Truck Mounted Concrete Pump Market – Snapshot
The concrete pump plays an important role in construction activities. It is utilized to transfer liquid concrete by pumping it from one place to another. There are different types of truck mounted concrete pumps such as boom or truck mounted pump, trailer, line or stationary pump and specialized usage pumps. Boom or truck mounted concrete pump dominates the market, and it is likely to maintain its dominance during the forecast period.
The boom or truck mounted concrete pump offers flexibility during working and a remote-controlled robotic arm is employed, which is known as boom, for placing the concrete accurately at the construction site. It is generally used in large construction projects and has a capacity to pump high volume of concrete rapidly. It also reduces the need of labor due to its multitasking robotic arm.
According to the report, the global truck mounted concrete pump market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of 8.57% between 2018 and 2026.
Prominent players operating in the global truck mounted concrete pump market include CONCORD CONCRETE PUMPS INTERNATIONAL LTD, Junjin, Kyokuto Kaihatsu Kogyo Co.,Ltd., Liebherr, Liugong Machinery Co., Ltd., Putzmeister Concrete Machines Pvt. Ltd, SANY GROUP, SCHWING Stetter, Sermac Srl, Shantui Construction Machinery co.,Ltd., XCMG Group, and Zoomlion Heavy Industry Science&Technology Co., Ltd.
Truck mounted concrete pump has been gaining popularity in construction industry due to its advantages such as precise transfer of liquid concrete, computer control robotic arm, requirement of less manpower, and high volume transferring capacity is minimum time with perfection.
Adoption of advanced construction machinery in order to achieve quality in minimum time, shortage of skilled labor, and short time period are likely to use truck mounted concrete pump in construction industry. Furthermore, reliable operation with long service life at minimum operational cost, efficient operation through innovative pumps, and sturdy body are prompting operators to prefer truck mounted pumps for better quality in pouring concrete at higher accuracy.
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Expansion of the construction industry across the globe is anticipated to drive the truck mounted concrete pump market during the forecast period. Better business conditions for the construction industry across the globe, especially in developing countries, owing to decline in interest rates, residential home construction projects, long-term development projects such as dam construction, highway road constructions, development of business parks, rapid urbanization and growth in industrialization are likely to positively impact the construction industry. This in turn is anticipated to drive the truck mounted concrete pump market during the forecast period.
The global truck mounted concrete pump market has been segmented as follows:
- Global Truck Mounted Concrete Pump Market, by Type
- Boom or truck mounted pump
- Trailer, line, or stationary pump
- Specialized usage pump
- Global Truck Mounted Concrete Pump Market, by End-use
- Global Truck Mounted Concrete Pump Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America