Mobile Concrete Mixer Market 2021-2030: Growth Analysis and Future Trends to Reach $ 11,812.2 Million

Government increases in infrastructure spending, improved productivity with reduced raw material wastage, and enhanced mobility of concrete mixtures have propelled the expansion of the global mobile concrete mixer market. Anticipated demand for energy-efficient and environmentally friendly mixers is poised to present lucrative prospects for market participants in the foreseeable future.

Certain construction sites necessitate freshly mixed concrete to minimize wastage, thereby reducing construction costs incurred due to material wastage. Consequently, mobile concrete mixers are deployed to produce concrete onsite utilizing materials such as sand, cement, water, gravel, and occasionally binding agents. The concrete is then dispensed through outlet nozzles positioned either at the front or rear of the truck or trailer, depending on the design.

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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.

Key drivers of market growth include substantial government investments, particularly in developing nations, for the construction of new infrastructures such as roads, dams, tunnels, residential and commercial buildings, and other public facilities. Additionally, the ability to transport concrete efficiently to remote areas with inadequate road infrastructure or limited site access drives market expansion.

Reduced concrete wastage translates to cost savings for construction projects and contributes to conservation of natural resources. Nonetheless, the relatively high cost of mobile concrete mixers and the requirement for regular maintenance pose challenges to market growth.

As industries regain momentum and advancements like electrically operated drums and engines are introduced, opportunities for environmentally sustainable solutions emerge, fostering growth in the mobile concrete mixer market during the forecast period.

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Top Players:

The major players profiled in the mobile concrete mixers market include AB Volvo, KYB Corporation, Liebherr-International AG, Navister Inc., Oshkosh Corporation, Sany Group, Schwing Stetter Group, Sinotruk, Tata Motors and Zoomlion Heavy Industry Science and Technology Co., Ltd. Major companies in the market have adopted strategies such as business expansion and partnership to offer better products and services to customers in the mobile concrete mixers market.

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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