At 2.1% CAGR, South & Central America Concrete Pumps Market is Projected to be Worth US$ 89.23 Million by 2031, says Business Market Insights

According to Business Market Insights research, the South & Central America concrete pumps market was valued at US$ 75.60 million in 2023 and is expected to reach US$ 89.23 million by 2031, registering a CAGR of 2.1% 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 South & Central America concrete pumps market growth.

Technological advancements in concrete pumps have led to improvements in their overall performance, safety, and efficiency. Manufacturers across the globe are already integrating IoT technology into concrete pumps to provide advanced products to end users. The GPS tracking and telematics sensors in the concrete pumps provide precise monitoring and diagnostics that lead to reduced downtime. In addition, the modern concrete pumps come with remote handling and boom stability technology, which ensures enhanced worker safety at the construction site and leads to reduced accident cases. Further, with the help of sensors, end users can track the energy usage and requirements stats of the concrete pumps, which helps reduce overall energy consumption. Considering the ongoing sustainability trends across the globe, the need for such advanced technology has increased. Further, with the help of fleet management solutions integrated into the concrete pumps, end users can monitor the fleet for operational efficiency and predictive maintenance, among others. With the increasing demand for IoT technology and growing sustainability trends, many concrete pump manufacturers are taking various initiatives to provide innovative concrete pump solutions. For instance, in April 2024, SCHWING-Group announced a partnership with Trackunit to install fleet tracking technology in its concrete pump portfolio. In February 2024, Liebherr launched its 36 XXT concrete pump. This concrete pump is integrated with advanced technologies, one of which is a modern radio remote control. This technology allows the user to operate the boom movement effectively. Such technological advancements and sustainability trends are expected to drive the adoption of concrete pumps in the near future.

On the contrary, the high cost of concrete pumps and availability of alternative techniques hamper the growth of the South & Central America concrete pumps market.

By type, the South & Central America concrete pumps market is segmented into boom pumps, line pumps and specialized pumps. The boom pumps held 78.0% share of South & Central America concrete pumps market share in 2023, amassing US$ 58.96 million. It is projected to garner US$ 70.39 million by 2031 to register 2.2% CAGR during 2023-2031.

By reach, the South & Central America 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 58.7% share of South & Central America concrete pumps market share in 2023, amassing US$ 34.62 million. It is projected to garner US$ 42.71 million by 2031 to register 2.7% CAGR during 2023-2031.

By end user, the South & Central America concrete pumps market is segmented into commercial, residential, and industrial. The commercial held 65.4% share of South & Central America concrete pumps market share in 2023, amassing US$ 49.46 million. It is projected to garner US$ 60.21 million by 2031 to register 2.5% CAGR during 2023-2031.

By power capacity, the South & Central America concrete pumps market is segmented into over 76 KW, 46-75 KW, and 30-45 KW. The over 76 KW held 64.4% share of South & Central America concrete pumps market share in 2023, amassing US$ 48.71 million. It is projected to garner US$ 59.82 million by 2031 to register 2.6% CAGR during 2023-2031

Based on country, the South & Central America concrete pumps market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 63.4% share of South & Central America concrete pumps market in 2023. It was assessed at US$ 47.93 million in 2023 and is likely to hit US$ 58.07 million by 2031, registering a CAGR of 2.4% 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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