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Mortar Mixing Equipment Global Market Report 2024 - By Share, Size, Industry Trends, Forecast To 2033
Mortar Mixing Equipment Market
As per the report, 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 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%.
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Rising Construction Activity Fuels Growth Of The Mortar Mixing Equipment Market
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.
Mortar Mixing Equipment Market Sees Growth Through Technological Advancements And Automation Initiatives
Major companies operating in the mortar mixing equipment market are increasing their focus on advancements in technology and automation to maximize their revenues. Automation in mortar mixing equipment refers to using technology to automate the process of mixing cement pastes and mortar. For instance, in January 2022, Holcombe Mixers, a US-based machinery company, launched the next-generation G2 volumetric concrete mixer. The next-generation G2 volumetric concrete mixer includes an Intellicrete control system, a WaterSmart moisture control system, and an InsightFlow cement feed. Its intellicrete control system ensures that admixtures and additives are used in a manner that is consistent with the rate of concrete production, resulting in higher-quality concrete. It also has pre-pour checklists, on-screen calibration, mix design programming, and pre-pouring instructions to guarantee mix accuracy and safety.
The mortar mixing equipment market covered in this report is segmented -
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
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Major companies operating in the mortar mixing equipment market report are 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
Contents of the report:
1. Executive Summary
2. Mortar Mixing Equipment Market Report Structure
3. Mortar Mixing Equipment Market Trends And Strategies
4. Mortar Mixing Equipment Market - Macro Economic Scenario
5. Mortar Mixing Equipment Market Size And Growth
…..
27. Mortar Mixing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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