Concrete Pump
Global Concrete Pump Market to Reach $5.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Concrete Pump estimated at US$4.1 Billion in the year 2022, is projected to reach a revised size of US$5.8 Billion by 2030, growing at aCAGR of 4.3% over the period 2022-2030. Stationary Concrete Pumps, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$2.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Truck Mounted Concrete Pumps segment is readjusted to a revised 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 6.7% CAGR
The Concrete Pump market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
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