Press release
Global Concrete Mixer Trucks Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Concrete Mixer Trucks
How Big Is the Concrete Mixer Trucks Market Size Expected to Be by 2034?
The concrete mixer trucks market has grown strongly in recent years. It is expected to grow from $26.51 billion in 2024 to $28.54 billion in 2025, with a CAGR of 7.6%. This growth can be attributed to urban development, population growth, increased construction activities, economic growth, and government initiatives.
The concrete mixer trucks market is projected to reach $38.1 billion by 2029, growing at a CAGR of 7.5%. Growth factors include infrastructure upgrades, stricter regulations, replacement demand, interest in sustainable construction, and urban development. Trends include electric-powered mixers, telematics for real-time monitoring, IoT integration, advanced engine technologies, and improved safety features.
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What Are the Emerging Segments Within the Concrete Mixer Trucks Market?
The concrete mixer trucks market covered in this report is segmented -
1) By Product Type: Front Discharge Concrete Mixer Trucks, Rear Discharge Concrete Mixer Trucks, Other Product Types
2) By Drum Capacity: Under 6m3, 6.1 to 10 m3, 10.1 to 15 m3, 15.1 to 20 m3, Above 20 m3
3) By Propulsion: Gasoline, Other Propulsions
4) By Application: On-site Mixing, Ready-Mix Concrete Delivery
5) By End-Use Industry: Residential Construction, Commercial Construction, Infrastructure Construction
Subsegments:
1) By Front Discharge Concrete Mixer Trucks: Standard Front Discharge Mixers, Articulated Front Discharge Mixers
2) By Rear Discharge Concrete Mixer Trucks: Standard Rear Discharge Mixers, High-Capacity Rear Discharge Mixers
3) By Other Product Types: Trailer-Mounted Concrete Mixers, Mini Concrete Mixer Trucks
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What Long-Term Drivers Are Shaping Concrete Mixer Trucks Market Trends?
The expansion of the construction industry is anticipated to drive the growth of the concrete mixer trucks market. The construction industry is growing due to urbanization, population growth, and infrastructure demands. Concrete mixer trucks are essential for mixing and delivering fresh concrete to sites, ensuring quality and efficiency. According to the U.S. Census Bureau in July 2024, the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Thus, the expanding construction industry is driving the concrete mixer truck market.
Who Are the Top Competitors in Key Concrete Mixer Trucks Market Segments?
Major companies operating in the concrete mixer trucks market are Hyundai Motor Company, Scania AB, China National Heavy Duty Truck Group Co. Ltd., Liebherr-International AG, Dongfeng Motor Corporation, Foton Motor Group Co. Ltd., JAC Motors, Zoomlion Heavy Industry Science & Technology Co. Ltd., SANY Group Co. Ltd., Tere*x Corporation, LiuGong Machinery Corporation, KYB Corporation, ShinMaywa Industries Ltd., Fangyuan Group Co. Ltd., Shanxi Construction Machinery Group Co. Ltd., XCMG Group, Janeoo Machinery Co. Ltd., Hainuo Group Co. Ltd., Linyi Construction Machinery Co. Ltd., Yate Auto Group Co. Ltd., Shandong Rujin Machinery Co. Ltd.
What Are the Major Trends Shaping the Concrete Mixer Trucks Market?
Companies in the concrete mixer trucks market are focusing on electric concrete mixers to reduce emissions and promote sustainability in construction. For instance, in February 2023, Volvo Trucks, a Sweden-based manufacturer, launched the Volvo FMX electric concrete mixer truck, which features a fully electric powertrain, advanced regenerative braking, and efficient mixing technology for construction operations.
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Which Regions Are Becoming Hubs for Concrete Mixer Trucks Market Innovation?
Europe was the largest region in the concrete mixer trucks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concrete mixer trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Concrete Mixer Trucks Market?
2. What is the CAGR expected in the Concrete Mixer Trucks Market?
3. What Are the Key Innovations Transforming the Concrete Mixer Trucks Industry?
4. Which Region Is Leading the Concrete Mixer Trucks Market?
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