Concrete Spreader Market Demand Expected to Surge with Growing Industrial Applications during 2018-2
Rental market for construction machinery are trends prevailing in the global concrete spreader market, which also hampers the sales of new equipment.
[USPRwire, Mon Jun 10 2019] A concrete spreader is employed to pour fresh concrete into the shuttered and reinforced pallets or in flat surfaces as concrete spreader is a construction equipment that is generally used to place concrete on roads, parking lots, bridges, airports and other such places. Concrete Spreader receives concrete directly from the mixer or via a bucket conveyor and pours it in accordance with element contours or thickness. The concrete spreader can be controlled either manually or automatically. It surfaces the concrete flat and provides minor compaction. Concrete spreader is either dragged by the dump truck laying the concrete, but most of these are now self-propelled. Rising infrastructural and road development initiatives in emerging economies to develop smart cities, which serves a major driving factor that accelerates the growth of Concrete Spreader Market globally.
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The global Concrete Spreader market is expected to expand as a mid-single digit CAGR during the forecast period, owing to the rising demand from infrastructure segment globally, which is fueling the demand for concrete spreader globally.
Concrete Spreader Market Dynamics
With the growth in industrial and infrastructural sector in the fast pace economies globally, there has been a heavy expenditure on the road maintenance and infrastructural projects, creating demand for concrete spreader globally. The increasing population leads the demand for residential projects, attributed to the growth of the global concrete spreader market. In developing economies such as India, China, Brazil and Argentina, urbanization is taking place at a faster pace and will contribute to the growth of construction industry, which in turn, will spur the demand for concrete spreader. Wide range of construction projects like road construction, streets & highways, airport runways & many other projects, lead the demand for concrete spreader in during the forecast period. The traditional method of concrete spreading are labor intensive & requires more amount of time. This has resulted in a shift from conventional means of spreading the concrete to concrete spreading machine in the market. Also, concrete spreaders have several benefits over traditional concrete spreading the method, such as faster setting of concrete and low wastage of materials. Hence, owing to the several advantages of concrete spreader over conventional methods of spreading, its adoption is increasing, which in turn, fuels the demand for concrete spreader. Growth in urban population is a major megatrend, which is transforming the construction industry in most countries. In addition, demand for residential society is increasing, along with soaring demand for transport and utility infrastructure. This, in turn, is anticipated to propel the market over the coming years. Rental market for construction machinery are trends prevailing in the global concrete spreader market, which also hampers the sales of new equipment. All these factors are likely to boost the demand for concrete spreader.
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However, initial investment for the concrete spreader is high and high-cost act as a hurdle for the growth of the concrete spreader market.
Concrete Spreader Market Segmentation
Concrete spreader market is segmented on the basis of product type, operation type, operating capacity, spreading width, application & region. By product type, global concrete spreader market is segmented as slipform pavement & fixed pavement. By operation type, the global market for concrete spreader is segmented into manual & automatic. On the basis of spreading width, the global market for concrete spreader is segmented as less than 2m, 2-5m, 5-8 & more than 8m. By application, the global market for pallet circulation is segmented as flat surfaces (either ground or parking) construction, bridges, airport, highway construction, slope & canals and others. The global market for concrete spreader is segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania & MEA, by region.
Concrete Spreader Market Regional Overview
North American market for concrete spreader is estimated to dominate the global market followed by Europe & Asia Pacific (South & East Asia and Oceania). The Asia Pacific region is likely to be the fastest growing market for concrete spreader, owing to a large number of infrastructure development projects. Constructional activity from the developing nation in the Asia Pacific, such as China & India, showing high growth, which is expected to upsurge in demand for concrete spreader. The construction industry in the Middle East & Africa, shows substantial growth, which has fueled the demand for the concrete spreader in the region during the forecast period. North America & European market for concrete spreader, demonstrating significant growth in the near future owing to the high constructional activity.
Concrete Spreader Market Overview Prominent Players
The global concrete spreader market is dominated by key players such as EBAWE, Gomaco, Avermann, Power Cubers, Weckenmenn, Wirtgen, Terex, Guntert & Zimmerman, Saw Seal, CMI Roadbuilding and Stoltz, among others.
The research report presents a comprehensive assessment of the Concrete Spreader market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Concrete Spreader market segments such as equipment type, vehicle type, end user & region.
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