the stage of concrete construction and the action performed. Basic tools are used to pour and structure the concrete while finishing tools are used for décor and styling. Concrete finishers are used to smooth and finish concrete surfaces which help in completing the construction process.
Rental services for concrete tools are witnessing growing demand for construction purposes and is expected to become a major trend. Renting helps the smaller construction companies save money and supports for short term needs for the equipment. It also eliminates the responsibility of maintaining and servicing of the equipment.
Technological advancements are helping reduce the labour cost along with keeping a track of work done from time to time and increasing the efficiency of the products. These are done using ICT and IoT technologies which are contributing to the growth of the concrete tools market.
Large investments are made by various governments and private sector companies for the construction of new commercial, public, and residential infrastructures which will make use of the concrete tools in the process. Thus, contributing to the growth of the market for concrete tools.
Market Analysis
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Based on type, the global concrete tools market can be segmented into concrete vibrators, power trowels, groove cutters, saws, wheelbarrows, shovels and digging bars, floats and screeds and others. On the basis of application, it can be divided into residential, commercial, and industrial. The regional markets are categorised into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global concrete tools market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Robert Bosch GmbH
- Stanley Black & Decker, Inc.
- Makita Corporation
- Allen Engineering Corp.
- Kraft Tool Co.
- Beton Tool Company
- Leading Tools Industrial Co., Ltd
- Marshalltown Company
- Hyde Tools, Inc
- Others
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Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for concrete tools is expected to grow at a CAGR of 6.6% between 2024 and 2032.
Concrete tools also known as cement tools provide smoothness, hardness, and density to the concrete surfaces. They vary depending upon the stage of concrete construction and the activity to be performed by the tool.
The most prominently used concrete tools include concrete vibrators, power trowels, groove cutters, saws, wheelbarrows, shovels and digging bars, and floats and screeds, among others.
The market for concrete tools is segmented based on product, application, and region.
Technological advancements, rental services, and increase in construction are the key trends in the market.
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