Infinium Global Research Concrete Pumps Market | Page 2
Concrete Pumps Market: Trends and Forecast -2024
The Infinium Global Research analyzes the report of Concrete Pumps Market over
the period of 2018 to 2024. This report also provides detailed qualitative and
quantitative analyses of the market dynamics, market size and future trends in
Global Concrete Pumps Market. It will help a lot of decision makers to develop
strategies and find new opportunities in the Global markets of Concrete Pumps.
The report covers market changing aspects including drivers, restraints,
opportunities, and trends expected to encouragement the expansion of the
Concrete Pumps Market during the said period. The report also provides market
attractiveness analysis, by geography, and market share analysis, by key players
respectively. Some of the prominent participants in the Global Concrete Pumps
Market are Alliance Concrete Pumps, Inc., Sany Group, Zoomlion Heavy Machinery
Co, Ltd, LIEBHERR Group, SCHWING GmbH and PUTZMEISTER. According to report
the global concrete pumps market is projected to grow at a CAGR of 6.4% over the
forecast period of 2018-2024.
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A concrete pump is a machine used for transferring liquid concrete by pumping.
Concrete pump is particularly important in transforming the construction of large
high-rise buildings and structures. It is known as a boom concrete pump because it
uses a remote-controlled articulating robotic arm called a boom to place concrete
accurately. Boom pumps are used on most of the larger construction projects, as
they are capable of pumping at very high volumes of the placing boom.
Increasing infrastructural investment is the key driving factor for the growth of
concrete pumps market. Additionally, increasing demand for high capacity concrete
pumps are fueling the concrete pumps market. However, high cost of concrete
pumps is likely to hamper the adoption of small industries with less capital
investment. In addition, increase in concern regarding economic recession are
anticipated to delay the infrastructure activities owing to the political instability
and insufficient funds.
Furthermore, the growing trend of high-rise buildings, complex design, and mega
structure construction have resulted in increased output and improved productive
concrete pumps. This in turn have opened several doors of opportunity for the
growth of the concrete pumps market over the upcoming years. Moreover,
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