Growth of the mobile concrete mixer market is majorly driven by rise in construction actives in developing countries. On the basis of category, the 6-10 m³ segment dominated the mobile concrete mixer market growth in 2020. Moreover, on the basis of product type, the standard segment dominated the market. Further, on the basis of chassis type, the truck segment dominated the market. In addition, on the basis of region, Asia-Pacific dominated the market, and is expected to continue this trend during the forecast period.
mobile concrete mixer market size was valued at $6,755.0 million in 2020, and is expected to reach $ 11,812.2 million by 2030, registering a CAGR of 5.6% from 2021 to 2030
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Major driving factors of the mobile concrete mixer market are extensive increase in investments by governments, majorly in developing countries on constructing new infrastructures such as roads, dams, tunnels, residential & commercial buildings, and other public infrastructures. In addition, ease of transportation of concrete in remote areas where roads are not well built or construction sites that have no proper access drives the mobile concrete mixer market.
Some sites require fresh concrete that is prepared on construction sites itself to avoid wastage, which eventually saves construction cost occurring due to wastage of concrete. Hence, owing to this demand, mobile concrete mixers are used to prepare concrete from raw material such as sand, cement, water, gravel, and sometimes binding adhesives. The concrete is than discharged though outlet nozzle mounted on front or back of the truck or trailer as per design.
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The mobile concrete mixer market is segmented on the basis of capacity, product type, chassis type, and region. On the basis of capacity, the market is divided into less than 6 m³, 6–10 m³, and above 10 m³. Depending on product type, it is classified into standard and volumetric. On the basis of chassis type, it is divided into truck and trailer. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
However, industries are gradually back on track and vaccine discovery has led to recovery of the mobile concrete mixer market. On the contrary, introduction of advanced trucks and electric operated drums and engines help conservation of environment, which is a major opportunity for growth of the mobile concrete mixer market during the forecast period.
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Key Findings of The Study:
- By capacity, the 6-10 m³ segment was the highest revenue contributor in 2020.
- By product type, the standard segment generated the highest revenue in 2020.
- By chassis type, the truck segment generated the highest revenue in 2020.
- By region, Asia-Pacific generated the highest revenue in 2020.
Competition Analysis
AB Volvo, KYB Corporation, Liebherr-International AG, Navister Inc., Oshkosh Corporation, Sany Group, Schwing Stetter Group, Sinotruk, Tata Motors and Zoomlion Heavy Industry Science and Technology Co., Ltd.