The Global Truck Mounted Concrete Pump Market is estimated to be USD 4.89 Bn in 2023 and is expected to reach USD 7.08 Bn by 2028 growing at a CAGR of 7.68%.The construction industry is increasingly embracing sustainable practices, and truck-mounted concrete pumps play a role in this
Truck-mounted concrete pumps are specialized vehicles that combine a truck chassis with a concrete pump, allowing for efficient and rapid transfer of liquid concrete. These pumps utilize a remote-controlled articulated robotic arm, commonly referred to as a boom, to deliver concrete precisely to its desired location. Primarily utilized within the construction industry, these pumps offer significant advantages by enabling the quick and high-volume pumping of concrete, resulting in enhanced productivity and cost savings.
The global demand for truck-mounted concrete pumps is experiencing robust growth, largely driven by the ongoing urbanization process and the subsequent rise in construction activities. As cities expand and infrastructural development projects multiply, the need for efficient concrete placement becomes paramount. Truck-mounted concrete pumps address this demand by minimizing labor requirements while delivering superior accuracy and efficiency within a short timeframe.
Furthermore, the emergence of smart city initiatives in various countries and the booming tourism industry further contribute to expanding the construction sector worldwide. These factors necessitate the use of advanced machinery, such as truck-mounted concrete pumps, to meet the growing construction demands. Consequently, the increasing number of construction projects drives economic growth and creates job opportunities for local communities.
Also, favorable economic conditions, low-interest rates, and substantial investments by both governmental and private entities in construction projects play a pivotal role in shaping the truck-mounted concrete pump market. These factors create a conducive environment for companies operating in this sector, fostering lucrative growth prospects and encouraging further innovation in the industry.
- However, the breakdown of concrete pumps leading to the halt of construction activities has a direct negative impact on the growth of the truck-mounted concrete pump market. Concrete pumps play a crucial role in the efficient and timely delivery of concrete to construction sites. When breakdowns occur, it disrupts ongoing construction projects and result in delays, additional costs, and loss of productivity. These setbacks discourage construction companies from investing in truck-mounted concrete pumps, as they require reliable and uninterrupted equipment to meet project timelines.
- In addition to that, fluctuations in construction costs have a detrimental effect on the growth of the truck-mounted concrete pump market. Construction projects heavily rely on cost estimations and budget allocations, and unpredictable cost fluctuations create uncertainty and financial challenges for construction companies. Such fluctuations lead to budget constraints, delayed projects, or even cancellations, as companies may hesitate to invest in expensive equipment like truck-mounted concrete pumps. The uncertainty surrounding construction costs makes it difficult for businesses to make long-term investment decisions, challenging the growth of the truck-mounted concrete pump market. Market Segmentations
- The Global Truck Mounted Concrete Pump Market is segmented based on Type, End-Use, and Geography.
- By Type, the market is classified into Truck Mounted Pumps, Stationary Pump, and Specialized Usage Pump.
- The truck-mounted concrete pump segment holds the highest market share due to its high usage in the construction industry because it comprises a distinctive robotic arm that pumps out the liquid directly on the construction site.
- By End-Use, the market is classified into Commercial, Industrial, and Domestic.
- The commercial segment holds the largest market share due to the expansion of industrialization, increasing commercial activities, and the development of smart cities, highways, business parks, shopping malls, etc.
- By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.
- Asia-Pacific holds the largest market share due to the rapid adoption of advanced technology and heavy investments in huge infrastructure in emerging countries, including China and India.
Recent Development
- In Accra, SMT Ghana, the authorized distributor for Volvo Construction Equipment, Volvo Trucks, and Volvo Penta in Ghana, organized a grand event to unveil four new ranges of heavy-duty trucks from Volvo - August 2022.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Company Ab Volvo, Alliance Concrete Pumps Inc., Daimler Truck Ag, Ford Trucks, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Truck Mounted Concrete Pump Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Truck Mounted Concrete Pump Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Truck Mounted Concrete Pump Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
- Excel data sheet for the market size will also be provided with the report.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
- The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
- Market segmentation
- Competitive Analysis: Comparative analysis of competitor
- Historical, current, and projected size of the market based on value and volume
- Market size of the US states
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Truck Mounted Concrete Pump Market, By Type
7 Global Truck Mounted Concrete Pump Market, By End-Use
8 Americas' Truck Mounted Concrete Pump Market
9 Europe's Truck Mounted Concrete Pump Market
10 Middle East and Africa's Truck Mounted Concrete Pump Market
11 APAC's Truck Mounted Concrete Pump Market
12 Competitive Landscape
13 Company Profiles
14 Appendix
Companies Mentioned
- AB Volvo
- AJAX Engineering Pvt. Ltd.
- Alliance Concrete Pumps Inc.
- Caterpillar
- Daimler Truck Ag
- DY Concrete Pump Inc.
- Ford Trucks
- KCP Concrete Pumps Ltd.
- Kyokuto Kaihatsu Kogyo Co.,Ltd.
- Liebherr-International Deutschland GmbH
- Putzmeister Holding GmbH
- Sany Heavy Industry Co., Ltd.
- Scania
- Schwing America Inc.
- Sebhsa
- Sermac Srl
- XCMG Group
- Xuzhou Construction Machinery Co,Ltd.
- Zhejiang Truemax Engineering Co., Ltd.
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
