South & Central America Concrete Pumps Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.
No. of Pages: 178 | Report Code: BMIRE00032018 | Category: Manufacturing and Construction
No. of Pages: 178 | Report Code: BMIRE00032018 | Category: Manufacturing and Construction
The South & Central America concrete pumps market size is expected to reach US$ 89.23 million by 2031 from US$ 75.60 million in 2023. The market is estimated to record a CAGR of 2.1% from 2023 to 2031.
Brazil and Argentina are among the major countries in the concrete pumps market in South America. The growing construction sector and increasing government initiatives toward upgrading infrastructure development are anticipated to drive the demand for concrete pumps across Brazil, Argentina, Chile, Peru, the Dominican Republic, and Uruguay. The increasing construction of airports, bridges, and metro stations is having a positive impact on the concrete pumps market in South America. Growing urbanization and rising population are boosting the demand for residential and commercial buildings, thereby fueling the application of concrete pumps in the efficient transfer of liquid concrete in construction applications in South America.
Key segments that contributed to the derivation of the South & Central America 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 Brazil, the GRU Airport People Mover in São Paulo, a 2.7 km elevated transit system linking airport terminals to the CPTM railway, is set to open in February 2025 to improve connectivity at Latin America’s busiest airport. Meanwhile, the Senna Tower in Balneário Camboriú, planned to begin construction in late 2025 and finish by 2030, will be a 544-meter, 153-floor residential skyscraper, aiming to be the tallest solely residential building worldwide. In Belém, the 13.2 km Avenida Liberdade highway, has been under construction since mid-2024 and is scheduled for completion by the COP30 summit in November 2025. Further, the Metrotranvía Mendoza light rail system is extending its line by 4.8 kilometers to connect with El Plumerillo International Airport, with completion expected in 2025. Additionally, a 15-kilometer branch to Luján de Cuyo is currently under construction, with an anticipated opening in 2027.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.
Based on country, the South & Central America concrete pumps market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.
The construction and infrastructure sector are experiencing significant growth in Brazil, mainly due to economic development and population growth. Ongoing infrastructure development across airports, railway stations, and commercial buildings propels the growth of the concrete pumps market in the country. Major airports such as those in Sandatilde Paulo and Rio de Janeiro are undergoing expansion and modernization activities to accommodate the rising number of passengers. In addition, the government's commitment to privatization is attracting investments from both domestic and international players. In August 2023, the President of Brazil announced the government's plan to spend US$ 200 billion on the infrastructure, energy, and transportation sectors, among others, from 2024 to 2027. In 2022, in Brazil, the New Development Bank sanctioned US$ 300 million to develop 727,000 smart infrastructures for water supply in the state of Sao Paulo. The development project is also expected to encourage environmental protection by extending wastewater treatment capacity. The rising focus on developing smart facilities to fulfil the growing needs of urban and rural populations further boosts the growth of construction activities, in turn driving the concrete pumps market in Brazil.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 75.60 Million |
| Market Size by 2031 | US$ 89.23 Million |
| Global CAGR (2023 - 2031) | 2.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| 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 South & Central America Concrete Pumps Market is valued at US$ 75.60 Million in 2023, it is projected to reach US$ 89.23 Million by 2031.
As per our report South & Central America Concrete Pumps Market, the market size is valued at US$ 75.60 Million in 2023, projecting it to reach US$ 89.23 Million by 2031. This translates to a CAGR of approximately 2.1% during the forecast period.
The South & Central America 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 South & Central America Concrete Pumps Market report:
The South & Central America Concrete Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Concrete Pumps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Concrete Pumps Market value chain can benefit from the information contained in a comprehensive market report.
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