Concrete Pumps Market Growing at a CAGR of 4.0% from 2020 to 2027 | by Type, Industrial Verticals

Concrete pump is important in revolutionizing the construction of high-rise buildings and structures. The placement of concrete in inaccessible areas has necessitated the use of pumps in the current construction process. Especially with the growth of ready-mixed concrete across the world, the need for pumping has increased manifold. While the ease of pumping depends on the type of pump available, the distance over which the concrete is to be pumped and the properties of the concrete, along with a number of finer aspects, can affect the operation.

According to a new report published by Allied Market Research, titled, “Concrete Pumps Market by Type and Industrial Vertical: Opportunity Analysis and Industry Forecast, 2020–2027,” the global concrete pumps market size was valued at $3.8 billion in 2019, and is projected to reach $4.8 billion by 2027, registering a CAGR of 4.0% from 2020 to 2027.

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The concrete pumps market has witnessed significant growth over the past decade, owing to rise in investment in various industrial verticals such as construction and infrastructure. A number of players are expanding their business to strengthen their foothold in the global market.

By type, the truck-mounted concrete pumps segment dominated the concrete pumps market in 2019, in terms of revenue. This is attributed to the fact that the demand for truck-mounted concrete pumps is increasing, due to rise in spending in the construction industry.

Moreover, depending on industrial verticals, the domestic segment is expected to grow at a higher CAGR during the forecast period, owing to rise in number of residential construction projects across the globe.

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Key Players

The key players profiled in the concrete pumps market report include Ajax Fiori Engineering, Alliance Concrete Pumps, Concord Concrete Pumps, DY Concrete Pumps, Junjin, Liebherr, PCP Group, Sany, Schwing Stetter, and Sebhsa.

Key Benefits For Stakeholders

The report provides an extensive analysis of the current and emerging concrete pumps market trends and dynamics.

In-depth market analysis is conducted by constructing estimations for the key segments between 2019 and 2027.

Extensive concrete pumps market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.

The global concrete pumps market forecast analysis from 2020 to 2027 is included in the report.

The key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the concrete pumps market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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