Truck Mounted Concrete Pump Market: Increase in Construction Activities to Bring in Growth Opportunities,TMR
The global market for truck mounted concrete pump is highly consolidated, find a new research study by Transparency Market Research (TMR). In 2016, the top six players, namely, Sany Group & Putzmeister, SCHWING, XCMG, Zoomlion Heavy Machinery Co. Ltd., Concord Concrete Pumps, and LIEBHERR, accounted for nearly 95% of the overall market. The rivalry is intense between the leading manufacturers of truck mounted concrete pumps. These companies are adopting aggressive pricing strategies and are involving in strategic mergers and acquisitions for the geographical expansion of their businesses in established markets, which is likely to increase the competition within this market over the next few years, states the research report. As per the research report, the worldwide truck mounted concrete pump market was worth US$2.79 bn in 2016. Researchers expect the opportunity in this market to increasing at a CAGR of 5.80% during the period from 2017 to 20...