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

  • Published: Mar 2022
  • Pages: 134
  • SKU: IRTNTR72853
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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?

Concrete Machinery Market Size

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?

Concrete Machinery Market Market segmentation by region

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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?

Concrete Machinery Market Segmentation

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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

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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

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Non-residential - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Non-residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Non-residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Non-residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Non-residential - Year-over-year growth 2021-2026 (%)
    • 5.4 Residential - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by End-user
      • Exhibit 36: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 France - Market size and forecast 2021-2026
      • Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Metalgalante SpA
              • Exhibit 93: Metalgalante SpA - Overview
              • Exhibit 94: Metalgalante SpA - Product / Service
              • Exhibit 95: Metalgalante SpA - Key offerings
            • 10.4 Powertek Bulgaria Ltd.
              • Exhibit 96: Powertek Bulgaria Ltd. - Overview
              • Exhibit 97: Powertek Bulgaria Ltd. - Product / Service
              • Exhibit 98: Powertek Bulgaria Ltd. - Key offerings
            • 10.5 Rometa SA
              • Exhibit 99: Rometa SA - Overview
              • Exhibit 100: Rometa SA - Product / Service
              • Exhibit 101: Rometa SA - Key offerings
            • 10.6 Sami Srl
              • Exhibit 102: Sami Srl - Overview
              • Exhibit 103: Sami Srl - Product / Service
              • Exhibit 104: Sami Srl - Key offerings
            • 10.7 SANY Group
              • Exhibit 105: SANY Group - Overview
              • Exhibit 106: SANY Group - Product / Service
              • Exhibit 107: SANY Group - Key offerings
            • 10.8 Sermac Srl
              • Exhibit 108: Sermac Srl - Overview
              • Exhibit 109: Sermac Srl - Product / Service
              • Exhibit 110: Sermac Srl - Key offerings
            • 10.9 SICOMA North America Inc.
              • Exhibit 111: SICOMA North America Inc. - Overview
              • Exhibit 112: SICOMA North America Inc. - Product / Service
              • Exhibit 113: SICOMA North America Inc. - Key offerings
            • 10.10 Xuzhou Construction Machinery Group Co. Ltd.
              • Exhibit 114: Xuzhou Construction Machinery Group Co. Ltd. - Overview
              • Exhibit 115: Xuzhou Construction Machinery Group Co. Ltd. - Product / Service
              • Exhibit 116: Xuzhou Construction Machinery Group Co. Ltd. - Key offerings
            • 10.11 Zhengzhou Huazhong Construction Machinery Co. Ltd.
              • Exhibit 117: Zhengzhou Huazhong Construction Machinery Co. Ltd. - Overview
              • Exhibit 118: Zhengzhou Huazhong Construction Machinery Co. Ltd. - Product / Service
              • Exhibit 119: Zhengzhou Huazhong Construction Machinery Co. Ltd. - Key offerings
            • 10.12 Zoomlion India Pvt. Ltd.
              • Exhibit 120: Zoomlion India Pvt. Ltd. - Overview
              • Exhibit 121: Zoomlion India Pvt. Ltd. - Product / Service
              • Exhibit 122: Zoomlion India Pvt. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 123: Inclusions checklist
                • Exhibit 124: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 125: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 126: Research methodology
                • Exhibit 127: Validation techniques employed for market sizing
                • Exhibit 128: Information sources
              • 11.5 List of abbreviations
                • Exhibit 129: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Concrete Machinery market growth will increase by $7065.95 million during 2022-2026.
              The concrete machinery market is expected to grow at a CAGR of 5.85% during 2022-2026.
              Technavio has segmented the concrete machinery market by end-user (Non-residential and Residential) and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              SICOMA North America Inc.?á, 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.?á, 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. are a few of the key vendors in the concrete machinery market.
              APAC will register the highest growth rate of 49.76% among the other regions. Therefore, the concrete machinery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • India
              • Germany
              • France
              The key factors driving the concrete machinery market growth are:
              • Expansion of the construction industry
              • Increasing demand for precast concrete for non-residential construction
              The concrete machinery market vendors should focus on grabbing business opportunities from the non-residential segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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