Press release
Global Truck-mounted Concrete Pump Market Expected to Register at a CAGR of 5.80% by 2023, Key players-SANY Group, Aquarius Engineers Pvt. Ltd., Zoomlion, Junjin, XCMG Group, Fangyuan Group, Sermac, LiuGong, Beston (Henan) Machinery Co., Ltd., Shantui, Co
Global Truck-mounted Concrete Pump Market
According to our research report, the size of the Global Truck-mounted Pump Market was valued at USD 2.65 Billion in 2016 and it is expected to witness a CAGR of 5.80% during the forecast period.
Global Truck-mounted Concrete Pump Market Overview:
Concrete pump mounted on a truck is mainly used for large construction projects because they are capable of pumping concrete at very high volumes in less time. The other advantage of using concrete pumps mounted on trucks is that they are economical because they save labor costs. These types of pumps require that the steel tube or flexible concrete be manually connected to the outlet of the machine to transfer the concrete. Truck mounted pumps are also known as boom pumps. They are managed by an articulated arm of remotely controlled robot to place the concrete accurately on the site.
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Global Truck-mounted Concrete Pump Market Drivers and Restraints:
The increase in construction activity and new development projects have led to the demand of concrete pump construction companies on board. Urbanization in developing countries has also increased construction activity. This, in turn, has increased the demand for these pumps. In addition, the latest trend in multi-story buildings and skyscrapers has led construction companies to opt for concrete pumps mounted on trucks to complete projects on time and reduce labor costs.
Global Truck-mounted Concrete Pump Market -Segmentation:
The global market for concrete pumps on board consists of boom pumps, stationary pumps and special pumps. Based on available weapons, the global market is also segmented into 4-arm, 5-arm, and 6-arm pumps. Based on this type, the global market is still segmented into short (less than 28m), medium (28-47m) and long (48-62m) pumps.
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Global Truck-mounted Concrete Pump Market Geographic Segmentation:
Geographically, the global market for truck-mounted concrete pumps is segmented in North America, Asia-Pacific, Europe, the Middle East and Africa, and Latin America. The Asia-Pacific region is the main player in the world market of truck mounted concrete pumps. This trend is followed by North America and Europe. Continued growth in the construction sector in developing countries such as India, China and Japan have had a positive impact on market growth in the Asia-Pacific region. In addition, projects related to development in countries such as China, India and Japan are expected to increase the demand for truck-mounted concrete pumps in the future.
Key players Reported in this Global Truck-mounted Concrete Pump Market Report are:
SANY Group, Aquarius Engineers Pvt. Ltd., Zoomlion, Junjin, XCMG Group, Fangyuan Group, Sermac, LiuGong, Beston (Henan) Machinery Co., Ltd., Shantui, Co-nele, CAMC, and Hongdashandong. Other key players influencing the global market are Liebherr, Kyokuto Kaihatsu Kogyo, Linuo, RTK Engineering Co., Schwing Stetter, and Sebhsa.
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Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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