At 4.6% CAGR, Europe Concrete Pumps Market is Projected to be Worth US$ 1,239.08 Million by 2031, says Business Market Insights

According to Business Market Insights research, the Europe concrete pumps market was valued at US$ 863.31 million in 2023 and is expected to reach US$ 1,239.08 million by 2031, registering a CAGR of 4.6% from 2023 to 2031. Increasing demand for IoT-Enabled concrete pumps and growing investments in infrastructure development are among the critical factors attributed to driving the Europe concrete pumps market growth.

Strong infrastructure in any country plays an important role in the country’s economy and overall development; hence, governments and construction companies across the globe are investing heavily in the development of the infrastructure. According to the data published by the European Construction Industry Federation in June 2024, the European Federal Government announced 400 bridge construction projects in 2026 in order to renovate the aged bridges across Europe. Further, In July 2024, the European Union announced a €7 billion investment in sustainable transport through the Connecting Europe Facility, funding 134 projects to modernize railways, inland waterways, and ports within the Trans-European Transport Network (TEN-T). This initiative aims to promote cleaner transportation and improve efficiency. Additionally, in June 2023, the EU invested €6.2 billion in 107 sustainable transport projects focused on cross-border rail improvements, maritime port upgrades, and advanced traffic management systems, supporting the EU’s climate objectives and smart mobility initiatives. Also, Belgium is constructing an artificial island, called Princess Elisabeth Island, in the North Sea. Covering an area of 6 hectares and costing €3.6 billion, the island will serve as a hub for offshore wind energy. Construction began in 2024, and completion is expected by 2028.

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

By type, the Europe concrete pumps market is segmented into boom pumps, line pumps, and specialized pumps. The boom pumps held 67.1% share of Europe concrete pumps market share in 2023, amassing US$ 579.23 million. It is projected to garner US$ 846.44 million by 2031 to register 4.9% CAGR during 2023–2031.

By reach, the Europe 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 44.5% share of Europe concrete pumps market share in 2023, amassing US$ 257.67 million. It is projected to garner US$ 398.84 million by 2031 to register 5.6% CAGR during 2023–2031.

By end user, the Europe concrete pumps market is segmented into commercial, residential, and industrial. The residential held 50.2% share of Europe concrete pumps market share in 2023, amassing US$ 433.22 million. It is projected to garner US$ 594.20 million by 2031 to register 4.0% CAGR during 2023–2031.

By power capacity, the Europe concrete pumps market is segmented into over 76 KW, 46-75 KW, and 30-45 KW. The over 76 KW held 56.0% share of Europe concrete pumps market share in 2023, amassing US$ 483.86 million. It is projected to garner US$ 746.06 million by 2031 to register 5.6% CAGR during 2023–2031

Based on country, the Europe concrete pumps market is categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 30.4% share of Europe concrete pumps market in 2023. It was assessed at US$ 262.79 million in 2023 and is likely to hit US$ 403.88 million by 2031, registering a CAGR of 5.5% 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 Feb-2023: SERMAC - Concrete Pumps and CIME-bau s.r.o. announced to have entered a new official dealership for the distribution of concrete machinery in Czech Republic and Slovakia.

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