The Global Concrete Pump Market Had A Value Of USD 4.31 Billion In 2023 And Is Expected To Reach USD 6.03 Billion By 2032, With A Projected Compound Annual Growth Rate (CAGR) Of Approximately 3.8% Over The Forecast Period From 2023 To 2032.
Concrete Pump Market Overview
Concrete pumps have revolutionized the construction of high-rise buildings and other structures. These pumps play a crucial role in placing concrete in hard-to-reach areas, making them indispensable in modern construction projects. The demand for concrete pumping has surged, especially with the global proliferation of ready-mixed concrete. Several factors, including the distance concrete needs to be pumped, the concrete’s properties, and various logistical details, influence the efficiency of concrete pumping. The type of pump used also plays a significant role in determining how smoothly the concrete can be pumped. One of the key drivers of the global demand for concrete pumps is the increase in infrastructure spending. Other notable factors fueling demand, particularly in developing regions, include rapid urbanization and lifestyle improvements worldwide. Additionally, the rising demand for high-capacity concrete pumps is expected to be a significant trend contributing to the market’s growth during the forecast period.
Market Drivers
The increasing demand for high-rise structures, driven by rapid urbanization and the growth of metropolises, has significantly boosted the development prospects of the global concrete pump market. These pumps efficiently and easily deliver concrete mixes to remote locations with steep inclines, making them an essential asset at construction sites and enhancing market growth. For example, in 2019, ANAROCK Property Consultants reported that 52% of the 1,816 housing projects in India’s top 7 cities were high-rise structures with 20 or more floors, indicating a growing demand for concrete pumps on the global market.
Restraints
The potential failure of concrete pumps can be catastrophic at construction sites, leading to work stoppages and the wastage of ready-mix concrete. Such failures can pose risks to construction workers and even completed buildings. Although regular maintenance and repairs can mitigate these risks, the possibility of a significant breakdown remains. Many real estate developers still prefer traditional concrete transportation methods due to concerns about the consequences of a major breakdown, limiting the adoption and sales of concrete pumps across various regions.
Market Segmentation
The global concrete pump market is segmented based on type and end user.
- Type:
- Truck-Mounted Concrete Pumps
- Stationary Concrete Pumps
- Specialized Concrete Pumps
Among these, the truck-mounted concrete pumps category led the market in 2021 and is expected to maintain its dominance throughout the forecast period. The substantial production of these pumps and the introduction of advanced truck-mounted models are key factors contributing to their global market leadership. Truck-mounted pumps are likely to see increased use during the forecast period due to their ability to facilitate faster concrete pouring, maintain high precision, and achieve accurate concrete placement. Furthermore, the development of truck-mounted concrete pumps with flexible concrete laying hose attachments, enabling access to challenging areas in tall buildings, is expected to gain significant traction in the market. Customers in this segment are also likely to show interest in innovative truck-mounted pumps from well-established companies and major international market competitors.
- End Users:
- Industrial
- Commercial
- Domestic
The commercial segment dominated the market in 2021, primarily due to commercial real estate developers investing in concrete pumps. The residential segment has a smaller market share as most residential and industrial enterprises prefer to rent concrete pumping services rather than purchasing complete systems. Commercial pump owners looking to enter the rental market are also expanding their fleets.
Concrete Pump Market: Regional Landscape
In 2022, the Asia Pacific region dominated the concrete pump market. The growth is closely linked to the rapid development of high-rise structures and advanced infrastructure projects in major cities across the region. To address labor shortages and promote faster and more cost-effective construction processes, many developers are adopting technology-driven infrastructure development. India is expected to experience the fastest growth, driven by the development of high-end infrastructure and smart cities that encourage the construction of skyscrapers. Data from Anarock Property Consultants indicates that there are currently 734 high-rise projects under construction in the Mumbai Metropolitan Region (MMR), accounting for 72% of all planned infrastructure projects in the land-constrained metropolis.
Concrete Pump Market: Competitive Landscape
Prominent competitors in the global concrete pump market include Concord Concrete Pumps, LIEBHERR Group, Ajax Fiori Engineering, PUTZMEISTER, Sany Group, PCP Group, Apollo Infratech Pvt. Ltd., SCHWING GmbH, Zoomlion Heavy Machinery Co, Ltd., and Alliance Concrete Pumps Inc.
COVID-19 Impact
The labor-intensive construction and infrastructure development sector in various regions of the world experienced significant disruptions due to COVID-19. Strict regulations and lockdowns halted ongoing construction projects, leading to a sudden downturn in the construction market. The surge in COVID-19 cases in different parts of the world also dampened investor confidence, reducing cash liquidity and exacerbating the crisis. Supply chain disruptions and complete breakdowns in the construction industry added to the challenges faced by the market.
Recent Developments
In November 2020, German company Putzmeister made substantial investments in Research and Development (R&D) projects to introduce cutting-edge pumping solutions. In collaboration with its parent company, Sany Heavy Industries, Putzmeister announced its plans to launch a new line of concrete pumps expected to be among the best in their class, attracting a wide range of customers.
Global Concrete Pump Market Segmentation:
Concrete Pump Market by Type Outlook (Revenue, USD Million, 2018 – 2032):
- Truck-Mounted Concrete Pumps
- Stationary Concrete Pumps
- Specialized Concrete Pumps
Concrete Pump Market by End User Outlook (Revenue, USD Million, 2018 – 2032):
- Industrial
- Commercial
- Domestic
Concrete Pump Market by Region Outlook (Revenue, USD Million, 2018 – 2032):
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Concrete Pump Market Report Scope
|
| Report Attribute |
Details |
| Market Size Value in 2022 |
USD 4.15 billion |
| Revenue Forecast in 2032 |
USD 6.03 billion |
| Growth Rate |
CAGR of 3.8 % from 2023 to 2032 |
| Base Year for Estimation |
2022 |
| Historical Data |
2018 – 2022 |
| Forecast Years |
2023 – 2032 |
| Quantitative Units |
Revenue in USD million and CAGR from 2023 to 2032 |
| Report Coverage |
Revenue forecast, company ranking, Trends
competitive landscape, and growth factors |
| Segments Covered |
Type, End User, and Region |
| Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others |
| Key Companies Profiled |
Concord Concrete Pumps, LIEBHERR Group, Ajax Fiori Engineering, PUTZMEISTER, Sany Group, PCP Group, Apollo Infratech Pvt. Ltd., SCHWING GmbH, Zoomlion Heavy Machinery Co, Ltd., and Alliance Concrete Pumps Inc. |
Table of Content
Concrete Pump Market Size, Share, Growth, and Forecast Report
Chapter 1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Type
1.4.2. End User
Chapter 2. Concrete Pump Market Overview
2.1. Introduction
2.2. Analysis by Type, 2018-2032 (US$ Billion)
2.3. Analysis by End User, 2018-2032 (US$ Billion)
2.4. Market Analysis by Region, 2018-2032 (US$ Billion)
Chapter 3. Concrete Pump Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Types
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Type
3.6.2. End User
3.6.3. Region
3.7. Value Chain Analysis
Chapter 4. Concrete Pump Market Competition Analysis
4.1. Concrete Pump Market Share Analysis by Company, 2019 – 2022
4.1.1. Top 3 Players, 2019 – 2022
4.1.2. Top 6 Players, 2019 – 2022
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
Chapter 5. Global Concrete Pump Market Analysis by Type and End User, 2018-2032 (US$ Billion)
5.1. Type
5.1.1. Global Concrete Pump Market Share, by Type, 2022 and 2032
5.1.2. Global Concrete Pump Market Revenue, by Type, 2018-2032 (USD Billion)
5.1.3. By Truck-Mounted Market Analysis 2018-2032 (US$ Billion)
5.1.4. By Stationary Market Analysis 2018-2032 (US$ Billion)
5.1.5. By Specialized Market Analysis 2018-2032 (US$ Billion)
5.2. End User
5.2.1. Market Share, by End User, 2022 and 2032
5.2.2. Market Revenue, by End User, 2018-2032 (US$ Billion)
5.2.3. By Industrial Market Analysis 2018-2032 (US$ Billion)
5.2.4. By Commercial Market Analysis 2018-2032 (US$ Billion)
5.2.5. By Domestic Market Analysis 2018-2032 (US$ Billion)
Chapter 6. Global Concrete Pump Market Type Analysis by Region, 2018-2032 (US$ Billion)
6.1. Truck-Mounted Market Analysis 2018-2032 (US$ Billion)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Stationary Market Analysis 2018-2032 (US$ Billion)
6.3. Specialized Market Analysis 2018-2032 (US$ Billion)
Chapter 7. Global Concrete Pump Market End User Analysis by Region, 2018-2032 (US$ Billion)
7.1. Industrial Market Analysis 2018-2032 (US$ Billion)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. Commercial Market Analysis 2018-2032 (US$ Billion)
7.3. Domestic Market Analysis 2018-2032 (US$ Billion)
Chapter 8. Concrete Pump Market Analysis by Geography, 2018-2032 (US$ Billion)
8.1. North America Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.1.1. U.S. Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.1.1.1. Type
8.1.1.2. End User
8.1.2. Canada Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.1.3. Mexico Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.2. Europe Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.2.1. UK Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.2.1.1. Type
8.2.1.2. End User
8.2.2. France Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.2.3. Germany Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.2.4. Spain Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.2.5. Russia Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.2.6. Italy Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.2.7. Rest of Europe Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3. Asia Pacific Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3.1. China Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3.1.1. Type
8.3.1.2. End User
8.3.2. Japan Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3.3. South Korea Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3.4. India Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3.5. Australia Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3.6. Southeast Asia Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3.7. Taiwan Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.3.8. Rest of Asia Pacific Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.4. Latin America Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.4.1. Brazil Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.4.1.1. Type
8.4.1.2. End User
8.4.2. Argentina Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.4.3. Rest of Latin America Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.5. Middle East Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.5.1. Israel Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.5.1.1. Type
8.5.1.2. End User
8.5.2. Turkey Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.5.3. Saudi Arabia Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.5.4. UAE Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.5.5. Rest of the Middle East Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.6. Africa Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.6.1. Egypt Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.6.1.1. Type
8.6.1.2. End User
8.6.2. South Africa Concrete Pump Market Analysis 2018-2032 (US$ Billion)
8.6.3. Rest of Africa Concrete Pump Market Analysis 2018-2032 (US$ Billion)
Chapter 9. Company Profiles
9.1. Concord Concrete Pumps
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. LIEBHERR Group
9.3. Ajax Fiori Engineering
9.4. PUTZMEISTER
9.5. Sany Group PCP Group
9.6. Apollo Infratech Pvt. Ltd
9.7. SCHWING GmbH
9.8. Zoomlion Heavy Machinery Co Ltd
9.9. Alliance Concrete Pumps Inc.
Chapter 10. COVID-19 Impact Analysis
10.1. Global Concrete Pump Market, 2020 – 2032, Pre-V/S Post COVID 19
10.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Concrete Pump Market Size In 2022, By Scenario
10.3. Impact on Supply Chain and Production in Concrete Pump Market
10.4. Impact on Import and Export
Chapter 11. Import-Export Analysis
11.1. North America Concrete Pump Import-Export, 2018 – 2022
11.2. Europe Concrete Pump Import-Export, 2018 – 2022
11.3. Asia Pacific Concrete Pump Import-Export, 2018 – 2022
11.4. Latin America Concrete Pump Import-Export, 2018 – 2022
11.5. Middle East America Concrete Pump Import-Export, 2018 – 2022
11.6. Africa Concrete Pump Import-Export, 2018 – 2022
Chapter 12. Concrete Pump Marketing Channel Analysis
12.1. Marketing Channel
12.1.1. Direct Marketing
12.1.2. Indirect Marketing
12.1.3. Development Trend
12.2. Market Positioning
Chapter 13. Concrete Pump Manufacturing Cost Analysis
13.1. Key Raw Materials
13.2. Key Raw Material Suppliers
13.3. Market Concentration Rate
13.4. Manufacturing Cost Structure
13.5. Process Analysis
Chapter 14. Conclusion
Concrete Pump Market by Type Outlook (Revenue, USD Million, 2018 – 2032)
- Truck-Mounted Concrete Pumps
- Stationary Concrete Pumps
- Specialized Concrete Pumps
Concrete Pump Market by End User Outlook (Revenue, USD Million, 2018 – 2032)
- Industrial
- Commercial
- Domestic
