Concrete Mixer Trucks Market

Concrete Mixer Trucks Market Outlook

The global concrete mixer trucks market size was valued at USD 25,459.2 Million in 2021 and is expected to reach USD 42,944.0 Million in 2030, expanding at a CAGR of 6.0% during the forecast period. The overall incremental opportunity is estimated to be USD XX Million from 2022 to 2030.

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 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. 

Concrete mixer trucks are popular in the construction industry because they can transport large quantities of concrete quickly and efficiently. They are especially useful for large construction projects, such as building roads, bridges, or commercial buildings. They are useful for smaller residential projects, such as pouring a driveway or patio.

In conclusion, 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 and are powered by a diesel engine. They are essential tools in the construction industry for their ability to transport large quantities of concrete quickly and efficiently.

A concrete mixer is a machine that is used to mix cement, aggregates (such as sand or gravel), and water to form concrete. These machines come in various sizes and designs, ranging from small portable mixers that can be used on construction sites to large industrial-sized mixers that are used in commercial construction projects.

Concrete Mixer Trucks Market Dynamics

Major Drivers 

Growing construction industry

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. Concrete mixer trucks are essential for transporting and mixing concrete on construction sites, making them a crucial part of the construction industry.

In addition, the demand for concrete mixer trucks is also increasing, and this trend is expected to continue in the coming years as the construction industry continues to grow. For instance, in 2020, The size of the construction market amounted to 6.4 trillion U.S. dollars, and it is expected to reach around 14.4 trillion in 2030. These factors will fuel the demand for concrete mixer trucks.

Technology Advancements

Technology advancements in the concrete mixer truck industry have led to significant improvements in efficiency, safety, and sustainability. For example, the introduction of electric and hybrid models has reduced emissions and improved fuel efficiency, making these trucks more environmentally friendly.

Additionally, advancements in materials science and engineering have led to the development of lighter and more durable truck components, which has improved the longevity and reliability of concrete mixer trucks.

Furthermore, advancements in automation technology have made it possible to remotely monitor and control these trucks, which has improved safety and reduced the risk of accidents on construction sites.

Overall, technology advancements in the concrete mixer truck industry have helped to make these trucks more efficient, sustainable, and safe, which has driven their continued adoption by construction companies around the world. These technological factors are driving the concrete mixer truck market growth.

Adoption of Ready-Mix Concrete

The adoption of ready-mix concrete refers to the increasing use of pre-mixed concrete that is delivered to construction sites. Ready-mix concrete is a more convenient and cost-effective option compared to traditional on-site mixing, as it eliminates the need for on-site mixing equipment and reduces labor costs.

Ready-mix concrete also offers better quality control, as it is produced in a controlled environment and tested before delivery to ensure consistency and strength. This has led to an increased demand for concrete mixer trucks, which are needed to transport ready-mix concrete to construction sites.

The adoption of ready-mix concrete is expected to continue to grow as construction companies seek to reduce costs and improve efficiency. For instance, on September 30, 2021, it is projected that the revenue of ready-mix concrete manufacturing in the U.S. will amount to around USD 38.0 billion Dollars by 2024.

Growing Smart Cities

The construction of smart cities, which involves the integration of advanced technologies into urban infrastructure, has led to an increase in demand for concrete mixer trucks in the construction industry.

Concrete mixer trucks are essential for the transportation of concrete to construction sites, and there is a growing need for the construction of durable and sustainable buildings and infrastructure with the development of smart cities.

This has led to the demand for specialized and customized concrete mixes, which require the use of advanced and efficient concrete mixer trucks that can handle the specific needs of each project. As a result, the construction of smart cities has become a driving factor for the concrete mixers truck market.

Furthermore, the use of advanced technologies such as sensors and IoT in smart cities requires the construction of specialized buildings and infrastructure that require customized concrete mixes. These all factors increase the demand for concrete mixer trucks.

Current Restraints

Maintenance and repair costs

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 maintenances also require for these trucks such as hydraulic system maintenance, electrical system maintenance, and engine maintenance.

Environmental Concerns

The environmental concerns that restrain the concrete mixer truck market relate to the emissions of harmful pollutants during their operation. Concrete mixer trucks typically use diesel engines, which produce significant amounts of carbon dioxide (CO2), nitrogen oxides (NOx), and particulate matter (PM) emissions that can have adverse effects on human health and the environment.

In response to these environmental concerns, governments, and regulatory bodies have introduced stricter emission standards for diesel engines. These standards aim to reduce the number of harmful pollutants emitted by diesel engines, including those used in concrete mixer trucks. However, these strict emission standards can increase the cost of manufacturing and operating concrete mixer trucks, which can limit their market growth and profitability.

Emerging Opportunities

Growing demand for infrastructure development

The construction industry is anticipated to grow significantly due to increasing urbanization, population growth, and the need for better infrastructure and services. This presents a growing demand for concrete mixer trucks, as they are essential for the transportation and delivery of concrete to construction sites.

Moreover, governments and private organizations are investing heavily in infrastructure development, leading to increased demand for construction equipment, including concrete mixer trucks.

For instance, according to a report by the Global Infrastructure Outlook, the global infrastructure investment required by 2040 is estimated to be $94 trillion. As a result, the concrete mixer truck market is expected to grow significantly due to the growing demand for infrastructure development.

In addition, governments around the world are launching initiatives to support infrastructure development, such as China's Belt and Road Initiative, which aims to improve infrastructure connectivity across Asia, Europe, and Africa. These initiatives are expected to create further opportunities for the concrete mixers truck market.

Customization of concrete mixes

Customization of concrete mixes is becoming increasingly important in the construction industry, as it allows for the development of more durable and sustainable building materials that can withstand harsh environmental conditions.

Additionally, customized concrete mixes can be designed to meet the specific needs of each project, taking into account factors such as climate, site conditions, and building specifications. Furthermore, the customization of concrete mixes requires collaboration between concrete mixers truck manufacturers, and construction companies.

Manufacturers must work closely with contractors and engineers to develop equipment that can handle the specific needs of each project. This collaboration can lead to the development of new and innovative equipment, such as specialized mixers and pumps, that can improve the efficiency and safety of concrete mixing and delivery.

This presents an opportunity for manufacturers to differentiate themselves in the market and to develop new and innovative equipment that can support the growth of the construction industry.

Scope of Concrete Mixer Trucks Market Report

The report on the global concrete mixer trucks market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Concrete Mixer Trucks Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2021
Historic Data	2015–2020
Forecast Period	2022–2030
Segmentation	Drum Capacity (Under 6m3, 6.1 to 10 m3, 10.1 to 15 m3, 15.1 to 20 m3, Above 20 m3), Propulsion (Gasoline [Diesel/Petrol], Others), Application (Residential, Commercial)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	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.

Concrete Mixer Trucks Market Segment Insights

The Global Concrete Mixer Trucks market is segmented on the basis of type, usage, end-user industry and region.

Drum Capacity Segment Analysis

Based on drum capacity, the concrete mixer trucks market divided into under 6m3, 6.1 to 10 m3, 10.1 to 15 m3, 15.1 to 20 m3, above 20 m3. The 6.1 to 10 m3 segment accounts for a large share of the market and is anticipated to expand at a CAGR of XX% during the forecast period. The under 6m3 concrete mixer trucks offer advantages such as flexibility, high efficiency, and good pouring quality. They play a crucial role in infrastructure construction.

These concrete mixer trucks are often more maneuverable, which is beneficial in urban areas with tight spaces and narrow roads. Additionally, these are less expensive in terms of upfront and operating costs, which makes them cost-effective option for small construction projects.

The 6.1 to 10 m3 capacity concrete mixer trucks are efficient in mixing concrete and meeting the concrete needs of commercial, residential, and infrastructure projects such as building houses and apartments, usually with ready-mix trucks.

Propulsion Segment Analysis

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 offers durability and longevity for concrete mixer trucks. The electric segment is estimated to expand at a CAGR of XX% during the forecast period.

The others segment is anticipated to hold at XX% share of the market during the forecast period owing to low fuel cost, reduced emission, and increasing energy security. Natural gas prices are lower than that of the other fuels, resulting in cost saving for concrete mixer trucks operators.

Hybrid technology reduces emission of greenhouse gases and other pollutants. Electric concrete mixer trucks produce zero emission during operation and requires less maintenance, which in turn are driving the segment.

Application Segment Analysis

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.

Regional Analysis

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.

Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Concrete Mixer Trucks Market
• Historical, Current, and Projected Market Size in terms of Value and Volume
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints, and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Concrete Mixer Trucks Market Performance

Segments

Drum Capacity

• Under 6m3
•  6.1 to 10 m3
• 10.1 to 15 m3
• 15.1 to 20 m3
• Above 20 m3

Propulsion

• Gasoline [Diesel/Petrol]
• Others

Application

• Residential
• Commercial

Key Market Players Profiled in the Report

• 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.

Competitive Landscape

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 as key manufacturers of Concrete Mixer Trucks based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system. The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunities for the Concrete Mixer Trucks market.