Concrete Finishing Equipment Market is predicted to reach at a CAGR of 7% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Concrete Finishing Equipment Market”.

The Concrete Finishing Equipment Market is estimated to register a CAGR of 7.00% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Concrete Finishing Equipment Market— Beton Tool Company, Allen Engineering Corporation, Atlas Copco Limited, Mekaster Engineering Limited, Ligchine International, Masterpac Corporation, Gomaco Corporation, Multivibe, Universal Construction Machinery, Bartell Global, KYB Conmat Pvt. Ltd., Flextool, Cessco, Inc., Somero Enterprises, Inc., Wacker Neuson SE, and Jurong Topall Machinery Co. Ltd.

Market Highlights

The global Concrete Finishing Equipment Market is accounted to register a CAGR of 7.00% during the forecast period and is estimated to reach by 2032.

Regional municipal corporations increasingly utilize concrete finishing equipment to pave roads and complete essential infrastructure projects in urban and semi-urban areas.

Segment Analysis

The global Concrete Finishing Equipment Market has been segmented based on the Type, and End User.

Based on the Type, the market is segmented into Trowel Blades, Long Handle Float, Power Trowels, Mechanical Tube Finisher, Vibratory Screed Finisher, Tining Machine, Concrete Edger, and Others. The Power Trowels segment was attributed to holding the largest market share in 2022.  The power trowel's rotating blades efficiently produce a uniform and smooth surface, achieving a professional finish. Tailored for large-scale projects, these power trowels are well-suited for extensive concrete surfaces.

Based on the End User, the Concrete Finishing Equipment Market has been segmented into Residential, Commercial, and Industrial. The Residential segment was expected to hold the largest market share in 2022. The building of residential properties has been more active lately due to several reasons, including urbanization, population expansion, and rising housing costs. Concrete finishing tools are becoming more and more necessary as residential projects grow.

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Regional Analysis

The global Concrete Finishing Equipment Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Concrete Finishing Equipment Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Concrete Finishing Equipment Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Concrete Finishing Equipment Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Concrete Finishing Equipment Market was maintained by the North American regional sector. North America is currently undergoing a substantial construction boom propelled by key factors like population expansion, urbanization, and robust infrastructure development. This surge in construction demand spans residential, commercial, and industrial projects, consequently amplifying the requisite for advanced concrete finishing equipment. In 2022, U.S. construction initiations experienced a remarkable 16.7% upswing, reaching an impressive $912 billion. Of particular note is the unprecedented milestone achieved in the megaproject sector (projects surpassing $1 billion in value), where 31 such projects were initiated, amassing a record-breaking total value of $105.3 billion. This notable growth is further underscored by a substantial 36.7% increase in nonresidential building starts, predominantly fueled by the commencement of new factory construction projects.

Moreover, the Europe market has been persistently growing over the forecast period. Europe is currently undergoing substantial growth in construction and infrastructure development, positioning the construction sector as one of the largest contributors to the regional economy. This sector employs approximately 18 million individuals directly and contributes nearly 9% to the EU GDP. The surge in demand for innovative concrete finishing equipment is propelled by the need for new residential, commercial, and industrial structures, alongside infrastructure projects such as roads, bridges, and public facilities. This trend underscores the lucrative opportunities for advanced concrete finishing equipment within the European market.

The Asia-Pacific region is undergoing rapid urbanization, witnessing a substantial migration of people towards urban areas. This surge in urbanization is driving an upswing in construction activities, encompassing the development of residential complexes, commercial buildings, and key infrastructure projects. This heightened construction demand necessitates the utilization of advanced concrete finishing equipment. According to Invest India, the construction industry in India is poised to achieve a market value of $1.4 trillion by 2025. Notably, under the National Infrastructure Pipeline (NIP), India has earmarked a substantial investment budget of $1.4 trillion, distributed across various sectors. This includes 24% allocated to renewable energy, 18% to roads and highways, 17% to urban infrastructure, and 12% to railways, underscoring significant opportunities for stakeholders in the concrete finishing equipment market.

Furthermore, the rest of the world's Concrete Finishing Equipment Market is divided into the Middle East, Africa, and Latin America. The economic expansion in Latin America is fueling a surge in construction activities. In the region, the first half of 2022 saw the commencement of construction for 40 projects, encompassing a total of 8,481 rooms. During Q2 2022, there was a notable 57% year-on-year increase in new project announcements, totaling 36 projects and 6,208 rooms. As economies continue to grow, there is a parallel demand for contemporary and streamlined construction methodologies, underscoring the necessity for the adoption of advanced concrete finishing equipment.

Key Findings of the Study

• The global Concrete Finishing Equipment Market is expected to reach USD XX billion by 2032, at a CAGR of 7.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market Due to population increase, industrialization, and economic growth, the area is experiencing a significant construction boom. There is a strong need for concrete finishing equipment since the building industry plays a significant role in the region's economic growth.


• Based on Type, the Power Trowels segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.


• Beton Tool Company, Allen Engineering Corporation, Atlas Copco Limited, Mekaster Engineering Limited, Ligchine International, Masterpac Corporation, Gomaco Corporation, Multivibe, Universal Construction Machinery, Bartell Global, KYB Conmat Pvt. Ltd., Flextool, Cessco, Inc., Somero Enterprises, Inc., Wacker Neuson SE, and Jurong Topall Machinery Co. Ltd