Global Portable Concrete Mixer Market Research ReportPosted by Pranita on January 27th, 2021 According to a new market report published by Industry Probe (www.industryprobe.com) titled Concrete Mixer Market (Power Source : Diesel Operated and Electric Operated; Drum Capacity : less than 200 litre, 201 - 450 litre, 451 - 750 litre, More than 750 litre; Operation Mode : Manual, Semi-Automatic, and Automatic; End Use : Heavy and Civil Engineering (Bridge, Road, Railways, Airports and Others)) – Global Industry Analysis, Trends and Forecast, 2020–2027’ the Global Concrete Mixer Market is expected to expand at a CAGR of 4.0% from 2019 to 2027 and reach US$ 13.43 Bn by 2027. The Global Portable Concrete Mixer Market was valued at US$ 1.93 Billion in 2018 and is expected to expand at a CAGR of 6.1 % from 2019 to 2027. In this product section, the portable segment is expected to hold a major market and is expected to grow at the fastest rate during the forecast period. As compared to a portable concrete mixer, fixed concrete mixer required high maintenance and high initial and setup cost. This factor is expected to increase the market attractiveness of portable concrete mixers over the fixed concrete mixer. Other factors boosting the portable segments are urbanization, modernization, and a rise in population are leading to infrastructure investment. As due to improvements in this section, an upsurge in need for multifunctional characteristics of construction products, use of artificial intelligence, and a streamlined supply chain is estimated to lift the Global Portable Concrete Mixer Market. A portable concrete mixer segment is expected to hold a major market share and is expected to grow at the fastest rate during the forecast period. As compared to the fixed concrete mixer, the portable concrete mixer is most preferred among different end-use. As the portable concrete mixer is easy to move from one place to another, less noisy, and cost-effective, less maintenance is required, and others. All this feature is expected to increase the demand for portable concrete mixers in the country during the forecast period. Under the power source segment, the diesel operated segment is expected to hold a major market share and expand at a high rate during the forecast period. Also, in terms of the drum capacity segment, the more than 750-liter segment is expected to hold a major market share and is expected to grow at the fastest rate during the forecast period. In the portable concrete mixer, batch mixers are popular in a wide range of production projects. These can concrete mixer at high volume and at a quicker rate to any place where needed. Furthermore, the requirement of labor is low. In addition to this increasing substantial investments to improve infrastructure has been the major driver for the growth of the concrete mixer market. Public works projects include the construction of dams, bridges, government buildings, hospitals, and schools. In terms of the end-use segment, the heavy and civil engineering segment is expected to hold a major market share and is expected to grow at the fastest rate during the forecast period. In terms of region, Asia Pacific is expected to hold a major market share of the Global Portable Concrete Mixer Market, followed by Europe and North America. In the Asia Pacific region, China holds the largest market for portable concrete mixers in the Asia Pacific followed by India in 2018. The report includes the below-mentioned pointers of major players operating in the Portable Concrete Mixer Segment:
Competition is expected to intensify in the coming years with the entry of several local players. Some of the key players in the Portable Concrete Mixer Market are Caterpillar Inc., Liebherr-International AG, Sany Group Co., Ltd., Terex Corporation, Crown Construction Equipment, Multiquip Inc., Zhengzhou great wall machinery manufacture co., ltd., Lino Sella World, Fangyuan Group Co. Ltd., Ammann Group and others. Like it? Share it! More by this author |