Asia Pacific Concrete Pumps Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 230 | Report Code: BMIRE00032016 | Category: Manufacturing and Construction
No. of Pages: 230 | Report Code: BMIRE00032016 | Category: Manufacturing and Construction
The Asia Pacific concrete pumps market size is expected to reach US$ 2,641.95 million by 2031 from US$ 1,594.55 million in 2023. The market is estimated to record a CAGR of 6.5% from 2023 to 2031.
The Asia Pacific concrete pumps market is segmented into China, Japan, India, South Korea, Australia, Vietnam, Singapore, Malaysia, Philippines, Cambodia, and the Rest of Asia Pacific. Asia Pacific's construction and infrastructure sectors are undergoing robust expansion and development initiatives, propelled by the region's surging economic growth and increasing population. Key infrastructure developments include a growing number of railway stations, commercial spaces, buildings, residential housing, airports, and water treatment facilities. The increase in modernization projects, including Singapore Changi, Beijing Capital International, and Incheon International, is positively impacting the overall construction sector. In Singapore, as per the projected insights from the Building and Construction Authority, the demand for construction projects in 2024 is expected to be between US$ 32 billion and US$ 38 billion, with the majority of the share from the public sector. This can be attributed to the rise in building and construction of public housing and infrastructure projects.
Key segments that contributed to the derivation of the Asia Pacific concrete pumps market analysis are type, reach, end user, and power capacity.
Strong infrastructure in any country plays an important role in the country’s economy and overall development; hence, governments and construction companies across the globe are investing heavily in the development of the infrastructure. In August 2024, the Government of India announced US$ 494 million for the development of hydropower projects in the northeastern part of the country to reach 15,000 MW of capacity in the coming 8 years. In addition, the government announced the construction of approximately 1,000 bridges across the Assam state by 2026. This project is expected to require ~US$ 50 million in funding. Such investments mentioned above by governments across the globe are expected to create lucrative opportunities for construction machines and equipment, ultimately driving the concrete pumps market during the forecast period.
Asia Pacific Concrete Pumps Market Country Insights
Based on country, the Asia Pacific concrete pumps market comprises China, Japan, India, South Korea, Australia, Vietnam, Singapore, Malaysia, Philippines, Cambodia, and the Rest of Asia Pacific. China held the largest share in 2023.
The construction and infrastructure sector in China have witnessed transformative developments driven by rapid economic growth and the nation's ascent as a global economic powerhouse. The country is one of the largest construction markets in the world. The government included an expenditure of US$ 4 trillion on infrastructure development in 2024, which is an increase of ~3.8% compared with the 2023 Budget. In February 2024, the Shanghai government announced its target to initiate work on 24 projects with a combined investment of US$ 5.8 billion in 2024. In March 2024, the government of China announced its target to fund US$ 173 billion in transport infrastructure projects by the end of 2024. Moreover, it announced an investment of US$ 19.6 billion to build 32 railway infrastructure projects in the Yangtze River Delta region through 2024.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1,594.55 Million |
| Market Size by 2031 | US$ 2,641.95 Million |
| Global CAGR (2023 - 2031) | 6.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia Pacific
|
| Market leaders and key company profiles |
Some of the key players operating in the market include 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. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The Asia Pacific Concrete Pumps Market is valued at US$ 1,594.55 Million in 2023, it is projected to reach US$ 2,641.95 Million by 2031.
As per our report Asia Pacific Concrete Pumps Market, the market size is valued at US$ 1,594.55 Million in 2023, projecting it to reach US$ 2,641.95 Million by 2031. This translates to a CAGR of approximately 6.5% during the forecast period.
The Asia Pacific Concrete Pumps Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Concrete Pumps Market report:
The Asia Pacific Concrete Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Concrete Pumps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Concrete Pumps Market value chain can benefit from the information contained in a comprehensive market report.
E 1803, Panchshil Towers, Vagholi, Haveli, Pune- 412207, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Concrete Pumps Market
