Concrete Mixer Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Type, Application and Region

  • Concrete Mixer Market was valued nearly US$ 6.89 Bn. in 2023. Concrete Mixer Market size is estimated to grow at a CAGR of 3.56% & is expected to reach at US$ 8.81 Bn. by 2030.

  • Format : PDF | Report ID : SMR_492

Concrete Mixer Market Overview:

During the forecast period, demand in the concrete mixer market is predicted to be fueled by fast urbanization, rising population, strong economic expansion, & increased construction activity in both developed & developing countries. According to estimates from Global Construction Perspectives Limited & Oxford Economics Limited, the world construction industry might account for 14.7 percent of global GDP by 2030.

 

Concrete highways, power plants, canals, airports, dams, harbors, & other big-scale development sites are driving up demand in the concrete mixer market. Concrete mixing equipment capable of producing up to 330 m3 of hardened concrete per hour and concrete mixer trucks capable of transporting up to 10 m3 of concrete at a time are ideal for mixing huge volumes of concrete on-site. According to SMR study report, the total value of construction might exceed USD 212 trillion by 2030, with growing Asian nations accounting for more than a third of the total, or USD 77.8 trillion. Furthermore, by 2030, China, the U.S, India, Indonesia, the United Kingdom, Mexico, Canada, & Nigeria may contribute for 70% of global building growth. The U.K & Nigeria are projected to be the two largest countries contributing to the expanding construction activities, according to the report, because the UK government is planning multiple worldwide megaprojects. Furthermore, Nigeria's population is expected to expand significantly by 2030, surpassing that of the U.K to become the world's fifth most populous country.

Concrete Mixer Market

 

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Concrete is the most frequently used construction material in the world, with an estimated yearly output of 4 billion cubic meters. Instead of being mixed on-site and transported in concrete mixing transport trucks, ready-mix concrete is made in a mixing plant. These tracks are made out of a drum mounted on a truck's chassis that has multiple spiral blades and is either operated by the truck's engine or by a separate mechanism. The concrete mixing systems are built to be set up in 36 to 40 hours. Plug-in connections make it simple to connect fully electrical & pneumatically pre-installed transport components. These systems are simple to use and maintain, with convenient accessibility for maintenance.

 

Market Trends to Watch

 

The development of the concrete mixer market is supported by residential construction.

 

Cities are rapidly expanding, presenting an incredible opportunity for the development of local economies in areas where citizens require adequate, affordable housing. In order to offer affordable housing for homeless and vulnerable families, governments are adding provisions in their budgets to support sustainable communities and housing initiatives. As an example, The housing industry in India is one of the fastest-growing sectors, with an estimated deficit of roughly 18 million dwellings, 99 percent of which are in economically disadvantaged areas. The Indian government has devised a number of housing plans, including the 'Housing for All initiative,' which promises to provide people with affordable housing by 2022.

 

The concrete mixer market is expected to be led by Asia-Pacific.

 

The concrete mixer market is being driven by China, Singapore, and India, but Japan is struggling owing to a reduction in housing as the country's population shrinks. China's multibillion-dollar 'One Belt, One Road' initiative, or China Silk Road, which aims to link Southeast Asia with Eastern Europe and Africa, involves 71 countries representing half of the world's population and a quarter of global GDP. Across Asia and its neighboring countries, the programme is creating good opportunities. The plan, however, has sparked concerns because it is a type of economic imperialism that gives China power over smaller and underdeveloped countries. India, on the other hand, is expected to be one of the world's fastest-growing construction markets, as the country is on track to replace China as the world's most populous country by 2022.

 

In addition, India is set to be the world's largest housing market, as it will need to build millions of homes over time to suit the demands of its rapidly urbanizing population.

 

Furthermore, Asia is home to some of the world's leading construction corporations, whose combined sales account for roughly half of all construction sector sales worldwide. Competitive Environment. Because of the small number of active companies and the high initial investment requirements, the concrete mixer market is moderately consolidated. BHS-Sonthofen GmbH, Terex Corporation, Anhui Hualing Automobile Group Co. Ltd, Akona Engineering Pvt. Ltd are among of the market's main companies. The businesses are increasing their footprint by constructing new factories and improving their existing concrete mixers. For example, Liebherr Mobilmix 3.5 was involved in the construction of the world's largest lock, valued around USD 800 million, in IJmuiden in 2020. This project will link Amsterdam to the sea and will require around 300,000 m3 of concrete. In the year 2019, Schwing Stetter India & the Tamil Nadu government signed a Memorandum of Understanding. Schwing Stetter India will invest USD 32 Mn in a new plant & scale it up to USD 47 Mn over the next four years, according to the SMR.

 

The objective of the report is to present a comprehensive analysis of the Global Concrete Mixer Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Concrete Mixer Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Concrete Mixer Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Concrete Mixer Market. The report studies factors such as company size, market share, market growth, revenue and profits of the key players in the global market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their Vehicle Type quality is in the Market. The report also analyses if the Global Concrete Mixer Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Concrete Mixer Market is aided by legal factors.

 

Concrete Mixer Market Scope:

Concrete Mixer Market 

Market Size in 2023

USD 6.89 Bn.

Market Size in 2030

USD 8.81 Bn.

CAGR (2024-2030)

3.56%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

Segment Scope

by Type

  • Mixer Trucks
  • and Mixing Plants

by Application

  • Residential
  • Commercial

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Concrete Mixer Market Major Players:

  • Liebherr Group
  • SANY Group
  • SCHWING Stetter
  • Shantui Construction Machinery Co. Ltd
  • XCMG Co. Ltd
  • Zoomlion Heavy Industry Science & Technology Co. Ltd
  • BHS-Sonthofen GmbH
  • Terex Corporation
  • Anhui Hualing Automobile Group Co. Ltd
  • Akona Engineering Pvt. Ltd


Frequently Asked Questions

The Global Concrete Mixer Market was accounted for 6.89Bn in the year 2023.

Chapter 1 Scope of the Report
Chapter 2 Research Methodology

      2.1. Research Process
      2.2. Global Concrete Mixer Market: Target Audience
      2.3. Global Concrete Mixer Market: Primary Research (As per Client Requirement)
      2.4. Global Concrete Mixer Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape

      4.1. Market Share Analysis, By Region, 2023-2030(In %)
                  4.1.1.1. North America Market Share Analysis, By Value, 2023-2030 (In %)
                  4.1.1.2. Europe Market Share Analysis, By Value, 2023-2030 (In %)
                  4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
                  4.1.1.4. South America Market Share Analysis, By Value, 2023-2030 (In %)
                  4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
      4.2. Market Dynamics
            4.2.1. Market Drivers
            4.2.2. Market Restraints
            4.2.3. Market Opportunities
            4.2.4. Market Challenges
            4.2.5. PESTLE Analysis
            4.2.6. PORTERS Five Force Analysis
            4.2.7. Value Chain Analysis
      4.3. Global Concrete Mixer Market Segmentation Analysis, 2023-2030 (Value US$ BN) 
                  4.3.1.1.  Global Market Share Analysis, By Type, 2023-2030 (Value US$ BN)
                              4.3.1.1.1. Racks
                              4.3.1.1.2. Stacking frames
                              4.3.1.1.3. Shelves, bins & drawers
                              4.3.1.1.4. Mezzanines
                  4.3.1.2. Global Market Share Analysis, By Application, 2023-2030 (Value US$ BN)
                              4.3.1.2.1. Automated Guided Vehicles (AGVs)
                              4.3.1.2.2. Hand, platform & pallet trucks
                              4.3.1.2.3. Order pickers
                              4.3.1.2.4. Pallet jacks
                              4.3.1.2.5. Side loaders
                              4.3.1.2.6. Walkie stackers
      4.4. North America Concrete Mixer Market Segmentation Analysis, 2023-2030 (Value US$ BN) 
                  4.4.1.1. North America Market Share Analysis, By Type, 2023-2030 (Value US$ BN)
                              4.4.1.1.1. Racks
                              4.4.1.1.2. Stacking frames
                              4.4.1.1.3. Shelves, bins & drawers
                              4.4.1.1.4. Mezzanines
                  4.4.1.2. North America Market Share Analysis, By Application, 2023-2030 (Value US$ BN)
                              4.4.1.2.1. Automated Guided Vehicles (AGVs)
                              4.4.1.2.2. Hand, platform & pallet trucks
                              4.4.1.2.3. Order pickers
                              4.4.1.2.4. Pallet jacks
                              4.4.1.2.5. Side loaders
                              4.4.1.2.6. Walkie stackers
                  4.4.1.3. North America Market Share Analysis, By Country, 2023-2030 (Value US$ BN)
                              4.4.1.3.1. US
                              4.4.1.3.2. Canada
                              4.4.1.3.3. Mexico
      4.5. Europe Concrete Mixer Market Segmentation Analysis, 2023-2030 (Value US$ BN) 
                  4.5.1.1.  Europe Market Share Analysis, By Type, 2023-2030 (Value US$ BN)
                  4.5.1.2. Europe Market Share Analysis, By Application, 2023-2030 (Value US$ BN)
                  4.5.1.3. Europe Market Share Analysis, By Country, 2023-2030 (Value US$ BN)
                              4.5.1.3.1. UK
                              4.5.1.3.2. France
                              4.5.1.3.3. Germany
                              4.5.1.3.4. Italy
                              4.5.1.3.5. Spain
                              4.5.1.3.6. Sweden
                              4.5.1.3.7. Austria
                              4.5.1.3.8. Rest Of Europe
      4.6. Asia Pacific Concrete Mixer Market Segmentation Analysis, 2023-2030 (Value US$ BN) 
                  4.6.1.1.  Asia Pacific Market Share Analysis, By Type, 2023-2030 (Value US$ BN)
                  4.6.1.2. Asia Pacific Market Share Analysis, By Application, 2023-2030 (Value US$ BN)
                  4.6.1.3. Asia Pacific Market Share Analysis, By Country, 2023-2030 (Value US$ BN)
                              4.6.1.3.1. China
                              4.6.1.3.2. India
                              4.6.1.3.3. Japan
                              4.6.1.3.4. South Korea
                              4.6.1.3.5. Australia
                              4.6.1.3.6. ASEAN
                              4.6.1.3.7. Rest Of APAC
      4.7. South America Concrete Mixer Market Segmentation Analysis, 2023-2030 (Value US$ BN) 
                  4.7.1.1. South America Market Share Analysis, By Type, 2023-2030 (Value US$ BN)
                  4.7.1.2. South America Market Share Analysis, By Application, 2023-2030 (Value US$ BN)
                  4.7.1.3. South America Market Share Analysis, By Country, 2023-2030 (Value US$ BN)
                              4.7.1.3.1. Brazil
                              4.7.1.3.2. Argentina
                              4.7.1.3.3. Rest Of South America
      4.8. Middle East and Africa Concrete Mixer Market Segmentation Analysis, 2023-2030 (Value US$ BN) 
                  4.8.1.1.  Middle East and Africa Market Share Analysis, By Type, 2023-2030 (Value US$ BN)
                  4.8.1.2. Middle East and Africa Market Share Analysis, By Application, 2023-2030 (Value US$ BN)
                  4.8.1.3. Middle East and Africa Market Share Analysis, By Country, 2023-2030 (Value US$ BN)
                              4.8.1.3.1. South Africa
                              4.8.1.3.2. GCC
                              4.8.1.3.3. Egypt
                              4.8.1.3.4. Nigeria
                              4.8.1.3.5. Rest Of ME&A
Chapter 5 Stellar Competition Matrix
            5.1.1. Global Competition Matrix
            5.1.2. North America Competition Matrix
            5.1.3. Europe Competition Matrix
            5.1.4. Asia Pacific Competition Matrix
            5.1.5. South America Competition Matrix
            5.1.6. Middle East and Africa Competition Matrix
      5.2. Key Players Benchmarking 
            5.2.1. Key Players Benchmarking By Type, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
      5.3. Mergers and Acquisitions in Bulk Concrete Mixer
            5.3.1. M&A by Region, Value and Strategic Intent
Chapter 6 Company Profiles
      6.1. Key Players
            6.1.1. Liebherr Group.
                  6.1.1.1. Company Overview
                  6.1.1.2. Source Portfolio
                  6.1.1.3. Financial Overview
                  6.1.1.4. Business Strategy
                  6.1.1.5. Key Developments
            6.1.2. SANY Group
            6.1.3. SCHWING Stetter
            6.1.4. Shantui Construction Machinery Co. Ltd
            6.1.5. XCMG Co. Ltd
            6.1.6. Zoomlion Heavy Industry Science & Technology Co. Ltd
            6.1.7. BHS-Sonthofen GmbH
            6.1.8. Terex Corporation
            6.1.9. Anhui Hualing Automobile Group Co. Ltd
            6.1.10.Akona Engineering Pvt. Ltd.
      6.2. Key Findings
      6.3. Recommendations.

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