The global concrete pumps market size is anticipated to expand at a CAGR of 12.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing construction activities across the globe.
Concrete pump is a machine that utilizes pumping action to transport concrete slurry from one point to another. Pumps provide constant supply of concrete with help of hose or pipe. The placement of concrete in inaccessible areas has mandated the use of pumps in the construction industry. The type of pump to be utilized on construction site depends on two major factors. The first one is distance over which the concrete is to be pumped and the second one is the properties of the concrete slurry.
The trend of high-rise buildings, complex designs, massive construction, and complicated structural plan has been possible due to the improvement in the design of concrete pumps. Increasing demand for high-capacity concrete pumps is anticipated to boost the growth of the market.
The report on the global concrete pumps 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 Pumps Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Truck Mounted Concrete Pumps, Stationary Concrete Pumps, and Specialized Concrete Pumps) and Applications (Industrial, Commercial, and Domestic) |
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 |
Ajax Fiori Engineering, Alliance Concrete Pumps, Concord Concrete Pumps, DY Concrete Pumps, Junjin, Liebherr, PCP Group |
Truck mounted concrete pumps segment to hold significant market share
On the basis of types, the market segmented into truck mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps. The truck mounted concrete pumps segment is anticipated to account for a significant market share during forecast period. Increasing number for skyscrapers and commercial buildings in emerging countries is anticipated to drive the truck-mounted concrete pumps segment globally.
Domestic segment to hold a considerable market share
On the basis of applications, the global concrete pumps market segmented into industrial, commercial, and domestic. The domestic segment is anticipated to exhibit a high CAGR during the forecast period. The COVID-19 pandemic has acted as one of the major drivers of this segment. Increasing construction activities of residential buildings is anticipated to spur the segment growth. Rapid urbanization and changing lifestyles of people across the world are acting as prominent drivers for the domestic segment growth.
Asia Pacific to dominate the market
On the basis of regions, the market segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. Increasing funding grants by state government bodies and rising focus to develop residential and commercial infrastructure are driving the regional market growth. Increasing number of manufacturing plants, rapid urbanization, and rising population are some of the other factors are anticipated to propel the growth of the market in the region
Segments covered in the report
The global concrete pumps market has been segmented on the basis of
Types
Applications
Regions
Key players operating in the concrete pumps market are Ajax Fiori Engineering, Alliance Concrete Pumps, Concord Concrete Pumps, DY Concrete Pumps, Junjin, Liebherr, and PCP Group.
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Companies are focusing on partnering with construction developers and investing in developing advanced concrete pumps to expand their market share.
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