Press release
Asia Pacific Truck-mounted Concrete Pump Industry Growth Focusing on Trends & Innovations during the Period | Key Players - Sany Group, Liebherr, SCHWING, Zoomlion Heavy Machinery Co. Ltd., PUTZMEISTER, KCP Heavy Industries and XCMG Co. Ltd
Asia Pacific Truck-mounted Concrete Pump Industry
Asia Pacific Truck-mounted Concrete Pump Industry has increased substantially in recent years and the trend is expected to continue in the coming years. Infrastructure developments and major construction activities to meet the needs of a growing population, particularly in Asia-Pacific and the Middle East, are fuelling the demand for truck-mounted concrete pumps around the world. However, the heavy dependence on the construction of political and economic factors could hamper the growth of this market to some extent in the coming years.
Asia Pacific Truck-mounted Concrete Pump Industry was valued at USD xx billion in 2017. The market is expected to grow at a compound annual growth rate of xx% between 2017 and 2022 to reach USD XX billion by 2022.
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Drivers and Restraints:
The industrial, residential and commercial sectors are the three main final users of concrete pumps mounted on trucks around the world. In 2016, the residential sector became the first end user of these pumps with a share of more than 40%. The segment is expected to continue to dominate in the coming years, driven by the increase in construction activity and the growing demand for municipal projects, particularly in emerging economies.
On the other hand, the commercial sector should grow faster than the other two segments in the coming years. It is expected that the upward trend in urbanization and the progress of the retail industry will contribute significantly to the growing demand for truck-mounted concrete pumps in the commercial sector in the coming years.
Geographic Segmentation:
Geographically, Asia-Pacific dominated the Asia Pacific Truck-mounted Concrete Pump Industry in 2016, with a market share of over 55%. With the growth of construction activities and new commercial and industrial projects, it is expected that the truck-mounted concrete pump market in Asia-Pacific will maintain its position in the coming years.
At China is expected to become the dominant market for truck-mounted concrete pumps in Asia-Pacific in the near future. Other than China, India is expected to experience a strong increase in demand for these pumps due to the government's increasing focus on infrastructure developments in the Tier 1 and 2 cities in the coming years.
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Key Players of Asia Pacific Truck-mounted Concrete Pump Industry:
Asia Pacific Truck-mounted Concrete Pump Industry is highly consolidated in nature. Sany Group, Liebherr, SCHWING, Zoomlion Heavy Machinery Co. Ltd., PUTZMEISTER, KCP Heavy Industries, XCMG Co. Ltd., Concord Concrete Pumps, Anhui Hualing Automobile Group Co Ltd., Fangyuan Group Inc., Shantui Construction Machinery Co. Ltd., and Alliance Concrete Pumps Inc. are some of the key manufacturers of truck mounted concrete pumps across the world.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.
The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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