Cement Mixer Market Size is Projected to reach US$ 17.3 Billion by 2028, Industry CAGR 3.26 | IMARC Group

The latest report published by IMARC Group, titled "Cement Mixer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Year considered to estimate the market size:

Base year of the analysis: 2022
Historical period: 2017-2022
Forecast period: 2023-2028

The global cement mixer market size reached US$ 14.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.26% during 2023-2028. A cement mixer is an equipment that homogeneously mixes cement, aggregate sand or gravel, and water to form concrete. Cement is a crucial component of construction, which is made by grinding together a mixture of clay and limestone and is widely used across the globe. A concrete mixer consists of a revolving drum and blade to mix the components and is available in a number of types and sizes. It helps save time and reduces the formation of cement lumps, which is why it is witnessing a significant demand across the globe. The cement mixers are available in batch and continuous in the market.

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Cement Mixer Market Trends:

The rising construction of commercial and residential sectors across the globe represents one of the primary factors bolstering the market growth. The increasing trend of equipment leasing and rental across smaller firms has surged the sales of cement mixers, which is another growth-inducing factor. Additionally, the governments of various nations are heavily investing in the development of smart cities and public infrastructure development, which is providing considerable trust to the market growth. The burgeoning global population and rapid industrialization and urbanization are creating a positive outlook for the market. Besides this, the growing demand for cost-effective cement mixers has compelled the key market players to develop new generation cement mixers with smooth handling, higher payload, and low cleaning costs, which is boosting the market growth.

Cement Mixer Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the cement mixer market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Caterpillar
Liebherr-International AG
SANY GROUP
Sinotruk Hong Kong Ltd
Akona Engineering Pvt. Ltd
Henan Sanq Group Machinery Co., Ltd
Lino Sella World,
Shantui Construction Machinery Co., Ltd
Zoomlion Heavy Industry Science & Technology Co., Ltd

Key Market Segmentation:

The report has segmented the cement mixer market on the basis of product type, end user and region.

Breakup by Product Type:

Diesel Mixer
Drum Rotating Mixer
Twin Shaft Mixer
Tilting Mixer
Non-Tilting Mixer

Breakup by End User:

Industrial
Residential
Commercial

Breakup by Region:

Europe
Asia-Pacific
North America
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Country: United States

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.