Sarasota, FL -- (SBWIRE) -- 12/21/2018 -- Zion Market Research has published a new report titled "Truck Mounted Concrete Pump Market by Product Type (Truck Mounted Concrete Pumps, Stationary Concrete Pumps, and Specialized Concrete Pumps) and by Vertical (Industrial, Commercial, and Domestic): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024''. According to the report, the global truck mounted concrete pump market was valued at around USD 210 million in 2017 and is expected to reach approximately USD 455 million by 2024, growing at a CAGR of slightly above 5% between 2018 and 2024.

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Truck mounted concrete pumps are generally used for the transportation of liquid concrete to construction sites. There are three major types of concrete pumps—boom or truck mounted pump, trailer, line, or stationary pumps, and specialized usage pumps.

The truck mounted concrete pumps are widely used in the construction industry. There is an increase in the product demand from multistoried buildings, skyscrapers, etc. in various countries, which is likely to further drive the truck mounted concrete pump market. The Middle East and Africa have a large number of ongoing construction projects. For instance, Omagine Pearl – a project in Oman – has a net value of around USD 2.0 billion. The project has seven pearl shaped buildings and is expected to create 1000 jobs in the region. Major investments made in infrastructure in China, India, Japan, and Brazil are likely to boost the business scope of the construction industry, which, in turn, will provide impetus to the truck mounted concrete pump market expansion. Due to low-interest rates, the rise in earnings, and significant investments made in construction ventures, both by the government and private sector are likely to provide many lucrative growth opportunities for the players operating in the region's truck mounted concrete pump market. A major restraint factor for the global truck mounted concrete pump market is the high price of the machine.

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The global truck mounted concrete pump market is classified on the basis of product type and vertical. The product type segment includes truck mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps. The verticals include industrial, commercial, and domestic sectors. The industrial sector is expected to dominate the global truck mounted concrete pump market in the future, due to the increased number of construction activities witnessed in different regions globally.

The regional segmentation of the global truck mounted concrete pump market is majorly categorized into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. The Asia Pacific is likely to hold the largest share of the truck mounted concrete pump market in the upcoming years, due to the growing construction activities in the region. The North American truck mounted concrete pump market is also expected to witness significant growth over the forecast time period.

This report covers a detailed competitive outlook of the key participants operating in the global truck mounted concrete pump market, such as Schwing Stetter GmbH, Apollo Inffratech, Concord Concrete Pumps, DY Concrete Pumps, Alliance Concrete Pumps, Junjin, Liebherr Group, Ajax Fiori Engineering, PCP Group, and Putzmeister, among others.

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This report segments the global truck mounted concrete pump market as follows:

Truck Mounted Concrete Pump Market: Product Type Segment Analysis

Truck Mounted Concrete Pumps
Stationary Concrete Pumps
Specialized Concrete Pumps

Truck Mounted Concrete Pump Market: Vertical Segment Analysis

Industrial
Commercial
Domestic

Truck Mounted Concrete Pump Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa