Home > Construction > Construction Equipment > Truck Mounted Concrete Pump Market

Truck Mounted Concrete Pump Market Share

Report ID: GMI11671
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Truck Mounted Concrete Pump Market Share

Truck Mounted Concrete Pump Company Market Share, 2023

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

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The truck-mounted concrete pump market hit over $4.9 billion in 2023 and is set to grow at about 6% CAGR through 2032, driven by technological advancements that enhance efficiency and safety.

The infrastructure segment accounted for over 43% share of the truck-mounted concrete pump market in 2023, driven by the government investments in smart cities.

The boom pump segment held around 65% of the market share in 2023 and is expected to exceed USD 5 billion by 2032, on account of the increasing focus on reducing labour and construction time is driving the growth of boom pumps.

Asia Pacific region dominated 45% share of the truck mounted concrete pump market in 2023, driven by rapid growth in the real estate sector and increasing demand for residential and commercial buildings in major cities.

Some of the major key players in the truck-mounted concrete pump market 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, and Zoomlion Heavy Industry.