The mobile concrete mixer market size was valued at $6,755.0 million in 2020, and is expected to reach $11,812.2 million by 2030, registering a CAGR of 5.6% from 2021 to 2030. Mobile concrete mixers are moving trucks or trailers that are used to prepare concrete by mixing cement, sand, water, gravel, and occasionally binding adhesives on the construction site. Concrete mixing drums mounted on a truck chassis are self-driven, whereas drums mounted on trailer chassis need to be pulled by attaching it to another vehicle.
The mobile concrete mixer market is majorly driven by increase in investments by governments, majorly of developing counties, in construction of roads, tunnels, dams, commercial and residential buildings and other civil works. Construction of new infrastructure gives rise to need for concrete, which is prepared on construction sites by using mobile concrete mixers. In addition, mobile concrete mixers can travel in rough terrains and on construction sites where access by road is tough. Thus, helping to prepare concrete on construction sites even in remote areas.
Moreover, concrete mixers produce concrete in batches, which saves wastage of concrete on a large scale, thus saving a considerable amount of construction cost. However, initial buying cost of concrete mixers is high and need regular maintenance for smooth working. This leads to high investment and maintenance cost, which acts as restraint for the market. Furthermore, during the COVID-19 outbreak, construction, manufacturing, and oil & gas industries were majorly affected. Construction activities were also stopped or restricted to a huge extent. Manufacturing and transportation activities along with their supply chains were hampered on a global level. This directly hampered the mobile concrete mixer market growth. However, the market gained stability in third and fourth quarter of 2020. Moreover, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of mobile concrete mixer companies at their full-scale capacities, which is expected to help the market to start to recover by mid-2021.
By Capacity
6-10 m³ segment holds the largest share in Mobile Concrete Mixer market
On the contrary, introduction of electric concrete mixing trucks help in achieving eco-friendly solutions and reduces operating costs of the trucks. In addition, newly launched trucks are more advanced and easily configured to IoT systems, which is expected to be a powerful trend in the future. These factors are expected to be a major opportunity for growth of the mobile concrete mixer market during the forecast period.
The mobile concrete mixer market is segmented on the basis of capacity, product type, chassis type, and region. On the basis of capacity, the market is divided into less than 6 m³, 6–10 m³, and above 10 m³. Depending on product type, it is classified into standard and volumetric. On the basis of chassis type, it is divided into truck and trailer. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
By Product Type
Standard segment holds dominant position in 2020
By capacity, in 2020, the 6–10 m³ segment dominated the mobile concrete mixer market, in terms of revenue, and the less than 6 m³ segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of product type, the standard segment led the market in 2020, in terms of revenue, and the volumetric segment is anticipated to register highest CAGR during the forecast period. On the basis of chassis type, the truck segment led the market in 2020, in terms of revenue, and the trailer segment is anticipated to register highest CAGR during the forecast period. By region, Asia-Pacific led the market in 2020, in terms of revenue, and LAMEA is anticipated to register the highest CAGR during the forecast period.
By Region
Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.
Competition analysis
The major players profiled in the mobile concrete mixer market include AB Volvo, KYB Corporation, Liebherr-International AG, Navister Inc., Oshkosh Corporation, Sany Group, Schwing Stetter Group, Sinotruk, Tata Motors and Zoomlion Heavy Industry Science and Technology Co., Ltd. Major companies in the market have adopted strategies such as business expansion and partnership to offer better products and services to customers in the mobile concrete mixers market.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging mobile concrete mixer market trends and dynamics.
- In-depth mobile concrete mixer market analysis is conducted by estimations for the key segments between 2021 and 2030.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
- The mobile concrete mixer market forecast analysis from 2021 to 2030 is included in the report.
- The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the mobile concrete mixer industry.
Key Market Segments
By Capacity
- Less than 6 m³
- 6-10 m³
- Above 10 m³
By Product Type
- Standard
- Volumetric
By Chassis Type
- Truck
- Trailer
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- AB Volvo
- KYB Corporation
- Liebherr-International AG
- Navister Inc.
- Oshkosh Corporation
- Sany Group
- Schwing Stetter Group
- Sinotruk, Tata Motors
- Zoomlion Heavy Industry Science and Technology Co., Ltd.
Mobile Concrete Mixer Market Report Highlights
| Aspects | Details |
 By CAPACITY |
|
 By PRODUCT TYPE |
|
 By CHASSIS TYPE |
|
 By Region |
|
 Key Market Players | Tata Motors, KYB Corporation, Zoomlion Heavy Industry Science and Technology Co., Ltd., Schwing Stetter Group, AB Volvo, Sinotruk, Sany Group, Liebherr-International AG, Oshkosh Corporation, Navistar Inc. |
Analyst Review
The mobile concrete mixer market is mainly driven by increase in infrastructural development by governments, majorly in developing countries. In addition, easy transportation of concrete to remote and rough terrains is another factor that drives growth of the mobile concrete mixer market. Moreover, high yield and minimum wastage of concrete helps in cost cutting of construction projects, which further helps in growth of sales of mobile concrete mixers. The mobile concrete mixers market was valued at $6,755.0 million in 2020, and is expected to reach $11,812.2 million by 2030, registering a CAGR of 5.6% from 2021 to 2030.
However, high initial investment costs and rise in automobile loan rates acts as restraint for the mobile concrete mixer market. In addition, mobile concrete mixers need frequent maintenance, which, in turn, increasestheir operating cost.Thus, acting as another restraint for the market growth. On the contrary, adoption of automationin trucks and introduction of electric driven drums and engines act as a major opportunity for the mobile concrete mixer market during the forecast period.
Major companies in the market have adopted strategies such as business expansion and partnership to offer better products and services to customers in the mobile concrete mixer market.
The global mobile concrete mixer market size was valued at $6,755.0 million in 2020, and is projected to reach $11,812.2 million by 2030, growing at a CAGR of 5.6% from 2021 to 2030.
The forecast period considered for the global mobile concrete mixer market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.
To get latest version of global mobile concrete mixer market report can be obtained on demand from the website.
The base year considered in the global mobile concrete mixer market report is 2020.
The top companies holding the market share in the global mobile concrete mixer market report include AB Volvo, KYB Corporation, Liebherr-International AG, Navister Inc., Oshkosh Corporation, Sany Group, Schwing Stetter Group, Sinotruk, Tata Motors and Zoomlion Heavy Industry Science and Technology Co., Ltd.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
By capacity, the 6-10 m³ segment dominated the global mobile concrete mixer market, in terms of revenue and is expected to maintain this trend during the forecast period.
By product type, the standard segment is the highest share holder of global mobile concrete mixer market.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The market value of the global mobile concrete mixer market is $7,207.6 million in 2021.
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