Concrete Pumps Market – Global Industry Analysis and Forecast (2023-2029) by Type, Application and Region

Concrete Pumps Market was valued at US$ 3.95 Bn. in 2022. The Global Concrete Pumps Market size is estimated to grow at a CAGR of 4.0 % over the forecast period.
Concrete Pumps Market Overview:
The report explores the Concrete Pumps market's segments (Type, Industry Vehicle, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2022. The report investigates the Concrete Pumps market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Concrete Pumps market's contemporary competitive scenario.

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2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Concrete Pumps Market Dynamics
Concrete Pumps are the machines that are used for pumping the liquid concrete from the source of concrete to the casting place. It is one of the most used methods for placing concrete. Rapid Urbanization is the key factor in increasing the demand for high-capacity concrete pumps. Growing demand for high capacity concrete pumps is in trend, which is anticipated majorly for contributing to the growth of the Concrete Pumps Market during the forecasted period.
Concrete Pumps breakdown leading to construction halts:

The failure of these pumps can create a halt to the entire construction and also cause wastage of ready-mix concrete. This can sometimes damage the developed construction. These can be minimized by timely maintaining and repairing of pumps. Many real estate developers usually depend on the conventional transportation of concrete mix which can limit the application and sales across the globe.
Concrete Pumps Market Trends:
There is an increasing trend of mega structure constructions, complex designs, high-rise buildings, and complicated structural plans. These constructions require an increased output, high capacity, and improved productive concrete pumps. It enumerates the opportunities for growth for the global concrete pumps market.
Concrete Pumps Market Segment Analysis:
Based on Type, the Concrete Pumps Market is segmented into the Truck -Mounted Concrete Pumps, Stationary Concrete Pumps, and Specialized Concrete Pumps. The truck-mounted concrete pumps are expected to hold a largest share accounting for 58% in 2021. Truck Mounted Concrete Pumps are majorly used in large-scale constructions. These pumps have some special characteristics which include mobility, quickly transporting a large amount of concrete, and an arm that can be remote-controlled. They are also used in electrical repairing activities, for reaching inaccessible heights. These factors drive the growth of the Concrete Pumps Market during the forecast period.

Based on Application, the Concrete Pumps Market is segmented into Commercial, Industrial, and Domestic. On basis of application, the commercial segment is expected to hold a maximum share of the global concrete pumps. There is the entry of commercial developers for renting the pumps creating a pump rent market growth for the commercial segment of the concrete pumps market.
Concrete Pumps Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 57% in 2021. The region’s growth is attributed to the rapid increase in the population creating a surge in the demand for construction activities. In addition, an increase in government expenditure and a greater focus on developing infrastructure in this region. The growing economies like as India, China, and Indonesia have considerable foreign direct investments, which increases the demand for concrete pumps in infrastructure and building projects across a wide range of industries. For example, to combat the economic slowdown, China invested $163 billion in infrastructure in January 2019. Two major airports and railway stations are among the new development projects. I Squared Capital, a private equity fund, raised $7 billion in September 2018 for new infrastructure projects in India.

The objective of the report is to present a comprehensive analysis of the global Concrete Pump Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Concrete Pumps Market dynamic, and structure by analyzing the market segments and projecting the Concrete Pumps Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Barium Fluoride Market make the report investor’s guide.
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Concrete Pumps Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 3.95 Bn.


Forecast Period 2023 to 2029 CAGR:
4%
Market Size in 2029:
US $ 5.20 Bn.


 Segments Covered:
by Application
• Commercial
• Industrial
• Domestic


by Type
• Truck- Mounted Concrete Pumps
• Stationary Concrete Pumps
• Specialized Concrete Pumps



Concrete Pumps Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Concrete Pumps Market Key Players:
• Ajax Fiori Engineering
• Alliance Concrete Pumps
• Concord Concrete Pumps
• DY Concrete Pumps
• Junjin
• Liebherr
• PCP Group
• Sany
• Schwing Stetter
• Sebhsa
• Apollo Infratech
• Putzmeister

Frequently Asked Questions

1) At what CAGR is the market expected to grow during the forecast period 2023 - 2029?
Ans: The concrete Pumps Market is expected to grow with a CAGR of 4% during the forecast period of 2023 -2029.

2) Which region constitutes the highest share in the market?
Ans: Asia Pacific region constitutes the highest share in the market. This is due to the rapid increase in the population creating a surge in the demand for construction activities.

3) What is the key factor which is driving the market?
Ans: Rapid Urbanization is the key factor in increasing the demand for high-capacity concrete pumps. Increasing demand for high-capacity concrete pumps. This is the key factor driving the market.

4) Who are the major players in the market?
Ans: Some of the major players in the Concrete Pump market are Ajax Fiori Engineering, Alliance Concrete Pumps, Concord Concrete Pumps, DY Concrete Pumps, Junjin, and others.

5) How much is the worth of the Concrete Pump Market?
Ans: The Concrete Pumps Market worth $3.95 Billion in 2022.