Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
concrete pumps market provides in-depth analysis of segments and sub-segments
in global as well as regional concrete pumps market. The study also highlights
the impact of drivers, restraints and macro indicators on the global and
regional concrete pumps 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 pumps market. According to report, the global concrete pumps
market is projected to grow at a CAGR of 6.4% over the forecast period of
2018-2024.
A concrete pump is a machine used
for transferring liquid concrete by pumping. Concrete pump is particularly
important in transforming the construction of large high-rise buildings and
structures. It is known as a boom concrete pump because it uses a
remote-controlled articulating robotic arm called a boom to place concrete
accurately. Boom pumps are used on most of the larger construction projects, as
they are capable of pumping at very high volumes of the placing boom.
Increasing infrastructural
investment is the key driving factor for the growth of concrete pumps market.
Additionally, increasing demand for high capacity concrete pumps is fueling
the concrete pumps market. However, the high cost of concrete pumps is likely to
hamper the adoption of small industries with less capital investment. In
addition, an increase in concern regarding economic recession is anticipated to
delay the infrastructure activities owing to the political instability and
insufficient funds.
Furthermore, the growing trend of
high-rise buildings, complex design, and megastructure construction have
resulted in increased output and improved productive concrete pumps. This in
turn has opened several doors of opportunity for the growth of the concrete
pumps market over the upcoming years. Moreover, developing economies create
significant growth opportunities as the saturation of advanced technological
equipment’s are less in some parts of the country.
Among the geographies, Asia-Pacific is expected to emerge as the prominent market for the concrete pumps
market. Additionally rapid growth in the residential construction and the
development of infrastructural facilities in developing countries such as
India and Malaysia are showing a considerable growth in the demand for concrete
pumps market. Moreover, Europe and North America are anticipated to drive the
global concrete pumps market owing to the high environment consciousness during
the near future. On the other hand, rising infrastructure in the middle east and the launch of concrete pumps with advanced technologies in Asia-Pacific is
estimated to help increase productivity in the placement of concrete.
The report on global concrete pumps market covers segments such
as product type and end-user. On the
basis of product type, the global concrete pumps market is categorized into
truck mounted concrete pumps, stationary concrete pumps, and specialized
concrete pumps. On the basis of end-user, the global concrete pumps market is
categorized into industrial, commercial and domestic.
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 a 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 pumps market such as KCP Heavy Industries, Apollo Infratech Pvt. Ltd,
Fangyuan Group Inc, Concord Concrete Pumps, Alliance Concrete Pumps, Inc., Sany
Group, Zoomlion Heavy Machinery Co, Ltd, Liebherr Group, Schwing Gmbh, and Putzmeister.
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 pumps
market. Moreover, IGR-Growth Matrix analysis given in the report brings an
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 pumps
market. Moreover, the study highlights current market trends and provides
forecast from 2018-2024. We also have highlighted future trends in the concrete
pumps market that will impact 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. This report will help manufacturers,
suppliers, and distributors of the concrete pumps market to understand the present
and future trends in this market and formulate their strategies accordingly.
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