Global Cement Mixer Market Research, 2031
The global cement mixer market size was valued at $14.2 billion in 2021, and is projected to reach $24.3 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. Cement mixer is a construction machine that consists of a revolving drum used for mixing cement with water and sand to make concrete. Cement mixers are of two types: on-site or stationary cement mixers and portable cement mixers. Earlier, concrete mixtures were prepared manually, which consumed a lot of time as well as lacked precision. With rise in demand and advances in technology, now, even in small-scale applications, concrete is prepared using cement mixers. Concrete mixers are devices capable of preparing concrete mixtures of varying strengths precisely as well as quickly.
Increase in commercial and residential construction has led to surge in demand for cement mixers. Moreover, rise in population has increased the demand for roads, highways, bridges, and tunnels which are also one of the factors that drive the cement mixer market growth during the forecast period. In addition, various advantages of stationary and portable cement mixers are forcing market players to manufacture advanced cement mixers for construction applications. Moreover, increase in government investments in infrastructure projects is providing lucrative growth in the market.
Increase in population in developing economies such as China, India, and the U.S. has led to rapid urbanization, which is expected to boost development of the residential sector and increase demand for cement mixers. According to the United Nations (UN), around 68% of the global population is expected to live in urban areas by 2050. This is expected to result in increase in construction activities such as residential, infrastructure, and non-residential around the globe.
On the basis of type, the stationary segment has registered the highest revenue in 2021. Stationary cement mixers are compact units that fit in the space required to park a mid-sized car, and even the largest units are portable enough to be loaded on a flatbed truck and moved while making them a perfect solution for precast or field operations. They offer concrete production subject to given schedule. Furthermore, they eliminate overages and shortages with precise measurements. Stationary cement mixers reduces material wastage by consistently producing the exact mix design each and every time.
On the basis of capacity, the 5-10 cubic meters segment generated the highest revenue in 2021 and upto 5 cubic meters is expected to register the highest CAGR during the cement mixer market forecast period. This is attributed to rise in government investments in non-residential construction buildings. Similarly, population growth in emerging nations such as the U.S., China, and India is expected to increase infrastructure construction such as roads, highways, bridges, and tunnels, which in turn propels the demand for cement mixer. This is expected to boost growth of the cement mixer market during the forecast period.
The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the cement mixer market, owing to lockdowns. However, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 on the market. This has led to the reopening of cement mixer companies at their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, septic tank manufacturers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
Asia-Pacific dominated the market in 2021, accounting for the highest cement mixer market share, and is anticipated to maintain this trend throughout the forecast period. This is attributed due to increase in population, urbanization, and industrialization in countries such as India, China, and Japan. Moreover, increase in government investment in infrastructure development is accelerating the cement mixer market growth in the region. For instance, National Highways Authority of India has announced plans to construct 25,000 kilometers of national highways in 2022-23 at a pace of 50 km per day. Thus, all such factors are expected to drive the cement mixer market growth in Asia-Pacific.
The global cement mixer market is segmented into Type, Capacity and Application. By type, the market is categorized into stationary and portable. Depending on capacity, it is fragmented into up to 5 cubic meters, 5-10 cubic meters, and more than 10 cubic meters. On the basis of application, it is categorized into residential and non-residential. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key companies profiled in the cement mixer industry report include Akona Engineering Private Limited, Bay Lynx Manufacturing Inc., BHS SONTHOFEN, Caterpillar Inc, ELKON, Liebherr, Lino Sella World, OMEGA Concrete Mixers, Putzmeister, SANY Group, Schwing GmbH / Stetter GmbH, Shantui Construction Machinery Co., Ltd., Sinotruk (Hong Kong) Limited, Terex Corporation, XCMG Group, Zhengzhou SanqGroup Machinery Co., Ltd., and Zoomlion Heavy Industry Science and Technology Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global cement mixer market analysis from 2021 to 2031 to identify the prevailing global cement mixer market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global cement mixer market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global global cement mixer market trends, key players, market segments, application areas, and market growth strategies.
Global Cement Mixer Market Report Highlights
Market Size By 2031
USD 24.3 billion
CAGR of 5.5%
2021 - 2031
Key Market Players
Akona Engineering Pvt. Ltd, BHS-Sonthofen GmbH, Terex Corporation, XCMG Co. Ltd, Zoomlion Heavy Industry Science and Technology Co., Ltd., Sany Group, Anhui Hualing Automobile Group Co. Ltd, KYB Corporation, Caterpillar, Navister Inc., Lino Sella World, Tata Motors, Oshkosh Corporation, Sinotruk, Liebherr-International AG, AB Volvo, Schwing Stetter Group
The cement mixer market is mainly driven by increase in infrastructural development such as roads, highways, and bridges by governments, majorly in developing countries such as India, the U.S., China, and Germany. In addition, easy transportation of concrete to remote and rough terrains is another factor that drives growth of the cement mixer market. Moreover, non-residential segment has registered the highest revenue in 2021, due to increase in construction of airport, tunnels, roads, and highways bridges. However, high initial investment costs and frequent cleaning and maintenance act as restraints for the cement mixer market, which, in turn, increases their operating costs. Thus, acting as restraints for the market growth.
Major companies in the market have adopted strategies such as business expansion, product launch, acquisition, and partnership to offer better products and services to customers in the cement mixer market. For instance, in January 2019, Schwing Stetter India launched Schwing Trailer Concrete Mixer SP 1420 D RMC along with 11 concrete equipment. Such factors are driving the cement mixer market growth.