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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.
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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.
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