Increase in infrastructural investments is one of the key drivers of the global concrete pumps market.

PORTLAND, OR, UNITED STATES, October 6, 2021 /EINPresswire.com/ -- The commonly available types of concrete pumps are truck mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps. Among these, the truck-mounted concrete pumps segment dominates the global market, in terms of value, owing to increase in demand from various industries such as construction and mining. The market is analyzed with respect to different industrial verticals such as industrial, commercial, and domestic.

The global concrete pumps market size was valued at $3.8 billion in 2019, and is projected to reach $4.8 billion by 2027, registering a CAGR of 4.0% from 2020 to 2027.

Get Sample Report @ https://www.alliedmarketresearch.com/request-sample/3243

Increase in demand for concrete pumps, owing to the implementation and planning of infrastructure projects is anticipated boost the global concrete pumps market growth during the forecast period. Furthermore, the growth of the global concrete pumps market is majorly driven by development in residential, commercial, & industrial construction sectors. However, volatile economic conditions in Latin America limit the growth of the concrete pumps market.

Covid-19 Impact Analysis

The outbreak of COVID-19 has a negative impact on the manufacturing and production of concrete pumps in the first quarter of 2020, and is likely to hamper the market growth throughout the year. This has further affected the demand for concrete pumps from developing countries, including India, Brazil, Vietnam, and India, thereby halting the production activities. In addition, the disruption of supply chains is causing hindrance in manufacturing of the concrete pumps around the globe.

Top 10 Key Market Players

Ajax Fiori Engineering
Alliance Concrete Pumps
Concord Concrete Pumps
DY Concrete Pumps
Junjin
Liebherr
PCP Group
Sany
Schwing Stetter
Sebhsa

Request for Custom Report @ https://www.alliedmarketresearch.com/request-for-customization/3243

Key Market Segmentation

By Type

Truck-mounted Concrete Pumps
Stationary Concrete Pumps
Specialized Concrete Pumps

By Industrial Vertical

Industrial
Commercial
Domestic

By Region

North America
Europe
Asia-Pacific
LAMEA

Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/3243

David Correa
Allied Analytics LLP
+1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.