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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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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