Concrete Pump Market in Heavy Electrical Equipment Industry to grow by USD 484.11 million

- APAC contributes to the highest incremental growth of 37% of the concrete pump market during the forecast period, as per Technavio

- Concord Concrete Pumps Inc., JUNJIN Corp., and KOREA FLANGE Co. Ltd. are the three major market participants for the concrete pump market

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12 Jul, 2021, 03:00 ET

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NEW YORK, July 12, 2021 /PRNewswire/ --

" The increasing infrastructural investments and rising demand for high-capacity concrete pumps will further boost market growth during the forecast period", says a senior analyst at Technavio.

Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.Download FREE Sample Report

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have At Par impact on the concrete pump market.

The concrete pump market in the heavy electrical equipment industry is expected to grow by USD 484.11 million, progressing at a CAGR of almost 6% during 2020-2024, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Concrete Pump Market in Heavy Electrical Equipment Industry 2020-2024: Key Highlights

Concrete Pump Market in Heavy Electrical Equipment Industry 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, Technavio provides a detailed analysis of around 25 vendors operating in the concrete pump market. Concord Concrete Pumps Inc., JUNJIN Corp., KOREA FLANGE Co. Ltd., Liebherr-International AG, Robert Bosch GmbH, SANY Group Co. Ltd., SCHWING GmbH, Putzmeister Holding GmbH Aichtal, Kyokuto Kaihatsu Kogyo Co. Ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd. are some of the major market participants.

This study identifies rising demand for high-capacity concrete pumps as one of the prime reasons driving the Concrete Pump Market growth during the next few years.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44948

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About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Report link: https://www.technavio.com/report/concrete-pump-market-industry-analysis

SOURCE Technavio