Middle East & Africa Concrete Pumps Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 184 | Report Code: BMIRE00032017 | Category: Manufacturing and Construction
No. of Pages: 184 | Report Code: BMIRE00032017 | Category: Manufacturing and Construction
The Middle East & Africa concrete pumps market size is expected to reach US$ 238.09 million by 2031 from US$ 190.43 million in 2023. The market is estimated to record a CAGR of 2.8% from 2023 to 2031.
The concrete pumps market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The growing development of the construction industry and increasing government investments are key factors propelling the demand for concrete pumps in the Middle East & Africa. In addition, the expanding focus on infrastructure development and ongoing privatization in the construction sector positively impacts the concrete pumps market in the region. Furthermore, the increase in government regulations for efficient construction operations and continuous development in the oil and gas sector are major forces driving the demand for concrete pumps in the Middle East & Africa. The Middle East & Africa are witnessing substantial infrastructure developments fueled by economic growth.
Key segments that contributed to the derivation of the Middle East & Africa concrete pumps market analysis are type, reach, end user, and power capacity.
Technological advancements in concrete pumps have led to improvements in their overall performance, safety, and efficiency. Manufacturers across the globe are already integrating IoT technology into concrete pumps to provide advanced products to end users. The GPS tracking and telematics sensors in the concrete pumps provide precise monitoring and diagnostics that lead to reduced downtime. In addition, the modern concrete pumps come with remote handling and boom stability technology, which ensures enhanced worker safety at the construction site and leads to reduced accident cases. Further, with the help of sensors, end users can track the energy usage and requirements stats of the concrete pumps, which helps reduce overall energy consumption. Considering the ongoing sustainability trends across the globe, the need for such advanced technology has increased. Further, with the help of fleet management solutions integrated into the concrete pumps, end users can monitor the fleet for operational efficiency and predictive maintenance, among others. With the increasing demand for IoT technology and growing sustainability trends, many concrete pump manufacturers are taking various initiatives to provide innovative concrete pump solutions. For instance, in April 2024, SCHWING-Group announced a partnership with Trackunit to install fleet tracking technology in its concrete pump portfolio. In February 2024, Liebherr launched its 36 XXT concrete pump. This concrete pump is integrated with advanced technologies, one of which is a modern radio remote control. This technology allows the user to operate the boom movement effectively. Such technological advancements and sustainability trends are expected to drive the adoption of concrete pumps in the near future.
Based on country, the Middle East & Africa concrete pumps market comprises South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held the largest share in 2023.
Saudi Arabia underwent a decrease in oil prices in recent years. To overcome the impact caused by the drop in prices, the government of the country has announced a new plan, "Saudi Vision 2030." Under this plan, the government intends to focus on the development of the economic condition of the country to bring Saudi Arabia as one of the world's top 15 economies by 2030. The country's ambition to diversify its economy and establish a sustainable future drives remarkable growth in Saudi Arabia's construction activities. As the country moves closer to its Vision 2030 goals, the demand for high-tech infrastructure, commercial and residential properties, and mega-projects is growing rapidly.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 190.43 Million |
| Market Size by 2031 | US$ 238.09 Million |
| Global CAGR (2023 - 2031) | 2.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| 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 Middle East & Africa Concrete Pumps Market is valued at US$ 190.43 Million in 2023, it is projected to reach US$ 238.09 Million by 2031.
As per our report Middle East & Africa Concrete Pumps Market, the market size is valued at US$ 190.43 Million in 2023, projecting it to reach US$ 238.09 Million by 2031. This translates to a CAGR of approximately 2.8% during the forecast period.
The Middle East & Africa 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 Middle East & Africa Concrete Pumps Market report:
The Middle East & Africa Concrete Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Concrete Pumps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa 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 Middle East & Africa Concrete Pumps Market
