At 6.5% CAGR, Asia Pacific Concrete Pumps Market is Projected to be Worth US$ 2,641.95 Million by 2031, says Business Market Insights

According to Business Market Insights research, the Asia Pacific concrete pumps market was valued at US$ 1,594.55 million in 2023 and is expected to reach US$ 2,641.95 million by 2031, registering a CAGR of 6.5% from 2023 to 2031. Increasing labor shortage issues and growing investments in infrastructure development are among the critical factors attributed to driving the Asia Pacific concrete pumps market growth.

For the last few years, the construction industry has been witnessing labor shortage issues globally. Due to the increased labor shortage issues across the globe, many real estate developers and construction companies started adopting machines and equipment to increase the efficiency and productivity of the current workforce. Concrete pumps are one of such machines and equipment that are helping construction companies to increase efficiency and productivity. In addition to increased productivity, concrete pumps help reduce the wastage of construction materials. Concrete pumps use less water, which leads to improved quality of the concrete mix, resulting in fewer cracks and other deformities in the construction. In addition, in complex structures, the concrete pumps transfer the concrete mixture to desired areas accurately without any spoilage, which leads to reduced material wastage. Further, the concrete pumps prepare and transfer the concrete mixture at a higher speed compared to manual operations, which leads to decreased construction process time, ultimately increasing profits. Thus, owing to the increasing labor shortage issues and the high efficiency of concrete pumps, the adoption of concrete pumps has increased in the last few years, ultimately driving the market.

On the contrary, the high cost of concrete pumps and availability of alternative techniques hamper the growth of the Asia Pacific concrete pumps market.

By type, the Asia Pacific concrete pumps market is segmented into boom pumps, line pumps, and specialized pumps. The boom pumps held 63.7% share of Asia Pacific concrete pumps market share in 2023, amassing US$ 1,016.25 million. It is projected to garner US$ 1,722.45 million by 2031 to register 6.8% CAGR during 2023-2031.

By reach, the Asia Pacific concrete pumps market is segmented into 30 to 44 m, 45 to 59 m, over 60 m, and less than 29 m. The 30 to 44 m held 53.1% share of Asia Pacific concrete pumps market share in 2023, amassing US$ 539.18 million. It is projected to garner US$ 950.37 million by 2031 to register 7.3% CAGR during 2023-2031.

By end user, the Asia Pacific concrete pumps market is segmented into commercial, residential, and industrial. The commercial held 50.6% share of Asia Pacific concrete pumps market share in 2023, amassing US$ 807.04 million. It is projected to garner US$ 1,431.68 million by 2031 to register 7.4% CAGR during 2023-2031.

By power capacity, the Asia Pacific concrete pumps market is segmented into over 76 KW, 46-75 KW, and 30-45 KW. The over 76 KW held 57.7% share of Asia Pacific concrete pumps market share in 2023, amassing US$ 920.77 million. It is projected to garner US$ 1,620.84 million by 2031 to register 7.3% CAGR during 2023-2031

Based on country, the Asia Pacific concrete pumps market is categorized into China, Japan, India, South Korea, Australia, Vietnam, Singapore, Malaysia, Philippines, Cambodia, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.1% share of Asia Pacific concrete pumps market in 2023. It was assessed at US$ 511.25 million in 2023 and is likely to hit US$ 923.06 million by 2031, registering a CAGR of 7.7% during 2023-2031.

Key players operating in the concrete pumps market are Alliance Concrete Pumps Inc.; Concord Concrete Pumps Inc; DY Concrete Pumps Inc; Zoomlion Heavy Industry Science and Technology Co Ltd; XCMG Construction Machinery Co Ltd; Sany Heavy Industry Co Ltd; Liebherr-International AG; AJAX Engineering Limited; BETONSTAR; Sebhsa; Putzmeister America, Inc.; CIFA S.p.A.; KCP Concrete Pumps Ltd.; Sermac Srl; and LUTON Group, among others.

In March 2024: ZOOMLION showcased 50m pump truck 50X-6RZ. 50X-6RZ pump truck is lightweight, intelligent, digital, and green. For example, the application of active boom damping technology ensures its efficient and stable output; the adaptive power distribution control technology allows the pump truck to automatically adapt to working conditions, greatly improving the pumping efficiency and service life; the self-diagnosis electrical control system can monitor the equipment status in real-time and enable the truck self-check and self-diagnosis, delivering accurate fault locating, and making fault diagnosis and maintenance simpler, more convenient and more efficient.

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