Sales of Concrete Mixer Market Bolster with Technological Boost across Product Category, reports FactMR study

In order to dissert the market scenario prevailing across the concrete mixer market sector, FactMR has evenly presented a concrete mixer market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the concrete mixer market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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In Brief:

• The concrete mixer market registered a CAGR of over 3% during the period 2014 to 2028. Gains in the concrete mixer industry have been sustained by the traditionally pervasive trend of flexibility in the development of mixing technologies.
• The concrete mixer market was estimated upwards of US$ 5,100 Mn in 2018, and record a CAGR of over 4% through 2029.
• Asia-Pacific excluding Japan (APEJ) remains the leading market for concrete mixer, underpinned by growing government efforts to improve the public infrastructure, alongside resurgent rise in the construction activities.
• APEJ is also expected to be a high-growth market for concrete mixers, with sales estimated to record a Y-o-Y of nearly 6% in 2019 over 2018.
• The advent and growing presence of hybrid mixers is an emerging trend in the concrete mixer industry, as these equipment possess eco-sustainable attributes.

What are Key Growth Determinants of the Concrete Mixer Market?

• Emphasis on cost-effectiveness and ergonomics vis-à-vis safety has grown unabated in the construction equipment industry, leading to the development of new generation concrete truck mixer that facilitate end-users realize smooth handling, low cleaning cost, and higher payload.
• The concept of innovative accessories has propelled developments that enable flexible installations of attachment parts, thereby increasing the operational efficiency of concrete mixers, and in turn complementing their sales.

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Concrete Mixer Market: Competitive Overview

• Schwing Stetter, in collaboration with Mahindra Powerol, introduced 4 new models of transit concrete mixer under the theme – “Super Six.” These premium concrete mixers leverage the IoT to assure highly efficient and productive operations.
• AJAX has recently unveiled three concrete mixers designed to aid operators with enhanced quality, greater flexibility, and increased speed. Key attributes of these new concrete mixers from AJAX include more throughput, workability, and productivity at real-time, along with auto-cleansing system, and non-directional tires with a puncture-proof solution.

Caterpillar Inc. has contributed to sustainable progress, driving positive transformations over the years. Customers look to Caterpillar for helping them develop robust infrastructures and energy & natural resource assets. The world’s leading construction & mining equipment manufacturer, Caterpillar principally operates via 3 primary segments – energy & transportation, resource industries, and construction industries. The company recorded revenues over US$ 45 Bn in 2017.

Liebherr-International AG has been a leading heavy construction equipment manufacturer, including products that range from crawler and mobile cranes, to mining trucks and concrete mixers. Revenues from overall product & equipment sales of Liebherr in 2017 closed in on 9845 Mn. The company has recently introduced an entirely redeveloped truck-mounted concrete pump, with its proprietary Powerbloc drive unit.