Global Power Float Market Report and Forecast 2024-2032

Global Power Float Market Outlook

The global power float market is expected to grow at a CAGR of 4.6% between 2024 and 2032, driven by the increase in construction projects worldwide.

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Market Drivers and Key Trends

A power float is a hand-operated machine employed to make a dense, smooth, and level surface finish to in-situ concrete beds. Also known as mechanical trowels, power floats are available in various sizes. The usage of power float reduces the time and removes the requirement for materials that would be needed to produce a finishing screed on the surface. It is less dependent on manual labour and also takes less amount of time as compared to hand trowelling.

• With the growing requirement for more industrial and commercial spaces due to the rising population, the power float market demand is expected to fuel across the globe.

• The surging demand from the residential sector coupled with an increase in government initiatives offering financial support as well as the rising construction of buildings are likely to bolster the market growth of power floats.

• There are increased spending capacities of consumers and companies investing in construction, and correspondingly, higher demands from the quality and speed of construction. Power floats are effective in delivering smooth results quickly, and in a cost-efficient manner.

• Despite the easy usability of power float machines, the careful timing is necessary for its application so that the concrete has partially set and is ready for surface finishing. Positioning is also integral, so that all marks, including footprints are smoothed out. The challenges in usage result in need for experienced personnel to operate power floats effectively.

Market Analysis 

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Based on type, the power float market can be segmented into ride-on and walk behind. On the basis of blade diameter, the market is categorised into less than 36 inch, 36-48 inch, and above 48 inches. Based on the propulsion type, the market is divided into petrol, diesel, and electric, among others. According to application, the market is segmented into commercial buildings, and industrial building, among others. The regional markets can be divided 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 power float market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• Husqvarna AB

• Allen Engineering Corporation

• Bartell Global

• Multiquip Inc.

• Barikell srl

• MBW Incorporated

• Beton Tool Company srl

• Sima Construction Machinery

• Crommelin Group

• Henan Ideal Machinery Equipment Co., Ltd.

• Flextool Floor Solution

• Others

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Key Highlights of the Report