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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Concrete Pumps Market Size
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.
Concrete Pumps Market Report Snapshots
Concrete Pumps Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 4,082.04 million in 2023.
The market is further assessed to grow at a CAGR of 5.4% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 6,553.03 million by 2032.
The key types are stationary concrete pumps, truck mounted concrete pumps, and specialised concrete pumps.
The key regional markets for concrete pumps are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The industry verticals considered in the market report include commercial, domestic, and industrial.
The factors driving the market are the expanding construction sector, growing technological advancements, and labour shortages that favour the use of concrete pumps.
The key players in the market include Sany Group, Liebherr Group, Ajax Engineering Pvt. Ltd, Concord Concrete Pumps Inc, 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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