Concrete Pumps Market Report: Size, Share and Outlook by 2031

The concrete pumps market was valued at approximately US$ 3.35 billion in 2023 and is projected to grow to US$ 5.05 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5.3% during the period from 2023 to 2031.

This market is categorized into five primary regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. In 2023, North America led the market, followed closely by Europe and the Asia Pacific region.

A robust infrastructure is crucial for the economic stability and growth of any nation. Consequently, governments and construction firms worldwide are making substantial investments in infrastructure development. For instance, in October 2024, the US government unveiled the Hudson River Tunnel Project, a significant initiative valued at US$ 16 billion. This project aims to construct a tunnel that will facilitate a railway connection between the Hudson River and New Jersey, with plans to commence in 2025. Additionally, the US Department of Transportation announced in October 2024 a funding allocation of US$ 635 million for 22 bridge projects across both rural and urban areas in the United States. Furthermore, data from the European Construction Industry Federation, published in June 2024, indicated that the European Federal Government plans to initiate 400 bridge construction projects in 2026 to upgrade aging infrastructure throughout Europe. Such substantial investments are anticipated to positively influence the growth of the concrete pumps market during the forecast period.

North America, comprising the US, Canada, and Mexico, is experiencing a surge in demand for infrastructure projects, driven by the need for renovations, repairs, and rapid urbanization. The construction sector's expansion is a key factor contributing to the growth of the concrete pumps market in this region. According to the Association of Equipment Manufacturers (AEM), the US construction market is expected to see a growth rate of 3% in 2024. The increasing investments in energy, power, and oil & gas infrastructure are likely to further boost the demand for concrete pumps in the upcoming years.

The concrete pumps market is divided into several types, including boom pumps, line pumps, and specialized pumps. Among these, the boom pumps segment accounted for a significant share of the market in 2023. Boom pumps, typically mounted on trucks, are utilized for pouring large volumes of concrete from elevated positions. They are particularly effective for complex construction projects, such as high-rise buildings, due to their ability to extend up to 72 meters. The rising demand for high-rise construction projects globally is propelling the need for boom pumps. For example, in February 2024, Azizi Developments announced the Burj Aziz Tower project in Dubai, which is set to exceed 679 meters in height, positioning it as the second tallest building in the world.

Key players in the concrete pumps market include 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. These companies are profiled in the market study, highlighting their contributions to the industry.

The overall size of the concrete pumps market has been determined through a combination of primary and secondary research methods. Extensive secondary research was conducted using both internal and external sources to gather qualitative and quantitative data regarding the concrete pumps market size. This approach also facilitated an overview and forecast of the market across various segments. Additionally, numerous primary interviews were held with industry stakeholders to validate the findings and gain deeper analytical insights. This process involved engaging with industry experts, including VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the concrete pumps sector.