According to the report analysis, ‘Global Truck-mounted Concrete Pumps Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Putzmeister, Shantui, Concord Concrete Pumps, Schwing, SANY, Zoomlion, Kyokuto Kaihatsu Kogyo, Sermac, Liebherr, LiuGong, Junjin, CAMC, XCMG and many more are the foremost companies which presently working in the global truck-mounter concrete pumps market more actively for keep maintaining the governing position, leading the highest market growth, obtaining the competitive edge, registering the great value of market share and generating the highest percentage of revenue by analysing the strategies and policies of government as well as contenders, increasing the features and benefits of truck-mounted concrete pumps, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of truck-mounted concrete pumps, improving the qualitative and quantitative measures of such, establishing the several research and development programs, delivering the better customer satisfaction, decreasing the associated prices of such and establishing the several research and development programs.
In addition, the foremost investments in infrastructure in foremost countries such as China, India, and Brazil are projected to boost the construction industry, which is probable to propel the truck mounted concrete pump market in these countries throughout the forecast period. Business conditions for the international construction industry are good owing to several aspects such as low interest rates, recovery of oil prices, growth in wages, and proficient investment from government and private segments in construction projects. This is projected to boost the global construction industry at a proficient rate, which in turn is estimated to positively impact the global truck mounted concrete pump market. Lack of skilled labor, productivity issues, and delay in delivering projects on time are probable to propel the requirement for concrete pumps during the forecast period. However, continuous increment in construction cost is projected to limit the truck mounted concrete pump market during the forecast duration.
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Asia Pacific holds a protruding share of the global truck mounted concrete pump market. It is projected to maintain its position during the review period. Huge investment in foremost infrastructure projects from the government of China, such as old Silk Road, One Belt and Road mega project, is the propelling construction industry, which in turn fuels the requirement for truck mounted concrete pump in the country. Speedy expansion of the housing and infrastructure sector coupled with plans to contribute the huge amount on construction of highways and roads over the next few years is projected to propel the requirement for truck mounted concrete pump during the review period.
Furthermore, across developing countries, such as India and South Africa, governments are aggressively contributing in road infrastructure, airports, and business parks in order to deliver the facilities for individuals. Consequently, requirement for truck mounted concrete pumps in underdeveloped countries are likely to remain high during the review period.
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Ankur Gupta, Head Marketing & Communications