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Global Concrete Pumps Market to Grow at a CAGR of 4.96% During 2021-2026, Aided by the Rapid Urbanisation

According to a new report by EMR titled, ‘Global Concrete Pumps Market Report and Forecast 2021-2026’, the market attained a value of around USD 3688 million in 2020. It is further expected to witness a healthy growth in the forecast period, growing at a CAGR of 4.96% between 2021 and 2026 to reach a value of USD 4666 million by 2026.

The global concrete pumps industry is being driven by the thriving construction sector and the increased utilisation of concrete pumps in large-scale construction projects. The growing construction activities are the result of rapid urbanisation and the growing housing demands. The high population density is leading to an increased demand for residential and non-residential building structures to fulfill the demands of the growing population.

The growing focus of the leading players to develop improved concrete pumps by utilising advanced technologies is expected to catalyse the industry growth in the forecast period. In addition, the growing mergers and acquisitions by the leading players to enhance their operational efficiency and expand their geographic reach are expected to aid the market. For instance, in May 2019, Concrete Pumping Holdings Inc. (NASDAQ: BBCP) announced the successful acquisition of Concrete Pumping, LP and its affiliates, a leading provider of concrete pumping in the Texas commercial and residential construction industry. This acquisition is estimated to strengthen the market position of Concrete Pumping Holdings Inc. in the North American region while expanding its presence in the highly lucrative Texas region. Such developments are expected to positively impact the growth of the concrete pumps industry in the forecast period.

Market Breakup by Type, Industry Verticals, and Region:

  • The market is categorised based on type into truck mounted concrete pumps, stationary concrete pumps, and specialised concrete pumps.
  • On the basis of industry verticals, the market can be divided into industrial, commercial, and domestic. 
  • Region-wise, the global market for concrete pumps can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for concrete pumps is being driven by the rapid urbanisation and industrialisation worldwide.
  • The growing population with increasing demands for housing and commercial infrastructure has significantly contributed to the market expansion.
  • The rapid implementation of concrete pumps in different industry verticals is also aiding the industry growth.
  • The growing investments in the research and development of concrete pump manufacturing are expected to further propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for concrete pumps for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the types, industry verticals, and major regions of concrete pumps.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global concrete pumps market are Ajax Engineering Pvt. Ltd., Alliance Concrete Pumps Inc, Concord Concrete Pumps, DY Concrete Pumps Inc, Junjin Heavy Industry Co Ltd, Liebherr-International AG, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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