Truck Mounted Concrete Pump Market Size [2021-2028]

The key companies in the truck mounted concrete pump market are Putzmeister Concrete Machines Pvt. Ltd (Germany), CONCORD CONCRETE PUMPS INTERNATIONAL LTD (Canada), Shantui Construction Machinery Co. Ltd (China), Liugong Machinery Co Ltd (China), Zoomlion Heavy Industry Science & Technology Co Ltd (China), SANY GROUP (China), Sermac Srl (Romania), Kyukuto Kaihatsu Kogyo Co Ltd (Japan), Liebherr (Switzerland), XCMG Group (China), SCHWING Stetter (Germany)

Pune, India, December 21, 2021 (GLOBE NEWSWIRE) – The world truck mounted concrete pump market The size is expected to experience high market growth due to the expansion of construction industry and rapid urbanization. This information is provided by Fortune Business Insights ™, in its report titled “Truck Mounted Concrete Pumps Market, 2021-2028”.

Factors such as integration of advanced functions such as exact exchange of fluid-concrete mixture, mechanical arm controlled by PC, less manpower and higher mobile volume will drive the market growth over the course of the forecast period. In addition, the ability to perform repetitive functions with a higher rate of accuracy over a longer period of time will help promote the expansion of the market towards a considerable growth rate.

Industry development

  • February 2021: SCHWING Stetter recently inaugurated a brand new IoT-enabled factory in Chennai, India, which will span a built-up area of ​​50,000 square meters. The factory plans to employ around 150 people and is expected to serve as a global production hub. It will produce Schwing concrete boom pumps, stationary pumps, self-loading mixers, shot pumps, excavators and graders.

  • September 2021: Liebherr recently unveiled its new 36 XXT truck range which will include a wide range of features such as simplified access to controls, extended stowage and stowage options and increased maneuverability. The truck-mounted concrete device will weigh approximately 26 tonnes and feature a three-axle drive system.

Get a sample PDF brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/truck-mount-concrete-pump-market-104111

Conductors and restraints

Minimized labor costs to drive market growth

The ability of high precision and control of operations along with higher efficiency rate are expected to drive the market growth during the forecast period. In addition, the increasing number of smart city projects in emerging economies and a growing tourism sector will fuel the market growth. Lucrative investment opportunities, skyrocketing labor costs and falling oil prices will also help increase the share of the truck-mounted concrete pump industry.

However, rising construction costs are expected to hamper market growth to some extent. In addition, the increase in maintenance costs of these trucks and equipment and the extension of technical complexities will hamper the growth of the market.

Impact of COVID-19

Market to see economic recovery as pandemic looms

During the COVID-19 pandemic, many organizations faced a steady decline in their market potential. Ongoing lockdowns and social distancing protocols have driven the supply-demand cycle down at a huge factor. The majority of workers have been dispersed, which should create more disruptive prospects for the market. In addition, the volatility of the price of raw materials needed for production and supply chain failures will slow the manufacturing capacities of dominant players. However, the market share of truck-mounted concrete pumps will grow steadily at the end of the following year following the easing of lockdown measures and the resumption of global trade.

Click here to learn about the short and long term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/truck-mounted-concrete-pump-market-104111

Segments

On the basis of type, the market can be divided into stationary pump, truck mounted pump, and specialty pump.

By end use, the market can be decomposed into commercial, industrial, and domestic.

In terms of region, the market is categorized as North America, Europe, Asia-Pacific, and the rest of the world.

Cover of the report

The study aims to provide analytical information on the market on a global and regional scale by providing comprehensive coverage of all associated segments and sub-segments. Comprehensive analysis is provided on the major market players by providing a comprehensive portfolio which includes the products, expected revenue (gross and net), SWOT analysis and latest events surrounding the business. In addition, a list of inhibitory factors is provided which will allow estimation of the impact of COVID-19 on the market. In addition, the latest technological trends and the regulatory framework are included in the report.

Quick Buy – Truck Mounted Concrete Pump Marlet Research report: https://www.fortunebusinessinsights.com/checkout-page/104111

Regional perspectives

Asia-Pacific to Dominate the Market for the Expected Duration

The rapid adoption of advanced technology and increasing investment opportunities by the private sector will increase the growth rate of the Truck Mounted Concrete Pumps market. Improving construction sector in India and China will boost the market during the forecast period. A rapid wave of infrastructure development in the residential and commercial sectors along with an increased emphasis on highway and road construction will fuel the growth in market value. The growing number of global infrastructure projects such as the former Silk Road, One Belt and Road Initiative will further drive demand from the truck mounted concrete pump industry. These factors will enable accelerated market growth in the Asia-Pacific region.

Talk to our analyst: https://www.fortunebusinessinsights.com/enquiry/queries/truck-mount-concrete-pump-market-104111

Segmentation:

By type

  • Stationary pump

  • Truck mounted pump

  • Special purpose pump

By type of end use

  • Commercial

  • Industrial

  • National

By geography

  • North America (United States, Canada and Mexico)

  • Europe (Germany, France, United Kingdom and rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea and rest of Asia-Pacific)

  • Rest of the world

List of key players in the market

  • Putzmeister Concrete Machines Pvt. Ltd (Germany)

  • CONCORD CONCRETE PUMPS INTERNATIONAL LTD (Canada)

  • Shantui Construction Machinery Co. Ltd (China)

  • Liugong Machinery Co Ltd (China)

  • Zoomlion Heavy Industry Science & Technology Co Ltd (China)

  • SANY GROUP (China)

  • Sermac Srl (Romania)

  • Kyukuto Kaihatsu Kogyo Co Ltd (Japan)

  • Liebherr (Switzerland)

  • XCMG Group (China)

  • SCHWING Stetter (Germany)

Request customization of this report: https://www.fortunebusinessinsights.com/enquiry/customization/truck-mount-concrete-pump-market-104111

About Us:

Fortune Business Insights ™ delivers accurate data and innovative business analytics, helping organizations of all sizes make the right decisions. We tailor innovative solutions to our clients, helping them meet various challenges specific to their business. Our aim is to provide them with aggregate market information, providing them with a granular overview of the market in which they operate.

Call:

United States: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

E-mail: [email protected]


Source link

Comments are closed.