Concrete Mixers Equipment Market Size, Share, Growth, and Industry Analysis, Segmentation By Type (Below 2 m3 Type, 2-10 m3 Type, Above 10 m3 Type and Others), By Application (Construction Sites, Roads and Bridges), Regional Insights and Forecast to 2031

Updated On: 06 May 2024

CONCRETE MIXERS EQUIPMENT MARKET REPORT OVERVIEW

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The global concrete mixers equipment market size was USD 5248.8 million in 2022 and the market is projected to touch USD 6786.3 million by 2029, exhibiting a CAGR of 3.7% during the forecast period.

In the construction sector, concrete mixers are devices that combine sand, aggregate (crushed stone or gravel), cement, and an admixture, which is a water-resistant ingredient, to form concrete. Their size varies according to their intended use, which might include industrial operations like building roads and bridges or construction sites. The capacity of concrete mixers to produce ready-to-use concrete varies, and they can be batch or continuous types of mixer equipment. The rise in demand for new infrastructure development worldwide, particularly in developing nations like China and India, may be ascribed to the expansion.

COVID-19 Impact: Pandemic Havocked the Market Growth with Halts and Project Delays in the Construction Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

In 2020, the construction sector suffered due to the COVID-19 outbreak and its spread, which led to a decrease in the demand for concrete mixers. They therefore saw a decline in their earnings. In the first half of 2020, the market's growth trajectory decreased as a result. The first quarter of 2021 saw the continuation of this pattern. The implementation of lockdowns, restrictions, and economic difficulties resulted in the postponement or cancellation of several construction projects. The need for concrete mixers and other construction equipment was directly impacted by this. Nonetheless, as a result of the nation's limitations being loosened, an increase in building activity was seen around the world following the epidemic. Throughout that time, the market will absorb all of the losses and expand at a certain rate.

LATEST TRENDS

"Customizable Options and Automated Solutions to Buckle Up the Market Sales"

Concrete mixer manufacturers are increasingly providing modular designs and configurable features. This makes it possible for construction businesses to simply adjust to changing project requirements and customize the equipment to meet their own demands. The construction equipment industry is witnessing an increasing prevalence of automation and autonomy. Automated features in concrete mixers can improve pouring and mixing accuracy, increasing productivity and lowering labor costs.

CONCRETE MIXERS EQUIPMENT MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into below 2 m3 type, 2-10 m3 type, above 10 m3 type and others.

Below 2 m3 Type: As the most basic sort of equipment, the mixer shown below is frequently utilized on small construction sites or as a secondary unit in larger projects. For the most part, they are hand-cranked appliances that combine dry materials into a stiff slurry. A volume of two cubic meters (m3) or less may be present. As low-rise and tiny structures become more common in emerging economies, there will likely be a greater need for this kind of mixer. These machines might also be utilized on construction sites with limited space or when a smaller batch of concrete is needed due to their compact size.

2-10 m3 Type: A medium-sized concrete mixer is one that may be utilized for a project that has a volume of between 200 and 800 cubic meters. This is due to the fact that its dimensions range from two (m) to ten (m) for width, height, and length. Products that fit into the small or big size categories depend on their dimensions, which are either below or above this range. These mixers are employed in a variety of settings, such as industrial settings, building sites, and road and bridge constructions.

Above 10 m3 Type: When it comes to concrete mixers larger than 10 m3, the machinery is built for high output volumes. They provide a great alternative for building projects that need for large quantities of aggregates and cement. Precast plants come in a variety of forms, including truck-mounted, fixed, and mobile units. When building highways or bridges with sturdy foundations needed to support large weights over extended periods of time, the above 10 m3 kind is utilized.

• By Application

Based on application the global market can be categorized into construction sites, roads and bridges and others.

Construction Sites: One of the main locations where concrete mixer equipment is used is on construction projects. They are frequently used to mix cement, sand, water, and aggregate on building sites so that new concrete may be made right away. They can be utilized fixed or mobile. As it becomes possible to make fresh batches of concrete in small quantities instead of huge quantities, this is an affordable solution to shorten the waiting times for projects. Because the concrete mixture from these machines is already mixed with elements that are already present at the site, it doesn't require extra aggregates like crushed stone or gravel. Utilizing this equipment on building sites also simplifies the use of ready-mixed concrete by lowering transportation costs since it allows for local storage of the material instead of purchasing larger quantities from suppliers, who are sometimes located far away.

Road Construction: When building stiff pavements for roads and highways, concrete mixers are often utilized. They make concrete for road surfaces that need to be extremely durable and able to support heavy loads.

Construction of Bridges: In order for bridges to endure high weights and challenging weather, specific concrete mixtures are frequently needed. The concrete for bridge components such piers, abutments, decks, and beams is prepared using concrete mixers.

DRIVING FACTORS

"Post Pandemic Construction Growth and Infrastructural Development to Build Up the Market Growth"

The need for concrete mixers is driven by the construction industry's general development and expansion. The requirement for equipment to mix and transport concrete to building sites increases as more projects are started. The demand for concrete mixers is mostly driven by government investments in the construction of public works projects such as roads, bridges, airports, and other infrastructure. Large-scale infrastructure projects frequently need for large amounts of concrete. The need for concrete mixers is fueled in part by an increase in development in developing economies. Equipment is required to assist these building projects as emerging nations invest in their infrastructure.

"Urbanization and Population Growth to Multiply the Market Share"

Concrete mixers are required for the preparation of concrete used in foundations, walls, and other structural elements as a result of growing urbanization and population expansion that spur the construction of residential and commercial structures.

RESTRAINING FACTOR

"Mobility Constraints with Limited Height and Reach to Limit the Market Growth"

On building sites with limited space, traditional concrete mixers, particularly big drum mixers, can be heavy and difficult to maneuver. This may pose a problem in cramped work environments or metropolitan regions. The height and reach of the concrete discharge chute on concrete mixers may be restricted. When working in places with different terrain or pouring concrete into high forms, this might be difficult. Hence, the mobility constraints and limitations associated with height and reach of the mixers are expected to hinder the concrete mixers equipment market growth during the forecast period.

CONCRETE MIXERS EQUIPMENT MARKET REGIONAL INSIGHTS

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"The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa."

"Asia Pacific to dominate the Market owing to Extensive Infrastructural Development "

Asia Pacific region dominated the concrete mixers equipment market share in terms of revenue with a share of almost half. The Asia-Pacific area, which comprises China, India, and other Southeast Asian countries, has long dominated the market for construction tools, such as concrete mixers. The region's significant need for concrete mixers may be attributed to factors such as rapid urbanization, population increase, and extensive infrastructure development projects. Furthermore, during the course of the projection period, it is also expected that growing demand for commercial spaces like office buildings and retail malls would propel regional market expansion.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to concrete mixers equipment to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

• SANY (China)

• Oshkosh Corporation (U.S.)

• ZOOMLION (China)

• LiuGong (China)

• TORO (U.S.)

• TEREX (U.S.)

• Xuzhou Construction Machinery Group (China)

• HITACHI (Japan)

• Liebherr (Switzerland).

INDUSTRIAL DEVELOPMENT

• October 2022: Putzmeister introduced their new all-electric concrete mixer and pledged to support sustainable building practices. Based on a SANY electric chassis, the new iONTRON eMixer is electrically powered. The maximum gross weight allowed with the 8x4 axle layout is 34 tons. Because of this, the iONTRON eMixer's battery can operate for a whole day in cities, good for five to six excursions, with a range of up to 150 kilometers.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.