Efficiency and Mobility Drive the Truck Mounted Concrete Mixer Market: Expected to Reach US$ 12.49 billion by 2033

Truck Mounted Concrete Mixer Market

The global truck-mounted concrete mixer market was valued at US$ 7.15 billion in 2022, and the market is forecast to reach US$ 12.49 billion by 2033, expanding steadily at a CAGR of 5.2% from 2023 to 2033. The growth of the market is majorly attributed to the rising demand for housing, commercial, and infrastructure development, which is leading to an increase in construction activities. The growing use of volumetric concrete mixers in the construction industry is also expected to drive the market growth.

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The truck-mounted concrete mixer market is witnessing significant growth due to the increasing demand for efficient and convenient concrete mixing solutions in the construction industry. Truck-mounted concrete mixers offer advantages such as mobility, high productivity, and reduced labor costs, making them a preferred choice for various construction projects. This research report aims to provide a comprehensive analysis of the truck-mounted concrete mixer market, including market trends, drivers, challenges, and key players.

Market Drivers

• Rising Demand for Housing, Commercial, and Infrastructure Development

The construction industry is one of the major contributors to the global economy. The rising demand for housing, commercial, and infrastructure development is driving the growth of the construction industry. This is leading to an increase in the demand for concrete mixers, which are used to mix concrete on-site.

• Growing Use of Volumetric Concrete Mixers

Volumetric concrete mixers are a type of concrete mixer that uses a volumetric pump to dispense concrete. These mixers are becoming increasingly popular in the construction industry due to their ability to dispense concrete accurately and efficiently. Volumetric concrete mixers are also used to dispense concrete in remote or difficult-to-access areas.

Market Restraints

• High Initial Investment Cost

The initial investment cost of a truck mounted concrete mixer is high. This can be a major barrier for small and medium-sized construction companies.

• High Maintenance Cost

Truck mounted concrete mixers require regular maintenance. This can be a major cost for construction companies.

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Competitive Landscape

Important key Players for Truck Mounted Concrete Mixer Market are 

• Liebherr
• AB Volvo
• KYB Corporation
• Liebherr-International AG
• Navister Inc.
• Oshkosh Corporation
• Sany Group
• Schwing Stetter Group
• Sinotruk, Tata Motors
• Zoomlion Heavy Industry Science and Technology Co., Ltd.
• XCMG

Market Segmentation

By Type

• Rear Discharge Concrete Mixer Trucks
• Front Discharge Concrete Mixer Trucks
• Others

By Capacity

• Below 6 cubic meters
• 6 to 10 cubic meters
• Above 10 cubic meters

By Application

• Residential Construction
• Commercial Construction
• Infrastructure Development
• Industrial Utilities

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Market Opportunities

• Growing Demand for Precast Concrete

The demand for precast concrete is growing due to its various advantages, such as speed of construction, durability, and cost-effectiveness. This is expected to create new opportunities for the truck mounted concrete mixer market.

• Increasing Use of Concrete Mixers in Developing Countries

The construction industry in developing countries is growing rapidly. This is due to the increasing urbanization and industrialization in these countries. The growing demand for construction in developing countries is expected to create new opportunities for the truck mounted concrete mixer market.

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