Concrete Machinery Market by End-user and Geography - Forecast and Analysis 2022-2026

The concrete machinery market share is expected to increase to USD 7.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.85%.

This concrete machinery market research report extensively covers concrete machinery market segmentation by end-user (non-residential and residential) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The concrete machinery market report also offers information on several market vendors, including SICOMA North America Inc., BHS-Sonthofen GmbH, EMAC International Group, Foton Motor Inc., Hess Corp., Holcombe Mixers, Hyundai Motor Co., Liugong Construction Machinery Jiangsu Co. Ltd, Luoyang CIMC Lingyu Automobile Co. Ltd., Marsay Equipment CC, Mbw Inc., Metalgalante SpA, Powertek Bulgaria Ltd., Rometa SA, Sami Srl, SANY Group, Sermac Srl, Shantui Jianyou Machinery Co. Ltd., Terex Corp., Thomas Concrete Group AB, Xuzhou Construction Machinery Group Co. Ltd., Zhengzhou Huazhong Construction Machinery Co. Ltd., and Zoomlion India Pvt. Ltd. among others.

What will the Concrete Machinery Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Concrete Machinery Market Size for the Forecast Period and Other Important Statistics

 

Parent Market Analysis

Technavio categorizes the global concrete machinery market as a part of the global construction machinery and heavy trucks market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the concrete machinery market during the forecast period.

Who are the Major Concrete Machinery Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• SICOMA North America Inc. 
• BHS-Sonthofen GmbH
• EMAC International Group
• Foton Motor Inc.
• Hess Corp.
• Holcombe Mixers
• Hyundai Motor Co.
• Liugong Construction Machinery Jiangsu Co. Ltd
• Luoyang CIMC Lingyu Automobile Co. Ltd. 
• Marsay Equipment CC
• Mbw Inc.
• Metalgalante SpA
• Powertek Bulgaria Ltd.
• Rometa SA
• Sami Srl
• SANY Group
• Sermac Srl
• Shantui Jianyou Machinery Co. Ltd.
• Terex Corp.
• Thomas Concrete Group AB
• Xuzhou Construction Machinery Group Co. Ltd.
• Zhengzhou Huazhong Construction Machinery Co. Ltd.
• Zoomlion India Pvt. Ltd.

 

This statistical study of the concrete machinery market encompasses successful business strategies deployed by the key vendors. The concrete machinery market is fragmented and the vendors are deploying growth strategies such as the expansion of product portfolios to compete in the market.

Product Insights and News

• Metalgalante SpA - The company offers a concrete mixer machine that is equipped with checking and block valves, which guarantee maximum safety of the operator. 
• Metalgalante SpA  - The company offers products such as self-loading mixers, smart off-road mobile batching plants, under the unified segment.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The concrete machinery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Concrete Machinery Market: Key Drivers, Trends, and Challenges

The expansion of the construction industry is notably driving the concrete machinery market growth, although factors such as growing secondhand machine market may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the concrete machinery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Concrete Machinery Market Driver

One of the key factors driving the global concrete machinery market growth is the expansion of the construction industry. The rising commitment among construction industry stakeholders toward green construction, energy efficiency, and the use of advanced materials for building construction is also a major selling point for the dry construction industry. The rise in residential and commercial construction activities and increasing investments in infrastructure development in several countries across the world will present considerable opportunities for global market growth. Furthermore, factors such as the increase in disposable incomes in emerging economies, rapid industrialization, the changing preference for and perception of sustainable building practices, and the durability of such buildings are expected to drive the growth of the focused market during the forecast period. 

Key Concrete Machinery Market Trend

Increasing demand for precast concrete for non-residential construction is one of the key concrete machinery market trends that is expected to impact the industry positively in the forecast period. Precast concrete is a type of concrete that is mixed, cast, and dried in reusable molds off-site. When compared to traditional building materials, precast concrete can be more cost-effective and sometimes more practical. Moreover, precast concrete elements are used in the construction and building sector for non-residential purposes. This significantly reduces the time for construction, the number of laborers, and costs. In addition, the need for a reduction in construction time and cost coupled with growing industrialization and urbanization in emerging economies would create an opportunity for the concrete manufacturers in the forecast period. Furthermore, an increase in the disposable income of people and changing construction methods from conventional to modern will be driving the growth of the focused market during the forecast period. 

Key Concrete Machinery Market Challenge

One of the key challenges to the global concrete machinery market growth is the growing secondhand machine market. Several manufacturing and mining industries in the US and Europe, especially in countries such as Romania and Germany, were closed because of high labor costs and strict pollution laws, which resulted in the increased availability of secondhand machines. Since many manufacturing industries have moved to APAC, owing to the low-cost manufacturing facilities in the region, secondhand machines from the US and Europe are being used, especially in emerging economies such as China, India, and Pakistan. Small manufacturers find it challenging to buy new European machines due to their high costs. Once refurbished and reconditioned, these machines become as good as new ones. China has become a major market for secondhand machines among European construction machinery vendors. Such factors will drive the market growth during the forecast period.

This concrete machinery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Which are the Key Regions for Concrete Machinery Market?

For more insights on the market share of various regions Request for a FREE sample now!

50% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for concrete machinery in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the demand for food owing to the rapidly increasing population will facilitate the concrete machinery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 in the region hampered the growth of the concrete machinery market. Countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under partial or full lockdowns owing to the COVID-19 pandemic. All manufacturing industries across APAC were severely affected by the stringent lockdowns. However, in 2021, with the initiation of large-scale vaccination drives in the region, the concrete machinery market in APAC started recovering since H2 2021 and will continue to grow during the forecast period.

Concrete Machinery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the concrete machinery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating End-user Segments in the Concrete Machinery Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The concrete machinery market share growth by the non-residential segment will be significant during the forecast period. The rise in non-residential building construction will also drive growth in the non-residential construction market. For instance, the rapid growth in Indian services sectors, including information technology (IT), telecommunication, and outsourcing of multinational businesses, is boosting the demand for office space in metropolitan cities such as Bengaluru and Delhi. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the concrete machinery market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Ready Mix Concrete Batching Plant - The batching plant market size has the potential to grow by USD 77.70 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 3.44%. 

Concrete Pump - The market share is expected to increase by USD 1.59 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.87%.

Glass Fiber Reinforced Concrete (GFRC)- The market share is projected to surge to USD 600.55 million by 2026 at a progressing CAGR of 6.16%. 

Concrete Machinery Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.85%
Market growth 2022-2026	$ 7.06 billion
Market structure	Fragmented
YoY growth (%)	5.61
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 50%
Key consumer countries	US, Canada, China, India, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	SICOMA North America Inc. , BHS-Sonthofen GmbH, EMAC International Group, Foton Motor Inc., Hess Corp., Holcombe Mixers, Hyundai Motor Co., Liugong Construction Machinery Jiangsu Co. Ltd, Luoyang CIMC Lingyu Automobile Co. Ltd. , Marsay Equipment CC, Mbw Inc., Metalgalante SpA, Powertek Bulgaria Ltd., Rometa SA, Sami Srl, SANY Group, Sermac Srl, Shantui Jianyou Machinery Co. Ltd., Terex Corp., Thomas Concrete Group AB, Xuzhou Construction Machinery Group Co. Ltd., Zhengzhou Huazhong Construction Machinery Co. Ltd., and Zoomlion India Pvt. 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.

Request for a FREE sample

What are the Key Data Covered in this Concrete Machinery Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive concrete machinery market growth during the next five years
• Precise estimation of the concrete machinery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the concrete machinery industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of concrete machinery market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch