Australia Concrete Pump Market Report and Forecast 2024-2032

Australia Concrete Pump Market Outlook

The Australia concrete pump market reached approximately USD 118.13 million in 2023. The market is projected to grow at a CAGR of 3.1% between 2024 and 2032, reaching a value of around USD 154.94 million by 2032.

Key Takeaways

• Australia is experiencing a significant trend of urbanization. According to Australia State of the Environment 2021, as of June 30, 2020, population exceeded 25.6 million, with over 76% residing in major urban centres (defined as those exceeding 100,000 inhabitants). This highlights a growing concentration of Australians in cities.

• The 2023-24 Federal Budget prioritizes strengthening Australia's vital USD 90 billion infrastructure pipeline. This focus extends to urban areas, with a comprehensive agenda dedicated to enhancing the liveability and sustainability of Australian cities and suburbs.

• According to Australia Bureau of Statistics, Australia's construction sector exhibited modest growth in the December quarter (2023). Total construction work done increased by 0.7%, driven primarily by a 2.7% rise in engineering work. This segment also boasts a significant year-on-year increase of 15.0%. Building work, however, experienced a slight decline of 1.1% in the quarter, but remains 3.6% higher compared to December quarter (2022).

Rise in social commerce and growth of online channels in Australia creates significant opportunities for Australia concrete pump market

Increased investments in both healthcare and infrastructure are expected to be a key driver of growth in the Australia concrete pump market. These expenditures will stimulate overall economic activity, leading to a rise in new construction projects. As a result, the demand for concrete pumps, which are essential equipment for efficient and large-scale concrete placement, is anticipated to experience significant growth.

Driven by rising healthcare expenditures, the healthcare sector is poised for significant investments in infrastructure development. This includes the construction of new hospitals and medical facilities, which necessitate rapid and high-quality building methods. Advancements in concrete pump technology are ideally placed to address this growing demand by offering efficient and reliable solutions for these projects.

Australian concrete pump manufacturers are innovating with new products and collaborating with dealers to address evolving needs. Strategic partnerships with infrastructure contractors are also being formed. Further, in order to meet the evolving user preferences, manufacturers are investing in cutting-edge technology to build robust and energy-efficient concrete pump.

In March 2022, Putzmeister Oceania acquired CPE Machinery, a leading Australian distributor of concrete pumping equipment. This acquisition signifies CPE Machinery's transition into Putzmeister Oceania, a subsidiary focused on serving the Oceania region. The move strengthens Putzmeister's presence in the market and leverages CPE Machinery's established expertise.

Market Segmentation

Australia Concrete Pump Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Specialized Concrete Pump

• Mobile Concrete Pump

• Static Concrete Pump

Market Breakup by End Use

• Residential

• Commercial

• Industrial

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia concrete pump market key players are Liebherr-Australia Pty. Ltd., Putzmeister Oceania Pty. Ltd., Equipcon Pty. Ltd., Callaghan Concrete Pumps Pty. Ltd., Schwing GmbH, and W WIN Engineering Pty. Ltd., among others.

Key Highlights of the Report