The concrete pumps market size was valued at US$ 3.35 billion in 2023 and is expected to reach US$ 5.05 billion by 2031; it is estimated to record a CAGR of 5.3% from 2023 to 2031.

The concrete pumps market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and Asia Pacific, respectively.

Strong infrastructure in any country plays an important role in the country"s economy and overall development; hence, governments and construction companies across the globe are investing heavily in the development of the infrastructure. In October 2024, the US government announced the Hudson River Tunnel Project worth US$ 16 billion. In this project, the government plans to construct a tunnel to build a railway track connecting the Hudson River to New Jersey. This project is expected to launch in 2025. In October 2024, the US Department of Transportation announced US$ 635 million in funding for 22 small and medium-sized bridge projects in rural and urban parts of the US. According to the data published by the European Construction Industry Federation in June 2024, the European Federal Government announced 400 bridge construction projects in 2026 in order to renovate the aged bridges across Europe. Such investments in infrastructure is expected to positively impact the Concrete Pumps market growth during the forecast period.

North America consists of the US, Canada, and Mexico. Factors such as the rise in demand for infrastructure development, an increase in the need for renovation and repair work, and rapid urbanization influence the concrete pumps market growth. The development in the construction sector is one of the prime reasons for the growth of the concrete pumps market in North America. As per the Association of Equipment Manufacturers (AEM), the US construction market is expected to grow by 3% in 2024. The growing investment in the development and expansion of energy & power and oil & gas infrastructure is anticipated to fuel the demand for concrete pumps in the coming years.

Based on type, the Concrete Pumps market is bifurcated into boom pumps, line pumps, and specialized pumps. The boom pumps segment held the significant Concrete Pumps market share in 2023. Boom pumps are mostly truck-mounted pumps that are used when a large amount of concrete needs to be poured from a height. These pumps are best suited for the construction of complex structures such as large-scale projects and high-rise buildings, as the arm of these pumps can reach up to 72 meters. Increasing demand for high-rise constructions across the globe is driving the demand for boom pumps. For instance, in February 2024, Azizi Developments announced the Burj Aziz Tower project in Dubai. This tower will be more than 679 meters in height and will become the second tallest project globally.

Alliance Concrete Pumps Inc.; Concord Concrete Pumps Inc.; DY Concrete Pumps Inc.; KCP Concrete Pumps Ltd.; Zoomlion Heavy Industry Science and Technology Co Ltd.; XCMG Construction Machinery Co Ltd; Sany Heavy Industry Co Ltd; Liebherr-International AG; AJAX Engineering Limited; Sermac Srl; BETONSTAR; LUTON Group; Sebhsa; Putzmeister America, Inc.; and CIFA S.p.A are among the key Concrete Pumps market players that are profiled in this market study.

The overall concrete pumps market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the concrete pumps size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the concrete pumps market.