The Global Concrete Pumps Market to grow from USD 3,585.59 Million in 2019 to USD 4,715.85 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 4.67%.
Market Segmentation & Coverage:
The research report categorizes the Concrete Pumps Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Product, the Concrete Pumps Market studied across Specialized Concrete Pumps, Stationery Concrete Pumps, and Truck Mounted Concrete Pumps.
Based on End User, the Concrete Pumps Market studied across Commercial, Domestic, and Industrial.
Based on Geography, the Concrete Pumps Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
The factors attributing to the growth of the market are growing construction activities due to rapid industrialization and urbanization, increasing construction of high-rise buildings and structures, and use of ready-mixed concrete and the ease of using concrete pump. However, some factors such as limited adoption by small industries with less capital due to high cost of concrete pumps and development in precast concrete element technology may hinder the market growth. The Concrete Pumps Market expected to showcase the opportunities such as potential demand of advanced equipment form emerging economies and surge in demand for high-capacity concrete pumps and boom pumps. Soon market may face the possible challenges in the growth due to concern about economic recession and unforeseen political scenario across the globe. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Concrete Pumps Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Concrete Pumps Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Concrete Pumps Market, including Alliance Concrete Pumps, Inc., Apollo Infratech Pvt. Ltd, Concord Concrete Pumps, Fangyuan Group Inc, KCP Heavy Industries, Liebherr Group, Putzmeister, Sany Group, Schwing Gmbh, and Zoomlion Heavy Machinery Co, Ltd.