The global concrete transport truck market is expected to grow at a CAGR of 2.90% during the forecast period, reaching a total market size of US$12.454 billion in 2025 from US$10.492 billion in 2019 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 is in 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 6m3, 6m3 to 10m3, 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 are involved in advancements and investments in this market, thus 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 as front discharge and rear discharge. Rear discharge concrete transport trucks hold a significant share in the market owing to the fact that these 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 as 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 leading to many new construction sites and projects that have boosted the demand for these vehicles.
The global concrete transport truck market is competitive owing to the presence of well-diversified international, regional and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.
The global concrete transport truck market has been segmented by type, capacity, and geography.
Frequently Asked Questions (FAQs)