Global Concrete Mixer Market

By Author: Rupali Dagade
Total Articles: 446
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Global Concrete Mixer Market was valued at US$ xx Mn in 2019 and is expected to reach US$ xx Mn by 2026, at a CAGR of 3.2% during the forecast period.
Global Concrete Mixer Market Introduction

A concrete mixer is a machine that mechanically blends cement, aggregates, and water to make concrete. Cement mixing by hand takes time and effort. Using a concrete mixer on building sites not only saves time and labor, but also reduces the creation of cement lumps. Using these mixers increases worker performance and productivity in a relatively cost-effective and efficient operation.

As a result, an increasing trend of equipment rental and leasing has emerged among smaller businesses. Aside from that, rising population and rapid urbanization are leading to a rise in residential and commercial infrastructure development.
Global Concrete Mixer Market Dynamics

According to estimates from Global Construction Perspectives Limited and Oxford Economics Limited, the global construction industry could account for 14.7 per cent of global GDP by 2030. Today, cost-effectiveness and ergonomics are prioritized. The ...
... construction equipment industry's focus on safety has accelerated, resulting in the production of new generation concrete truck mixers that help end-users achieve smoother handling, lower cleaning costs, and higher payload.

The idea of revolutionary attachments has sparked the production of attachment parts that can be installed in a variety of ways, improving the operating efficiency of concrete mixers and, as a result, increasing their sales. Connected technologies have already infiltrated the construction equipment industry's banks, with the development of IoT-enabled and GPS-powered concrete mixers in recent years. Higher fuel consumption, smart processes, and lower cost of ownership are only a few of the advantages that smart concrete mixers have recently been advertising.

According to Global Construction, the total value of construction could surpass USD 212 trillion by 2030, with emerging Asian economies accounting for more than a third of the total, or USD 77.8 trillion. Furthermore, by 2030, China, the United States, India, Indonesia, the United Kingdom, Mexico, Canada, and Nigeria may account for 70% of global construction growth.

The growing popularity of ready-mix concrete, which eliminates the challenge of transporting concrete from the mixer to various construction sites, could pose a threat to the concrete mixer market's development. This lowers the total expense of a building project even more.
Global Concrete Mixer Market Segment Analysis

The growth of the concrete mixer market is aided by residential construction.

Cities are rapidly expanding, presenting an incredible opportunity for the growth of local economies in areas where residents need healthy, affordable housing. Governments are putting plans in place in their budgets to promote long-term neighbourhood and housing construction in order to provide affordable housing for the homeless and vulnerable.

The housing industry in India is one of the fastest-growing industries, with an estimated shortage of about 18 million homes, 99 per cent of which are in economically disadvantaged areas. The Indian government has proposed a number of housing initiatives, including the Housing for All initiative, which aims to provide affordable housing to all Indians by 2022.

Concrete mixer production and sales are also driven by increasing consumer demand for higher technical standards and the ability to navigate and move these machines around construction sites quickly. Because of their application flexibility, optimum efficiency, and reliability, the trend of self-loading concrete mixers has contributed significantly to Gains from the concrete mixer industry. The low cost of operation, as well as the commodity, self-loaded water supply, and removal of the need for transportation, are all key features of self-loading concrete mixers that attract end-user interest.

Global Concrete Mixer Market

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Global Concrete Mixer Market Regional Insights

Global Concrete Mixer Market 1

From 2020 to 2026, the Asia Pacific region is projected to have the highest CAGR, owing to the rapid growth of construction in emerging economies such as India, China, Malaysia, Indonesia, and Vietnam. The increased emphasis on transportation network improvements in Europe and North America to promote cycling and public transportation use is expected to fuel demand for concrete mixers over the next few years.

China's multibillion-dollar "One Belt, One Road" initiative, or China Silk Road, which aims to connect 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 neighbouring nations, the initiative is expected to create good opportunities.
Furthermore, by 2030, the United States, India, Indonesia, the United Kingdom, Mexico, Canada, and Nigeria may account for 70% of global construction growth. Since, the UK government is planning multiple global megaprojects, the United Kingdom and Nigeria are likely to be the two major countries contributing to the increasing construction activities.

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Global Concrete Mixer Market Report Scope: Inquire before buying

Global Concrete Mixer Market 2
Global Concrete Mixer Market, by Region

• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Concrete Mixer Market Key Players

• Liebherr Group
• Sany Group
• Shantui Construction Machinery Co. Ltd
• Zoomlion Heavy Industry Science & Technology Co. Ltd
• Terex Corporation
• Schwing Stetter
• Mahindra Powerol
• AJAX
• Caterpillar Inc
• Sinotruk Hong Kong Ltd
• Akona Engineering Pvt. Ltd
• Henan Sanq Group Machinery Co., Ltd
• Lino Sella World
• Shantui Construction Machinery Co., Ltd.
• Lino Sella World
Concrete Mixer Market Competitive Landscape

• Liebherr Mobilmix 3.5 was engaged in the development of the world's largest lock, worth approximately USD 800 million, in IJmuiden in 2020. This project will connect Amsterdam to the sea and will require approximately 300,000 m3 of concrete.
• In 2019, Schwing Stetter India and the Tamil Nadu government signed a Memorandum of Understanding (MoU). Schwing Stetter India will invest USD 32 million in a new plant and scale it up to USD 47 million over the next four years, according to the MoU.
• AJAX recently launched three concrete mixers that are designed to help operators improve efficiency, versatility, and speed. More throughput, workability, and productivity in real-time, as well as an auto-cleaning system and non-directional tyres with a puncture-proof solution, are all features of these modern AJAX concrete mixers.

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