Report Explores the Global Concrete Pumps Market Size, Demand, Growth, Analysis and Forecast to 2024
The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Concrete Pumps Market are KCP Heavy Industries, Apollo Infratech Pvt. Ltd, Fangyuan Group Inc, Concord Concrete Pumps, Alliance Concrete Pumps, Inc., Sany Group, Zoomlion Heavy Machinery Co, Ltd, LIEBHERR Group, SCHWING GmbH, and PUTZMEISTER.
Increasing Infrastructural Investment to Promote Growth in Concrete Pumps Market Over 2018-2024
Increasing demand for high capacity concrete pumps is fueling the concrete pumps market. However, the high cost of concrete pumps is likely to hamper the adoption of small industries with less capital investment. In addition, an increase in concern regarding economic recession is anticipated to delay the infrastructure activities owing to the political instability and insufficient funds.
Furthermore, the growing trend of high-rise buildings, complex design, and megastructure construction have resulted in increased output and improved productive concrete pumps. This, in turn, has opened several doors of opportunity for the growth of the concrete pumps market over the upcoming years. Moreover, developing economies create significant growth opportunities as the saturation of advanced technological equipment’s are less in some parts of the country.
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Asia Pacific region to contribute to growth in the global Concrete Pumps market over the next 6 years
Among the geographies, Asia Pacific is expected to emerge as the prominent market for the concrete pumps market. Additionally, rapid growth in the residential construction and the development of infrastructural facilities in developing countries such as India and Malaysia are showing considerable growth in the demand for concrete pumps market. Moreover, Europe and North America are anticipated to drive the global concrete pumps market owing to the high environmental consciousness during the near future. On the other hand, rising infrastructure in the Middle East and Launch of concrete pumps with advanced technologies in the Asia Pacific is estimated to help increase productivity in the placement of concrete.
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New product development to drive the growth in the Concrete Pumps market
The prominent players profiled in the concrete pumps market are Sany Group, Zoomlion Heavy Machinery Co, Ltd., LIEBHERR Group, and PUTZMEISTER.
PUTZMEISTER introduced the latest concrete pump technologies such as free flow hydraulics and highly wear resistant steel components. Hence, the launch of this technology helped to increase the productivity in the placement of concrete. Furthermore, the development of innovative products and efficient aftersales services helps the vendors to gain a competitive edge over the competitors.
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