According to a recent market study published by Growth Market Reports, titled, “Global Concrete Mixer Trucks Market By Drum Capacity, By Propulsion, By Application, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 25,459.2 Million in 2021 and is anticipated to grow at a growth rate 6.0 % by the year 2030.

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A concrete mixer truck is a specialized vehicle used for transporting and mixing concrete at construction sites. These trucks have a rotating drum or container mounted on the back that holds the concrete ingredients, including cement, sand, gravel, and water. The drum rotates on a horizontal axis, allowing the ingredients to be mixed while in transit to the construction site.

Concrete mixer trucks come in various sizes, typically ranging from 4 to 12 cubic meters in capacity. The drum is usually made of steel and has fins or blades mounted on the inside to help mix the ingredients. Some mixer trucks have more than one drum to allow for the transportation of multiple types of concrete. The mixer truck is powered by a diesel engine that provides the necessary power to rotate the drum and transport the concrete.

The engine is usually located under the cab of the truck, which is separate from the mixing drum. This separation helps to prevent vibrations from the engine from affecting the quality of the concrete mix. The concrete mixer truck works by loading the ingredients into the rotating drum, usually at a batching plant or factory. The truck then drives to the construction site, where the drum is rotated to mix the ingredients. The truck can then pour the concrete directly into a form or structure, eliminating the need for manual mixing onsite.

The construction industry is one of the major drivers of the global economy, and its growth is closely linked to the demand for concrete mixer trucks. The world's population is expected to reach around 9.5 billion by 2050, which is driving the demand for housing, infrastructure, and other construction projects. Moreover, the construction industry is growing due to several factors, including population growth, economic expansion, and urbanization. This growth is driving the demand for new commercial and residential buildings, roads, bridges, and other infrastructure projects.

Maintenance and repair costs are one of the key restraints in the concrete mixer truck market. These trucks require regular repairs and maintenance activities to ensure that it operates efficiently and safely. The cost of maintenance and repairs is high, particularly for older trucks, and impacts the profitability of construction companies that rely on these vehicles.

The constant mixing and transportation of heavy concrete loads can cause components such as the drum, hydraulic system, and engine to wear out over time, requiring repairs or replacement. Constant exposure to concrete and other corrosive materials can cause corrosion and rusting of the truck body and components. This can lead to leaks and other issues that also require repairs or replacement. There are some maintenance also require for these trucks such as hydraulic system maintenance, electrical system maintenance, and engine maintenance.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets, thereby creating manufacturing issues. The COVID-19 outbreak affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially in, the US, and across Eastern Europe, European Union, and Eastern & Central Asia.

Key Takeaways from the Study

  • Key players operating in the market AB Volvo, Indiana Phoenix, Inc., Kimble Custom Chassis Company, KYB Corporation, Liebherr, Navistar, Inc, Oshkosh Corporation, SANY Group, SCHWING GmbH / Stetter GmbH, SINOTRUK (HONG KONG) LIMITED, Tata Motor, Terex Corporation, XCMG Group, Zoomlion Heavy Industry Science & Technology Co., Ltd. These companies are considered key manufacturers of concrete mixers based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.
  • Based on propulsion, the concrete mixer trucks market is segmented into gasoline (diesel/petrol), and others. The gasoline segment is anticipated to expand at a high CAGR during the forecast period. The gasoline segment is projected to hold a significant share of the market during the forecast period. Diesel engines help to reduce operating costs and offer durability and longevity for concrete mixer trucks. The electric segment is estimated to expand at a CAGR of XX% during the forecast period. The other segment is anticipated to hold at XX% share of the market during the forecast period owing to low fuel cost, reduced emissions, and increasing energy security. Natural gas prices are lower than that of the other fuels, resulting in cost saving for concrete mixer truck operators. Hybrid technology reduces the emission of greenhouse gases and other pollutants. Electric concrete mixer trucks produce zero emissions during operation and require less maintenance, which in turn are driving the segment.
  • Based on application, the concrete mixer trucks market is bifurcated into residential and commercial. The residential segment accounts for a large share of the market during the forecast period. The residential segment is expected to expand at a remarkable CAGR during the forecast period. Cities are expanding at a high rate, creating the potential for developing economies where citizens require adequate and affordable housing, which in turn, drives segment growth. The significant growth in commercial building construction such as office spaces, institutional spaces, and infrastructure projects is expected to drive the commercial segment growth during the forecast period. The concrete mixer trucks allow for precise control over the mixing process and maintain the quality & consistency of the concrete. Thus, it helps in the structural integrity of the building’s construction.
  • Based on region, the global concrete mixer trucks market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in North America is anticipated to hold market share of XX% during the forecast period, owing to the increasing demand for concrete mixer trucks from the construction sector, thereby increasing infrastructure development activities, and driving the market in the region. The market in Europe is expected to register a XX% of CAGR during the forecast period. The demand for concrete mixer trucks from the commercial and residential sectors is growing, due to the growth in the construction and real estate industries. The increase in construction activities across various countries such as Germany, France, and Italy are driving the growth in the region.

Report Scope

Report Metric

Details

Market Value in 2021

US$ 25,459.2 Million

Market Growth Rate (from 2015 to 2030)

6.0%

Historical Data

2015 to 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Drum Capacity, By Propulsion, By Application

Key Companies Profiled

AB Volvo, Indiana Phoenix, Inc., Kimble Custom Chassis Company, KYB Corporation, Liebherr, Navistar, Inc, Oshkosh Corporation, SANY Group, SCHWING GmbH / Stetter GmbH, SINOTRUK (HONG KONG) LIMITED, Tata Motor, Terex Corporation, XCMG Group, Zoomlion Heavy Industry Science & Technology Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturer and Supplier
  • Demand Side: Residential, and Commercial