Concrete Mixer Market size to grow by USD 3.96 billion from 2022 to 2027

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23 Aug, 2023, 10:15 ET

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NEW YORK, Aug. 23, 2023 /PRNewswire/ -- The concrete mixer market size is estimated to grow by USD 3.96 billion from 2022 to 2027. The market's growth momentum will be progressing at a CAGR of 4.88%. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Concrete mixer market – Company AnalysisCompany Landscape - The global concrete mixer market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer concrete mixers in the market are Akona Engineering Pvt. Ltd., Altrad Group, Caterpillar Inc., Crown Construction Equipment, Gaode Equipment Co. Ltd., Guangxi LiuGong Machinery Co. Ltd., Henan DASION Machinery Co. Ltd., ITOCHU Corp., Jurong Topall Machinery Co. Ltd., Kushlan Products LLC, Liebherr International Deutschland GmbH, Lino Sella Srl, Right Manufacturing Systems Inc., SANY Group, Shandong Heavy Industry Group Co. Ltd., Speedcarfts Ltd., Terex Corp., The Toro Company, Zhengzhou great wall machinery manufacture Co. ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd. and others.,

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Concrete Mixer Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on type (Mixing plants and Mixer trucks), application (Non-Residential and Residential), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Geography OverviewBy geography, the global concrete mixer market is segmented into APAC, North America, Europe, the Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global concrete mixer market.

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Concrete Mixer Market – Market Dynamics

Leading Drivers

The increasing expansion of the construction industry is driving growth in the concrete mixer market.

Key Trends

The increasing demand for precast concrete for non-residential construction is an emerging market trend. Precast concrete denotes a form of cement employed for mixing, blending, and curing within reusable molds, fabricated on the construction site. This method is typically executed within a controlled manufacturing environment, enabling the assembly of precast concrete components to construct an entire structure. In numerous cases, precast concrete can offer cost-effectiveness and enhanced functionality compared to conventional building materials. The gradual shift of both construction contractors and clients toward sustainable, cost-efficient, contemporary architectural designs, especially in the context of non-residential construction, is poised to augment the demand for concrete. This shift subsequently propels the demand for concrete mixers, underpinning their significance in this landscape. Additionally, the escalation in disposable income among individuals and the transition from traditional to modern construction methods contribute to the growth of the targeted market during the forecast period.

Major challenges

The growing second-hand machine market is a major challenge hindering market growth.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

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Concrete Mixer Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.88%

Market growth 2023-2027

USD 3,967.24 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.53

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 52%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Akona Engineering Pvt. Ltd., Altrad Group, Caterpillar Inc., Crown Construction Equipment, Gaode Equipment Co. Ltd., Guangxi LiuGong Machinery Co. Ltd., Henan DASION Machinery Co. Ltd., ITOCHU Corp., Jurong Topall Machinery Co. Ltd., Kushlan Products LLC, Liebherr International Deutschland GmbH, Lino Sella Srl , Right Manufacturing Systems Inc., SANY Group, Shandong Heavy Industry Group Co. Ltd., Speedcarfts Ltd., Terex Corp., The Toro Company, Zhengzhou great wall machinery manufacture Co. ltd. , and Zoomlion Heavy Industry Science and Technology Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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