Skip to main content

MENA Truck-mounted Concrete Pump Market: Unceasing Building and Construction Appetite of U.A.E. Enthralls Vendors, states TMR

The Middle East and North Africa (MENA) truck-mounted concrete pump market has been researched to be heavily dominated by top three companies, i.e. The Liebherr Group, Schwing, and Putzmeister, which could account for almost 55.0% of the total share. South Korean, Chinese, and European vendors could be relying on acquisition tactics and hot pricing strategies to proliferate their presence in established markets. The market may look quite attractive for new entrants due to the boom in the construction and building sectors. However, established players boasting of their sturdy brand equity and expensive startup cost have been expected to intensify the competition and tax the entry of new players. 

According to the research analysts at Transparency Market Research (TMR), the MENA truck-mounted concrete pump market has been studied to reach a US$253.4 mn by 2024 in the ballpark. Growing at a 5.8% CAGR, the market had managed to rake in a US$161.0 mn in 2016. Finding application in residential and commercial projects, truck-mounted mobile concrete pumps could register a colossal share of over US$134.0 mn by the end of the forecast period. The U.A.E. has been analyzed to dominate the market with a more than 32.0% share, followed by Qatar and Egypt.
MEA Regions Fancying Heaven-kissing Building Projects Amplify Demand 
In 2015, Schwing Stetter’s equipment were used in the construction of the world’s to-be tallest building, Jeddah Tower, in Saudi Arabia. The analysts have prognosticated the augmented construction growth, owing to the high demand for industrial, commercial, and mass housing projects, to lay a strong foundation for the MENA truck-mounted concrete pump market. In order to allow more efficiency in the construction sector, Sany Group raised the curtain from its C8 Series in 2016. With construction projects demanding improved concrete pumping quality and productivity, the need for truck-mounted concrete pumps has been forecasted to rise substantially.
The surging construction of beam fields, high-speed rail sites, seaports, airports, and tunnels in the MEA regions could hold a unwavering potential to propel the MENA truck-mounted concrete pump market to a new high. Likewise, the swelling interest for development projects, skyscrapers, and multistory buildings is foreseen to fortify the demand for truck-mounted concrete pumps. 
Truck-mounted concrete pumps are capable of precisely and accurately transferring concrete to the desired locations both vertically and horizontally. Besides this, they could help in controlling the function of robotic arms through remote control. All of these aspects are foretold to invigorate the growth of the MENA truck-mounted concrete pump market. 
Fill the form to gain deeper insights on this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17795
Safety Concerns and Turbulent Nature of Oil Prices Raise Eyebrows 
There are two encumbrances anticipated by the researchers which could ask the MENA truck-mounted concrete pump market to stay back on growth during the forecast period. Howbeit, the report also unveils some of the crucial breakthroughs envisaged to come to the rescue of vendors experiencing a lack in demand. Safety issues pertaining to whipping hoses and powerline contact and inefficiency on the part of workers could hinder the advancement of the MENA truck-mounted concrete pump market. Moreover, the volatile oil prices in the MEA hampering construction activities are envisioned to starve the need for truck-mounted concrete pumps.
Nevertheless, upcoming projects such as the US$220,000 mn Khalifa International Stadium project in Qatar for the 2022 FIFA World Cup and 2018 Bushehr nuclear power plant in Iran costing US$8,500 mn are prophesied to encourage industry players. Macroeconomic indicators such as those relating to the construction industry leading to positive improvements in the MENA GDP, a boost in employment rate, and increased construction spending could represent more opportunities. Technological advancements in the construction sector could also contribute to the growth in the MENA truck-mounted concrete pump market. 
The MENA truck-mounted concrete pump market has been segmented as presented below: 
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
 The study presented here is based on a report by TMR, titled “Truck-mounted Concrete Pump Market (Types - Truck Mounted Mobile Pump, Truck Mounted Static Pump, and Truck Mixer Concrete Pump; End Users - Industrial, Residential, and Commercial) - Middle East and North Africa (MENA) Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a
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

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had
Post a Comment
Read more