What is Concrete Machinery Market?
A concrete machinery machine is used in the construction industry and can be made available in several technical specifications. It is available in various types such as concrete pump trucks, grading stations, cement silo, among others. The rise in the construction industry contributes to the continual growth of the concrete machinery market. For instance, it is found that in United States private construction spending reached more than USD 992 billion in 2018. Hence, rising demand from the construction industry will affect the growth of the market in the future.
The market study is being classified by Type (Concrete Pump Truck, Grading Station, Cement Silo and Others) and major geographies with country level break-up.
XCMG Group (China), Zoomlion (China), Sany Heavy Industry Co., Ltd. (China), Shantui Construction Machinery Co., Ltd (China), Shanghai HuaJian (China), LiuGong Machinery Co., Ltd (China), Bsh-Sonthofen (Germany), Carmix (Italy), Luoyang CIMC Linyu Automobile Co.,Ltd. (China), Eckon (India) and Sriperumbudur (Germany) are some of the key players profiled in the study.
Research Analyst at AMA predicts that China Manufacturers will contribute to the maximum growth of Global Concrete Machinery market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Concrete Machinery market by Type, Application and Region.
On the basis of geography, the market of Concrete Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage of Concrete Machinery in Various Application
- Rising Demand from Construction Industry
Market Trend
- Technology Advancement regarding Concrete Machinery
Restraints
- Stringent Rules as well as Regulation
Opportunities
- Growing Demand from Emerging Market such as China and India
Challenges
- Issue related to High cost of Maintenance
In 2016, Vibrant Company has expanded its product range to concrete machinery. Hence, it will affect the growth of the market in the future.
Key Target Audience
Concrete Machinery Manufacturers, Downstream Stakeholders, Government Regulatory Authorities and Others