Mortar Mixing Equipment Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions

"The Business Research Company recently released a comprehensive report on the Global Mortar Mixing Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Mortar Mixing Equipment Market 2024 Key Insights:

• The Mortar Mixing Equipment Market is expected to grow to $4.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
• Rising Construction Activity Fuels Growth Of The Mortar Mixing Equipment Market
• Mortar Mixing Equipment Market Sees Growth Through Technological Advancements And Automation Initiatives
• North America was the largest region in the mortar mixing equipment market in 2023. The regions covered in the mortar mixing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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