The concrete pump market size was valued at US$ 3.8 billion in 2019 and is expected to reach US$ 4,853.2 million by 2027, growing at a CAGR of 4.0% from 2020 to 2027. A concrete pump is a machine that delivers liquid concrete by pumping. The pump works by having one piston suck the liquid concrete from a hopper into a cylinder, while the other piston simultaneously discharges the concrete from the hopper.

       Concrete pumps play an important role in the revolutionary development of high-rise building and construction. In the current construction, the need to pour concrete in hard-to-reach places has required the use of pumps. Especially with the rapid development of ready-mix concrete production worldwide, the demand for pumping has also increased exponentially. Although the ease of pumping depends on the type of pump available, the operation is affected by the distance the concrete needs to be transported, the properties of the concrete, and other details.
       Increasing investment in infrastructure is one of the major factors driving the global concrete pump market. Other key factors driving the demand for concrete pumps, especially in developing regions of the world, are rapid urbanization and improving lifestyles of consumers across the globe. Additionally, one of the major trends is the rising demand for high-capacity concrete pumps, which is expected to drive the growth of the global market during the forecast period. However, to minimize the impact of COVID-19, countries across the world have imposed lockdowns, restricted the movement of people, and reduced construction activities. These factors are adversely affecting the growth of the concrete pump market. Additionally, many companies and suppliers in the concrete pump industry depend on the supply of materials from other countries. Government restrictions on the movement of people have halted global logistics operations, causing difficulties in the supply chain of materials.
       In addition, the unstable economic situation in Latin America is also holding back market growth. Instead, many companies are focusing on developing on-board pumps with advanced features, such as integrating all hydraulic switches and measuring instruments. For example, in January 2019, Liebherr International AG presented the 42 M5 XXT truck-mounted concrete pump at the World of Concrete 2020 in Las Vegas, Nevada. It is equipped with the XXT support leg system, which provides versatility when installing the pump.
       In addition, the growing trend of high-rise buildings, complex projects, megastructure construction and complex structural planning, as well as the increasing pressure on project implementation, have led to the demand for high-capacity, high-performance and high-efficiency concrete pumps, which in turn should provide significant profits for the expansion of the global market. In addition, the extensive R&D activities of equipment manufacturers will enable them to develop more fuel-efficient and fuel-efficient machines with lower carbon emissions. For example, German concrete pump manufacturer Schwing GmbH offers concrete pumps with an open hydraulic circuit, which provides greater fuel efficiency due to less heat generation and more efficient energy conversion. It saves at least 12% of fuel compared to similar competing products.
       The global concrete pump market is segmented by type, industry, and region. By type, the market is segmented into truck-mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps. By industry, the market is segmented into industrial, commercial, and domestic. By region, the market analysis covers North America, Europe, Asia Pacific, and Latin America and Africa.
       The Asia Pacific region dominated the market in 2019 and is expected to grow at a significant rate during the forecast period.
       In 2019, the Asia Pacific region dominated the market and held the largest share, and the trend is expected to continue throughout the forecast period. This is attributed to the increase in funding and increasing focus of government agencies on infrastructure development in the region. Additionally, emerging economies such as India, China, and Indonesia have attracted significant investments from various countries, which has contributed to the growth in demand for concrete pumps across industries for infrastructure and construction projects. For example, in January 2019, China invested $163 billion in infrastructure to combat the economic slowdown. The new construction projects include two major airports and railway stations. Similarly, in September 2018, private equity firm I Squared Capital raised $7 billion for new infrastructure projects in India.
       Key market players profiled in the concrete pump market report include Ajax Fiori Engineering, Alliance Concrete Pumps, Concord Concrete Pumps, DY Concrete Pumps, Junjin, Liebherr, PCP Group, Sany, Schwing Stetter and Sebhsa.
       Major players in the global concrete pump market have adopted key strategies such as new product launches to accelerate market expansion and cope with fierce competition. For example, in January 2020, Liebherr International AG introduced the 42 M5 XXT truck-mounted concrete pump at the World of Concrete 2020 in Las Vegas, Nevada. The package includes the XXT support leg system, which enables flexible pump configuration. Similarly, in January 2018, Liebherr International AG launched the 50 M5 XXT truck-mounted concrete pump. The development of the 50 M5 XXT focused on integrating new technologies and features, reducing the overall weight, and optimizing the product dimensions.
       Ajax Engineering Pvt. Ltd., Sebhsa, Junjin Heavy Industry Co. Ltd., Concord Concrete Pumps, Schwing Stetter GmbH, Alliance Concrete Pumps Inc., Liebherr-International AG, Sany Heavy Industry Co. Ltd., Premier Concrete Pumping Ltd., DY Concrete Pumps Inc.
       The global concrete pump market is expected to grow significantly in the near future due to the rapid adoption of concrete pumps in tunnel construction, mining, and commercial construction projects. In addition, the adoption of stationary concrete pumps in the residential construction sector has also increased due to significant growth in the real estate sector, improving economic conditions in developing countries, and increasing number of residential and commercial infrastructure projects in emerging economies.
       There are different types of concrete pumps available in the market, but choosing the right equipment for your application is crucial. When choosing equipment, you should consider various parameters such as the complexity of the project, material, cost, quality, schedule, and safety.
       Fuel economy is critical to ensuring your concrete pump truck delivers optimum performance while keeping operating costs low. Using new fuel-efficient concrete pump trucks can reduce operating costs on large construction projects.
       In addition, the expanding application of these concrete pumps in construction, infrastructure, mining and other fields is expected to provide the necessary impetus to the development of the industry in the near future.
       By type, truck-mounted concrete pumps occupied the largest share of the concrete pump market in 2019.
       Increasing investment in urbanization and infrastructure, as well as development of concrete pump technology are key trends in the concrete pump market.
       The top ten market players were selected based on two key characteristics: competitiveness and market positioning.
       The company profiles were selected based on factors such as geographical location, market dominance (in terms of revenue and sales volume), different strategies and recent developments.
       Factors influencing the concrete pump market include the weak economic situation in Latin America and the focus on expanding the housing construction sector.
       Concrete pumps are used for pumping and delivering liquid concrete mixture at construction sites.