Global Concrete Machinery Market 2022-2026

Global Concrete Machinery Market 2022-2026

Technavio has been monitoring the concrete machinery market and it is poised to grow by $ 7.06 bn during 2022-2026, progressing at a CAGR of 5.85% during the forecast period. Our report on the concrete machinery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the expansion of the construction industry, large-scale industrial automation, and low maintenance cost of concrete roads.

The concrete machinery market analysis includes the end-user segment and geographic landscape.

Technavio's concrete machinery market is segmented as below:

By End-user

• Non-residential
• Residential

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• The Middle East and Africa

This study identifies the increasing demand for precast concrete for non-residential construction as one of the prime reasons driving the concrete machinery market growth during the next few years. Also, rapid urbanization and rising disposable income, and increasing demand for high capacity concrete pumps will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the concrete machinery market covers the following areas:

• Concrete machinery market sizing
• Concrete machinery market forecast
• Concrete machinery market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading concrete machinery market vendors that include SICOMA North America Inc., BHS-Sonthofen GmbH, EMAC International Group, Foton Motor Inc., Hess Corp., Holcombe Mixers, Hyundai Motor Co., Liugong Construction Machinery Jiangsu Co. Ltd, Luoyang CIMC Lingyu Automobile Co. Ltd., Marsay Equipment CC, Mbw Inc., Metalgalante SpA, Powertek Bulgaria Ltd., Rometa SA, Sami Srl, SANY Group, Sermac Srl, Shantui Jianyou Machinery Co. Ltd., Terex Corp., Thomas Concrete Group AB, Xuzhou Construction Machinery Group Co. Ltd., Zhengzhou Huazhong Construction Machinery Co. Ltd., and Zoomlion India Pvt. Ltd. Also, the concrete machinery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

SICOMA North America Inc., BHS-Sonthofen GmbH, EMAC International Group, Foton Motor Inc., Hess Corp., Holcombe Mixers, Hyundai Motor Co., Liugong Construction Machinery Jiangsu Co. Ltd, Luoyang CIMC Lingyu Automobile Co. Ltd., Marsay Equipment CC, Mbw Inc., Metalgalante SpA, Powertek Bulgaria Ltd., Rometa SA, Sami Srl, SANY Group, Sermac Srl, Shantui Jianyou Machinery Co. Ltd., Terex Corp., Thomas Concrete Group AB, Xuzhou Construction Machinery Group Co. Ltd., Zhengzhou Huazhong Construction Machinery Co. Ltd., Zoomlion India Pvt. Ltd.