Analysis of the Global Concrete Pumps Market Forecast to 2024 Using The Base Year of 2018
The Infinium Global Research analyzes the Concrete Pumps Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global concrete pumps market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of concrete pumps. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the concrete pumps market during the period. The global concrete pumps market is projected to grow at a CAGR of 6.4% over the forecast period of 2018-2024.
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Increasing Infrastructural Investment is the Key Driving Factor for the Growth of Concrete Pumps Market
A concrete pump is a machine used for transferring liquid concrete by pumping. Concrete pump is particularly important in transforming the construction of large high-rise buildings and structures. It is known as a boom concrete pump because it uses a remote-controlled articulating robotic arm called a boom to place concrete accurately. Boom pumps are used on most of the larger construction projects, as they are capable of pumping at very high volumes of the placing boom.
Increasing infrastructural investment is the key driving factor for the growth of concrete pumps market. Additionally, increasing demand for high capacity concrete pumps are fueling the concrete pumps market. However, high cost of concrete pumps is likely to hamper the adoption of small industries with less capital investment. In addition, increase in concern regarding economic recession are anticipated to delay the infrastructure activities owing to the political instability and insufficient funds.
Furthermore, the growing trend of high-rise buildings, complex design, and mega structure construction have resulted in increased output and improved productive concrete pumps. This in turn have opened several doors of opportunity for the growth of the concrete pumps market over the upcoming years. Moreover, developing economies create significant growth opportunities as the saturation of advanced technological equipment’s are less in some parts of the country.
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Asia Pacific is Expected to Emerge as the Prominent Market for the Concrete Pumps Market
Among the geographies, Asia Pacific is expected to emerge as the prominent market for the concrete pumps market. Additionally, rapid growth in the residential construction and the development of infrastructural facilities in the developing countries such as India and Malaysia are showing a considerable growth in the demand for concrete pumps market. Moreover, Europe and North America are anticipated to drive the global concrete pumps market owing to the high environment consciousness during the near future. On the other hand, rising infrastructure in Middle East and Launch of concrete pumps with advanced technologies in Asia Pacific is estimated to help increase productivity in placement of concrete.
Concrete Pumps Market: Segmentation
The report on global concrete pumps market covers segments such as, product type and end-user. On the basis of product type, the global concrete pumps market is categorized into truck mounted concrete pumps, stationery concrete pumps and specialized concrete pumps. On the basis of end-user, the global concrete pumps market is categorized into industrial, commercial and domestic.
Concrete Pumps Market: Competitive Landscape
The report provides profiles of the companies in the global concrete pumps market such as, KCP Heavy Industries, Apollo Infratech Pvt. Ltd, Fangyuan Group Inc, Concord Concrete Pumps, Alliance Concrete Pumps, Inc., Sany Group, Zoomlion Heavy Machinery Co, Ltd, LIEBHERR Group, SCHWING GmbH and PUTZMEISTER.
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