Truck Mounted Concrete Pump Market Size, Share, Growth Report 2032

Industry Prospective:

The global truck mounted concrete pump market was worth around USD 5326.9 million in 2021 and is estimated to grow to about USD 8221 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.5 percent over the forecast period. The report analyzes the truck mounted concrete pump market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the truck mounted concrete pump market.

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Truck Mounted Concrete Pump Market: Overview

Truck mounted concrete pumps have gained massive impetus over the recent years and this trend is anticipated to be prominent over the forecast period. Truck mounted concrete pumps have seen a rise in adoption as technological proliferation has increased and demand for efficient construction solutions also saw an upward trend over past years.

Truck mounted concrete pumps enable efficiency and have proven their productivity in multiple construction activities and is expected to be a major factoring propelling truck mounted concrete pumps market growth through 2028. Increasing construction activity across the world owing to rising urbanization and industrialization is expected to majorly boost truck mounted concrete pumps market potential over the forecast period.

Fluctuations in constructions costs due to changing raw material prices are expected to have a restraining effect on the global truck mounted concrete pumps marketplace. This factor is extremely hard to manage for truck mounted concrete pumps market players

COVID-19 Impact:

The COVID-19 pandemic led to an extremely negative impact on the demand outlook for truck mounted concrete pumps market in the year 2020. In order to contain the spread of coronavirus infections, multiple nations across the world implemented lockdowns that adversely affected businesses on a global scale and had a major negative impact on the world economy as multiple markets toppled.

Lockdowns restricted the demand and supply chains which led to a shortage of raw materials and hampered the construction industry on a global scale. Lack of skilled labor and restrictions on outdoor activities were major factors that negatively impacted the truck mounted concrete pumps market scope.

However, increasing construction activity in the post-pandemic era is expected to drive truck mounted concrete pumps market potential. As the world returns to normal in the post-pandemic era the market is expected to make a steady comeback through 2028.

Truck Mounted Concrete Pump Market: Growth Drivers

Increasing Construction Activity to Boost Truck mounted concrete pumps Market growth

The world has a substantial increase in construction activity on a global scale owing to increasing population and increasing industrialization and urbanization at a rapid pace. These factors have majorly boosted the construction activities on a global scale and are majorly responsible for driving truck mounted concrete pumps market growth over the forecast period. Emerging economies such as India, China, Brazil, etc. are anticipated to be leading the demand for truck mounted concrete pumps through 2028.

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Truck Mounted Concrete Pump Market: Restraints

Changing costs of construction materials to Restrain Market

Construction activity is largely influenced by prices of raw materials and products used for construction and these are dependent on multiple economic factors that keep changing and fluctuating hence the cost of construction is also on a volatile trend. This factor is expected to act as a major constraint to the global truck mounted concrete pumps market growth over the forecast period.

Global Truck Mounted Concrete Pump Market: Segmentation

The global truck mounted concrete pump market is segregated based on type, industrial vertical, and region.

By Type, the market is divided into truck-mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps. The truck mounted concrete pumps segment is anticipated to hold a dominant stance in the market owing to rising adoption in multiple industries and rapid advancements in truck mounted concrete pumps market technology.

By Industrial vertical, the truck mounted concrete pump market is segmented into industrial, commercial, and domestic. Increasing industrialization on a global scale is expected to boost the demand for truck mounted concrete pumps in the industrial sector and rapid urbanization is expected to aid the domestic segment. Both the segments are expected to see brigh growth over the forecast period and offer lucrative opportunities for truck mounted concrete pumps companies.  

Report Scope:

Recent Developments

• In March 2022 – China Machine a leading name in the construction machinery industry announced that its revenue is expected to boost this year and also had announced plans to launch electric vehicles and electric truck mounted concrete pumps this year to boost sustainability trends in the construction industry.

Regional Landscape

Asia Pacific region leads the global truck mounted concrete pump market in terms of revenue and volume share and is anticipated to maintain this dominant stance over the forecast period. Increasing infrastructural activity in multiple countries in this region is expected to be a major trend in this region. Increasing investments in construction activity and adoption of advanced technologies are expected to be major factors impacting truck mounted concrete pumps market potential through 2028. Emerging economies like China and India are projected to be at the forefront of the truck mounted concrete pumps market growth in this region.

The market for truck mounted concrete pumps in North America is expected to have a bright outlook and this is expected to be driven by rising construction activity in the residential and commercial sectors. The presence of key truck mounted concrete pumps companies and the highly lucrative real estate sector are expected to be major trends influencing the truck mounted concrete pumps market growth through 2028.

Competitive Landscape

Some of the main competitors dominating the global truck mounted concrete pump market include - Ajax Fiori Engineering, Alliance Concrete Pumps, Concord Concrete Pumps, DY Concrete Pumps, Junjin, Liebherr, PCP Group, Sany, Schwing Stetter, and Sebhsa.

Global truck mounted concrete pump market is segmented as follows:

By Type

• Truck-Mounted Concrete Pumps
• Stationary Concrete Pumps
• Specialized Concrete Pumps

By Industrial vertical

• Industrial
• Commercial
• Domestic

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa