Global Truck-mounted Concrete Pump Market: Overview
The introduction of truck-mounted concrete pumps has significantly change the pace of construction projects over the past few years. A truck that has a pump to dispense large amount of concrete is known as a truck-mounted concrete pump. Innovation of these pumps has brought in tremendous flexibility in the construction sector for the purpose of supplying liquid concrete.
The research report presents a thorough analysis of the global truck-mounted concrete pumps market through its exhaustive publication. It includes an assessment of its segments and explores the possible strengths, weaknesses, opportunities, and threats influencing them. Furthermore, the research report also provides an in-depth understanding of the competitive landscape present in the overall market.
Global Truck-mounted Concrete Pump Market: Drivers and Trends
The demand for truck-mounted concrete pumps has been escalating in large construction projects as they are capable for pumping out large volume of concrete at a time. This feature reduces the need for manual labor, thereby reducing the cost of construction project. Furthermore, the usage of truck-mounted concrete pumps has also reduced the time required for the completion of the project, thereby helping builders generate revenues at a faster pace. These pumps are capable of delivering concrete at various inaccessible construction sites at a faster pace without any impact on the liquid concrete due to the climate.
The construction industry is focused on building multistory structure and skyscrapers, which has led to a high adoption of truck-mounted concrete pumps. The uptake of these pumps is expected to remain steady in the coming years as they are help in completing projects on time and reduce the cost of labor. The various types of truck-mounted concrete pumps available in the global market are stationary pumps, boom pumps, and specialized pumps. Of these, the boom pumps are expected to drive the global market. The increasing number of government-sponsored projects is also likely to fuel the uptake of these pump, thereby boost the overall market during the forecast period.
Global Truck-mounted Concrete Pump Market: Regional Outlook
In terms of geography, the global market is segmented into North America, Western Europe, Eastern Europe, the Middle East and Africa, and Asia Pacific. As of 2015, Asia Pacific held a dominant share in the global market due to the growing construction industry. The exponential rise in the regional population has stirred the demand for housing and other infrastructure. Both of these factors have resulted in a booming construction industry in Asia Pacific, which has significantly fueled the truck-mounted concrete pump market in the region. Emerging economies of India and China are projected to be the key contributors to the Asia Pacific truck-mounted concrete pump market in the near future.
North America and Europe follow this lead as both the regions are trying to revive their construction and infrastructure industry after the economic slowdown. Upgradation of infrastructure and development of several projects is expected to generate a sizeable demand for the truck-mounted concrete pumps market. The market in both these regions is being led by the U.S. and the U.K. respectively.
Key Players Mentioned in the Report are:
Some of the important players operating in the global truck-mounted concrete pump market are Sebhsa, XCMG Group., Aquarius Engineers Pvt Ltd, RTK Engineering Co, Beston (Henan) Machinery Co., Ltd, and Schwing Stetter. However, the report states that Zoomlion Heavy Industry Science & Technology Co., Ltd and SANY GROUP are ahead of the curve in the overall market.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.