Concrete Mixer Market Is Set To Provide an Absolute $ Opportunity of US$ 5100 Million by 2027

From 2014 to 2028, the concrete mixer market experienced a CAGR of more than 3%. The historically common trend of flexibility in the development of mixing technology has continued gains in the concrete mixer sector.

The market for concrete mixers was valued at more than US$ 5,100 Mn in 2018 and is expected to grow at a CAGR of over 4% through 2029.The largest market for concrete mixers continues to be Asia-Pacific except Japan (APEJ), which is supported by increasing government efforts to upgrade the public infrastructure and a rebound in construction activity.

For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=3579?SP

Key Challenges Faced by Concrete Mixer Market Stakeholders:

• A potential threat to growth of the concrete mixer market is growing popularity of the ready-mix concrete, which rids the challenge of handling concrete from mixer to myriad points of construction sites. This further reduces the overall cost of a construction project.
• Efficient control of timing, quality and quantity of ingredients, while using a concrete mixer continues to remain a key challenge among end-users. Another key challenge is the lack of skilled operators, which has further been confining adoption of the concrete mixer among contractors.

Research Methodology:

Values and forecast of the concrete mixer market provided in the report are based on a tested & proven research methodology, which involves extensive primary & secondary researches. Data gathered on the concrete mixers market has further been validated by Fact.MR’s in-house industry experts, adding to the credibility of the study. This report serves as an authentic intelligence source for stakeholders in the concrete mixers market, who can make factual, triumphant growth strategies for their businesses.

Concrete Mixer Market: Segmentation

·         Product Type

• In-transit Mixers

• Trailer Concrete Mixers

·         Model Type

• Stationary

• Portable

·         Concrete Capacity

• Upto 5 cubic meters
• 5-10 cubic meters
• More than 10 cubic meters

·         Engine Type

• Diesel

• Electric

• Hybrid

·         Region

• North America

• Latin America

• Europe

• Japan

• Asia Pacific (Excluding Japan)

• Middle East & Africa

For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/3579

What are Key Growth Determinants of the Concrete Mixer Market?

• Emphasis on cost-effectiveness and ergonomics vis-à-vis safety has grown unabated in the construction equipment industry, leading to the development of new generation concrete truck mixer that facilitate end-users realize smooth handling, low cleaning cost, and higher payload.
• The concept of innovative accessories has propelled developments that enable flexible installations of attachment parts, thereby increasing the operational efficiency of concrete mixers, and in turn complementing their sales.
• Connected technologies have already permeated the banks of the construction equipment industry, and recent years have witnessed the development of IoT-enabled and GPS-powered concrete mixers. Higher fuel efficiency, smart operations, and lower cost of ownership, are key features that have been advocating the effectiveness of smart concrete mixers recently.
• Concrete mixer developments and sales are also significantly undergird by rising customer requirement for higher technical standards, and fast navigation & movement ability of these equipment around construction sites.
• The trend of self-loading concrete mixer has a significant contribution to Gains from the concrete mixer market, in light of their application versatility, optimal productivity and reliability. Key attributes of self-loading concrete mixer that attract end-user interest include low cost of operation as well as the product, self-loaded water supply, and elimination of the requirement for transporting prepared concrete mixture.