Truck Mounted Concrete Pump Market: Global Industry Analysis and Forecast (2022-2029)

Truck Mounted Concrete Pump Market size was valued at US$ 4.10 Bn. in 2021 and the total revenue is expected to grow at 4% through 2022 to 2029, Truck Mounted Concrete Pump Market is reaching nearly US$ 5.62 Bn. by 2029.
Truck Mounted Concrete Pump Market Overview:
The use of a truck-mounted concrete pump is critical in the construction of high-rise buildings and structures. The use of pumps in the current construction process is necessary for the installation of concrete in inaccessible regions. Pumping has become increasingly important, especially as the use of ready-mixed concrete has grown around the world. While the ease of pumping is dependent on the type of pump available, the distance over which the concrete must be pushed, as well as the qualities of the concrete, among other factors, can influence the operation.To know about the Research Methodology :- Request Free Sample Report
Truck Mounted Concrete Pump Market Dynamics:
One of the main drivers of the global concrete pumps market is an increase in infrastructure spending. Other important factors that raise demand for concrete pumps, particularly in rising regions of the world, are rapid urbanization and improvements in consumer lifestyles around the world. One of the significant trends expected to contribute to the global market's growth during the forecast period is an increase in demand for high-capacity concrete pumps.

The increased use of precast concrete structures in a variety of construction projects, combined with the high impact of certain political and economic factors affecting the construction sector in a number of countries, has posed a threat to the global truck mounted concrete pumps market's growth prospects. These factors have had a negative influence on the market, lowering demand and limiting R&D activity as corporations shift their focus to more profitable ventures.

Despite this, the continuous pace of urbanization in various cities in emerging nations has been considered as giving potential growth opportunities to the market. Governments are allocating more funds and resources to infrastructure development projects in Latin America, Asia Pacific, the Middle East, the Oceanic Subregion, South America, and Africa to meet the needs of a growing population that wants to move to urban areas for better lifestyles, healthcare, and infrastructure. As a result, the global construction boom has resulted in a surge in demand for concrete pumps. These variables are predicted to continue in the forecast period.

Truck Mounted Concrete Pump Market Segment Analysis: the Truck Mounted Concrete Pump Market is segmented into Type and End use.

Based on type, the market is sub-segmented into Truck Mounted Mobile Pump, Truck Mounted Static Pump, and Truck Mixer Concrete Pump. Mobile concrete pump segment leading the market in 2021. Mobile concrete pumps, which are used to move enormous amounts of liquid concrete during construction, have transformed the development of high-rise and big buildings by reducing project execution time, energy, and labor costs. Mobile concrete pumps, which are used to move enormous amounts of liquid concrete during construction, have revolutionized the development of high-rise and big buildings by reducing project execution time, energy, and labor costs.

In major building projects, a mobile concrete pump is extremely beneficial for discharging concrete swiftly and efficiently in enormous volumes. It is mostly employed for cost-effective operations in various specific areas such as buildings, tunnels, bridges, and other structures, as well as for pumping bulk concrete. Mobile concrete pumps have a number of operational advantages, in addition, to accurately supplying huge volumes of concrete on the job site. They have a shorter setup time, a consistent flow, and cheap labour expenses.

Based on End-use, the market is sub-segmented into Industrial, Commercial, and Domestic. The Industrial segment leading the market. The truck-mounted concrete pump is mostly used in industries like the construction industry, infrastructure development, etc. The use of a concrete pump has revolutionized the construction of huge high-rise buildings and structures. The use of pumps in the current construction process is necessary for the installation of concrete in inaccessible regions. Pumping has become increasingly important, especially as the use of ready-mixed concrete has grown around the world. While the simplicity of pumping is dependent on the type of pump used, the distance over which the concrete must be pushed, as well as the qualities of the concrete, and a number of other factors, the operation can be complicated.
Truck Mounted Concrete Pump Market Regional Analysis:
In 2021, Asia-Pacific dominated the market, accounting for the largest share, and this trend is expected to continue throughout the projected period. This is due to an increase in government money and a greater focus on developing infrastructure in this region. Growing economies like 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. Squared Capital, a private equity fund, raised $7 billion in September 2021 for new infrastructure projects in IndiaThe objective of the report is to present a comprehensive analysis of the global Truck Mounted 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 report also helps in understanding the global Truck Mounted Concrete Pump Market dynamics, structure by analyzing the market segments and project the global Truck Mounted Concrete Pump Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Truck Mounted Concrete Pump Market make the report investor’s guide.
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Truck Mounted Concrete Pump Market


Base Year
2021
Forecast Period
2022-2029


Historical Data
CAGR
Market Size in 2021
Market Size in 2029


2017 to 2021
4%
US$ 4.10 Bn
US$ 5.62 Bn


Segments Covered


by Type
• Truck Mounted Mobile Pump
• Truck Mounted Static Pump
• Truck Mixer Concrete Pump
by End use
• Industrial
• Commercial
• Domestic


Regions Covered


North America
• United States
• Canada
• Mexico
Europe
• UK
• France
• Germany
• Italy
• Spain
• Sweden
• Austria
• Rest of Europe
Asia Pacific
• China
• S Korea
• Japan
• India
• Australia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Bangladesh
• Pakistan
• Rest of APAC
Middle East and Africa
• South Africa
• GCC
• Egypt
• Nigeria
• Rest of ME&A
South America
• Brazil
• Argentina
• Rest of South America



Truck Mounted Concrete Pump Market Key Players
• CONCORD CONCRETE PUMPS INTERNATIONAL LTD
• Junjin
• Kyokuto Kaihatsu Kogyo Co., Ltd.
• Liebherr
• Liugong Machinery Co., Ltd.
• Putzmeister Concrete Machines Pvt. Ltd
• SANY GROUP
• SCHWING Stetter
• Sermac Srl
• Shantui Construction Machinery co., Ltd.
• XCMG Group
• Zoomlion Heavy Industry Science Technology Co., Ltd.
• Daimler AG
• Ford Motor Co.
• AB Volvo
• BMW AG
• Tesla Inc.
• Google Inc.
• IVICO
• Scania
• Caterpillar
• Robert Bosch GmbH
• Aptiv

Frequently Asked Questions:

1. Which region has the largest share in Global Truck Mounted Concrete Pump Market?
Ans: Asia Pacific region held the highest share in 2021.

2. What is the growth rate of Global Truck Mounted Concrete Pump Market?
Ans: The Global Truck Mounted Concrete Pump Market is growing at a CAGR of 4% during forecasting period 2022-2029.

3. What is scope of the Global Truck Mounted Concrete Pump Market report?
Ans: Global Truck Mounted Concrete Pump Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Truck Mounted Concrete Pump Market?
Ans: The important key players in the Global Truck Mounted Concrete Pump Market are – CONCORD CONCRETE PUMPS INTERNATIONAL LTD, Junjin, Kyokuto Kaihatsu Kogyo Co., Ltd., Liebherr, Liugong Machinery Co., Ltd., Putzmeister Concrete Machines Pvt. Ltd, SANY GROUP, SCHWING Stetter, Sermac Srl, Shantui Construction Machinery co., Ltd., XCMG Group, Zoomlion Heavy Industry Science Technology Co., Ltd., Daimler AG, Ford Motor Co., AB Volvo, BMW AG, Tesla Inc., Google Inc., IVICO, Scania, Caterpillar, Robert Bosch GmbH, and Aptiv

5. What is the study period of this Market?
Ans: The Global Truck Mounted Concrete Pump Market is studied from 2021 to 2029.