Industry Background:
Concrete Pump Trucks is used to moving liquid concrete by pumping it directly to the construction site. It consists of various configurations with different sizes of up to 50 metres radius are perfectly designed for the cost-effective supply of concrete onto the building site. The Concrete Pump Trucks market has high growth prospects due to high flexibility and low dumping. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on fastest-growing verticals for the construction industry.This growth is primarily driven by Rising Number of Multistoried Buildings and Skyscrapers and Increasing Urbanization and Growing Housing Construction Activities.
Globally, a noticeable market trend is evident Growing Number of Multi-Projects. Major Vendors, such as Junjin (China), Liebherr (Switzerland), Sermac (Italy), Kyokuto Kaihatsu Kogyo (Japan), SANY (China), Zoomlion (China), XCMG (China), LiuGong (China), Co-nele (china), CAMC (United States) and Shantui (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2018, SPAC Industrea acquired concrete pumping holdings Inc. It also strengthen the proposition of existing customer base and offers a robust breadth of services. It also offers concrete environmental waste management solutions.
Utranazz launched a new K960 truck-mounted concrete pump which is ideal for construction, road, infrastructure, ready-mixed concrete, pre-cast, and recycling sectors. This equipment is a unique weighing system, that ensures total accuracy to nearly 2% precision that results in extremely homogenous products.
Market Drivers
- Rising Number of Multistoried Buildings and Skyscrapers
- Increasing Urbanization and Growing Housing Construction Activities
Market Trend
- Growing Number of Multi-Projects
Restraints
- High Equipment Cost Associated with Concrete Pump Trucks
- Use of these Equipment Leads to Accidents
Opportunities
Technological Advancements Such as Operated through Remote Control and Proportional Cabled. and Minimized the Workforce for Construction Activities
Challenges
Skilled Professional Required for Operation and Lack of Awareness in Asia-Pacific Region
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Concrete Pump Trucks Study Sheds Light on
The Concrete Pump Trucks Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Concrete Pump Trucks industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Concrete Pump Trucks industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.