Rapidly increasing construction activities in metro, urban, and semi-urban areas is driving the global truck mounted concrete pumps market.
The global Truck-mounted Concrete Pumps market worth US$ 5.20 Bn by 2027, growing at a CAGR of 4%
Covid-19 Impact & Market Status
The countries across the world owing to the rising concerns imposed lockdown restrictions which impacted all the industries across the world including the global truck mounted concrete pumps market. This caused short of raw materials due to supply chain disruption and halt in logistics operations. However, since the lockdown restrictions are lifted across all the countries, the global truck mounted concrete pumps market is regaining market momentum and is anticipated to experience good growth in projected years.
Commercial Segment Is Offers Lucrative Growth Opportunities
The global truck mounted concrete pumps market is classified into industrial, commercial and domestic segments. Among these, the commercial segment is offers lucrative growth opportunities for worldwide market players. Business conditions for the global development industry are great because of a few factors, for example, low loan fees, recuperation of oil costs, expansion in compensation, and huge speculation from government and confidential areas in development projects. This is expected to help the global development industry at a critical rate, which thus is projected to emphatically influence the global truck mounted substantial siphon market. Lack of gifted work, efficiency issues, and postpone in conveying projects on time are probably going to move the interest for substantial siphons during the figure time frame. In any case, persistent expansion in development cost is expected to hamper the truck mounted concrete pump market during the conjecture time frame.
North America Dominated the Global Truck Mounted Concrete Pumps Market
Rising business trust in Australia, China, nations in Europe, Japan, and the U.S. is probably going to support the development business in these nations. Lodging costs in the U.S. are probably going to show up back to 2008 levels, combined with a drop in joblessness rate from 10% in 2009 to roughly 4% in 2018. Significant interests in framework in key nations like China, India, and Brazil are supposed to support the development business, which is probably going to drive the truck mounted concrete pump market in these nations during the gauge time frame.
The increasing number of smart city projects has developed the need of deploying larges amounts concrete in a very short time. This is improving the reliance on truck mounted concrete pumps furthering the development of global truck mounted concrete pumps market.
The Truck-mounted Concrete Pumps assumes a significant part in development exercises. It is utilized to move liquid concrete by siphoning it beginning with one spot then onto the following. There are different kinds of truck mounted significant directs, for instance, impact or truck mounted siphon, trailer, line or fixed siphon and focused use siphons. Impact or truck mounted significant siphon runs the market, and staying aware of its power during the guess time frame is consistent.
The impact or truck mounted significant siphon offers flexibility during working and a remote-controlled mechanical arm is used, which is known as impact, for putting the significant exactly at the structure site. It is generally used in immense improvement projects and has a capacity to siphon high volume of concrete rapidly. It also reduces the need of work on account of its performing different errands mechanical arm. Owing to these benefits the truck mounted concrete pumps are experiencing rapid adoption thus fostering remarkable progress of global truck mounted concrete pumps market.
Truck Mounted Concrete Pump Market is projected to extend at a CAGR of 7.78% during forecasted period 2022 to 2029 and reach approximately US $ 8.9 Billion during the projected timeframe.
The concrete pumps expect a huge part being developed activities. It is utilized to move liquid cement by siphoning it beginning with one spot then onto the following. There are different sorts of truck mounted substantial siphons, for instance, impact or truck mounted concrete pumps, trailer, line or fixed pumps and thought use siphons. Impact or truck mounted substantial siphon manages the market, and it is likely going to keep up its power during the guess time span. The impact or truck mounted substantial siphon offers flexibility during working and a distant controlled robotized arm is used, which is known as impact, for putting the substantial definitively at the structure site. It furthermore diminishes the need of work in view of its playing out numerous assignments mechanical arm.
Truck mounted concrete pumps are experiencing more demand due to its advantages such as precise trade of liquid cement, PC control mechanical arm, essential of less work, and high volume moving cut-off is least time with faultlessness. Gathering of state of the art advancement mechanical assembly to achieve quality in least time, lack of talented work, and short period of time period are presumably going to use truck mounted substantial direct being developed industry. Also, trustworthy action with long assistance life basically functional cost, useful action through imaginative siphons, areas of strength for and are impelling chairmen to lean toward truck mounted siphons for better quality in pouring cement at higher accuracy.
The global truck mounted Concrete Pump market has been portioned in light of type, end-use, and area. As far as type, the global truck mounted market has been arranged into blast or truck mounted Concrete Pump, line or fixed siphon, and concentrated utilization siphon. Blast or truck mounted substantial Concrete Pump has an exceptional mechanical arm that is introduced on the rear of the truck. The Robotic arm vitally siphons the fluid cement to each side of the building site. Long reach, capacity to convey higher volume fluid concrete, adaptable use at large construction locales, high exchange speed, and least necessity of work to deal with it are normal to fuel the use of blast or truck mounted substantial siphons. These benefits have increased the demand of truck-mounted concrete pumps furthering the development of global truck mounted concrete pumps market.
However, covid-19 led economic recession resulting into fluctuations in constructions costs is hampering the global truck mounted concrete pumps market. Furthermore, increasing smart city projects, substantial investments by government and private stakeholders is anticipated to create lucrative growth opportunities for the global truck mounted concrete pumps market.
The key players in Global Truck-mounted Concrete Pumps Market are Liugong Machinery, Putzmeister Concrete Machines, SANY GROUP, Kyokuto Kaihatsu Kogyo, Shantui Construction Machinery, Liebherr, Sermac Srl, CONCORD CONCRETE PUMPS INTERNATIONAL, Zoomlion Heavy Industry Science &Technology, Junjin, XCMG Group, and SCHWING Stetter among others.
Major Development in Global Truck Mounted Concrete Pumps Market: A Snapshot
- German-Swiss multinational equipment manufacturer, Liebherr-International AG launched 42 M5 XXT truck-mounted concrete pump in 2019. It is equipped with advanced support system. The pump is in more demand due to its versatility and since 2020 when it was featured in 2020 World of Concrete show in Las Vegas.
Truck-mounted Concrete Pumps Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 8.9 Billion|
|Growth Rate||CAGR of 7.78 % during 2021-2028|
|Segment Covered||Type, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Liugong Machinery, Putzmeister Concrete Machines, SANY GROUP, Kyokuto Kaihatsu Kogyo, Shantui Construction Machinery, Liebherr, Sermac Srl, CONCORD CONCRETE PUMPS INTERNATIONAL, Zoomlion Heavy Industry Science &Technology, Junjin, XCMG Group, and SCHWING Stetter among others|
Key Segments of Global Truck Mounted Concrete Pumps Market
Type Overview, 2019-2029 (USD Billion)
- Truck Mounted Pump
- Stationary Pump
- Specialized Usage Pump
End User Overview, 2019-2029 (USD Billion)
Regional Overview, 2019-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa