Screed Plates Market Growth, Market Segmentation and Regional Analysis - Global Forecast 2031

The "Screed Plates Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.

Screed Plates Market Overview and Report Coverage

Screed plates are essential components used in construction and manufacturing to create a uniform surface for concrete or other materials. They are commonly employed in road construction, flooring, and various industrial applications, ensuring even distribution and finishing of concrete mixes.

The Screed Plates Market is poised for significant growth, with a projected CAGR of % during the forecast period from 2024 to 2031. This growth is driven by increasing infrastructure development, particularly in emerging economies, and the rising demand for high-quality flooring solutions in residential and commercial sectors. The burgeoning construction industry, alongside advancements in manufacturing processes, is expected to propel market expansion.

Current trends indicate a shift towards the use of lightweight and durable materials for screed plates, enhancing efficiency and reducing labor costs. Additionally, the incorporation of sustainable practices and eco-friendly materials is becoming imperative, as companies aim to reduce their carbon footprint.

As urbanization accelerates and governments prioritize infrastructure projects, the Screed Plates Market is projected to experience robust growth, positioning itself as a vital player in the broader construction and materials market landscape.

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Market Segmentation

The Screed Plates Market Analysis by Types is segmented into:

• Hydraulic Screed Plates
• Mechanical Screed Plates

The screed plates market is divided into two primary types: hydraulic screed plates and mechanical screed plates. Hydraulic screed plates utilize hydraulic power for precise leveling and smoothing of concrete surfaces, making them ideal for large projects requiring efficiency and accuracy. In contrast, mechanical screed plates rely on manual or mechanical operation, often using a vibrating mechanism to achieve a uniform finish. Both types cater to different project needs, with hydraulic plates favored for speed and mechanical plates valued for simplicity and cost-effectiveness.

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The Screed Plates Market Industry Research by Application is segmented into:

• Road Construction
• Public Engineering
• Other

Screed plates are essential components in various construction applications, particularly in road construction where they ensure a smooth and even surface for asphalt and concrete pavements. In public engineering, they support infrastructure projects like bridges and tunnels, facilitating efficient material placement. Additionally, in other markets, such as urban development and landscaping, screed plates help achieve desired finishes for flooring and outdoor spaces. Their versatility across these sectors underscores their importance in achieving high-quality construction outcomes.

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In terms of Region, the Screed Plates Market available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Screed Plates market is experiencing robust growth across North America and other regions, driven by increasing infrastructure projects and advancements in construction technology. In the . and Canada, government initiatives for road and highway upgrades present significant opportunities for key players like VOLVO, VOGELE, and Roadtec. Meanwhile, Europe, particularly Germany and France, showcases strong demand for high-quality screed plates amid stringent construction standards.

In the Asia-Pacific region, nations like China and India prioritize infrastructure development, offering growth prospects for companies such as SANY and XCMG. Latin America, specifically Brazil and Mexico, is witnessing a rise in construction activities, enhanced by foreign investments, while the Middle East, particularly the UAE and Saudi Arabia, has mega projects fueling market demand.

Key players such as Everpads, Kaito (Suzhou), and Dynapac are capitalizing on these dynamics through innovation and strategic partnerships, reinforcing their positions in the competitive landscape.

Screed Plates Market Emerging Trends

The global screed plates market is witnessing significant trends driven by advancements in construction technology and sustainable practices. Key current trends include the rising demand for lightweight, high-strength materials that enhance efficiency and reduce labor costs. Additionally, the integration of automation in construction processes is increasing the adoption of screed plates. Environmental sustainability is prompting an upsurge in the use of eco-friendly materials. Emerging trends indicate a growth in smart screed technology, offering real-time monitoring and improved performance. Moreover, the increased focus on modular construction is also influencing the design and functionality of screed plates, enhancing adaptability in various applications.

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Major Market Players

• Everpads
• VOLVO
• VOGELE
• Kaito (Suzhou) Construction Machinery
• Kenco Engineering
• Suzhou Lihui Engeering Machinery
• ABG
• Roadtec
• Huadong
• SANY
• XCMG
• Dynapac

The Screed Plates Market includes several prominent players, each contributing to technological advancements and market growth.

**Vögele**, a subsidiary of the Wirtgen Group, specializes in high-performance road pavers and is known for its innovative screed technology, enhancing paving quality and efficiency. The company is experiencing growth, driven by increased infrastructure development globally.

**Volvo**, primarily recognized for its construction machinery, has expanded into paving technologies, focusing on sustainability and fuel efficiency. The company's commitment to reducing emissions aligns with current industry trends, reinforcing its competitive position.

**Dynapac**, a part of the Atlas Copco Group, offers an extensive range of construction equipment, including high-quality screed plates. Emphasizing innovation, Dynapac is investing in smart technology to improve functionality and user experience, responding to the current demand for digital construction solutions.

**Roadtec** is notable for its groundbreaking screed equipment, particularly in the . market. The company is experiencing growth due to the increasing need for infrastructure maintenance and modernization, positioning it favorably within the competition.

**Kaito (Suzhou) Construction Machinery** and **Suzhou Lihui Engineering Machinery** are prominent players from China, contributing to the cost-effective segment of the market. They are gaining traction as manufacturers look for affordable yet reliable options.

The global Screed Plates Market size is projected to continue expanding due to rising urbanization, with revenue expected to reach several hundred million dollars by 2025. The competitive landscape is characterized by technological innovation, with a focus on sustainability and efficiency driving growth among key players like Vögele and Volvo.

Sales revenue figures vary; for instance, Volvo Construction Equipment reported approximately $10 billion in sales for 2022, while Vögele, as part of Wirtgen Group, significantly contributes to its parent company’s strong market position. These trends indicate a dynamic and evolving market landscape, emphasizing both technological advancement and sustainability.

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