Thursday, 29 September 2016

Truck-mounted Concrete Pump Market - Industry Analysis, Size, Share, Forecast 2016 - 2024

Truck-mounted concrete pumps are built to provide flexibility for varying requirement in the construction sector to supply liquid concrete. These pumps are attached to a truck or longer unit on a trailer. They are also known as boom concrete pumps because of the use of a remote controlled articulating robotic arm to place concrete accurately. Truck-mounted concrete pumps are generally used in larger construction projects as they are capable of pumping concrete at a very high volume and reduces quantity of labor. Truck-mounted concrete pumps have reduced the task time and also have added advantages over effects of changing climatic conditions on the construction operations such as concrete mixing, building envelops. It helps in delivering the liquid concrete at the location of the construction site.

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Truck-mounted concrete pumps are segmented into boom pumps, stationary pumps, and specialized pumps. They are sub categorized under each segment into 4 arms, 5 arms, and 6 arms. Truck mounted concrete pumps are the best option to place concrete at construction sites in a quick manner. Truck-mounted concrete pumps can easily deliver concrete at a faster rate in inaccessible sites. Such pumps also help in reduction of labor as less handling is required to deliver concrete at the desired location. Developments in construction designs and upcoming mega projects have increased the demand for truck-mounted concrete pumps. The growing trend of multistory buildings and skyscrapers has encouraged construction companies to utilize truck-mounted concrete pumps to complete projects at the scheduled time and reduce the labor cost. In 2015, boom pumps have significant market share and is estimated to grow at a stronger rate due to boost in the construction sector for the forecast period. Completion of government mega construction projects in the required time span has forced construction companies to utilize truck-mounted concrete pumps which would help in the reduction of labor handling activities and decrease overhead cost.

Globally, the truck-mounted concrete pump consumption market is segmented into regions such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2015, Asia Pacific accounted for the largest share followed by North America and Europe. The growth of the construction sector in growing economies such as China, India, Japan, etc. have contributed a major share to the dominance of Asia Pacific in the global truck-mounted concrete pump market. Urbanization in developing countries has led to rise in construction activities which in turn have increased the demand for truck-mounted concrete pumps for the construction sector. The high demand for buildings and short possession period has created huge demand for truck mounted concrete pumps from construction companies. The rebuilding of the economy in countries such as the U.S. and U.K. post economic recession in 2008-09, has been estimated to have a decent growth for truck mounted concrete pumps from construction companies in the near future. Development projects in countries such as China, India, and Japan are expected to boost the demand for truck-mounted concrete pumps in the near future.

SANY GROUP and Zoomlion Heavy Industry Science & Technology Co., Ltd are the major manufacturers of truck-mounted concrete pumps. Some of the other players operating in the global market include Aquarius Engineers Pvt Ltd, XCMG Group., Beston (Henan) Machinery Co., Ltd, RTK Engineering Co, Schwing Stetter, and Sebhsa.

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