Global Concrete Pumps Market Report and Forecast 2024-2032

Global Concrete Pumps Market Outlook

The global concrete pumps market size was around USD 4,082.04 million in 2023. The market is further assessed to grow at a CAGR of 5.4% during 2024-2032 to reach a value of USD 6,553.03 million by 2032.

Key Takeaways

• In 2022, the top exporters of concrete pumps were South Korea, Germany, China, Turkey, and Italy.

• Concrete boom pumps are increasingly being adopted in infrastructure projects such as hydro, airports, metros, flyovers, and bridges.

• The increased adoption of ready-mix concrete is contributing to the greater requirement for concrete pumps.

Concrete pumps have become indispensable in the expanding construction sector due to the growing demand for improved productivity, accuracy, and quality of construction work.

There is a growing utilisation of concrete pumps at construction sites with closed quarters; restricted areas with limited accessibility; areas where concrete pouring speed can be increased; and sites where minimum labour is available.

With the growing focus on reducing overall costs and driving sustainability in construction applications, the popularity of electric concrete pumps is increasing.

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Table: Largest Construction Market in 2030 (% of total in 2023 USD Bn average exchange rates)

Key Trends and Developments

Growing technological advancements; growing urbanisation; and the presence of labour shortages are the major factors impacting the concrete pumps market growth

Oct 4, 2023

Putzmeister announced the launch of the BSA 1407 D Classic, further expanding its stationary concrete pump lineup.

Oct 28, 2022

Putzmeister (a subsidiary of Sany Group) and Deutz launched its electric concrete pump, PUTZMEISTER BSA 1005 iONTRON.

Oct 26, 2022

CIFA expanded its portfolio by launching a new truck-mounted concrete pump, K56L truck., designed for large distribution area.

Jan 21, 2022

Liebherr Group introduced the smallest truck-mounted concrete city pump, THP 80-LP, which is versatile and compact and designed for the North American market.

Labour shortages supporting the use of concrete pumps

Labour shortage in the construction sector supports the demand for concrete pumps as they reduce the sector’s dependence on manpower. Additionally, the need for lower labour reduces site congestion, as well as labour costs.

Technological advancements and innovations

Technological advancements and rapid digitalisation are aiding in integrating IoT in concrete pumps to enhance their mechanisation, aid in predictive maintenance, and boost their functionality, such as manoeuvrability.

Rising urbanisation stimulating the construction market growth

Urbanisation and industrialisation globally are stimulating the growth of the construction sector to meet the demand for housing and commercial spaces, especially in developing countries like India and South Africa.

Concrete Pumps Market Trends

Infrastructural development is crucial to support trade and aid in the economic development of countries. As governments globally are re-evaluating the condition and resilience of their critical infrastructure, investments are rising in the construction of high-speed railways, tunnels, bridges, and highways to build robust transportation infrastructure. This poses a favourable market opportunity for use of concrete pumps to increase the efficiency of construction projects and lower project completion times.

Rising urbanisation and industrialisation have surged the development of new construction projects to meet the needs of housing and commercial establishments. Concrete pumps have been significantly used in residential and commercial construction to efficiently place concrete at the construction site at a faster rate.

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Market Segmentation

“Global Concrete Pumps Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Stationary Concrete Pumps

• Truck Mounted Concrete Pumps

• Specialised Concrete Pumps

Market Breakup by Industry Vertical

• Commercial

• Domestic

• Industrial

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Based on type, stationary concrete pumps dominate the global concrete pumps market share

Stationary concrete pumps with long pipelines are frequently utilised in construction projects, including foundations, residential slabs, tunnel work, and high-rise development projects, that require long pipelines for efficient concrete placement.

Truck-mounted concrete pumps are usually deployed for large construction projects, such as major road and highway projects, to shorten their completion time. The innovative hydraulic systems of truck-mounted concrete pumps enable them to pump concrete at high and low pressure in the direction the boom navigates.

Based on industry vertical, the commercial sector accounts for a significant share of the global concrete pumps market

The requirement for concrete pumps is likely to increase amid rising investments in the construction and renovation of commercial buildings. For instance, in October 2022, the US government announced an investment of nearly USD 110 million to build, renovate, and modernise healthcare facilities in rural towns in the country.

Meanwhile, governments are investing to provide affordable housing to the vulnerable population. In October 2022, the Queensland government increased the Housing Investment Fund (HIF) to USD 2 billion to support the commencement of 5,600 social and affordable houses across Queensland by June 30, 2027. Such developments are expected to support the use of concrete pumps to reduce labour costs.

Competitive Landscape

Manufacturers are focusing on integrating advanced technologies and are investing in research and development to meet evolving customer requirements.

Sany Group

Headquartered in China, Sany Group is a leading end equipment manufacturer, having expertise in the field of construction and mining equipment port machinery, oil drilling machinery, and renewable wind systems.

Liebherr Group

Based in Switzerland, Liebherr Group is a family-run multinational technology company, providing products for refrigeration and freezing, construction machines, mining, mobile and crawler cranes, etc.

Ajax Engineering Pvt. Ltd

A privately owned company based in India, Ajax provides self-loading concrete mixers, transit mixers, batching plants, pavers, dumpers, concrete pumps, etc.

Concord Concrete Pumps Inc

Founded in 1999, Concord Concrete Pumps Inc is a leading concrete pump company, offering a wide range of cost-effective machinery solutions for concrete pumping applications.

Other notable players operating in the global concrete pumps market are SCHWING GmbH / Stetter GmbH, Zoomlion Heavy Industry Science and Technology Co. Ltd., DY Concrete Pumps Inc., and Junjin Construction & Robot Co., Ltd., among others.

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Concrete Pumps Market Analysis by Region

In recent years, Chinese manufacturers have firmly controlled the worldwide market for concrete equipment, with the demand for some of its products reaching the international level. The technological developments by the domestic players such as the boom vibration damping, intelligence and greening, and lightweight, have been aiding the concrete pumps market.

Concrete pumps have gained traction in North America, primarily due to the effect of increased demand for housing establishments in the region. Cities in the USA, such as Denver and Colorado, have witnessed an increased housing demand as the residential areas are tightly packed and offer less area to work on. Concrete pumps are considered effective equipment for pouring concrete on smaller spaces.

Concrete pumping is widely acknowledged as the top-tier option for concrete placement services in South Africa, delivering exceptional quality, with concrete pumps maintaining a reputation as the preferred equipment in the field.

Key Highlights of the Report

Concrete Pumps Market Report Snapshots

Concrete Pumps Market Size

Concrete Pumps Market Trends

Concrete Pumps Companies

Concrete Pumps Market Regional Analysis