Concrete Pump Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Concrete Pump Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Concrete Pump Market

The concrete pump market size was valued at USD 4.57 billion in 2020, and the market is now projected to grow from USD 4.74 billion in 2021 to USD 6.61 billion in 2028, exhibiting a CAGR of 4.9% during the forecast period of 2021-2028.

The rigorous regulations and lockdowns had halted all construction activities, resulting in the sudden contraction of the construction market. The hype of COVID-19 cases across various parts of the world has discouraged investors from investments in the market that has affected the market. The disruption of the supply chain of the construction sectors has declined demand for the product. Stopping on shipping of unnecessary goods had caused a huge imbalance between the availability of the raw material and the actual requirement. Hence, the COVID-19 pandemic hindered the concrete pump market growth.

The concrete pump market share globally has increased because of the improvement of high-rise buildings. The demand and subsequent development prospects of apartment houses increased at a substantial pace in the global market. This is attributable to the rapid advance of metropolitan towns and the growth in urbanization. These pumps are competent in moving the concrete mixture at across-the-board and elevated growing places in an effective manner with significant ease.

The trend is designing more lightweight, robust, and powerful products that are enhancing the market growth. The massive expenditure on research and development work by numerous major participants has encouraged the development of newer and sophisticated products in the global market. The advancement and technological expansion in concrete pumping technology are providing a remarkable surge for the market. The use of new and durable resources, such as carbon fiber, and the development of long and far-reaching boom sections are attracting many consumers towards these products.

Comprehensive Analysis of Concrete Pump Market

The concrete pump market and machinery and equipment industry is intensifying at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional evaluation considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by types of product, and industry. The product types are truck mounted, stationary, and specialized. The industry includes commercial, industrial, and domestic.

The Asia Pacific region is conducive to the global concrete pump market, leading to a recall of USD 1.62 billion owing to the increasing construction of multistory and high-tech infrastructure across well-known cities in this region.

The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include Sany group (Changsha, China), Liebherr (Kirchdorf an der Iller, Germany), Alliance Concrete Pump (Pennsylvania, the U.S.), Schwing Stetter (Herne, Germany), Concord Concrete Pump (Port Coquitlam, Canada), DY Concrete Pump (Calgary, Canada), PCP Group LLC (Florida, the U.S.), Xuzhou Construction Machinery Co, Ltd. (Jiangsu, China), Ajax Fiori Engineering (Karnataka, India), Zhejiang Truemax Engineering Co. Ltd. (Hangzhou, China), Sebhsa (Girona, Spain), Zoomlion Heavy Industry Science & Technology Co., Ltd. (Hunan Province, China), and Junjin (China), Inc. (U.S.), these market players present a level-playing competitive landscape.

In November 2020, Putzmeister made an extensive investment in R&D activities to launch new and innovative pumping solutions. The company announced its plan to unveil a new class-leading line of concrete pumps in partnership with its parent company that can draw many customers towards them.

Segmentation Table

Global Concrete Pump Market Scope

ATTRIBUTE

DETAILS

Study Period

2017-2028

Base Year

2020

Estimated Year

2021

Forecast Period

2021-2028

Historical Period

2017-2019

Unit

Value (USD Billion)

Segmentation

Product Type, Industry, and Region

By Product Type

Truck Mounted

Stationary

Specialized

By Industry

Commercial

Industrial

Domestic

By Region

North America (By Product Type, Industry, and Country)

• The U.S. (By Product Type)
• Canada (By Product Type)
• Mexico (By Product Type)

Europe (By Product Type, Industry, and Country)

• The UK (By Product Type)
• Germany (By Product Type)
• France (By Product Type)
• Italy (By Product Type)
• Spain (By Product Type)
• Russia (By Product Type)
• BENELUX (By Product Type)
• Nordics (By Product Type)
• Rest of Europe

Asia Pacific (By Product Type, Industry, and Country)

• China (By Product Type)
• India (By Product Type)
• Japan (By Product Type)
• South Korea (By Product Type)
• ASEAN Countries (By Product Type)
• Australia (By Product Type)
• Rest of Asia Pacific

The Middle East & Africa (By Product Type, Industry, and Country)

• GCC (By Product Type)
• South Africa (By Product Type)
• Rest of the Middle East & Africa

South America (By Product Type, Industry, and Country)

• Brazil (By Product Type)
• Argentina (By Product Type)
• Colombia (By Product Type)
• Rest of South America

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