Concrete Pumps Market to Reach $4.9 Billion by 2027
The global concrete pumps market is projected to reach $4.9 billion by 2027, according to a new report from Allied Market Research. The report reveals that the concrete pumps market size was valued at $3,800.0 million in 2019 and is expected to grow at a CAGR of 4.0% from 2020 to 2027.
Concrete pumps are machines used to transfer liquid concrete from one place to another. They are commonly used in the construction industry to pump concrete to high-rise buildings, bridges, tunnels, and other large infrastructure projects. Concrete pumps come in different types, including truck-mounted, stationary, and specialized concrete pumps.
Truck-mounted Concrete Pumps
Truck-mounted concrete pumps are the most commonly used type of concrete pump in the construction industry. These pumps are mounted on trucks and can be easily transported from one worksite to another. They are ideal for projects that require a high volume of concrete and where access to the site is limited.
Stationary Concrete Pumps
Stationary concrete pumps are fixed in place and are used for projects that require a high volume of concrete to be delivered to a specific location. They are commonly used in large construction projects such as dams, tunnels, and bridges. Stationary concrete pumps are also used in precast concrete production facilities.
Specialized Concrete Pumps
Specialized concrete pumps are designed for specific applications such as tunnel construction, underground mining, and shotcrete. These pumps are used to pump concrete in small spaces where access is limited.
Construction Industry
The growth of the concrete pumps market is directly linked to the growth of the construction industry. The construction industry has been growing steadily over the past few years, driven by the increasing demand for infrastructure projects such as roads, bridges, and buildings. The use of concrete pumps has become essential in the construction industry to improve productivity and efficiency.
In conclusion, the global concrete pumps market is projected to grow at a steady rate over the next few years, driven by the increasing demand from the construction industry. Truck-mounted, stationary, and specialized concrete pumps are expected to be in high demand, especially in large construction projects that require high volumes of concrete to be delivered to specific locations. Companies in the construction industry will need to invest in the latest concrete pump technology to remain competitive and meet the growing demand for infrastructure projects.