| A02903 | Pages: 220 | Jul 2020 | 12685 Views | ||
| Author(s) : Amar Chinchane , Onkar Sumant | Tables: 86 | Charts: 41 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Concrete Pumps Market
Request Now !The concrete pumps market size 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 a machine used to transfer liquid concrete by means of pumping. The pump operates by one piston drawing liquid concrete into a cylinder from a hopper, while the other simultaneously pushes its concrete out into the discharge pipes.
Concrete pump is important in revolutionizing the construction of high-rise buildings and structures. The placement of concrete in inaccessible areas has necessitated the use of pumps in the current construction process. Especially with the growth of ready-mixed concrete across the world, the need for pumping has increased manifold. While the ease of pumping depends on the type of pump available, the distance over which the concrete is to be pumped and the properties of the concrete, along with a number of finer aspects, can affect the operation.
Get more information on this report : Request Sample Pages
Increase in infrastructural investments is one of the key drivers of the global concrete pumps market. Rapid urbanization and improvement in lifestyle of consumers across the globe are other crucial factors that boost the demand for concrete pumps, particularly in emerging regions of the world. In addition, surge in demand for high-capacity concrete pumps is one of the major trends, which is anticipated to contribute toward the growth of the global market during the forecast period. However, to minimize the impact of COVID-19, countries around the globe have imposed lockdown, which restricted the movement of people and declined construction activities. Such factors have negatively affected the concrete pumps market growth. Moreover, many firms and suppliers in concrete pumps industry depend on other countries for their materials. The restrictions on movement by the government has halted the logistics operations across the globe, thus experiencing difficulties with their material supply chain.
In addition, volatile economic conditions in Latin America hinder the market growth. On the contrary, many companies are focusing on development of truck-mounted pumps with advanced features such as integration of all hydraulic switching and measuring equipment. For instance, in January 2019, Liebherr-International AG launched 42 M5 XXT truck-mounted concrete pump at the 2020 World of Concrete show in Las Vegas, Nevada. It is equipped with XXT outrigger support system, which offers versatility in setting up the pump.
Get more information on this report : Request Sample Pages
Furthermore, increase in trend of high-rise buildings, complex designs, megastructure construction, and complicated structural plan and rise in strain for the delivery of projects result in the demand for high capacity, increased output, and improved productive concrete pumps, which, in turn, is anticipated to offer remunerative opportunities for the expansion of the global market. In addition, extensive R&D activities conducted by equipment manufacturers would enable them to develop low-cost machines with improved fuel efficiency and lower carbon emissions. For example, Germany-based concrete pump manufacturer, Schwing GmbH offers concrete pumps with an open loop hydraulic circuit, which results in high fuel efficiency, owing to less heat generation and efficient energy transfer. It saves at least 12% more fuel than the similar pump of competition.
Get more information on this report : Request Sample Pages
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. On the basis of industrial vertical, it is segregated into industrial, commercial, and domestic. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Get more information on this report : Request Sample Pages
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. Moreover, the developing economies in such as India, China, and Indonesia have significant investments from different countries, which boosts the demand for concrete pumps in infrastructural and construction projects across various sectors. For instance, in January 2019, China invested $163 billion in the infrastructure sector to repel the economic slowdown. New construction projects include two major airports and railway stations. Similarly, in September 2018, I Squared Capital, a private equity firm, raised $7 billion for new infrastructure projects in India.
The key market players profiled in the concrete pumps market report include Ajax Fiori Engineering, Alliance Concrete Pumps, Concord Concrete Pumps, DY Concrete Pumps, Junjin, Liebherr, PCP Group, Sany, Schwing Stetter, and Sebhsa.
The major players operating in the global concrete pumps market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition. For instance, in January 2020, Liebherr-International AG launched 42 M5 XXT truck-mounted concrete pump at the 2020 World of Concrete show in Las Vegas, Nevada. It includes XXT outrigger support system, which offers versatility in setting up the pump. Similarly, in January 2018, Liebherr-International AG launched 50 M5 XXT truck-mounted concrete pump. The 50 M5 XXT development focused on integrating new technologies and capabilities, lowering the overall weight and optimizing product dimensions.
Key Benefits For Stakeholders
Global Concrete Pumps Market Segments
By Type
By Industrial Vertical
By Region
Key Players
Loading Table Of Content...
The global concrete pumps market is expected to grow at a significant rate in the near future, owing to surge in adoption of concrete pumps in tunneling, mining, and commercial construction projects. Moreover, increase has been witnessed in the adoption of stationary concrete pumps in the residential construction sector, due to notable growth in the real estate sector, improved economic conditions of developing countries, and rise in number of residential & commercial infrastructure projects in emerging economies.
Various types of concrete pumps are available in the market; however, choosing the appropriate equipment based on the application is imperative. Various parameters such as complexity of the project, material, cost, quality, time, and safety are considered while selecting an equipment.
Fuel efficiency plays a crucial role in facilitating optimal performance of a truck-mounted concrete pumps at minimum operational cost. The operating cost of heavy construction projects can be reduced by using new, fuel-efficient, truck-mounted concrete pumps.
Furthermore, increase in the application scope of these concrete pumps in construction, infrastructure, mining, and other applications is expected to provide the necessary impetus to the industry in the near future.
A. The concrete pumps market size was valued at $3,800.0 million in 2019.
A. The concrete pumps market is projected to reach $4,853.2 million by 2027.
A. To get latest version of concrete pumps market report can be obtained on demand from the website.
A. Based on type, the truck mounted concrete pumps segment holds the maximum market share of the concrete pumps market in 2019.
A. The urbanization & growing investment in the infrastructure sector, and advance technology in truck mounted concrete pumps are the key trends in the concrete pumps market.
A. The top ten market players are selected based on two key attributes - competitive strength and market positioning
A. The product launch is key growth strategy of concrete pumps industry players.
A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
A. The weak economic conditions in Latin America, and focus on expansion of residential construction sector are the effecting factors for concrete pumps market.
A. The applications of concrete pumps include transferring and conveying liquid mixed concrete at the construction site.
Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.
10%
Discount
10%
Discount
15%
Discount
15%
Discount
Enterprise
License/PDF
20%
Discount
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
