MarkWide Research

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 310-961-4489

24/7 Customer Support

All our reports can be tailored to meet our clients’ specific requirements, including segments, key players and major regions,etc.

Powered Screed market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2024-2032

Published Date: April, 2024
Base Year: 2023
Delivery Format: PDF+ Excel
Historical Year: 2017-2023
No of Pages: 263
Forecast Year: 2024-2032
Category

Corporate User License

$3,450.00

Market Overview

The powered screed market is a rapidly growing industry that plays a crucial role in the construction sector. A powered screed is a specialized machine used to level and finish concrete surfaces efficiently. It is designed to save time and labor, providing a smooth and even finish to concrete floors, pavements, and other construction projects. This market has witnessed significant growth in recent years, owing to the increasing demand for infrastructure development and the adoption of advanced technologies in the construction industry.

Meaning

A powered screed, also known as a concrete screed, is a construction equipment used to level freshly poured concrete surfaces. It is designed to eliminate the need for manual labor-intensive processes, such as hand screeding, and helps achieve a high-quality finish. Powered screeds come in various types, including vibratory screeds, laser-guided screeds, and roller screeds, each offering unique advantages based on the project requirements.

Executive Summary

The powered screed market has experienced substantial growth in recent times, driven by the rising demand for efficient and precise concrete finishing in construction projects. This growth is further propelled by technological advancements and innovations in the construction equipment industry. The market has witnessed a surge in demand from both developing and developed regions, reflecting the increasing focus on infrastructure development.

Powered Screed Market

Key Market Insights

  • Rapid urbanization and industrialization are key factors driving the demand for powered screeds globally.
  • The construction industry’s shift towards advanced technologies and automation is fostering market growth.
  • Government initiatives and investments in infrastructure projects are creating favorable market conditions.
  • The need for time-efficient and cost-effective construction practices is boosting the adoption of powered screeds.

Market Drivers

  1. Increased Construction Activities: The surge in construction projects, such as residential and commercial buildings, infrastructure, and roadways, is fueling the demand for powered screeds. These machines offer quick and efficient concrete finishing, reducing overall construction time and costs.
  2. Growing Infrastructure Development: Governments worldwide are investing heavily in infrastructure development to support economic growth. Powered screeds are essential for creating smooth and durable concrete surfaces in various infrastructure projects, further driving market growth.
  3. Advancements in Construction Technology: The construction industry is witnessing significant technological advancements, and powered screeds are no exception. Manufacturers are introducing innovative features, such as laser-guided systems and GPS technology, to enhance the accuracy and efficiency of screeding operations.

Market Restraints

  1. High Initial Investment: The cost of powered screeds can be substantial, posing a challenge for small-scale contractors and builders. The initial investment required for purchasing or renting these machines may deter their widespread adoption in certain regions.
  2. Limited Awareness and Training: In some regions, there is a lack of awareness regarding the benefits of powered screeds, and skilled operators are limited. Proper training and knowledge are essential for using these machines effectively and achieving the desired results.
  3. Maintenance and Repair Costs: Powered screeds, like any other heavy machinery, require regular maintenance and occasional repairs. These additional costs can be a burden for construction companies, impacting their decision to invest in advanced equipment.

Market Opportunities

  1. Emerging Markets: The construction industry is booming in emerging markets, and the demand for advanced construction equipment, including powered screeds, is on the rise. Manufacturers can capitalize on these opportunities by expanding their presence in these regions.
  2. Rising Environmental Concerns: There is a growing emphasis on sustainable construction practices. Powered screeds that offer eco-friendly features, such as low emissions and fuel efficiency, can find a competitive edge in the market.
  3. Rental and Leasing Services: Offering powered screeds on a rental or leasing basis can attract customers who may not be able to afford the upfront costs of purchasing the equipment. This approach can expand the customer base and drive additional revenue streams.

Market Dynamics

The powered screed market is characterized by intense competition, technological advancements, and evolving customer preferences. Key dynamics influencing the market include:

  • Technological Innovations: Manufacturers are continually investing in research and development to introduce new and improved powered screeds with enhanced features, efficiency, and precision.
  • Partnerships and Collaborations: Companies are forming strategic partnerships and collaborations to expand their product offerings and geographical reach.
  • Regulatory Landscape: The market is influenced by regulatory standards related to emissions, safety, and environmental impact. Compliance with these standards is crucial for manufacturers to gain customer trust and market acceptance.

Regional Analysis

The powered screed market exhibits significant regional variation in terms of demand, adoption, and market players. Some key regional insights include:

  • North America: The region is witnessing steady growth due to infrastructure development and the adoption of advanced construction technologies.
  • Europe: Strong government support for infrastructure projects and green building initiatives is driving the market in this region.
  • Asia Pacific: Rapid urbanization, industrialization, and massive infrastructure projects in emerging economies are contributing to the growth of the powered screed market.
  • Latin America: Construction activities and investments in the region are fueling the demand for powered screeds.
  • Middle East & Africa: The construction industry’s expansion and focus on developing modern infrastructure are creating opportunities for powered screed manufacturers.

Competitive Landscape

The powered screed market is highly competitive, with several key players vying for market share. Some of the prominent companies in the market include:

  • Company A
  • Company B
  • Company C
  • Company D
  • Company E

These companies are actively engaged in product development, mergers, acquisitions, and partnerships to strengthen their market presence and gain a competitive edge.

Segmentation

The powered screed market can be segmented based on various factors such as:

  1. Type of Powered Screed: Vibratory screeds, laser-guided screeds, roller screeds, etc.
  2. End-User: Residential, commercial, infrastructure, industrial, etc.
  3. Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Category-wise Insights

  1. Vibratory Screeds: Vibratory screeds are widely used for their versatility, as they are suitable for both large and small-scale projects. Their ability to achieve high levels of compaction and finishing makes them popular in the market.
  2. Laser-Guided Screeds: Laser-guided screeds offer unparalleled accuracy in leveling concrete surfaces. They use laser technology to precisely level the concrete, resulting in smooth and uniform finishes.
  3. Roller Screeds: Roller screeds are known for their efficiency in leveling concrete in large areas quickly. They are often used in highway and pavement construction projects.

Key Benefits for Industry Participants and Stakeholders

  1. Efficient Construction: Powered screeds significantly reduce the time required to finish concrete surfaces, leading to faster project completion and cost savings.
  2. High-Quality Finish: The use of powered screeds ensures a smooth and even finish, enhancing the overall aesthetics and durability of the concrete surface.
  3. Labor Savings: Powered screeds eliminate the need for manual labor-intensive processes, reducing labor costs and improving worker productivity.
  4. Increased Precision: Laser-guided and GPS-equipped powered screeds provide precise leveling, minimizing errors and rework.
  5. Sustainable Practices: Eco-friendly powered screeds contribute to sustainable construction practices by reducing emissions and fuel consumption.

SWOT Analysis

  • Strengths: Powered screeds offer time and labor savings, high-quality finishes, and advancements in technology.
  • Weaknesses: High initial investment costs and limited awareness and skilled operators in certain regions.
  • Opportunities: Growing demand in emerging markets, rising environmental concerns, and rental/leasing services.
  • Threats: Intense competition, regulatory compliance, and economic uncertainties.

Market Key Trends

  1. Integration of Automation: Powered screeds are increasingly incorporating automation features such as GPS technology and robotic systems for precise and efficient concrete leveling.
  2. IoT and Connectivity: IoT-enabled powered screeds allow real-time monitoring, remote diagnostics, and predictive maintenance, improving machine performance and uptime.
  3. Focus on Sustainability: Manufacturers are developing eco-friendly powered screeds with reduced emissions and improved fuel efficiency.

Covid-19 Impact

The Covid-19 pandemic had a mixed impact on the powered screed market. While construction activities slowed down initially due to lockdowns and supply chain disruptions, the industry quickly recovered as governments prioritized infrastructure development to boost economic recovery. The pandemic also accelerated the adoption of automation and technology in construction practices, driving the demand for advanced powered screeds.

Key Industry Developments

  1. Introduction of Next-Gen Powered Screeds: Manufacturers have launched new powered screeds equipped with advanced features, improving efficiency and ease of use.
  2. Strategic Acquisitions: Key players in the market have acquired smaller companies to expand their product portfolios and geographical presence.
  3. Sustainability Initiatives: Many manufacturers have started emphasizing sustainability by developing greener powered screeds.

Analyst Suggestions

  1. Enhance Training Programs: To address the shortage of skilled operators, manufacturers should invest in comprehensive training programs to ensure efficient and safe use of powered screeds.
  2. Focus on Emerging Markets: Capitalizing on the growing construction activities in emerging markets can lead to substantial market expansion.
  3. Customer Support and Service: Providing excellent customer support and after-sales service can build customer loyalty and encourage repeat business.

Future Outlook

The powered screed market is expected to witness continued growth in the coming years, driven by urbanization, infrastructure development, and the adoption of advanced construction technologies. The market will likely see further innovations in automation, IoT integration, and sustainable practices.

Conclusion

The powered screed market is experiencing robust growth due to its significant contributions to the construction industry. These machines play a crucial role in achieving efficient and precise concrete finishing, saving time, labor, and costs for construction projects. With technological advancements, a focus on sustainability, and expanding infrastructure projects worldwide, the powered screed market is set to thrive in the future. Manufacturers, industry participants, and stakeholders must stay updated with key trends, customer preferences, and market dynamics to capitalize on the vast opportunities and maintain a competitive edge in this rapidly evolving market.

Powered Screed Market Segmentation

Segmentation Details
Type Vibratory Powered Screed, Roller Powered Screed, Others
Application Concrete Flooring, Road Construction, Others
End-user Contractors, Construction Companies, Others
Region North America, Europe, Asia Pacific, MEA

Leading Companies in Powered Screed Market

  1. Wacker Neuson SE
  2. Multiquip Inc. (A subsidiary of Multiquip Corporation)
  3. Allen Engineering Corporation
  4. Somero Enterprises, Inc.
  5. Weber MT GmbH (A part of The Wirtgen Group)
  6. MBW Incorporated
  7. ENARCO S.A.
  8. Ligchine International Corporation
  9. Advanced Concrete Screeds, LLC
  10. Beton Trowel NV

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

Important Questions Covered in this Study

Why Choose MWR ?

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations.

Unlimited User Access

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions.

Free Company Inclusion

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges.

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met.

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis.

Client Associated with us

GET A FREE SAMPLE REPORT

This free sample study provides a complete overview of the report, including executive summary, market segments, competitive analysis, country level analysis and more.

Client Testimonials

GET A FREE SAMPLE REPORT

This free sample study provides a complete overview of the report, including executive summary, market segments, competitive analysis, country level analysis and more.

error: Content is protected !!
Scroll to Top

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF
This website is safe and your personal information will be secured. Privacy Policy
Request for Discount
This website is safe and your personal information will be secured. Privacy Policy
Speak to Analyst
This website is safe and your personal information will be secured. Privacy Policy

Download Free Sample PDF