In the construction industry, power trowels are used to trowel concrete surfaces during finishing and floating operations. This equipment is becoming more popular in various locations as a means of achieving superior concrete finishes and smooth surfaces in large construction projects such as commercial and industrial buildings, storage, airports, and so on. As a result, the power trowel market is expected to grow during the forecast period. Furthermore, the increased use of technologically enhanced troweling methods for high-volume finishing projects boosts the growth of the power trowel market.
MARKET SCOPE
The "Global Exhaust System Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the exhaust system market with detailed market segmentation by type, propulsion type, and geography. The report provides key statistics on the market status of the leading exhaust system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global exhaust system market is segmented into walk-behind power trowel and ride-on power trowel.
- On the basis of propulsion type, the market is segmented into gasoline, diesel, gas/LPG and electric.
MARKET DYNAMICS
Drivers:
- The growing demand for mechanized concrete finishing equipment, combined with the numerous advantages of power trowel equipment, is propelling the power trowel market forward.
- Furthermore, the increased use of technologically enhanced troweling methods for high-volume finishing projects boosts the growth of the power trowel market.
- Infrastructure development and burgeoning expansion of commercial and industrial sectors in the emerging and developing economies are expected to spur the power trowel market growth.
- Technological advancements in construction industry.
Restraints:
- High cost the power trowel is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The exhaust system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the exhaust system market in these regions.
IMPACT OF COVID-19 ON EXHAUST SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the exhaust system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from exhaust system market are anticipated to lucrative growth opportunities in the future with the rising demand for exhaust system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the exhaust system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allen Engineering Corporation
- Atlas Copco
- Bartell Global
- Beton Trowel
- MASTERPAC
- MBW Incorporated
- Multiquip Inc.
- Sona Construction Technologies Private Limited
- Tomahawk Power
- Wacker Neuson SE