QYResearch: Global Ride-on Trowel production will increase to 28715 units in 2017

QYResearch

First, the Ride-on Trowel industry concentration is high. United States is the biggest producer and consumer of Ride-on Trowel. There are no more than fifty manufacturers in the world, and high-end products mainly come from United States and Europe. 

In the world wide, giant manufactures mainly distribute in Europe and United States. United States and Europe has a long history and unshakable status in this industry, like Multiquip, Wacker Neuson, Allen Engineering and Atlas Copco. They have perfect products.

Second, According to QYResearch, the global Ride-on Trowel production will increase to 28715 units in 2017, from 27381 units in 2016, it is estimated that the global Ride-on Trowel demand will develop with an average growth rate of about 4.85% from 2011 to 2021.

Third, the import and export percent of this industry is high. Also, some foreign companies are willing to set plants in China due to its low labor price and more opportunities.

Fourth, this industry is affected by the economy and policy, so it’s important to put an eye to economic indexes. Many countries adopted a policy of government subsidies in agriculture and the land intensification is more and more important, so the need of Ride-on Trowel will increase.

Fifth, QYResearch tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin. What’s more, the share of Chinese country will increase.

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