At 2.8% CAGR, Middle East & Africa Concrete Pumps Market is Projected to be Worth US$ 238.09 Million by 2031, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa concrete pumps market was valued at US$ 190.43 million in 2023 and is expected to reach US$ 238.09 million by 2031, registering a CAGR of 2.8% 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 Middle East & Africa concrete pumps market growth.

Factors such as increasing population, urbanization, and growing per capita income are increasing the demand for residential units across the globe. As per the data published by the United Nations in 2022, the share of urbanization increased to ~57% in 2022 compared to 52% in 2012. In addition, in 2021, the global population reached almost 8 billion from 7 billion in 2011. These statistics show increased urbanization and population trends globally. This has led to increased demand for residential units across the globe. As per the data published by the Global Cement and Concrete Association in 2020, global cement production reached 4 billion metric tons. All these factors show an increased need for residential units and cement across the globe, leading to a rise in demand for concrete pumps, ultimately driving the concrete pumps market.

On the contrary, high cost of concrete pumps and availability of alternative techniques hamper the growth of the Middle East & Africa concrete pumps market.

By type, the Middle East & Africa concrete pumps market is segmented into boom pumps, line pumps, and specialized pumps. The boom pumps held 75.8% share of Middle East & Africa concrete pumps market share in 2023, amassing US$ 144.38 million. It is projected to garner US$ 182.35 million by 2031 to register 3.0% CAGR during 2023-2031.

By reach, the Middle East & Africa 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 53.3% share of Middle East & Africa concrete pumps market share in 2023, amassing US$ 76.90 million. It is projected to garner US$ 101.25 million by 2031 to register 3.5% CAGR during 2023-2031.

By end user, the Middle East & Africa concrete pumps market is segmented into commercial, residential, and industrial. The commercial held 64.7% share of Middle East & Africa concrete pumps market share in 2023, amassing US$ 123.23 million. It is projected to garner US$ 159.14 million by 2031 to register 3.2% CAGR during 2023-2031.

By power capacity, the Middle East & Africa concrete pumps market is segmented into over 76 KW, 46-75 KW, and 30-45 KW. The over 76 KW held 60.3% share of Middle East & Africa concrete pumps market share in 2023, amassing US$ 114.85 million. It is projected to garner US$ 151.40 million by 2031 to register 3.5% CAGR during 2023-2031

Based on country, the Middle East & Africa concrete pumps market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 39.0% share of Middle East & Africa concrete pumps market in 2023. It was assessed at US$ 74.19 million in 2023 and is likely to hit US$ 98.05 million by 2031, registering a CAGR of 3.5% 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 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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