Product Code: BMIRE00032016
The Asia Pacific concrete pumps market is projected to grow significantly, reaching approximately US$ 2,641.95 million by 2031, up from US$ 1,594.55 million in 2023, reflecting a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2031.
Executive Summary and Market Analysis
The market is divided into several key regions, including China, Japan, India, South Korea, Australia, Vietnam, Singapore, Malaysia, the Philippines, Cambodia, and other parts of Asia Pacific. The construction and infrastructure sectors in this region are experiencing substantial growth, driven by rapid economic development and a rising population. Major infrastructure projects, such as new railway stations, commercial buildings, residential complexes, airports, and water treatment facilities, are on the rise. Notable modernization efforts, including developments at Singapore Changi Airport, Beijing Capital International Airport, and Incheon International Airport, are positively influencing the construction industry. In Singapore, the Building and Construction Authority forecasts that construction project demand will range between US$ 32 billion and US$ 38 billion in 2024, primarily from the public sector, due to increased public housing and infrastructure initiatives.
Market Segmentation Analysis
The Asia Pacific concrete pumps market can be analyzed through various segments:
- Type: The market is categorized into boom pumps, line pumps, and specialized pumps, with boom pumps holding the largest market share in 2023.
- Reach: Segmentation by reach includes categories of less than 29 m, 30 to 44 m, 45 to 59 m, and over 60 m, where the 30 to 44 m segment led the market in 2023.
- End User: The market is divided into commercial, residential, and industrial sectors, with the commercial sector dominating in 2023.
- Power Capacity: This segment includes over 76 KW, 46-75 KW, and 30-45 KW, with the over 76 KW category having the largest share in 2023.
Market Outlook
Robust infrastructure is crucial for a country's economic growth and development, prompting significant investments from governments and construction firms worldwide. For instance, in August 2024, the Indian government announced a US$ 494 million investment for hydropower projects in the northeastern region, aiming for a capacity of 15,000 MW over the next eight years. Additionally, plans to construct around 1,000 bridges in Assam by 2026 are expected to require approximately US$ 50 million. Such government initiatives are anticipated to create substantial opportunities for construction machinery and equipment, thereby driving the concrete pumps market forward during the forecast period.
Country Insights
The Asia Pacific concrete pumps market is further analyzed by country, with China being the largest market in 2023. The construction and infrastructure sector in China has undergone significant transformation, fueled by rapid economic growth and its status as a global economic leader. China is recognized as one of the largest construction markets globally, with a planned infrastructure expenditure of US$ 4 trillion in 2024, marking a 3.8% increase from the previous year. In February 2024, the Shanghai government announced plans to initiate 24 projects with a total investment of US$ 5.8 billion. Furthermore, in March 2024, the Chinese government revealed a commitment of US$ 173 billion for transport infrastructure projects by the end of 2024, alongside a US$ 19.6 billion investment for 32 railway projects in the Yangtze River Delta region.
Company Profiles
Key players in the Asia Pacific concrete pumps market include Alliance Concrete Pumps Inc., Concord Concrete Pumps Inc., DY Concrete Pumps Inc., Zoomlion Heavy Industry Science and Technology Co Ltd, XCMG Construction Machinery Co Ltd, Sany Heavy Industry Co Ltd, Liebherr-International AG, AJAX Engineering Limited, BETONSTAR, Sebhsa, Putzmeister America, Inc., CIFA S.p.A., KCP Concrete Pumps Ltd., Sermac Srl, and LUTON Group, among others. These companies are employing various strategies, including market expansion, product innovation, and mergers and acquisitions, to enhance their product offerings and increase market share.
Table Of Contents
1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
4. Asia Pacific Concrete Pumps Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material/Component Suppliers:
- 4.3.2 Manufacturers:
- 4.3.3 Distributors or Suppliers:
- 4.3.4 End User:
- 4.3.5 List of Vendors in the Value Chain
5. Asia Pacific Concrete Pumps Market - Key Market Dynamics
- 5.1 Asia Pacific Concrete Pumps Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Growing Demand for Residential Construction
- 5.2.2 Increasing Labor Shortage Issues
- 5.3 Market Restraints
- 5.3.1 High Cost of Concrete Pumps and Availability of Alternative Techniques
- 5.4 Market Opportunities
- 5.4.1 Growing Investments in Infrastructure Development
- 5.5 Future Trends
- 5.5.1 Increasing Demand for IoT-Enabled Concrete Pumps
- 5.6 Impact of Drivers and Restraints:
6. Asia Pacific Concrete Pumps Market - Analysis
- 6.1 Asia Pacific Concrete Pumps Market Revenue (US$ Million), 2021-2031
- 6.2 Asia Pacific Concrete Pumps Market Forecast Analysis
7. Asia Pacific Concrete Pumps Market Analysis - by Type
- 7.1 Boom Pumps
- 7.1.1 Overview
- 7.1.2 Boom Pumps: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 Line Pumps
- 7.2.1 Overview
- 7.2.2 Line Pumps: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.3 Specialized Pumps
- 7.3.1 Overview
- 7.3.2 Specialized Pumps: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
8. Asia Pacific Concrete Pumps Market Analysis - by Reach
- 8.1 30 to 44 m
- 8.1.1 Overview
- 8.1.2 30 to 44 m: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 45 to 59 m
- 8.2.1 Overview
- 8.2.2 45 to 59 m: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3 Over 60 m
- 8.3.1 Overview
- 8.3.2 Over 60 m: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4 Less than 29 m
- 8.4.1 Overview
- 8.4.2 Less than 29 m: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
9. Asia Pacific Concrete Pumps Market Analysis - by End-user
- 9.1 Commercial
- 9.1.1 Overview
- 9.1.2 Commercial: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.2 Residential
- 9.2.1 Overview
- 9.2.2 Residential: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.3 Industrial
- 9.3.1 Overview
- 9.3.2 Industrial: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
10. Asia Pacific Concrete Pumps Market Analysis - by Power Capacity
- 10.1 Over 76 KW
- 10.1.1 Overview
- 10.1.2 Over 76 KW: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.2 46-75 KW
- 10.2.1 Overview
- 10.2.2 46-75 KW: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.3 30-45 KW
- 10.3.1 Overview
- 10.3.2 30-45 KW: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
11. Asia Pacific Concrete Pumps Market - Country Analysis
- 11.1 Asia Pacific
- 11.1.1 Asia Pacific Concrete Pumps Market - Revenue and Forecast Analysis - by Country
- 11.1.1.1 Asia Pacific Concrete Pumps Market - Revenue and Forecast Analysis - by Country
- 11.1.1.2 China: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.2.1 China: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.2.2 China: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.2.3 China: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.2.4 China: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.3 Japan: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.3.1 Japan: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.3.2 Japan: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.3.3 Japan: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.3.4 Japan: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.4 India: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.4.1 India: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.4.2 India: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.4.3 India: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.4.4 India: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.5 South Korea: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.5.1 South Korea: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.5.2 South Korea: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.5.3 South Korea: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.5.4 South Korea: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.6 Australia: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.6.1 Australia: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.6.2 Australia: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.6.3 Australia: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.6.4 Australia: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.7 Vietnam: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.7.1 Vietnam: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.7.2 Vietnam: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.7.3 Vietnam: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.7.4 Vietnam: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.8 Singapore: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.8.1 Singapore: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.8.2 Singapore: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.8.3 Singapore: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.8.4 Singapore: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.9 Malaysia: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.9.1 Malaysia: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.9.2 Malaysia: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.9.3 Malaysia: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.9.4 Malaysia: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.10 Philippines: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.10.1 Philippines: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.10.2 Philippines: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.10.3 Philippines: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.10.4 Philippines: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.11 Cambodia: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.11.1 Cambodia: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.11.2 Cambodia: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.11.3 Cambodia: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.11.4 Cambodia: Asia Pacific Concrete Pumps Market Share - by Power Capacity
- 11.1.1.12 Rest of APAC: Asia Pacific Concrete Pumps Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 11.1.1.12.1 Rest of APAC: Asia Pacific Concrete Pumps Market Share - by Type
- 11.1.1.12.2 Rest of APAC: Asia Pacific Concrete Pumps Market Share - by Reach
- 11.1.1.12.3 Rest of APAC: Asia Pacific Concrete Pumps Market Share - by End-user
- 11.1.1.12.4 Rest of APAC: Asia Pacific Concrete Pumps Market Share - by Power Capacity
12. Competitive Landscape
- 12.1 Heat Map Analysis by Key Players
- 12.2 Company Positioning and Concentration
13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 Product Development
14. Company Profiles
- 14.1 Alliance Concrete Pumps Inc.
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Concord Concrete Pumps Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 DY Concrete Pumps Inc
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Zoomlion Heavy Industry Science and Technology Co Ltd
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 XCMG Construction Machinery Co Ltd
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 Sany Heavy Industry Co Ltd
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 Liebherr-International AG
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 AJAX Engineering Limited
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 BETONSTAR
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
- 14.10 Sebhsa
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
- 14.11 Putzmeister America, Inc.
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
- 14.12 CIFA S.p.A.
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
- 14.13 KCP Concrete Pumps Ltd.
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
- 14.14 Sermac Srl
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
- 14.15 LUTON Group
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments
15. Appendix
- 15.1 Word Index
- 15.2 About The Insight Partners