Concrete Pumps Market by Type (Truck-mounted Concrete Pumps, Stationary Concrete Pumps, and Specialized Concrete Pumps) and Industrial Verticals (Industrial, Commercial, and Domestic): Global Opportunity Analysis and Industry Forecast, 2020–2027
The concrete pumps market was valued at $3,800.0 million in 2019, and is projected to reach $4,853.2 million by 2027, registering a CAGR of 4.0% from 2020 to 2027. A concrete pump is an equipment utilized for transferring the liquid concrete by pumping operation through pipelines over considerable distances. Its types include truck-mounted, trailer-mounted, stationary, and specialized concrete pumps. The truck-mounted concrete pumps are mostly used for the large construction projects, as they are specially designed for pumping concrete at high volumes.
Factors such as surge in demand for truck-mounted concrete pumps, increase in demand for concrete sustainable infrastructure, rise in urbanization coupled with increase in industrialization in developing countries, and surge in construction activities are the key factors, which drive the growth of the global concrete pumps market. However, the COVID-19 pandemic has enforced many companies in the global concrete pumps market to halt their business operations to comply with new government regulations for curbing the spread of COVID-19. This halt in operations directly impacts the revenue flow of the concrete pumps market supply chain. In addition, implementation of lockdown and the need to maintain social distancing during this pandemic has resulted in dearth of manpower, which, in turn, has negatively impacted the market revenue. Furthermore, volatile economic conditions in Latin America hinder the market growth.
On the contrary, technical advancements and development of low-emission, fuel-efficient concrete pumps are anticipated to offer lucrative growth opportunities for the market players during the forecast period.
The global concrete pumps market is segmented into type, industrial verticals, and region. By type, the market is categorized into truck-mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps. Depending on industrial vertical, it is fragmented into industrial, commercial, and domestic. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2019, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to increase in funding by the government agencies and rise in focus to develop infrastructure in this region.
COMPETITION ANALYSIS Key companies profiled in the report include Ajax Fiori Engineering, Alliance Concrete Pumps, Concord Concrete Pumps, DY Concrete Pumps, Junjin, Liebherr, PCP Group, Sany, Schwing Stetter, and Sebhsa.
KEY BENEFITS FOR STAKEHOLDERS - The report provides an extensive analysis of the current and emerging concrete pumps market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
- Extensive analysis of the concrete pumps market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global concrete pumps market forecast analysis from 2020 to 2027 is included in the report.
- The key market players within concrete pumps market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the concrete pumps market industry.
GLOBAL CONCRETE PUMPS MARKET SEGMENTS
BY TYPE • Truck-mounted Concrete Pumps
• Stationary Concrete Pumps
• Specialized Concrete Pumps
BY INDUSTRIAL VERTICAL • Industrial
BY REGION • North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
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