Truck Mounted Concrete Pump Market - Global Industry Analysis

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The trucks which have concrete pumps attached to them to transfer liquid are known as truck mounted concrete pumps. They are mainly used in the construction industry, as they pump out huge amounts of concrete in a very less period of time. They are also known as boom pumps and are managed with a robotic arm.

Rising construction sector in various regions of the world is the major factor driving the truck mounted concrete pump market. In the Middle East and Asia, the construction of airports, high-speed rail sites, tunnels are taking place rapidly. For instance, the Grand Egyptian Museum is a construction project in Egypt that costs around USD 795 million. This is expected to contribute toward the development of the tourism sector in the country and create more job opportunities for the locals. More such construction projects are being carried out in the region that is anticipated to accelerate the region’s truck mounted concrete pump market. However, the high cost of machinery might be a restraining factor for the truck mounted concrete pump market in the near future. Alternatively, low-interest rates, the rise in earnings, and significant investments made in construction ventures, both by the government and private sector are likely to provide many lucrative growth opportunities for the players operating in the region’s truck mounted concrete pump market.

The truck mounted concrete pump market is divided on the basis of product type and vertical. The product type segment includes truck mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps. The verticals include industrial, commercial, and domestic sectors. The industrial sector is expected to dominate the global truck mounted concrete pump market in the future. Increase in the demand for construction activities is expected to drive the popularity of the truck mounted concrete pumps in the years to come.

By geography, the global truck mounted concrete pump market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.  The Asia Pacific held the most significant share of the truck mounted concrete pump market in terms of volume in 2017. This can be attributed to the rise in the GDP and the massive economic growth witnessed in the developing regions, such as China and India. The North American truck mounted concrete pump market is likely to witness noteworthy growth in the coming years.

This report covers a detailed competitive outlook of the key participants operating in the global truck mounted concrete pump market, such as Schwing Stetter GmbH, Apollo Inffratech, Concord Concrete Pumps, DY Concrete Pumps, Alliance Concrete Pumps, Junjin, Liebherr Group, Ajax Fiori Engineering, PCP Group, and Putzmeister, among others.