DUBLIN--(BUSINESS WIRE)--The "Global Concrete Pumps Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
According to the report by the publisher, the global concrete pumps market attained a value of USD 3,872.9 million in 2022.
Aided by increasing construction activities, the market is projected to further grow at a CAGR of 5.4% between 2023 and 2028 to reach a value of USD 5,071.7 million by 2028.
A concrete pump is a type of tool that helps in transferring liquified concrete from storage tanks to the construction or work site using hydraulics and a valve system. They are designed in a way such that they are capable of pumping concrete to any heights. Therefore, construction pumps are considered an important part of any construction project such as basements, slabs, high rise structures, chimneys, tunnels, overpasses, and highways, among others.
Demand for the concrete pumps is rising rapidly owing to their usefulness as they help save time spent in moving concrete loads from one construction site to another. Boom concrete pumps are used widely for large scale projects such as building of large facilities due to its high-volume capacity and better speed. The ability to support faster and accurate concrete placement without a large labour force has helped the global concrete pumps market grow rapidly all across the globe.
Growing urbanisation along with rising population are major factors that are contributing to the growth of the concrete pumps market. Concrete pumps are used for the construction of more and more buildings that are receiving high demand due to rising population and rapidly growing urbanisation. Moreover, governments worldwide are helping in the development of their country by investing in the development of infrastructure such as in the construction of railways, bridges, and highways, among others.
Technological advancements made in concrete pumps are increasing their adoption by all across the globe, supporting the growth of the concrete pumps market. Development of portable and lightweight concrete pumps has made transportation of them easier, thereby increasing their demand. Additionally, strength improvement and development of better mixers is helping concrete pumps work in a more synchronous manner. Incorporation of sensors and automation technologies is enabling concrete pumps to become more intelligent and easier to use while use of eco-friendly materials has further increased the popularity of concrete pumps globally.
Market Segmentation
The market can be divided on the basis of type, industrial vertical, and region.
Market Breakup by Type
- Truck Mounted Concrete Pumps
- Stationary Concrete Pumps
- Specialised Concrete Pumps
Market Segmentation by Industrial Vertical
- Industrial
- Commercial
- Domestic
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
- Sany Group
- Liebherr Group
- Ajax Engineering Pvt. Ltd
- Concord Concrete Pumps Inc
- SCHWING GmbH/Stetter GmbH
- Zoomlion Heavy Industry Science And Technology Co. Ltd
- DY Concrete Pumps Inc
- Others
Key Topics Covered:
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
4 Key Assumptions
5 Executive Summary
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Concrete Pumps Market Analysis
9 North America Concrete Pumps Market Analysis
10 Europe Concrete Pumps Market Analysis
11 Asia Pacific Concrete Pumps Market Analysis
12 Latin America Concrete Pumps Market Analysis
13 Middle East and Africa Concrete Pumps Market Analysis
14 Market Dynamics
15 Value Chain Analysis
16 Competitive Landscape
17 Key Trends and Developments in the Market
Companies Mentioned
- Sany Group
- Liebherr Group
- Ajax Engineering Pvt. Ltd
- Concord Concrete Pumps Inc
- SCHWING GmbH/Stetter GmbH
- Zoomlion Heavy Industry Science And Technology Co. Ltd.
- DY Concrete Pumps Inc.
For more information about this report visit https://www.researchandmarkets.com/r/dh7yg5
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