Press release
Future of the Mortar Mixing Equipment Market: Trends, Innovations, and Key Forecasts Through 2034
Mortar Mixing Equipment Market
Mortar Mixing Equipment Market Size Growth Forecast: What to Expect by 2025?
The market size for mortar mixing equipment has witnessed significant growth lately. It is projected to increase from $3.56 billion in 2024 to $3.78 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.0%. Factors like the growth of the construction industry, infrastructural development, urbanisation trends, environmental rules, and material innovation can be credited for the historical growth.
How Will the Mortar Mixing Equipment Market Size Evolve and Grow by 2029?
Expectations are high for the mortar mixing equipment market as it is predicted to experience a sizable growth period in the coming years. The projected value is set to ascend to $5.01 billion by 2029, characterized by a compound annual growth rate (CAGR) of 7.3%. This anticipated growth within the forecast period is predominantly attributable to factors such as investments in R&D, market consolidation and acquisitions, an emphasis on safety features, the growing popularity of prefabricated construction, and the ongoing residential construction boom. Moreover, major trends channeling the growth trajectory during the forecast period comprise an increased focus on durability and longevity, specialized customizations for unique applications, user-friendly interfaces, compatibility with advanced materials, and the incorporation of automation and robotics.
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What Drivers Are Propelling the Growth of Mortar Mixing Equipment Market Forward?
The anticipated increase in construction practices is predicted to boost the advancement of the mortar mixing equipment market. The term construction encompasses the creation of various structures such as homes, industrial factories, highways, and bridges. Equipment designed to mix mortar plays a crucial role in the construction industry, contributing to the development of a range of structures from foundations to commercial properties. This invaluable equipment enhances productivity across all building sites. As an illustration, data from the National Association of Home Builders (NAHB), a US-based trade organization, revealed that in February 2024, the total expenditure towards construction activities in the United States was approximately $650 billion in 2021, this figure rose substantially to $800 billion in 2022. Hence, escalating construction activities are paving the way for the expansion of the mortar mixing equipment market.
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What Are the Key Trends Driving Mortar Mixing Equipment Market Growth?
Leading firms in the mortar mixing equipment market are intensifying their focus on technology and automation advancements to enhance their revenue generation. The reference to automation in mortar mixing equipment is in regard to utilizing technology for automating the mixing process of cement pastes and mortar. For instance, in January 2022, a U.S.-based company, Holcombe Mixers, introduced their next-generation G2 volumetric concrete mixer. This new mixer comprises an Intellicrete control system, a WaterSmart moisture control system, and an InsightFlow cement feed. It ensures that the admixtures and additives are dispensed consistently with the concrete production rate, leading to superior quality concrete. Additionally, it comes with features like mix design programming, on-screen calibration, pre-pour checklists, and pre-pouring guidelines to ensure mix precision and safety.
What Are the Key Segments in the Mortar Mixing Equipment Market?
The mortar mixing equipmentmarket 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
Subsegments:
1) By Twin Shaft Mixer: Continuous Twin Shaft Mixer, Batch Twin Shaft Mixer
2) By Diesel Mixer: Portable Diesel Mixer, Stationary Diesel Mixer
3) By Drum Rotating Mixer: Vertical Drum Mixer, Horizontal Drum Mixer
4) By Tilting Mixer: Manual Tilting Mixer, Electric Tilting Mixer
5) By Non-Tilting Mixer: Gravity Non-Tilting Mixer, Fixed Non-Tilting Mixer
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Who Are the Key Players Shaping the Mortar Mixing Equipment Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Mortar Mixing Equipment Market?
North America was the largest region in the mortar mixing equipment market in 2024. 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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