Truck-Mounted Concrete Pump Market expected to show steady growth by 2021

Zion Market Research published new report on 'Truck-Mounted Concrete Pump Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021' in it's database

Trucks on which concrete pumps are attached for the purpose of transferring the liquid concrete by pumping are known as truck-mounted concrete pumps. These types of pumps are mostly used for larger construction projects since they are capable of pumping concrete at very high volumes in less time. The other advantage of using truck-mounted concrete pumps is that they are cost-effective as they save labor cost. These types of pumps demand steel or flexible concrete placing hoses to be attached manually to the outlet of the machine in order to transfer concrete. Truck-mounted pumps are also known as boom pumps. They are managed by a remote-controlled articulating robotic arm in order to place the concrete precisely at the construction site.

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Increasing construction activities and new development projects have resulted in demand for truck-mounted concrete pumps from the construction companies. Urbanization in the developing countries has also increased construction activities. This in turn has increased the demand for these pumps. In addition, latest trend of multistory buildings and skyscrapers has attracted construction companies to opt for truck-mounted concrete pumps in order to accomplish projects in time and reduce the labor cost.

The global truck-mounted concrete pump market is segmented as boom pumps, stationary pumps, and specialized pumps. On the basis of arms present, the global market is further segmented as 4 arms, 5 arms, and 6 arms pumps. Based on the type, the global market is further segmented as short boom (below 28 m), middle boom (28 m to 47 m), and long boom pumps (48 m to 62 m). Geographically, the global truck-mounted concrete pump market is segmented as North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.

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Asia Pacific the leading player in the global truck-mounted concrete pump market. This trend is followed by North America and Europe. Continual growth of the construction sector in developing countries such as India, China, and Japan has positively impacted the growth of the market in Asia Pacific region. In addition, projects related to the development in countries such as China, India, and Japan are also anticipated to foster the demand for truck-mounted concrete pumps in future.

Some of the major players dominating the global truck-mounted concrete pump market include SANY Group, Aquarius Engineers Pvt. Ltd., Zoomlion, Junjin, XCMG Group, Fangyuan Group, Sermac, LiuGong, Beston (Henan) Machinery Co., Ltd., Shantui, Co-nele, CAMC, and Hongdashandong. Other key players influencing the global market are Liebherr, Kyokuto Kaihatsu Kogyo, Linuo, RTK Engineering Co., Schwing Stetter, and Sebhsa.

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