Mobile Concrete Mixer Market is Booming Worldwide by 2030 | Players Sinotruk, KYB Corporation, Sany

Certain construction sites necessitate the use of freshly prepared concrete to minimize wastage and reduce construction costs. As a result of this demand, mobile concrete mixers are employed to produce concrete on-site using raw materials such as sand, cement, water, gravel, and sometimes binding agents. The concrete is then dispensed through outlet nozzles positioned on the front or rear of trucks or trailers, depending on the design.

The primary drivers of the mobile concrete mixer market include significant government investments, particularly in developing nations, aimed at building new infrastructure such as roads, dams, tunnels, residential and commercial buildings, and other public facilities.

Additionally, the ease of transporting concrete to remote areas with poorly developed roads or inaccessible construction sites contributes to the growth of the mobile concrete mixer market.

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The mobile concrete mixer market size was valued at $6,755.0 million in 2020, and is expected to reach $ 11,812.2 million by 2030, registering a CAGR of 5.6% from 2021 to 2030.

Furthermore, reducing concrete wastage not only saves construction costs but also conserves natural resources. Nonetheless, the slightly higher cost of mobile concrete mixers and the need for regular maintenance to ensure smooth operation act as constraints on market growth. Moreover, the outbreak of COVID-19 caused disruptions in construction and manufacturing activities worldwide, leading to a halt in logistics services and hindering the growth of the mobile concrete mixer market.

Nevertheless, industries are gradually recovering, aided by vaccine discoveries, which has revived the mobile concrete mixer market. Conversely, the introduction of advanced trucks with electrically operated drums and engines presents a significant opportunity for market growth during the forecast period, as it contributes to environmental conservation.

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Key Market Segments -

By Capacity
Less than 6 m³
6-10 m³
Above 10 m³

By Product Type
Standard
Volumetric

By Chassis Type
Truck
Trailer

Top Players:
Schwing Stetter Group, Sinotruk, KYB Corporation, Sany Group, Tata Motors, Navistar Inc., Liebherr-International AG, Zoomlion Heavy Industry Science and Technology Co., Ltd., Oshkosh Corporation, AB Volvo

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Key Findings of The Study:

By capacity, the 6-10 m³ segment was the highest revenue contributor in 2020.
By product type, the standard segment generated the highest revenue in 2020.
By chassis type, the truck segment generated the highest revenue in 2020.
By region, Asia-Pacific generated the highest revenue in 2020.

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