Press Release

Global Power Float Market to witness Significant Growth till 2026

Launch of technologically advanced power float and the ongoing construction projects is expected to drive the demand for global power float market in forecast period.

According to TechSci Research report, “Global Power Float Market By Type (Ride-on (Hydrostatic, Mechanical), Walk Behind)) By Application (Commercial Buildings, Industrial Buildings, Others) By Blade Diameter (36 inch, 46- 48 inch, Above 48 inch), By Region, Company Forecast & Opportunities, 2026”, the global power float market is expected to witness steady growth in the forecast period. A power float is construction equipment which is used to provide smooth, dense, and level surface finish to concrete floors. Power float is generally used in large construction projects such as industrial and commercial buildings, airports, storage units, amongst others to give them superior concrete smooth finishes. Power float consists of a petrol engine or electric motor over a circular pan and is used over the surface to provide a smooth hardened finish. The growing construction activity is fueling the growth of the construction equipment rental market. Renting of the construction equipment offers several advancements over the purchase of new construction equipment such as it is cost-effective in nature, and it can be used over again which is expected to spur the construction industry market growth. Expansion of the commercial and industrial sector in the developing economies is expected to boost the demand for the power float in the next five years. The surge in labor costs is creating the need for effective construction equipment which is expected to fuel the market growth.

The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing. Leading authorities around the globe imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. The ongoing construction activities were temporarily suspended during this period and the upcoming projects were postponed reducing the effect of coronavirus. Manufacturing units of power float were shut down till notice and the workers migrated back to their native places which negatively affected the market growth. The disruption in the supply chain was observed due to the restrictions imposed on the import and export activities.

However, the high cost of power float construction equipment may hamper the growth of the market in the forecast period.

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Global power float market is segmented into type, application, blade diameter, regional distribution, and company. Based on the type, the market can be divided into ride-on and walk behind. The ride-on segment is expected to dominate the market in the forecast period, 2022-2026. The ride-on power float is used for trowelling the concrete surfaces through the finishing and floating operations. It is generally used in heavy load areas such as industrial buildings, airports, garages, housing, warehouses, amongst others. The growing demand for mechanized concrete finishing in large surface areas is fostering the growth of the market. The ride-on market can be further divided into hydrostatic and mechanical. The hydrostatic ride-on power float is expected to account for a major market share in the forecast period as it can be easily operated with smooth running. 

Multiquip Inc, Wacker Neuson Group, Allen Engineering Corporation, Altas Copco, Parchem Construction, Supplies Pty. Ltd., Bartell Morisson Inc., Shanghai Dragon Construction Equipment Co., Masterpac, MBW Inc., Shandong Shenhua Machinery Manufacturing Co., Ltd. are the leading players operating in global power float market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several power float manufacturers are coming up with their technologically advanced offerings.

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“The construction industry is expected to pick up the pace post-COVID-19 period as it was adversely affected during the COVID-19 pandemic. The growing demand for the construction of healthcare facilities, hospitals, research institutions, laboratories, amongst others influenced the growth of the power float market. The huge investments by the market players for technological up-gradation of the existing infrastructures to increase the efficiency and performance of the power float machine which in turn is expected to pave the way for the market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research b Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing ased global management consulting firm.

Global Power Float Market By Type (Ride-on (Hydrostatic, Mechanical), Walk Behind)) By Application (Commercial Buildings, Industrial Buildings, Others) By Blade Diameter (36 inch, 46- 48 inch, Above 48 inch), By Region, Company Forecast & Opportunities, 2026has evaluated the future growth potential of global power float market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global power float market.


 

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Global Power Float Market By Type (Ride-on (Hydrostatic, Mechanical), Walk Behind)) By Application (Commercial Buildings, Industrial Buildings, Others) By Blade Diameter (36 inch, 46- 48 inch, Above 48 inch), By Region, Company Forecast & Opportunities, 2026

Infrastructure | Aug, 2021

Increased investments in the construction industry and growing expenditure capacity are expected to drive the demand of the global power float market in the forecast period.

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