Revenues from the concrete mixer market were in excess of 126,800 units in 2018, and are estimated to record a 4% year-over-year growth in 2019, according to a new study by Fact.MR.
Myriad factors influence this dynamic, ranging from customer requirements for equipment with high technical standards and convenient portability to tightened environmental standards apropos of emissions and recycling of materials.
Also complementing sales of in-transit mixers is growing demand for mobile volumetric concrete mixers that prevent concrete waste entailed by over-ordering, the study finds. The volumetric concrete mixers enable efficient and convenient trips to batch plants, saving on hot loads and various other expenses, and cutting down time of operation. The study says while precision continues to be the key, user-friendly control options of these equipment will continue to attract customer attention and drive sales.
The study opines that in-transit mixers remain the preferred category among end-users, in light of their ability to both mix and transport concrete around a construction site, particularly in case of remote locations and sites that are far from concrete plants. The deprivation of clotting, and prevention of concrete balling effect, are key benefits associated with in-transit concrete mixers that continue to sustain their sales.
On the contrary, sales of trailer concrete mixers are expected to remain low, tugged by their higher operating and maintenance costs, along with relatively less efficient maneuverability.
Portable Concrete Mixer Sales Grow with Small-Batch Solutions
The report finds that the number of projects that call for greater concrete volume, which is difficult to produce using paddle mixers, has witnessed a notable rise, which has created the demand for portable concrete mixers as a consequence. Portable variants continue to account for over seven in 10 units of concrete mixers sold worldwide, upheld by their ability to efficiently blend water and concrete and consistently deliver the mixture as per requirement.
Construction equipment manufacturers have been directing their efforts toward research activities in the concrete industry, in a bid to develop products that offer capabilities that are a combination of drum mixers and paddle mixers. This, coupled with the focus on the development of concrete mixers with lightweight, time-effective and self-contained characteristics, has resulted in the development of high-performance portable concrete mixers, thereby favoring the market growth.
Attractiveness of APEJ for Manufacturers Remains Intact
The study opines that the lucrativeness of the Asia-Pacific (APEJ) market for concrete mixer manufacturers is here to stay, as governments in the region continue to facilitate favorable regulations and policies. In addition, esurgent growth in construction activities, along with growing government investments in the infrastructure development, continue to complement growth of the concrete mixer market in APEJ.