Concrete Pumps Market : Global Size, Trends, Competitive, Historical & Forecast

Posted by Fred Williams on April 5th, 2021

A concrete pump is a machine used for transferring liquid concrete by pumping. Large quantities of concrete can be transported by pumping through pipelines over appreciable distances, often to locations that may not be easily accessible by other means of delivery. Pumped concrete is transported to heights by pumping using concrete pumps. This method is used where large quantity of concrete work is required at greater height, where other means of transporting is not easy to do. Concrete pumps have been used for more than 50 years.

Macroeconomic factors such as GDP growth in Europe, gradual recovery in construction expenditure across the residential and non-residential sectors, and anticipated expansion in the real estate sector supported by government initiatives to provide affordable housing are expected to drive the concrete pumps market. Developing economies create significant opportunities as penetration of advanced technological equipment is less in these countries. In 2017, the construction sector saw a rebound due to rejuvenated residential market, particularly in developed economies. This is attributed to the robust economic growth in North America and Europe. In North America, market expansion and increase in demand for infrastructure repairs created favorable conditions last year. These are expected to continue during the forecast period.

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