The Europe concrete pumps market is projected to grow significantly, reaching approximately US$ 1.23 billion by 2031, up from US$ 863.31 million in 2023, with a compound annual growth rate (CAGR) of 4.6% during the forecast period.
The oil and gas sector is also evolving, with European nations striving to lessen their reliance on Russian energy and focusing on domestic production and renewable sources. This shift is driving infrastructure projects in the oil and gas industry, including power plants, refineries, and gas stations, which in turn fuels demand for concrete pumps. For example, Germany's Federal Government has announced major infrastructure initiatives for 2024, such as the Stuttgart 21 Railway Project and the Frankfurt Airport Terminal 3, which are expected to enhance the concrete pumps market.
Reasons to Buy
Executive Summary and Market Analysis
The market is divided into several key regions, including France, Germany, Italy, Russia, the UK, and the Rest of Europe. Despite facing challenges such as high inflation and geopolitical tensions, particularly due to the Russia-Ukraine conflict, the construction and manufacturing sectors in Europe have shown resilience. While residential construction has seen sluggish growth due to elevated interest rates and reduced disposable income, the commercial and industrial segments are thriving, bolstered by increased government investment.The oil and gas sector is also evolving, with European nations striving to lessen their reliance on Russian energy and focusing on domestic production and renewable sources. This shift is driving infrastructure projects in the oil and gas industry, including power plants, refineries, and gas stations, which in turn fuels demand for concrete pumps. For example, Germany's Federal Government has announced major infrastructure initiatives for 2024, such as the Stuttgart 21 Railway Project and the Frankfurt Airport Terminal 3, which are expected to enhance the concrete pumps market.
Market Segmentation Analysis
The Europe concrete pumps market can be analyzed through various segments:
- Type: The market is categorized into boom pumps, line pumps, and specialized pumps, with boom pumps holding the largest market share in 2023.
- Reach: Segmented into categories of less than 29 m, 30 to 44 m, 45 to 59 m, and over 60 m, the 30 to 44 m category dominated the market in 2023.
- End User: The market is divided into commercial, residential, and industrial sectors, with the commercial sector leading in market share.
- Power Capacity: This segment includes over 76 KW, 46-75 KW, and 30-45 KW, with the over 76 KW category being the largest in 2023.
Market Outlook
The construction industry has been grappling with labor shortages globally. Reports indicate that labor shortages in Europe have tripled since 2013, with significant unfilled positions in countries like the Netherlands and Spain. In Germany alone, around 52,000 construction vacancies were reported in 2023. This labor shortage has prompted construction firms to adopt machinery and equipment to enhance productivity and efficiency. Concrete pumps are increasingly utilized to address these challenges, as they not only improve operational efficiency but also minimize material waste. They require less water, leading to better concrete quality and reduced defects. Moreover, concrete pumps facilitate faster and more accurate concrete placement, which shortens construction timelines and boosts profitability.Country Insights
The UK stands out as the largest market for concrete pumps in Europe. The UK construction sector is robust, with new construction output reaching a record US$ 130 billion in 2022, a 16% increase from the previous year. Residential construction accounted for over 42% of this output. The government has also ramped up infrastructure investments, which reached US$ 19 billion in 2023, marking a 3.9% increase from 2022. This includes funding for various sectors such as transport, energy, and water infrastructure. With ongoing investments and a strong demand for residential projects, the UK is expected to see a continued rise in concrete pump demand.Company Profiles
Key players in the Europe concrete pumps market include Alliance Concrete Pumps Inc., Concord Concrete Pumps Inc., DY Concrete Pumps Inc., Zoomlion Heavy Industry Science and Technology Co Ltd, XCMG Construction Machinery Co Ltd, Sany Heavy Industry Co Ltd, Liebherr-International AG, AJAX Engineering Limited, BETONSTAR, Sebhsa, Putzmeister America, Inc., CIFA S.p.A., KCP Concrete Pumps Ltd., Sermac Srl, and LUTON Group. These companies are focusing on strategies such as market expansion, product innovation, and mergers and acquisitions to enhance their offerings and increase market share.Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe concrete pumps market.
- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe concrete pumps market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe concrete pumps market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Europe Concrete Pumps Market Landscape
5. Europe Concrete Pumps Market - Key Market Dynamics
6. Europe Concrete Pumps Market - Analysis
7. Europe Concrete Pumps Market Analysis - by Type
8. Europe Concrete Pumps Market Analysis - by Reach
9. Europe Concrete Pumps Market Analysis - by End-user
10. Europe Concrete Pumps Market Analysis - by Power Capacity
11. Europe Concrete Pumps Market - Country Analysis
12. Competitive Landscape
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Europe Concrete Pumps Market include:
- Alliance Concrete Pumps Inc.
- Concord Concrete Pumps Inc
- DY Concrete Pumps Inc
- Zoomlion Heavy Industry Science and Technology Co Ltd
- XCMG Construction Machinery Co Ltd
- Sany Heavy Industry Co Ltd
- Liebherr-International AG
- AJAX Engineering Limited
- BETONSTAR
- Sebhsa
- Putzmeister America, Inc.
- CIFA S.p.A.
- KCP Concrete Pumps Ltd.
- Sermac Srl
- LUTON Group
