The global mobile concrete mixer market size is expected to grow to USD 11,812 million by 2030 at a CAGR of 5.6% from the early figures of USD 7,208 million in 2021. Mobile concrete mixers are put into three groups based on how much concrete they can make. These concrete mixers are placed on the frame of a truck or a trailer and delivered to the construction sites. Some sites need fresh concrete made on-site so that it does not go to waste. This keeps construction costs from going up because of wasted concrete. Therefore, mobile concrete mixers are used to make concrete from sand, cement, water, gravel, and sometimes glues that hold them together. The concrete is then poured out of a nozzle on the front or back of the truck or trailer, depending on how it was made.
The mobile concrete mixer market is mainly driven by the increased government spending on building new infrastructures like roads, dams, tunnels, residential and commercial buildings, and other public buildings, especially in developing countries. The mobile concrete mixer market is also driven by how easy it is to get concrete to places where roads are not well built or construction sites that are hard to get to.
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Rapid industrialization and urbanization in developing countries have led to an increase in construction work. The mobile concrete mixer market is mostly driven by the growing need for construction and infrastructure projects. Mobile concrete mixers are used in industries like construction and tunneling to mix cement, water, sand, and gravel on the construction site. It is expected that the government would spend more on infrastructure development, like fixing up roads, bridges, and others.
By 2040, the world's population is expected to grow by about 2 billion, and the number of people living in cities is expected to grow by 46%. This will create a massive need for roads, subways, tunnels, common areas, and commercial infrastructure. The government is forced to take rapid actions on public infrastructure, for which they need to act fast, and this is where the need for a mobile concrete mixer arises. The major earnings of such mobile concrete mixers are from the government entities, followed by the construction business.
The size of the mobile concrete mixers can be changed, and they are easy to move from one place to another. The raw materials that go into concrete, like cement, water, and gravel, are kept in separate bins to ensure a fresh, high-quality mix. These mobile concrete mixers are easy to get to and can make ready-to-use concrete. Therefore, mobile concrete mixers are suitable for construction sites in remote areas or on rough terrain where it is hard to get to a stationary concrete mixer. Given these factors, many contractors choose mobile concrete mixers, making the market grow worldwide.
Fresh concrete is made on the job site with the help of a mobile concrete mixer. It can make concrete in batches, which prevents people from making too much concrete and wasting it. Using as little concrete as possible saves money on a construction site. Also, it makes flexible concrete with different densities of cement, gravel, water, and sand, depending on what the customer needs. This gives high results in terms of the quality of the work, cost, and the number of raw materials used to make the concrete. Also, the worker can control how much raw material goes into the mixer with the help of the latest technology and IoT. It also shows how much concrete is in the drum and gives an idea of how much more concrete needs to be made on the job site to finish the job. Therefore, factors like high yield and less wastage of raw materials save money and the environment, driving the mobile concrete mixer market worldwide.
Mobile concrete mixers are large trucks or other construction equipment that are expensive. So, people who do not need the equipment regularly or for a long time usually rent it instead of buying a costly machine they only use a few times a year. All customers cannot afford to purchase such expensive equipment, and they may not need the same machine every time. Moreover, many customers are unable to get loans with high-interest rates to buy the equipment. For example, sometimes the construction site needs equipment for digging, sometimes it needs equipment for moving materials, and sometimes it needs equipment for mixing concrete. Customers cannot buy all the machines because they do not have enough money. However, if you only rent the machine you need, you can save a lot of money on equipment and use that money for other projects.
Furthermore, big construction sites like shopping malls or housing developments need a lot of concrete, so contractors choose stationary concrete mixers with big capacities. These factors keep the mobile concrete mixer market from growing around the world. Apart from this, the said equipment needs regular and proper maintenance as after using every batch of concrete from the mixer to build something, there is still some leftover. The concrete gets stuck in holes and cracks or inside the drum, where it is hard to reach and clean. The concrete dries out and forms lumps while the next batch is being made. To avoid this, the mixer needs regular maintenance, which requires a skilled labor force and is costly.
The construction equipment uses a lot of diesel, which makes it more expensive to buy and run and damages the environment. Carbon emissions from all types of vehicles are being cut in several ways. Diesel engines release a lot of carbon into the air, so zero-emission electric cars are being made. For example, Liebherr launched the first electric mobile concrete mixer in March 2020. It runs on electricity alone and gives off no carbon. Also, its engine does not make any noise, making less noise pollution.
In the same way, Cifa SpA released Energy in January 2020, a hybrid concrete mixer that can run on both diesel and electricity. Along with the move toward electric cars in the auto industry, electric technology will also be used in heavy trucks. These strategies will make the mobile concrete mixers work better and help cut down on the amount of carbon released into the air.
Due to the extended lockdown in major countries like the US, China, Japan, India, and Germany, after the COVID-19 pandemic broke out, some or all production facilities that did not make essential goods had to shut down. The pandemic drastically affected all the major industries worldwide, including the mobile concrete mixers market. For example, countries like Germany, Italy, and India had strict rules against public movement and other building work. This halted building projects, leading to a drop in sales of new mobile concrete mixers.
The construction industry saw a 25–30% drop in 2020 compared to 2019. Also, major players in the market for mobile concrete mixers saw a reduction in the number of concrete mixers they sold over the past year. For example, A.B. Volvo saw its sales of mobile concrete mixers drop by about 15% in 2020. Similarly, KYB saw its sales of mobile concrete mixers drop by about 14%. On the other hand, Liebherr saw an 8 % drop. There was a similar pattern with other important market players. Consequently, the manufacturing industry was severely damaged, making it hard to move and store new mobile concrete mixers.
The global mobile concrete mixer market share is segmented by capacity and chassis type.
When segmented by capacity, the said market has two major classifications that are 6–10m3 and above 10m3. The 6–10m3 category dominates the market and is expected to reach USD 6,901 million by 2030 at a CAGR of 5.5%. The concrete mixers in the 6–10m3 category are generally medium in size.
With the government putting more money into building new infrastructures, the number of construction sites that need mobile concrete mixers goes up. Therefore, the governments have started buying their own construction tools, including mobile concrete mixers, preferably medium-sized mixers having a capacity between 6–10m3. The above 10m3 category in the said segmentation is expected to have a market value of USD 3,363 million by 2030, growing at a CAGR of 5.7%. These mixers are large and are mainly used for heavy construction works and for building concrete roads.
The global mobile concrete mixer market, when segmented by chassis type, is further categorized into trucks and trailers. The trucks are the major market shareholders and are expected to have a market value of USD 10,978 million by 2030 at a CAGR of 5.6%. In this segment, we look at mobile concrete mixers with drums mounted on truck frames. The concrete mixer on the truck-type mobile concrete mixer is self-driven, and it has the engine mounted at the back and a place for the driver to sit and is attached to the truck's chassis.
The second classification of this segment is the trailer, and it is expected to grow to USD 8, 34.2 million by 2030 at a CAGR of 6.4%. The mobile concrete mixer with a drum is mounted on a trailer chassis in this segment. The drum of the concrete mixer is on wheels, and the trailer chassis is hooked up to another vehicle to pull it.
The global mobile concrete mixer market share is primarily segmented into three regions, namely North America, Europe, and Asia-Pacific.
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Asia-Pacific is the most dominant region in the market, with a market share valued at USD 2,882 million in 2021, and it is expected to grow to USD 4,926 million by 2030 at a CAGR of 6.1%. Asia-Pacific is the fastest-developing region and has the most construction development projects.
North America ranks second and is expected to grow to USD 3,296 million by 2030 at a CAGR of 5.3%. The North American region has the maximum number of construction sites worldwide, which is why the region is listed second. Europe has the lowest share compared to the other two, and it is expected to grow at USD 2,599 million at a CAGR of 4.9% during the forecast period.