Skip to main content

MENA Truck-mounted Concrete Pump Market: Qatar FIFA World Cup 2022 Brings Good News for Manufacturers, notes TMR

The key players in the MENA truck-mounted concrete pump market for 2015 were Putzmeister, Schwing, and The Liebherr Group. Their collective share of 54.9% in the market’s overall value denotes a consolidated playing field for all names in the truck-mounted concrete pump manufacturing business. All existing players in the MENA truck-mounted concrete pump market are involved in highly competitive business strategies in order to gain the upper hand in sales and overall revenue generation.

According to market intelligence provider Transparency Market Research, the MENA truck-mounted concrete pump market is likely to be a field of moderate competition. Current key players in the market are expected to ramp up the competitive pricing strategies in order to gain a better share of the burgeoning construction sector demand. At the same time, the MENA truck-mounted concrete pump market is not a favorable ground for new entrants due to the high capital required as well as the high level of trust and client pool held by the current key players such as Putzmeister and Schwing. The MENA truck-mounted concrete pump market is expected to reach US$161.0 mn at the end of 2016. It is projected to reach US$253.4 mn by 2024 after experiencing a CAGR of 5.8% from 2016 to 2024.
UAE and Qatar Beacons for Truck-mounted Concrete Pump Makers
One of the top factors boosting the MENA truck-mounted concrete pump market currently is the region’s booming construction sector. There is a very high demand for the creation of residential projects such as large-scale housing areas. Outside of the residential sector, the construction sector is also befitting from the massive demand for more and better quality office spaces and industrial infrastructure. This forms the core driver for all current manufacturers of truck-mounted concrete pumps in the Middle East and North Africa. A TMR analyst states, “Above all regions lay UAE and Qatar in terms of the overall demand for truck-mounted concrete pumps. Both regions are showing a staggering lead in construction activities within the MENA region, Qatar especially is expected to show a very steep curve in demand for construction project equipment over the coming years, thanks to the upcoming FIFA World Cup in 2022 being hosted here.”
Crude Price Volatility Continues to Deter Growth in Demand for Truck-mounted Concrete Pumps
The oil and gas sector has been exposed to a high degree of unpredictability in terms of production volumes and overall pricing scope over the past few years. This oil pricing volatility has had a severely negative impact on a large number of industries, particularly those that include transportation and travel as a key part of their process. This is currently a primary restraint on the MENA truck-mounted concrete pump market which is heavily dependent on the consistent and even increasing supply of conventional fuels.
“Several advancements in the technologies in the truck-mounted concrete pumps are expected to usher in a new wave of demand in the MENA truck-mounted concrete pump market over the coming years. At the top of the list in technological advancements are concepts such as better design concepts that incorporate greater arm length and mounted capacities, remote operation capabilities, enhanced warning systems using modern sensors and audio-visual warning systems, and the incorporation of multiple improvements in the implementation of these pumps in the upcoming MENA irrigation projects,” adds the analyst.
Key segments of the MENA Truck-mounted Concrete Pump Market
Truck-mounted Concrete Pump Market – Type Analysis
  • Truck Mounted Mobile Pump
  • Truck Mounted Static Pump
  • Truck Mixer Concrete Pump
Truck-mounted Concrete Pump Market – End Use Analysis
  • Industrial
  • Residential
  • Commercial
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and
Post a Comment
Read more

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more