1.Current status of concrete machinery industry
The global market size is estimated to have reached US$50 billion in 2023, and the market is growing rapidly in some regions, especially in the Asia-Pacific region. The "2025-2030 China Concrete Machinery Industry Market Analysis and Development Prospect Forecast Report" predicts that by 2025, the size of the global concrete machinery market will exceed US$60 billion, with an average annual growth rate (CAGR) of approximately 5%-69%6. The European market is affected by factors such as the sluggish construction industry and strict environmental regulations, and the growth rate is relatively slow. However, in some emerging economies such as Eastern Europe, the construction industry is developing rapidly, which has driven the demand for concrete machinery.
In 2022, the sales volume of the concrete machinery industry was 89,000 units, a year-on-year decrease of 23.8%. The domestic sales volume was 51,900 units, a year-on-year decrease of 44.6%. The export sales volume was 39,500 units, a year-on-year increase of 59.8%. Affected by the national standard switch and macro-control, the domestic market demand has declined, but the export market has performed strongly, with the proportion increased to 41.9%, a year-on-year increase of 21.9pct. The sales volume of the concrete machinery industry will maintain steady growth throughout 2023.
The analysis of the current situation of the concrete machinery industry points out that as an important equipment in the construction industry, promoting its low-carbon transformation has become an important means for the construction industry to achieve energy conservation and emission reduction. At this stage, the "dual carbon" strategy has become an important strategic support for the development of the concrete machinery industry. The implementation of various policies will promote the application of green and low-carbon technologies in industries such as concrete machinery, help the industry accelerate green and low-carbon transformation, and promote the healthy and sustainable development of the concrete machinery industry. The analysis of the concrete machinery industry and the current situation mentioned that at present, China's concrete machinery industry presents the characteristics of high market concentration in large-scale equipment, low market concentration in small and medium-sized equipment, and multi-level competition. With the intensification of market competition, well-known concrete machinery manufacturers at home and abroad have increased their investment in the Chinese market and competed for market share through technological innovation and product quality improvement. Domestic concrete machinery manufacturers are also constantly strengthening R&D innovation, improving product performance and reliability to meet the diverse needs of the market.
2.Development history of concrete machinery industry
The current situation analysis of the concrete machinery industry points out that the development history of my country's concrete machinery industry is a process from scratch, from imitation to innovation, and from low-end to high-end. After entering the 21st century, the national economy has developed rapidly, infrastructure projects have increased significantly, and the demand for construction machinery and concrete machinery has continued to increase, which has greatly promoted the development of concrete mixing plants, mixer trucks and pump truck technologies. In the future development, with the continuous optimization and improvement of production processes, the continuous expansion of the industry scale and the early release of favorable policies, the concrete machinery industry will continue to maintain a stable growth trend and promote the continuous development of the construction industry.
In the late 20th century, with the rapid development of electronic technology and computer technology, the concrete machinery industry began to develop in the direction of automation and intelligence. The degree of automation of concrete machinery and equipment has gradually increased. Mixers, pump trucks and other equipment have begun to be equipped with electronic control systems. Through sensors, automation programs, etc., they can monitor key parameters such as concrete mix ratio, mixing time, temperature during transportation, etc. in real time to ensure the stability of concrete quality.
With the improvement of global environmental protection awareness, the construction industry is also gradually realizing green development. The technological innovation of the concrete machinery industry has begun to move towards energy conservation, environmental protection and intelligence. The concrete production process consumes a lot of energy and produces certain carbon emissions. For this reason, many concrete machinery manufacturers have begun to develop low-energy and high-efficiency equipment, such as electric-driven mixers and concrete pump trucks with energy-saving technology. In addition, the emission standards of concrete machinery equipment have been gradually improved, and many countries have become more stringent in terms of environmental protection requirements for concrete machinery.
In general, the concrete machinery industry has undergone an evolution from manual labor to mechanization, from mechanization to automation, and then to intelligence. With the continuous innovation of technology, the efficiency, precision, safety and environmental protection of concrete machinery and equipment have continued to improve, and its role in promoting modern construction and infrastructure construction has become increasingly important.
3.Concrete Machinery Market Analysis
Rapid urbanization, population growth, strong economic growth, and rising construction activities in developed and developing countries are expected to drive the demand for concrete mixers during the forecast period. Global Construction Perspectives Limited and Oxford Economics Limited estimate that the global construction industry is likely to account for 14.7% of the global GDP by 2030. Applications such as the construction of concrete roads, power plants, canals, airports, dams, ports, and other large construction sites are increasing the demand for large quantities of concrete. Concrete batching plants that can produce up to 330 cubic meters of hardened concrete per hour and concrete mixer trucks that can transport up to 10 cubic meters of concrete at a time are the perfect solution for mixing large quantities of concrete on site. According to Global Construction, the cumulative construction volume is likely to reach $212 trillion by 2030, of which more than one-third, or $77.8 trillion, will come from emerging economies in Asia .
Furthermore, China, the United States, India, Indonesia, the United Kingdom, Mexico, Canada, and Nigeria are likely to account for 70% of the overall growth in the construction industry by 2030. The study also states that the United Kingdom and Nigeria are likely to be the two major countries contributing to the growing construction activities as the British government is proposing several global mega-projects. In addition, Nigeria's population will grow significantly by 2030, surpassing the United States to become the fifth most populous country in the world.
4.Concrete Machinery Market Trends
Residential construction contributes to the growth of the concrete mixer market.
Cities are expanding at an alarming rate, creating incredible potential for developing local economies, and citizens need adequate, affordable housing. To provide affordable housing to homeless and vulnerable families, governments are increasing allocations in their budgets to promote sustainable communities and housing programs. For example, India’s real estate sector is one of the fastest growing sectors, with an estimated shortfall of about 18 million homes, 99% of which are in the socioeconomically disadvantaged sections. The Indian government has developed many housing projects, such as the Housing for All Scheme, which aims to provide affordable housing to people by 2022. After a long slump in the construction industry, new construction is increasing in many developed and emerging countries. Post-pandemic, residential construction has increased significantly in the United States and globally. The recovery of the global economy has boosted homebuyer confidence, increasing demand for newly built single-family and multi-family homes.
5.Asia Pacific is expected to lead the concrete mixer market
China, Singapore, and India are driving the growth of the concrete mixer market, while Japan is struggling due to declining housing demand due to its declining population.
China is likely to emerge as the largest market, followed by India, Indonesia, Japan, and South Korea. The large-scale projects being undertaken in China require the transfer of large amounts of machinery and materials from one part of the country to another. China’s multi-billion dollar One Belt One Road initiative, popularly known as the Chinese Silk Road, aims to connect Southeast Asia with Eastern Europe and Africa through 71 countries that account for half of the world’s population and a quarter of its GDP. The plan is creating good prospects across Asia and its neighboring countries. The plan is expected to be completed by 2049, thereby aiding the growth of the concrete mixer market in the Asia Pacific region.
The sales of construction equipment in India and Indonesia are also growing rapidly. In India, the sales of construction equipment are growing due to the large-scale construction of road projects and logistics corridors, while in Indonesia, the sales of construction equipment are driven by the construction of manufacturing areas. Therefore, this market is expected to grow during the forecast period as companies launch new products to increase their market share in this segment.
On the other hand, India could become one of the fastest growing construction markets in the world with the largest population. In addition, India could be the largest housing market in the world as it may need to build millions of houses over the years to meet the needs of a growing and rapidly urbanizing population. In addition, Asia also has some of the top construction companies, whose combined sales account for about 50% of the global construction industry sales.
