Press release
Mortar Mixing Equipment Global Market with a CAGR of 7.6%, Top Players, Size, Share, Market Worth, Trends By 2028
Mortar Mixing Equipment Market
The Business Research Company presents an extensive market research report on the Mortar Mixing Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The mortar mixing equipment market size has grown strongly in recent years. It will grow from $3.28 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to construction industry growth, infrastructure development, urbanization trends, environmental regulation, material innovation..
The mortar mixing equipment market size is expected to see strong growth in the next few years. It will grow to $4.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to r&d investments, market consolidation and acquisitions, focus on safety features, rise of prefabricated construction, residential construction boom.. Major trends in the forecast period include emphasis on durability and longevity, customization for specific applications, user-friendly interfaces, advanced material compatibility, automation and robotics..
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Key Market Players:
Sany Heavy Industry Co. Ltd., Sika AG, Zoomlion Heavy Industry Science & Technology Co. Ltd., The Toro Co., HB Fuller, Forbo Flooring B.V., Quick Mix Beton L.L.C., Multiquip Inc., IMER Group, Dryvit Systems Inc., Bartell Machinery Limited, MBW Inc., Allen Engineering Corp., Stone Construction Equipment Inc., Arcen Tech Private Limited, Belle Group, Knauf BV, EZG Manufacturing, Crown Construction Equipment, Aimix Group Co. Ltd., Quikspray Inc., Collomix GmbH, Lino Sella, Pemat Mischtechnik GmbH, Ruby Tools Pvt. Ltd., Zimmerman Industries Inc., Qingdao Xinxing Construction Machinery Co. Ltd, Mizar Técnicas de Mezclado S.L., Qinhuangdao PUDA Electronics Co. Ltd., Zhengzhou MG Industrial Co. Ltd are prominent players in the industry.
Market Drivers:
The rising construction activity is expected to propel the growth of the mortar mixing equipment market going forward. Construction refers to constructing structures like homes, factories, highways, and bridges. Equipment for mixing mortar is used in construction to create various structures, including foundations and other commercial buildings. This mixing equipment is necessary for all construction sites and can increase productivity in the building industry. For instance, in June 2021, according to a report published by Canada's national statistical agency, the investment in building construction increased from $14294 million in April 2019 to $19273 million in 2020. Moreover, as per the 2022 U.S. Development Cost Trends report, residential development is also on the rise, with total construction spending in the U.S. climbing by 16%. Therefore, rising construction activities are driving the growth of the mortar mixing equipment market.
More information about the Global Mortar Mixing Equipment Market Report -
https://www.thebusinessresearchcompany.com/report/mortar-mixing-equipment-global-market-report
Market Segments Include:
1) By Type: Twin Shaft Mixer, Diesel Mixer, Drum Rotating Mixer, Tilting Mixer, Non-Tilting Mixer
2) By Application: Tile Adhesive, Water-Proofing Slurry, Concrete, Insulation, Other Applications
3) By End Use Industry: Industrial Construction, Residential Construction, Commercial Construction
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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