Dublin, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The "Global Concrete Mixer Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The global concrete mixer market is expected to experience substantial growth, with a projected increase of approximately USD 3,967.24 million during the forecast period from 2022 to 2027, achieving a remarkable Compound Annual Growth Rate (CAGR) of 4.88%. This growth can be attributed to several factors driving the market, including the continuous expansion of the construction industry, the increasing adoption of smart concrete technology, and the cost-effectiveness of concrete roads.
Key Market Segments:
- Types: The concrete mixer market is divided into two primary segments: Mixing plants and Mixer trucks.
- Applications: The market serves both non-residential and residential construction needs.
Reasons to Purchase:
- Expanding Construction Industry: The construction sector's continual growth is a key driver of the concrete mixer market, creating robust demand for construction equipment and materials.
- Smart Concrete Adoption: The increasing acceptance of smart concrete technologies is revolutionizing the construction industry by enhancing efficiency and durability.
- Cost-Effective Concrete Roads: Concrete roads' low maintenance cost is attracting governments and builders, driving the demand for concrete mixers.
- Growing Precast Concrete Demand: The rise in non-residential construction projects, specifically the demand for precast concrete, is a prime growth factor.
- Urbanization and Rising Income: Rapid urbanization, coupled with rising disposable incomes, is fueling the construction industry's growth.
- Trend of Self-Loading Concrete Mixers: The growing trend of using self-loading concrete mixers is creating significant market opportunities.
In addition to these factors, the concrete mixer market report provides comprehensive insights into market sizing, forecasts, and industry analysis. It offers a detailed analysis of leading vendors, including Akona Engineering Pvt. Ltd., Altrad Group, Caterpillar Inc., Crown Construction Equipment, and more. Furthermore, the report presents upcoming trends and challenges in the market, assisting companies in formulating strategic plans to capitalize on emerging growth prospects.
The study combines primary and secondary data sources, ensuring the information's reliability and comprehensiveness. It includes a SWOT analysis of key vendors and provides valuable insights into the market's drivers, challenges, and trends.
Vendor Analysis
- Akona Engineering Pvt. Ltd.
- Altrad Group
- Caterpillar Inc.
- Crown Construction Equipment
- Gaode Equipment Co. Ltd.
- Guangxi LiuGong Machinery Co. Ltd.
- Henan DASION Machinery Co. Ltd.
- ITOCHU Corp.
- Jurong Topall Machinery Co. Ltd.
- Kushlan Products LLC
- Liebherr International Deutschland GmbH
- Lino Sella Srl
- Right Manufacturing Systems Inc.
- SANY Group
- Shandong Heavy Industry Group Co. Ltd.
- Speedcarfts Ltd.
- Terex Corp.
- The Toro Company
- Zhengzhou great wall machinery manufacture Co. ltd.
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/tz6j1m
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