Truck-mounted concrete pumps are generally used in larger construction projects as these are capable of pumping concrete at high volume. In addition, truck mounted concrete pumps also help lower labor costs. These pumps involve a chassis system, power system, control system, hydraulic system, and a pumping system.
Rapid growth in the construction sector in Middle East & North Africa benefitting the truck mounted concrete pump market in the region
Truck mounted concrete pumps are used for the efficient transportation of liquid concrete, especially in the construction industry. Increasing demand for multistory buildings, skyscrapers, and development projects in the Middle East and Africa region is anticipated to drive the truck mounted concrete pump market. Construction of tunnels, airports, seaports, high speed rail sites, and beam fields are also boosting the market for truck mounted concrete pumps. Below are some of the ongoing construction projects in the MENA region that are likely to give a fillip to the MENA truck mounted concrete pump market.
The Grand Egyptian Museum, also known as Giza Museum, is an ongoing construction project in Egypt. The project, which costs around US$ 795 Mn is expected to contribute to development of the tourism industry and creation of more job opportunities. The estimated year of completion of the project is 2022. Iran is planning to construct its second nuclear power plant in the southern port city of Bulshehr. Construction of this project, which costs US$ 8.5 Bn, is likely to commence by 2018. The project is aimed at producing 1057 MW of electricity.
Algeria has started building a giant mosque in 2012. It is anticipated to be one of the largest mosques in the world and will have the world’s tallest minaret. Construction of this project is estimated to cost US$ 1.4 Bn and will be completed in 2018. Morocco has started constructing the Casablanca road network, to be developed with the cost of US$ 316 Mn. The ongoing project work is estimated to be accomplished by 2020.
The Omagine Pearl Project in Oman, costing US$ 2.5 Bn, is scheduled to commence by 2017. The project features seven pearl-shaped buildings. The project is anticipated to create more than 1000 jobs and the date of completion is 2024. Sobha Hartland, a mixed used development project in Dubai, is expected to be completed by 2017. The ongoing project costs US$ 4 Bn. It focuses on villas as well as modern, high-rise apartments.
Qatar has started constructing the proposed venues for the 2022–FIFA World Cup. The first host stadium, Khalifa International Stadium, is estimated to be accomplished by 2017. An approximate cost of the project is US$ 220 Bn.
Analysis of key countries in the MENA truck mounted concrete pump market
The construction sector in Egypt is a major contributor to the nation’s economy and is the country’s fastest growing sector. The existing market trend in Egypt is expected to propel the market for truck-mounted concrete pumps in Egypt during the forecast period. In terms of revenue, Egypt accounted for 15.0% share of the market in Middle East & North Africa in 2015 and was just behind the UAE and Qatar.
The truck-mounted concrete pumps market in Iran is likely to witness a positive trend in the next few years. In terms of revenue, Iran’s truck mounted concrete pump industry is expected to witness steady growth and account for 11.5% share of the market in the region in 2015, expanding at a CAGR of 4.2 during the forecast period.
MENA Truck Mounted Concrete Pump Market: Overview
Truck mounted concrete pump is a construction equipment machine which is used for transporting liquid concrete by pumping. Rising building and construction activities and infrastructure development are the major drivers that drives the growth of truck mounted concrete pump market in the MENA region.
MENA Truck Mounted Concrete Pump Market: Research Methodology
This report analyzes and forecasts the market for truck mounted concrete pump market at the regional level. The market has been forecast based on revenue (US$ Mn) from 2017 to 2024, considering 2016 as the base year. The study includes drivers and restraints of the MENA truck mounted concrete pump market. It also covers impact of these drivers and restraints on demand for truck mounted concrete pump market during the forecast period. The report also highlights opportunities in the truck mounted concrete pump market at the regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the MENA truck mounted concrete pump market. Porter’s Five Forces model for the truck mounted concrete pump market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, where in product type and end-users are benchmarked based on their market size, growth rate, and general attractiveness.
MENA Truck Mounted Concrete Pump Market: Segmentation
The study provides a decisive view of the MENA truck mounted concrete pump market by segmenting it in terms of product type and end-users. In terms of product type truck mounted concrete pump is classified as truck mounted mobile pump, truck mounted static pump, and truck mixer concrete pump. Further segmentation is based on end-users such as industrial, residential and construction. These segments have been analyzed based on present and future trends. Country based segmentation includes current and forecast demand for truck mounted concrete pump coatings in Egypt, Algeria, Iran, Morocco, Oman, UAE and Qatar.
The report provides the actual market size of truck mounted concrete pump for 2016 and estimated market size for 2017 with forecast for the next seven years. The MENA market of truck mounted concrete pump has been provided in terms of revenue. Market revenue has been defined in US$ Mn. Market numbers have been estimated based on product type and end-users of truck mounted concrete pumps. Market size have been provided in terms of country level markets.
MENA Truck Mounted Concrete Pump Market: Competitive Analysis
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, internet sources, magazines and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Construction magazines, and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market. We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
By Product Type
- Truck Mounted Mobile Pump
- Truck Mounted Static Pump
- Truck Mixer Concrete Pump
By End-use Sector