Global Concrete Transport Truck Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Front Discharge, Rear Discharge), By Capacity (Up To 6m3, 6m3 To 10m3, Above 10m3), And By Geography - Forecasts From 2022 To 2027
- Published : Sep 2022
- Report Code : KSI061613162
- Pages : 131
The global concrete transport truck market is expected to grow at a CAGR of 4.98% during the forecast period, reaching a total market size of US$13.481 billion in 2027 from US$9.591 billion in 2020 owing to the easy and convenient transfer of concrete from the loading point to the construction site.
Concrete transport trucks are a type of vehicle that is used to mix concrete and transport it to the construction site.
Generally, the barrel is filled with dry materials and water, and the mixing process then occurs during transport. Also, these trucks can be loaded from a central mix plant, in which case the materials have already been mixed or premixed. To maintain the material’s liquid state, the mixture is agitated or the drum is turned until the point of delivery.
The drum of the concrete transport trucks is fitted with a spiral blade which helps to agitate the mixture. The concrete is pushed deeper into the drum in one direction of rotation, whereas in the other direction the concrete is pushed out. Concrete transport trucks can be classified on the basis of type as front discharge, rear discharge, and others wherein front discharge trucks have the opening of the drum containing concrete mix in the front, whereas rear discharge trucks have the opening of the drum at the back. Also, these trucks are available in different capacities, such as up to 6 m3, 6 m3 to 10 m3, and more than 10m3. As there are many construction activities and projects coming up the requirement for these trucks has increased. Furthermore, there are key players that are involved in advancements and investments in this market, so these factors will help in bolstering the market growth of concrete transport trucks.
On the basis of type, the global concrete transport truck market is segmented into front discharge and rear discharge. Rear discharge concrete transport trucks hold a significant share in the market owing to the fact that they are one of the most commonly used types of concrete transport trucks.
By capacity, the global concrete transport truck market has been segmented as up to 6m3, 6m3 to 10m3, and more than 10m3. 6m3 to 10m3 holds a significant share in the market owing to the fact that most transport trucks use drums of this capacity, which can carry a good amount of cement mix to the construction site.
The concrete transport truck market is segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and South America. Asia-Pacific holds a significant share in the market due to the rising construction activities that lead to many new construction sites and projects that have boosted the demand for these vehicles.
Recent development and expansions
- In September 2020, ZOOMLION 20 concrete Trucks were deployed in Uzbekistan. The company participated in the construction of a large-scale local railway tunnel project with complete sets of products such as a spraying manipulator, mixer truck, mixing plant, and trailer pump and endured severe cold conditions. Customers praised the product's quality. In recent years, the company has pursued growth in Uzbekistan through a 'localization' strategy.
- SANY introduced Battery-Electric Concrete Mixer Trucks in September 2020. These trucks have been delivered to and commissioned for its strategic partners in China, rather than being in prototype form. SANY's battery-powered solutions will help customers gain confidence in dealing with increasingly stringent emission regulations.
- The largest lock in the world, costing over USD 800 million, was built in IJmuiden in 2020 with help from Liebherr Mobilmix 3.5. This project, which will link Amsterdam to the sea, calls for over 300,000 m3 of concrete.
COVID-19 impact on the Concrete Transport Truck Market
Construction activities were greatly hampered by the Covid-19 outbreak. The market was impeded by a paucity of workers and a disrupted supply chain. The market for concrete trucks was impeded by the fact that the manufacturing and oil & gas sectors were among the worst hit by the pandemic. However, the pandemic is slowly coming to an end, and all industries will soon return to their regular production and service levels.
Global Concrete Transport Truck Market Scope:
|Market Size Value in 2020||US$9.591 billion|
|Market Size Value in 2027||US$13.481 billion|
|Growth Rate||CAGR of 4.98% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Capacity, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Zoomlion Heavy Industry Science Technology Co., Ltd., SANY GROUP, Liugong Construction Machinery Jiangsu Co.,Ltd, XCMG Group, Terex Corporation, McNeilus Truck and Manufacturing, Ernest Industries Inc., Metalgalante S.p.A., Liebherr-International Deutschland GmbH|
|Customization Scope||Free report customization with purchase|
- By Type
- Front Discharge
- Rear Discharge
- By Capacity
- Up to 6m3
- 6m3 to 10m3
- Above 10m3
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What is the size of the global concrete transport truck market?
A1. Concrete Transport Truck Market was valued at US$9.591 billion in 2020.
Q2. What will be the global concrete transport truck market size by 2027?
A2. The global concrete transport truck market is expected to reach a market size of US$13.481 billion by 2027.
Q3. What are the growth prospects for the global concrete transport truck market?
A3. The concrete transport truck market is expected to grow at a CAGR of 4.98% over the forecast period.
Q4. How is the global concrete transport truck market segmented?
A4. The global concrete transport truck market has been segmented by type, capacity, and geography.
Q5. Which region holds the largest market share in the concrete transport truck market?
A5. Asia-Pacific holds a significant share in the concrete transport truck market due to the rising construction activities that lead to many new construction sites and projects that have boosted the demand for these vehicles.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Concrete Transport Truck Market, By Type
5.1. Front Discharge
5.2. Rear Discharge
6. Global Concrete Transport Truck Market, By Capacity
6.1. Up to 6m3
6.2. 6m3 to 10m3
6.3. Above 10m3
7. Global Concrete Transport Truck Market, By Geography
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Zoomlion Heavy Industry Science Technology Co., Ltd.
9.2. SANY GROUP
9.3. Liugong Construction Machinery Jiangsu Co.,Ltd
9.4. XCMG Group
9.5. Terex Corporation
9.6. McNeilus Truck and Manufacturing
9.7. Ernest Industries Inc.
9.8. Metalgalante S.p.A.
9.9. Liebherr-International Deutschland GmbH
Zoomlion Heavy Industry Science Technology Co., Ltd.
Liugong Construction Machinery Jiangsu Co.,Ltd
McNeilus Truck and Manufacturing
Ernest Industries Inc.
Liebherr-International Deutschland GmbH
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