Global Concrete Mixer Market to Reach Valuation of US$ 4.82 Bn by 2027: Industry Probe

February 20, 2020, Domain: Industrial Goods Machinery & Services

According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Concrete Mixer Market (Product: Fixed [Batch Mixers {Drum Types Mixer (Tilting drum Mixers, Non-tilting Drum Mixer, and Reversing Drum Mixer), Pan Type Mixer), Continuous Mixers) and Portable (Batch Mixers (Drum Types Mixer(Tilting drum Mixers, Non-tilting Drum Mixer, and Reversing Drum Mixer), Pan Type Mixer), Continuous Mixers)); Power Source: Diesel Operated and Electric Operated; Drum Capacity: less than 200 liters, 201 - 450 liter, 451 - 750 liter, More than 750 liters; Operation Mode: Manual, Semi-automatic, and Automatic; End Use: Heavy and Civil Engineering (Bridge, Road, Railways, Airports, and Others)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’, the global concrete mixer market is expected to reach US$ 4.82  Bn by 2027 and expand at a CAGR of 5.8 % from 2019 to 2027.

Overview

  • The global concrete mixer market was valued at US$ 94 Bn in 2018 and is expected to expand at a CAGR of 5.8% from 2019 to 2027

  • Asia Pacific region is expected to hold a major market share and grow at a steady rate during the forecast period. The Asia Pacific is likely to be the most attractive market for concrete mixers during the forecast period due to rapid industrialization and infrastructure development.

Driving Factors

  • The rising popularity of automatic concrete mixer is one of the major factors that have a positive impact on the growth of the global concrete mixer market

  • Moreover, an increase in construction activities is anticipated to boost the demand for concrete mixer employed in high-investment commercial and residential projects

  • Others factors such as an increase in rising government spending on infrastructure development, demographic change, increase in government initiatives in developing infrastructure, and increased industrialization and urbanization are expected to accelerate the growth of the concrete mixer during the forecast period

Key Challenges

  • However, the concrete mixer market may be affected due to the rising cost of land. In countries such as India, the government has to pay twice the price of land in urban areas and four times the price in rural areas. Similar laws are implemented in all countries with different names. This expected to hamper the market growth during the forecast period.

Market Preference

  • In terms of product, the portable concrete mixer segment is expected to hold a major market share and grow at the fastest rate during the forecast period. As compared to fixed concrete mixer, portable concrete mixer is most preferred among different end-use. As the portable concrete mixer is easy to move from one place to another, less noisy, and cost-effective, fewer maintenances required, and others. All this feature is expected to increase the demand for portable concrete mixer in the country during the forecast period.

  • Under the power source segment, the diesel operated segment is expected to hold major market share and expand at a high rate during the forecast period

  • In terms of drum capacity segment, the more than 750-liter segment is expected to hold a major market share and grow at the fastest rate during the forecast period

  • Among operation modes, the semi-automatic segment is expected to hold a major market share and in terms of CAGR automatic segment is expected to grow at the fastest rate during the forecast period.

  • In terms of end-use, the heavy and civil engineering segment is expected to hold a major market share and expected to grow at the fastest rate during the forecast period

  • The Asia Pacific is expected to hold a major market share of the global concrete mixer market, followed by Europe and North America. In the Asia Pacific region, China holds the largest market for concrete mixers in the Asia Pacific followed by India in 2018.

Competition Landscape

  • The report includes the below-mentioned pointers of major players operating in the concrete mixer market:

    • Competition Matrix

    • Company Overview

    • Market Share Analysis (2018)

    • Product Innovation

    • Business Strategies/Recent Developments

      • Technological advancements

      • Key mergers and acquisitions

      • Expansion strategies

    • Company Financials

Major Players Covered under the Scope Include

  • Caterpillar Inc.

  • Liebherr-International AG

  • Sany Group Co., Ltd.

  • Terex Corporation

  • Crown Construction Equipment

  • Multiquip Inc.

  • Zhengzhou great wall machinery manufacture co., ltd.

  • Lino Sella World

  • Fangyuan Group Co. Ltd.

  • Ammann Group

Research Scope/ Market Taxonomy

Concrete Mixer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027

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