United States Veterinary Diagnostics Market Assessment, By Product [Consumables, Instruments], By Technology [Molecular Immunodiagnostics, Molecular Diagnostics, Clinical Biochemistry, Hematology, Others], By Animal Type [Companion Animals, Livestock], By

United States Veterinary Diagnostics Market Assessment, By Product [Consumables, Instruments], By Technology [Molecular Immunodiagnostics, Molecular Diagnostics, Clinical Biochemistry, Hematology, Others], By Animal Type [Companion Animals, Livestock], By Application [Infectious Diseases, Endocrinology, Oncology, Cardiology, Others], By End-user [Veterinary Hospitals and Clinics, Veterinary Reference Laboratories], By Region, Opportunities and Forecast, 2017-2031F

Global concrete mixer machine market is projected to witness a CAGR of 5.12% during the forecast period 2024-2031, growing from USD 16.05 billion in 2023 to USD 23.93 billion in 2031. Automation and smart technology are changing concrete mixers, making them more flexible, productive, and efficient. The rapid growth of the construction industry due to rising economies, reconstruction, and maintenance is likely to garner market growth. The technological integration of the Internet of Things (IoT) and automation is helping end-user industries complete infrastructure projects on time. The mobile and portable mixers are deployed at different job construction sites, including remote areas with the utmost flexibility and on-site capabilities.

The future of the market looks promising with the addition of advanced materials and robotics. As new concrete mixtures, such as self-healing concrete or high-performance concrete are developed, there will be a growing need for specialized mixing machinery. Robotics and artificial intelligence assimilated into concrete mixing processes may translate to higher levels of automation, predictive maintenance, and more effective quality management. With the advent of volumetric concrete mixers and the scope for on-demand mixing, flexible and customized operations have increased. The concrete is mixed based on project and real-time demand, and the right analysis helps end-users reduce waste with volumetric mixers. Volumetric mixers allow for on-site mixing, providing fresh concrete exactly when needed, reducing waste from over-ordering, and ensuring quality control. Companies are launching a new range of volumetric concrete mixers to increase their market presence.

For instance, in January 2024, Cemen Tech Inc. launched its new CD2 dual bin volumetric concrete mixer. This fully automated addition to the C Series product line features a unique split bin with individual compartments to transport and blend various supplementary cementing materials (SCMs). Its convenience, customization, and cost benefits are some of the unique selling propositions (USPs) of the machine.

Efficient Concrete Mixers with Infrastructural Projects to Propel Market Growth

The growth of large-scale construction projects around the globe is likely to increase the demand for advanced concrete mixing equipment. The boost in governments’ expenditure and investments in public works is resulting in market growth. Transport, utilities, urban development projects, and other large undertakings call for ready-mix concrete that is high quality and delivered on demand.

On-site mixing is made possible with advanced concrete mixers, especially volumetric mixers that are prepared when needed. Hence, the wastage of materials is reduced. This functionality enhances the speed of the construction process and helps in the green initiative to reduce the carbon emissions caused by the movement of raw materials. Due to the expanding range of infrastructure projects, the efficient concrete mixer market is surging as it is well poised to meet the current construction trends. Companies tend to develop concrete mixers with efficient technology.

For instance, in November 2023, Terex Advance Mixer Inc., Edge Materials LLC, and PCC Hydrogen Inc. signed with Cummins Inc. to put mixer trucks powered by Cummins’ zero-carbon, hydrogen-fueled internal combustion engines to real-world test. The Cummins X15H hydrogen internal combustion engine will be incorporated into the Terex Advance Commander Series of front-discharge concrete mixer trucks as a part of this project.

Rapid Urbanization and Emission-Free Mixing to Shape Market Demand

Rising demand for infrastructure, including housing, roads, bridges, and public facilities, is likely to fuel the sales of concrete mixer machines. The increasing inclination towards greener alternatives in the usage of construction equipment and the usage of emission-free mixing technologies helps to lessen the impact caused by the manufacturing and delivery of cement. Transportation emissions and transport requirements are reduced by equipment, such as volumetric mixers, that produce on-site emission-free concrete mixers for mixing and delivery when necessary. This makes it easy to produce fresh concrete that fits the construction while ensuring the resources are effectively utilized and kept to a minimum.

Advancements in mixer technology, including electric and hybrid models, contribute to emission-free mixing. Companies tend to launch new hybrid and electric mixers, limiting the reliance on fossil fuels.

For instance, in March 2023, ADVANCE, a Terex Corporation brand, launched its first all-electric mixer. In addition to producing zero-carbon emissions, this all-electric mixer operates at a very low noise level, providing end-users with an environmentally friendly, zero-emissions concrete delivery system. The Terex Advance Mini-Mix product line was introduced in 2022 to provide ready mixer producers and contractors with a tiny volume mixer for short loads or confined places, offering the all-electric option.

Electric Segment to Grow Fastest Due to Affordable Operations

Based on power sources, the electric segment is the fastest growing in the concrete mixture machine market. Concrete mixers driven by electricity are thought to contain less emission pollution than diesel concrete mixers, thus making them more environmentally conscious. As people become more aware of their environment, the need for electric mixers is growing to promote eco-friendly building strategies. In cases when there are restrictions on noise and exhaust emissions, such as in urban settings or indoor construction sites, electric mixers are the most preferred. They help with noiseless operations and keep their surroundings clean. The new battery technologies and rapid research and development in optimizing battery systems in industrial machines have refined electric equipment. Companies are adopting these machines to reduce the overall operational cost.

For instance, in June 2023, Aggregate Industries announced the launch of an electric-powered concrete mixer. The electric mixer was built by McPhee Mixers, a division of TVS Interfleet, based in Motherwell, Scotland, and Aggregate Industries, in collaboration with Renault Trucks. The truck launch represents the most recent phase in Aggregate Industries' shift to a sustainable future.

Asia-Pacific to Holds the Major Concrete Mixer Machine Market Share

Asia-Pacific leads the share of the global concrete mixture machine market due to the increasing urbanization and infrastructure development in the region. Countries such as China and India are under a lot of population pressure, resulting in a higher need for buildings and public infrastructure. Moreover, infrastructure projects are on the rise owing to policies, such as the One Belt One Road in China, which calls for efficient concrete mixing.

Backed by the economic advancement in the region, the construction industry encourages the use of techniques such as volumetric mixers and advanced systems. Furthermore, due to an increased focus on sustainability and green construction practices, there is a shift towards emission-free mixing technologies. Given the availability of raw materials and a fair degree of competition in manufacturing, there is a potential for the market based in geographical regions to grow significantly, hence its relevance in the global concrete mixer market. Governments across the region are launching mega construction, revamp, and repair projects to enhance their overall infrastructure.

For instance, in February 2024, the Indian government launched the Amrit Bharat Station scheme, laying the foundation for revamping 554 railway stations across India. The foundation was laid for the work to revamp more than 550 railway stations across 27 states and 300 districts.

Future Market Scenario (2024 – 2031F)

Increased use of automation in mixing processes is expected to minimize human error and improve consistency.

Implementation of IoT devices is anticipated to enable real-time monitoring of mixer performance, material usage, and maintenance needs.

The development of electric and hybrid concrete mixers is projected to reduce emissions and improve environmental sustainability.

Key Players Landscape and Outlook

In the concrete mixer machine market, key players adopt a multifaceted strategy to enhance their competitive edge and capture larger market share. These strategies include innovation in technology, focusing on energy efficiency and automation to meet the growing demand for sustainable construction solutions. Additionally, companies are expanding their product lines to offer a variety of mixer types, such as portable, truck-mounted, and stationary mixers, to cater to diverse customer needs. Strategic partnerships and collaborations with construction firms and suppliers are prevalent, enabling better distribution networks and access to new markets. Furthermore, emphasis on customer service and support is crucial as players seek to build long-term relationships and ensure customer satisfaction in an increasingly competitive landscape.

For instance, in January 2022, SANY Group launched a new generation of lightweight mixer trucks. The mixer truck complies with legal standards and is exempt from yearly inspections since it uses high-strength aluminum alloy and non-metal materials with 12 lightweight technologies. The mixer trucks' unique and modern Deutz D09 engine and cutting-edge core parts reduce fuel consumption by 10% and boost operational efficiency by 10%.