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Concrete Delivery Efficiency: Market Dynamics to Watch in 2024
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According to The Business Research Company's, The concrete delivery hose market size has grown strongly in recent years. It will grow from $0.71 billion in 2023 to $0.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rapid urbanization, increasing industrial construction, demand for construction materials and equipment, increasing focus on building infrastructure, and increase in urban populations.
The concrete delivery hose market size is expected to see strong growth in the next few years. It will grow to $0.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing government investment in infrastructure projects, increasing construction activities, real estate boom, increasing focus on sustainability and environmental impact, and reconstruction after natural disasters. Major trends in the forecast period include innovations in concrete pumping, innovative low-carbon cement from sublime systems.
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Market Drivers and Trends:
The increasing construction activities are expected to propel the growth of the concrete delivery hose market going forward. Construction activities involve the physical development of buildings, infrastructure, and other structures. The increasing construction activities are due to rapid urbanization, infrastructure development, and a focus on efficiency and accuracy in building projects. Concrete delivery hoses enable precise placement of concrete in hard-to-reach areas, ensuring accurate and controlled pouring that significantly contributes to the efficiency, safety, and quality of construction projects, making them indispensable tools in the industry. For instance, in December 2021, according to the United States Census Bureau, a US-based government agency, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%. Therefore, the increasing construction drives the concrete delivery hose market.
Major companies operating in the concrete delivery hose market are developing innovative products such as Bredel NR Transfer Hose to improve durability and efficiency in concrete transfer operations. Bredel NR Transfer Hose handles a variety of fluids, including water-based liquids, diluted acids and alcohols, lightly corrosive chemicals, and slurries, making it a versatile solution for various industries. For instance, in October 2023, Watson-Marlow, a US-based fluid technology company, launched Bredel NR Transfer Hose. The hose is made from natural rubber, which provides excellent chemical resistance and durability. The hose is designed for long life and low maintenance, with a precision-manufactured hose element that ensures smooth fluid transfer and prevents operator contact with hazardous materials.
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Major Key Players of the Market:
IVG Colbachini SpA, Eaton Corporation, Parker Hannifin Corporation, Liebherr Group, Danfoss Power Solutions Inc., Sany Group, Zoomlion Heavy Industry Science and Technology Co. Ltd., The Briggs Company, Gates Corporation, Putzmeister Holding GmbH, Alfagomma Group, Schwing America Inc., UIP International Inc., McGill Hose & Coupling, Inc., PAR Group, Jason Industrial Inc., Construction Forms Inc., Concord Concrete Pumps Inc., Hebei Orient ADMA Tech Group Co. Ltd., Alliance Concrete Pumps Inc., Seal Fast Inc., Capital Rubber Corporation, CIFA S.p.A., Novaflex Inc.
Concrete Delivery Hose Market 2024 Key Insights:
• The concrete delivery hose market size is expected to see strong growth in the next few years. It will grow to $0.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• The Concrete Delivery Hose Market Is Poised For Growth Driven By the Booming Construction Industry
• Innovative Bredel NR Transfer Hose Enhances Durability And Efficiency In Concrete Transfer Operations
• Asia Pacific was the largest region in the concrete delivery hose market in 2023
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