Truck Mounted Concrete Pump Market Size - By Product, By Propulsion, By Boom Length, By End Use Industry, Forecast, 2024 – 2032

Truck Mounted Concrete Pump Market Size

The global truck mounted concrete pump market size was valued at USD 4.9 billion in 2023 and is anticipated to grow at a CAGR of 6% between 2024 and 2032, attributed to the global infrastructure development especially in emerging economies. Countries including India, China, Saudi Arabia and Brazil are investing in projects such as roads, bridges, airports and railways.
 

Rapid urbanization in developing countries is driving a higher demand for housing and urban infrastructure. The migration of populations from rural to urban areas is driving the need for residential construction. These buildings often require boom pumps for efficient concrete placement. The Asia Pacific region, including countries such as Singapore, Australia, Vietnam, and India, is a key market for residential construction.

 

Truck Mounted Concrete Pump Market Trends

Technological advancements are significantly improving truck mounted concrete pumps. Manufacturers are adding features such as remote-control operation, advanced boom technologies, and automated systems to boost efficiency, precision, and safety. Innovations such as high-pressure concrete pumps and longer booms make it easier to handle complex and high-rise construction projects, increasing adoption rates. Additionally, with growing awareness of environmental sustainability, manufacturers are developing electric-powered or hybrid truck mounted concrete pumps to reduce fuel consumption and emissions. These pumps are quieter and cleaner, making them suitable for urban construction projects with strict environmental regulations. Manufacturers are heavily investing in research and development to launch innovative truck mounted concrete pumps.
 

The high cost of buying truck-mounted concrete pumps, often reaching hundreds of thousands of dollars, can be a major barrier for small and medium-sized construction firms. This large initial investment can discourage these companies from purchasing the equipment, slowing down market growth and reducing the number of potential buyers. Instead, many firms may choose cheaper options or stick to manual labor, which can further limit market expansion. Additionally, the high cost can lead to longer decision-making processes and extended timelines for return on investment, making it even harder for smaller firms to justify the expense.
 

Truck Mounted Concrete Pump Market Analysis

Based on product, the boom pump segment held a market share of around 65% in 2023 and is expected to cross USD 5 billion by 2032. The increasing focus on reducing labour and construction time is driving the growth of boom pumps. These pumps can quickly and accurately deliver large volumes of concrete, reducing the need for manual labour. This makes them essential for large infrastructure projects with tight deadlines. In urban areas, where delays can significantly increase costs, boom pumps help by speeding up concrete placement.
 

Additionally, boom pumps enhance safety on construction sites by minimizing the need for workers to handle heavy concrete manually. This reduces the risk of injuries and improves overall site efficiency.
 

Based on end-user industry, infrastructure segment accounted for over 43% share of the truck mounted concrete pump market in 2023. Government investments in smart cities are driving the growth of the infrastructure segment. Smart cities use modern transport systems such as subways, elevated highways, and monorails, which require large and complex concrete structures. These structures need to be built with high precision to ensure safety and efficiency. Truck mounted concrete pumps are essential for delivering concrete to hard-to-reach areas, making them crucial for these large-scale projects.
 

Asia Pacific region dominated 45% share of the truck mounted concrete pump market in 2023.  The rapid growth of the real estate sector in major cities across the Asia Pacific is driving the demand for residential and commercial buildings. Urban centers such as Tokyo, Shanghai, and Sydney are experiencing a boom in high-rise construction. Truck-mounted concrete pumps are crucial for these projects, as they deliver concrete to higher floors quickly and accurately, solving space issues in crowded areas.
 

Furthermore, the region is witnessing a growing trend toward adopting advanced construction technologies, particularly in Japan and South Korea. Innovations, such as automated concrete placing and telematics-driven machinery, are improving efficiency and safety on construction sites, encouraging contractors to invest in modern equipment to stay competitive.
 

Rapid urbanization and increasing populations in major cities across North America are leading to a surge in residential and commercial construction. As urban areas expand, the demand for concrete structures rises, prompting builders to invest in efficient truck mounted concrete pumps to meet the growing needs of urban development.
 

European countries lead in sustainability and green building practices. Stricter environmental regulations and a focus on reducing carbon footprints drive the use of high-performance concrete and innovative construction techniques. Truck mounted concrete pumps help use specialized concrete mixes essential for sustainable building, allowing efficient placement and reducing waste.
 

Truck Mounted Concrete Pump Market Share

Zoomlion and Sany Group dominate around 20% of the market share. Zoomlion allocates significant resources to research and development to create advanced concrete pump technologies that enhance performance and efficiency. The company also focuses on integrating IoT and smart technologies into their products, enabling features such as remote monitoring, automated control systems, and real-time data analytics. This helps the company maintain a significant market share in the market
 

Sany Group focuses on expanding its footprint in international markets, especially in regions with increasing infrastructure investments, such as Africa and Southeast Asia. By establishing local manufacturing and assembly plants in key markets helps the company to reduce costs, improve lead times, and adapt to local demands.
 

Truck Mounted Concrete Pump Market Companies

Eminent players operating in the truck mounted concrete pump industry include:

• Action Construction Equipment Ltd.
• Alliance Concrete Pumps
• Anhui Hualing Xingma Automobile Co., Ltd.
• Concord Concrete Pumps
• JunJin Heavy Industry Co., Ltd.
• KCP Heavy Industries
• Liebherr
• SANY Group
• XCMG
• Zoomlion Heavy Industry
   

Truck Mounted Concrete Pump Industry News

• In July 2023, Putzmeister delivered a total of 8 truck-mounted concrete pumps M38-5 and M47-5 of its performance line series to Interbeton, a company part of the Titan Cement Group.
   
• In March 2023, Liebherr launched the new Liebherr 36 XXT truck mounted concrete pump with a five-part multi-fold distributor boom. It is equipped with the unique Liebherr Powerbloc drive unit and the semi-closed oil circuit. The machine also has a new and appealing look.
   

The truck mounted concrete pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and volume (Units) from 2021 to 2032, for the following segments:

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Market, By Product

• Boom pump
• Line pump
• Specialized usage pump

Market, By Propulsion

• Diesel
• Electric
• Hybrid

Market, By Boom Length

• Short Boom (up to 30 meters)
• Medium Boom (30-40 meters)
• Long Boom (Above 40 meters)

Market, By End Use Industry

• Residential
• Commercial
• Industrial
• Infrastructure

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa