An exclusive report by Beyond Market Insights has indicated that the international concrete pump market will be worth US $5.6 billion by 2030.
The report indicates that a compound annual growth rate (CAGR) of 3.8% will see the market reach the $5.6 billion mark by the end of the decade.
The global concrete pump market was valued at US $4.15 billion in 2022, and is being seen as a market which is going to significantly increase in size over the next seven years.
Key players and contributors to the global concrete market as indicated in the report include CPAA members Putzmeister and Schwing.
The demand for pumping has grown exponentially with the worldwide spread of ready-mixed concrete, as well as an increase in global infrastructure investment.
The development of high-rise structures as a result of high rates of urbanisation have also led to an increased demand of concrete pumps.
The efficient and easy delivery of concrete mix to tricky locations on a work site have made concrete pumps an attractice tool to use, and as a result the demand of high-capacity concrete pumps is forecasted to significantly spike over the coming years.
