Europe Concrete Pumps Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 195 | Report Code: BMIRE00032015 | Category: Manufacturing and Construction
No. of Pages: 195 | Report Code: BMIRE00032015 | Category: Manufacturing and Construction
The Europe concrete pumps market size is expected to reach US$ 1,239.08 million by 2031 from US$ 863.31 million in 2023. The market is estimated to record a CAGR of 4.6% from 2023 to 2031.
The Europe concrete pumps market is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Despite high inflation rates and geo-political disturbances such as the Russia-Ukraine war, European countries have steadily grown in the construction and manufacturing industries. Residential construction activities in these countries have experienced slow growth due to high interest rates and low disposable income. However, the commercial and industrial sectors have shown a positive outlook due to the growing government intervention. The oil and gas industry has also experienced changes in the overall scenario as the countries focused on reducing dependency on Russia and emphasizing domestic production and renewable energy. The growing infrastructure development in the oil and gas industry in terms of power plants, oil refineries, and gas stations is driving the concrete pumps market in Europe. For instance, in 2024, the German Federal Government announced its plan to initiate a few major transportation infrastructure projects, which included the Stuttgart 21 Railway Project, the Frankfurt Airport Terminal 3, Fehmarnbelt Fixed Link, and Energy Transition and Green Infrastructure. Similar investments in other countries in the region are expected to propel the demand for concrete pumps during the forecast period.
Key segments that contributed to the derivation of the Europe concrete pumps market analysis are type, reach, end user, and power capacity.
For the last few years, the construction industry has been witnessing labor shortage issues globally. According to the data published by Europe’s Employment and Social Developments in 2023, the labor shortage issues increased by three times compared to those observed in 2013. According to the European Construction Industry Federation, in 2023, in the Netherlands, 27,000 positions in the construction industry remained unfilled, whereas Spain experienced demand for 500,000 workers in the construction industry in 2023. In Bulgaria, the overall labor shortage reached 38.5%, whereas in Germany, the Federal Employment Agency recorded ~52,000 vacancies in 2023. Further, as per the data published by Worldwide Recruitment, a workforce solution provider company, in 2023, the construction industry in the US experienced a 650,000 workers shortage. Due to the increased labor shortage issues across the globe, many real estate developers and construction companies started adopting machines and equipment to increase the efficiency and productivity of the current workforce. Concrete pumps are one of such machines and equipment that are helping construction companies to increase efficiency and productivity. In addition to increased productivity, concrete pumps help reduce the wastage of construction materials. Concrete pumps use less water, which leads to improved quality of the concrete mix, resulting in fewer cracks and other deformities in the construction. In addition, in complex structures, the concrete pumps transfer the concrete mixture to desired areas accurately without any spoilage, which leads to reduced material wastage. Further, the concrete pumps prepare and transfer the concrete mixture at a higher speed compared to manual operations, which leads to decreased construction process time, ultimately increasing profits. Thus, owing to the increasing labor shortage issues and the high efficiency of concrete pumps, the adoption of concrete pumps has increased in the last few years, ultimately driving the market.
Based on country, the Europe concrete pumps market comprises France, Germany, Italy, Russia, the UK, and the Rest of Europe. The UK held the largest share in 2023.
The UK construction sector is one of the largest markets worldwide. As per the data published by the Government of UK in 2023, the new construction output increased by 16% in 2022 to reach a record-high value of US$ 130 billion. In this new construction output, new residential construction dominated the total new construction output with a share of more than 42%. As per the government, the new orders increased by 11.4% to reach US$ 100 billion in 2022. Also, in 2023, the government invested heavily in public infrastructure. According to the Office for National Statistics in 2024, the infrastructure investments of the country increased to US$ 19 billion in 2023, a 3.9% growth from 2022. In addition, as per the data from the Office for National Statistics, total investment in infrastructure in 2023 was US$ 17.2 billion and increased by 3.8% from 2022 to 2023. This includes investment in sectors such as mining, water infrastructure, transport, energy, manufacturing, airports, roads, and railways. With such investments by the government and increased requirements for residential construction, the demand for concrete pumps in the UK is expected to increase in the coming years.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 863.31 Million |
| Market Size by 2031 | US$ 1,239.08 Million |
| Global CAGR (2023 - 2031) | 4.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| 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 Europe Concrete Pumps Market is valued at US$ 863.31 Million in 2023, it is projected to reach US$ 1,239.08 Million by 2031.
As per our report Europe Concrete Pumps Market, the market size is valued at US$ 863.31 Million in 2023, projecting it to reach US$ 1,239.08 Million by 2031. This translates to a CAGR of approximately 4.6% during the forecast period.
The Europe 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 Europe Concrete Pumps Market report:
The Europe Concrete Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Concrete Pumps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Concrete Pumps Market value chain can benefit from the information contained in a comprehensive market report.
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