MARKET OVERVIEW
Concrete pumps are the equipment and machinery used to transfer liquid concrete from a mixing truck to the location where it is needed. Concrete pumps are commonly used in construction, infrastructure development, and industrial applications. They help to reduce labor costs, increase efficiency, and improve the speed and quality of concrete placement. With the increasing demand for construction and infrastructure development, the Concrete pumps market is expected to experience significant growth in the coming years. The high cost of concrete pumps and the need for skilled operators are key restraints in developing the concrete pump market.
MARKET SCOPE
The "Global Concrete pumps Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the concrete pumps market with detailed market segmentation by product type, end-user, and geography. The report provides key statistics on the market status of the leading concrete pumps market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global concrete pumps market is segmented based on product type, and end-user.
- Based on product type, the Concrete pumps market is segmented as truck mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps.
- Based on end user the Concrete pumps market is segmented as residential, commercial, and industrial.
MARKET DYNAMICS
Drivers:
- Increasing the construction activity in the emerging nations.
Restraints:
- Volatile economic condition in Latin America.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The concrete pumps market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the concrete pumps market in these regions.
IMPACT OF COVID-19 ON CONCRETE PUMPS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the concrete pumps market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Concrete pumps market are anticipated to lucrative growth opportunities in the future with the rising demand for Concrete pumps market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the concrete pumps market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ajax Engineering Pvt. Ltd.
- Alliance Concrete Pumps, Inc.
- Apollo Infratech Pvt. Ltd
- Concord Concrete Pumps
- DY Concrete Pumps Inc.
- KCP Heavy Industries
- LIEBHERR Group
- Putzmeister Concrete Machines Pvt. Ltd.
- Sany Group
- SCHWING GmbH