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Concrete Mixing Machines and Tools Market (Types - Concrete Mixers, and Concrete Tools; Mobility - Portable, and Non-portable; End Use - Building Works, Civil Works, Power Plants, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Concrete Mixing Machines and Tools Market (Types - Concrete Mixers, and Concrete Tools; Mobility - Portable, and Non-portable; End Use - Building Works, Civil Works, Power Plants, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: EIM0151 Category: Energy, Mining and Infrastructure Published: July, 2022

A recent report published by Infinium Global Research on the concrete mixing machines and tools market provides in-depth analysis of segments and sub-segments in the 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, forecasts, and dollar values of the 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 CAGR of around 7% over the forecast period of 2022-2028.

Market Insight

The revenue generated by the market was over USD 10 billion in 2022 and is expected to reach more than USD 15 billion in 2028 and is expected to grow with a CAGR of around 7% over the forecast period 2022-2028. 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 than 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.

Concrete Mixing Machines and Tools Market

The 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 productivity has been quiet and even declined in some cases, 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 the concrete mixing machines and tools market. Therefore, the new technologies are incorporating systems with intelligent systems, new software applications, and digital sensors that are integrated with the platform of building information modeling. The construction sector felt the severe effects of the covid-19 pandemic. The pandemic spread around the world in no time. In order to curb the spread of the pandemic, stringent measures were adopted by countries around the world with immediate effect. This caused the postponing of construction projects and the halting of work on the construction sites. This led to cost overruns and the workforce was available in limited numbers. With the stopping of work at construction sites and no skilled labor to operate, the use of concrete mixing machines and tools declined drastically. The concrete companies limited their production in response to stringent physical restrictions. This caused a severe decline in the demand for concrete mixing machines and tools in the construction sector around the world. As the world is recovering from the pandemic, the demand is again rising in the market.

 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, the 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. Many concrete mixing machines and tool manufacturers are setting up their manufacturing plants as the demand from the construction sector is growing and setting up a manufacturing plant is relatively less costly and very convenient in developing countries of Asia-Pacific. Furthermore, Asia-Pacific is one of the leading regions in the production of concrete and the construction of industrial, commercial, and residential buildings is also growing.

Segment Covered

The report on the global concrete mixing machines and tools market covers segments such as types, mobility, and end use. On the basis of types, the sub-markets include concrete mixers, and concrete tools. On the basis of mobility, the sub-markets include portable, and non-portable. On the basis of end use, the sub-markets include building works, civil works, power plants, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Terex Corporation, Zoomlion Heavy Industry Science & Technology Co., Ltd, Shantui Construction Machinery Co. Ltd, Sinotruk Hong Kong Ltd., Sany Group, Caterpillar, Liebherr-International AG, Schwing Stetter, AJAX.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The 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 the concrete mixing machines and tools market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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