Global Concrete Pump Market 2017-2021
About Concrete Pump
A concrete pump is a mechanical device used to pour or transport liquid form of concrete by pumping action. It provides a constant supply of concrete to the designated place by hose or pipe. Concrete pumps are an integral part of any construction process, as they transfer concrete slurry by pumping it on the site. There are mainly three types of pumps.
Technavio’s analysts forecast the global concrete pump market to grow at a CAGR of 5.61% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global concrete pump market for 2017-2021. To calculate the market size, the report considers various types of pumps.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Concrete Pump Market 2017-2021
Technavio recognizes the following companies as the key players in the global concrete pump market: Concord Concrete Pumps, JUNJIN, LIEBHERR, Putzmeister, and SCHWING Stetter.
Other Prominent Vendors in the market are: Ajax Fiori Engineering, Alliance Concrete Pumps, Apollo Inffratech, AQUARIUS ENGINEERS, DY Concrete Pumps, KCP, McNeilus Truck & Manufacturing, Olinpump, PCP Group, REED, Reinert Concrete Pumps, and Zoomlion Heavy Industry Science & Technology.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for high capacity concrete pumps. The rising trend of high rise buildings, complex design, megastructure construction, complicated structural plan, and increasing strain for delivery of projects has created the demand for high capacity, increased output, and better productive concrete pumps. The rising requirement of equipment with improved productivity and increased output is due to a larger size project requirement.”
According to the report, one driver in the market is increase in high rise buildings. The rising trend of single families in urban areas has elevated the demand for high rise towers, as these buildings provide the required security and amenities, such as gym, pool, and clubhouse to attract buyers. Also, the limited space in urban areas is further boosting the demand for vertical construction.
Further, the report states that one challenge in the market is impact of varying oil and gas prices. The global concrete pump market is highly impacted by the volatility of oil and gas prices. The decrease in the oil prices has impacted original equipment manufacturers (OEMs) of pumps and compressors. The concrete pumps are primarily driven fuels, such as diesel. Therefore, the continuous volatility in the oil and gas market has affected the profitability of vendors.
Concord Concrete Pumps, JUNJIN, LIEBHERR, Putzmeister, SCHWING Stetter, Ajax Fiori Engineering, Alliance Concrete Pumps, Apollo Inffratech, AQUARIUS ENGINEERS, DY Concrete Pumps, KCP, McNeilus Truck & Manufacturing, Olinpump, PCP Group, REED, Reinert Concrete Pumps, and Zoomlion Heavy Industry Science & Technology.