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North America Mobile Concrete Mixer Market

North America Mobile Concrete Mixer Market Predicted to Surpass USD 3,296 Million by 2030 and Grow at 5.3% CAGR

Published On : 02 Nov, 2022
Updated On : 10 Nov, 2022
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Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
5.3 %

Mobile concrete mixers are movable trucks or trailers that are used to produce concrete by mixing cement, sand, water, gravel, and occasionally binding adhesives on the building site. Concrete mixing drums positioned on a truck chassis are self-driven, however drums mounted on trailer chassis need to be pushed by attaching it to another vehicle.

The North America mobile concrete mixer market size is expected to reach a valuation of USD 3,296 million by 2030, growing at a CAGR of 5.3% during the forecast period (2022-2030). According to the volume of concrete that each mobile concrete mixer is capable of producing, these mixers are divided into three categories. These concrete mixers are transported to the construction sites by being mounted on the frames of trucks or trailers before being transported there. In order to prevent the unnecessary disposal of fresh concrete at certain locations, it must be manufactured there. This prevents an increase in building expenses that would have been caused by unused concrete. Sand, cement, water, gravel, and occasionally glues that keep them together are the ingredients that go into making concrete, and mobile concrete mixers are the tools that are used to manufacture the substance. After that, the concrete is poured out of a nozzle that is either located on the front or back of the truck or trailer, depending on how the concrete was created.

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Market Dynamics

Drivers

The rise in expenditures made by governments, particularly those of emerging countries, in the construction of new highways, tunnels, dams, commercial and residential buildings, and other types of civil works is the primary factor driving the mobile concrete mixer market. Concrete is required for the building of new infrastructure, which necessitates the use of mobile concrete mixers, which are prepared on the construction sites itself. In addition, mobile concrete mixers are able to move through difficult terrain and may be used on building sites that have difficult road access. As a result, assisting building sites, especially those in distant places, in the preparation of concrete.

The North America mobile concrete mixer market may have their capacities increased or decreased, and it is simple to transport them from one location to another. To guarantee that the final product is of the highest possible quality and freshness, the components that go into making concrete, such as gravel, water, and cement, are stored in their own individual bins. These transportable concrete mixers are not only simple to access but also produce concrete that is ready to be used. Therefore, building sites in isolated places or on bad terrain, where it is difficult to access to a permanent concrete mixer, are good candidates for mobile concrete mixers because of the portability and convenience of these mixers. Because of these considerations, several construction companies opt for transportable concrete mixers, driving market expansion.

Restraints

Concrete mixers manufacture concrete in batches, which reduces the quantity of wasted concrete on a big scale and, as a result, saves a significant amount of money in terms of the cost of construction. However, the cost of purchasing a concrete mixer for the first time is substantial, and these machines require routine maintenance to function correctly. Because of this, investment and maintenance costs end up being rather high, which in turn acts as a constraint on the market. In addition, during the COVID-19 epidemic, the oil and gas industry, as well as the construction and industrial sectors, were severely impacted. The operations involved in construction were either completely halted or severely curtailed. On a worldwide scale, obstacles were placed in the way of manufacturing and transportation processes, in addition to the supply networks that support such operations. This has a direct impact on the expansion of the market for mobile concrete mixers.

Segment Overview

When broken down according to capacity, the aforementioned market may be divided into two primary categories: 6–10 m3 and more than 10 m3. The 6–10m3 category now holds the majority of the market share and is projected to be worth USD 6,901 million by the year 2030 at a CAGR of 5.5%. Concrete mixers that fall within the 6–10 m3 capacity range are often considered to be of a medium size.

The number of construction sites that require North America mobile concrete mixer market is expected to increase as a result of increased funding from the government for the construction of new infrastructure. As a result, governments have begun purchasing their own construction equipment, such as mobile concrete mixers, especially those with capacities ranging from 6 to 10 m3 and having a preference for the medium size. It is anticipated that the market value of the over 10m3 category in the aforementioned segmentation would reach USD 3,363 million by the year 2030, expanding at a compound annual growth rate of 5.7%. Large in size, these mixers are typically put to use in the construction of concrete highways and other labor-intensive building projects.

When the market for mobile concrete mixers is broken down by chassis type, it is then broken down even further into two categories: trucks and trailers. Trucks are the primary market participants, and analysts anticipate that the market value of trucks will reach $10,978 million by the year 2030, growing at a compound annual growth rate of 5.6%. The mobile concrete mixers with drums that are installed on truck chassis are the topic of discussion in this part. The concrete mixer on a truck-type mobile concrete mixer is self-driven; it has the engine situated in the back, along with a seat for the driver, and it is coupled to the chassis of the truck.

The trailer is the second classification of this market, and it is anticipated that it will develop at a compound annual growth rate of 6.4 % until 2030, when it will be worth USD 8, 34.2 million. In this particular sector, the mobile concrete mixer that consists of a drum is installed on a trailer chassis. The drum of the concrete mixer is mounted on wheels, and the chassis of the trailer that it is being pulled by is hitched up to another vehicle.

Regional Overview

North America Mobile Concrete Mixer Market Countrywise Analysis

Country wise Growth Insights Request Sample Pages

North America is in second place and is forecast to reach a market value of USD 3,296 million by the year 2030, with a compound annual growth rate of 5.3%. Because there are more building sites in the North American area than in any other region in the globe, this region is mentioned in the second position. In comparison to the other two regions, Europe has the smallest share, but over the course of the projection period, it is anticipated to increase to a total of USD 2,599 million at a compound annual growth rate of 4.9 %.

Major Players

  • Navistar Inc.
  • Oshkosh Corporation

Recent Developments

Oshkosh Corporation received recognition as one of the world's most ethical corporations for the seventh year in a row in March 2022.

North America Mobile Concrete Mixer Market: Segmentation

By Capacity 

  • 6-10m3
  • Above 10m3

By Chassis Type

  • Truck
  • Trailers

By Country

  • United States of America
  • Canada
  • Mexico
  • Rest of North America
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