The global market for truck mounted concrete pumps is
highly consolidated, find a new research study by Transparency Market
Research (TMR). In 2016, the top six players, namely, Sany Group &
Putzmeister, SCHWING, XCMG, Zoomlion Heavy Machinery Co. Ltd.,
Concord Concrete Pumps, and LIEBHERR, accounted for nearly 95% of the
overall market.
The rivalry is intense between the leading
manufacturers of truck mounted concrete pumps. These companies are
adopting aggressive pricing strategies and are involving in strategic
mergers and acquisitions for the geographical expansion of their
businesses in established markets, which is likely to increase the
competition within this market over the next few years, states the
research report.
This 192 page report gives readers a comprehensive
overview of the Truck Mounted Concrete Pump market. Browse through 56
data tables and 53 figures to unlock the hidden opportunities in this
market @
As per the research report, the worldwide truck
mounted concrete pump market was worth US$2.79 bn in 2016.
Researchers expect the opportunity in this market to increasing at a
CAGR of 5.80% during the period from 2017 to 2025 and reach US$4.64
bn by the end of the forecast period. The demand for these pumps is
significantly high in the residential sector. Thanks to the
increasing construction activities and the rising number of new
townships projects, this segment is likely to remain leading end user
of truck mounted concrete pumps, notes the study.
Truck Mounted Mobile Pumps to Surface as Most
Valued Product
The research report further offers exhaustive
analyses of the global market for truck mounted concrete pumps on the
basis of various parameters. On the basis of the type of product,
this market has been classified into mobile pumps, static pumps, and
truck mixer concrete pumps in this study. Among these, truck mounted
mobile pumps is enjoying a higher demand than other and are
anticipated to remain doing so during the forecast period. Mobile
pumps find a widespread deployment in small to big construction
projects and is projected to rise at a significant CGAR of more than
6% between 2017 and 2025.
Geographically, Latin America, the Middle East and
Africa, Europe, Asia Pacific, and North America have been considered
as the key segments of the worldwide truck mounted concrete pump
market in the research report. In 2016, Asia Pacific emerged as the
leading regional market for truck mounted concrete pumps among all
with a share of more than 55%. Researchers project this regional
market to remain on the top over the forecast period on the grounds
of the rise in building and construction activities and the
increasing number of new commercial and industrial projects, notes
the market study.
Rising Trend of Urbanization and Industrialization
to Fuel Demand
“With the rising trend of urbanization, the
infrastructural developments have increased substantially across the
world, leading to a significant upsurge in the construction industry.
The ever-increasing population, especially in emerging regions, is
another prominent factor behind the rise in the construction
activities. This rise, as a result, is reflecting greatly on the
demand for truck mounted concrete pumps across the world.
Get accurate market forecast and analysis on the
Truck Mounted Concrete Pump market. Request a sample to stay abreast
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The market, over the forthcoming years, looks
thriving with a swift rise in the industrialization, worldwide.
However, the increasing dependence of construction activities on
political and economic factors may deter the market from growing
steadily over the forecast period, states the research study.
The study presented here is based on a report by
Transparency Market Research (TMR), titled “Truck Mounted Concrete
Pump Market (Product - Truck Mounted Mobile Pump, Truck Mounted
Static Pump and Truck Mixer Concrete Pump; End-use Sector -
Industrial, Residential, and Commercial) - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
The global truck mounted concrete pump market has
been segmented as follows:
By Product Type
- Truck Mounted Mobile Pump
- Truck Mounted Static Pump
- Truck Mixer Concrete Pump
By End-use Sector
- Industrial
- Residential
- Commercial
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