PUBLISHER: TechNavio | PRODUCT CODE: 1601940
PUBLISHER: TechNavio | PRODUCT CODE: 1601940
Concrete Machinery Market 2024-2028
The concrete machinery market is forecasted to grow by USD 6680.5 mn during 2023-2028, accelerating at a CAGR of 5.6% during the forecast period. The report on the concrete machinery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of construction industry, large-scale industrial automation, and low maintenance cost of concrete roads.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.3% |
CAGR | 5.6% |
Incremental Value | $6680.5 mn |
Technavio's concrete machinery market is segmented as below:
By End-user
By Geographical Landscape
This study identifies the increasing demand for precast concrete for non-residential construction as one of the prime reasons driving the concrete machinery market growth during the next few years. Also, rapid urbanization and rising disposable income and increasing demand for high capacity concrete pumps will lead to sizable demand in the market.
The report on the concrete machinery market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading concrete machinery market vendors that include BHS-Sonthofen GmbH, EMAC International Group, Hess Corp., Holcombe Mixers, Hyundai Motor Co., Liugong Construction Machinery Jiangsu Co. Ltd, Luoyang CIMC Lingyu Automobile Co. Ltd., Marsay Equipment CC, Mbw Inc., Metalgalante SpA, Powertek Bulgaria Ltd., Rometa SA, Sami Srl, Sany Group, Sermac Srl, Shantui Jianyou Machinery Co. Ltd., SICOMA North America Inc., Terex Corp., Thomas Concrete Group AB, Xuzhou Construction Machinery Group Co. Ltd., Zhengzhou Huazhong Construction Machinery Co. Ltd., and Zoomlion India Pvt. Ltd.. Also, the concrete machinery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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