Global Truck Mounted Concrete Pump Market
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Global Truck Mounted Concrete Pump Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of around XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Rapid growth in the construction sector because of rising demand for mass housing projects coupled with need for improved productivity and quality at construction projects is expected to increase the demand for concrete pumps in the Middle East & North Africa in the next few years. On the other hand, safety issues related to the operation of truck mounted concrete pumps and volatility in prices of oil could hinder the market.
Based on type, In terms of revenue, truck-mounted mobile pumps is expected to be the largest segment of the truck-mounted concrete pump market throughout the forecast period. The truck-mounted mobile pumps segment accounted for over XX % share of the truck-mounted concrete pump market in Middle East & North Africa in 2015. Truck mounted static pump was the second-largest segment of the market in 2015.
Geographically, Asia Pacific dominated the market in 2016 and is expected to remain dominant region throughout forecast period followed by Europe and North America. Middle East & Africa is predicted to grow at significant CAGR after Asia Pacific because of increasing initiative of Middle East government in emerging infrastructure in the region. Significant expansion in the building & construction and infrastructure activities particularly in emerging regions is projected to be a key factor driving the truck mounted concrete pump in these regions.
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Last Update : 25 February 2021 4:41 PM
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