This report provides exclusive insights into the COVID-19 impact on the Concrete Mixing Machines and Tools Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Concrete Mixing Machines and Tools Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Concrete Mixing Machines and Tools Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on concrete mixing machines and tools market provides in-depth analysis of segments and sub-segments in global as well as regional concrete mixing machines and tools market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional concrete mixing machines and tools market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global concrete mixing machines and tools market. According to the report, the global concrete mixing machines and tools market is projected to grow at a healthy CAGR over the forecast period of 2018-2024.
Concrete mixing machines homogeneously combine cement water and produce concrete mechanically. There are various types of concrete available that make concrete production quick and economical. A typical concrete mixer uses a revolving drum to mix the components and the alternative method of mixing concrete is by hand. The interior of the drum for concrete mixing is fitted with a spiral blade. Portable concrete mixers may power gasoline engines, although it is more common that they are powered by electric motors using standard mains current. For smaller jobs, such as residential repairs and renovations many cubic yards of concrete are not required hence handheld concrete machines are preferred more as they are more handy and easy to use.
Increasing infrastructural investment and Introduction of handheld portable mixing tools for residential repairs is the major factor driving the growth of the concrete mixing machines and tools market. In addition, changing trends in the construction industry have resulted in the enhancement of mixing technologies for concrete production as today's industries require shorter mixing times for industrial production of concrete. This, in turn, is fuelling the growth of the concrete machines and tools market. However, the construction industry is slow to adopt new technologies hence the productivity has been quiet and even declined in some case, which in turn is hampering the growth of the concrete mixer machines and tools market during the forecast period. Furthermore, Digitization has added several features and has resulted in huge growth opportunities for concrete mixing machines and tools market. Therefore, the new technologies are incorporating the systems with intelligent systems, new software applications, and digital sensors that are integrated with the platform of building information modeling.
Among the geographies, Asia Pacific dominated the concrete mixing machines and tools market.The growth in the Asia Pacific region is increasing at a rapid pace owing to rapid urbanization and infrastructure in countries such as India, China, and Indonesia. Moreover, expansion of road infrastructure along with government initiatives towards construction and industrial development in the Asia Pacific region is anticipated to have a positive impact on the concrete mixing machines and tools market.
The report on global concrete mixing machines and tools market covers segments such as types, mobility, and end use. On the basis of types, the global concrete mixing machines and tools market is categorized into concrete mixers and concrete tools. Based on mobility the global concrete mixing machines and tools market is categorized into portable and non-portable. Because of end use the global concrete mixing machines and tools market is categorized into building works, civil works, power plants, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global concrete mixing machines and tools markets such as Terex Corporation, Zoomlion Heavy Industry Science & Technology Co., Ltd, Shantui Construction Machinery Co. Ltd, Sinotruk Hong Kong Ltd., Sany Group, Caterpillar and Liebherr-International AG.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global concrete mixing machines and tools market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of concrete mixing machines and tools market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the concrete mixing machines and tools market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the concrete mixing machines and tools market to understand the present and future trends in this market and formulate their strategies accordingly.