Key vendors to focus on M&As to gain market shares.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global concrete pump market in their latest research report. This report also lists 12 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for concrete pump is highly consolidated with major market shares held by international vendors. The innovation-based development of new products and efficient after-sales service by these vendors have made them the top leaders of the industry. The market is projected to experience growth in the coming years owing to rapid residential construction around the world and development of infrastructure facilities in developing countries, such as India, Malaysia, and Indonesia.
According to Likhitha Bandla, a lead analyst at Technavio for research on construction, “Strategic mergers and acquisitions can provide the industry with necessary opportunities wherein international players can grow inorganically by acquiring local vendors, resulting in market consolidation at a later stage. For instance, the majority stakes of SCHWING Stetter are acquired by the Chinese construction equipment giant, XCMG, to increase its market presence in APAC.”
Top five vendors in the concrete pump market space:
Concord Concrete Pumps
Concord Concrete Pumps is one of the leading manufacturers of concrete pumps in the global market. The company started the manufacturing of truck-mounted or boom pumps for the North America market. The company came into limelight with the introduction of the largest boom pump in the world.
Key products: CCP-65SZ25, CCP-62SZ5-180, CCP-60XZ5-180, CCP-56XZ5-180, and CCP-52XZ5-170.
JUNJIN manufactures various types of concrete pumps, including boom pumps, line pumps, trailer pumps, placing booms, and tower cranes. It has two manufacturing facilities, one to produce concrete pump trucks and placing boom, and another for manufacturing crawlers, aerial working platforms, and special purpose vehicles.
Key products: JJRZ 63-5.18HP, JJRZ 57-5.18HP JJRZ 55-5.18HP, JJRZ 52-5.16HP, and JJRZ 50-5.16HP.
LIEBHERR has a strong presence in the hospitality sector, and has hotel properties in Germany, Austria, and Ireland. The company has expertise in the manufacturing of cranes. It developed its first crane in 1949. In 1958, the company expanded in Europe by building a production site in Ireland. Similarly, in 1960, the company opened its branch in South Africa.
Key products: 24 M4 XH, 28 Z4 XH, 32 Z5 XXT, 33 R4 ST, and 35 Z5 XXT.
In 2014, Putzmeister Mexico was established for manufacturing of truck mixers. The company invested nearly USD 3 million for the new testing center in Aichtal, Germany. The company’s headquarters is in Aichtal, Germany. The company has its existence in four verticals that include concrete technology, industrial technology, mortar technology, and underground technology.
Key products: M20-4, M24-4, M28-4, M46-5 NG, and M49-5.
SCHWING Stetter is a manufacturer of concrete technology, and is one of the leading companies in the global concrete pump market. In 2012, in a major deal, the Chinese construction equipment manufacturer XCMG acquired 52% of stake in the SCHWING Stetter. The merger is expected to create opportunities at a global level growth, as XCMG products are present in nearly 130 countries around the world. The group has production sites in Germany, Austria, Brazil, the US, China, and India.
Key products: BASIC LINE C3, LIGHT LINE C3, ULTRAECO, HEAVY DUTY C3, and TRAILER LINE C3.
Browse related reports
- Global Waterproofing Membranes Market 2017-2021
- Global Building-Integrated Photovoltaic Skylights Market 2017-2021
- Elevator and Escalator Market in Germany 2017-2021
To read more press releases – click here